ES & MES Futures Trading – Key Levels & Technical Analysis Thursday

Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room

Thursday’s AM Briefing from MicrosTrader.com emphasized discipline in the face of volatile market conditions, with a strong warning against counter-trading powerful directional moves, often described as “freight trains.” The educator introduced a new VWAP-based momentum alert added to the Essentials Indicator to help traders stay aligned with trend strength. Despite spotting an ideal setup, the timing and risk led to a no-trade decision, underscoring the importance of risk control over FOMO. Traders are advised to watch key levels like the prior day’s POC at 5921 while recognizing the broader bullish trend on the weekly chart.

RESOURCES:

Opening Remarks

Good morning, everybody! Welcome to the AM Briefing brought to you by MicrosTrader.com, where together we trade better. It’s Thursday, May 29th, and this is episode number 438. I’m really looking forward to episode 500 — that’s where my focus is right now.

Scripture of the Week

"The one who walks with the wise will become wise, but a companion of fools will suffer harm."

Tip of the Day: Standing in Front of a Freight Train

Today’s tip warns traders against standing in front of strong directional moves. Always trade small (if at all), never add to losers, and define your risk. Stay green rather than greedy. Make sure every trade is in your plan — otherwise, wait.

News Drivers & Battle Plan Recap

Unemployment and preliminary GDP are due shortly. Yesterday’s plan identified both bullish and bearish levels, and several played out nicely — especially the downside target near the bull/bear line. A high-conviction trade setup occurred at the wrong time due to Nvidia’s influence. Despite a perfect setup, the risk was too high to justify entry.

Momentum Indicator & Freight Train Moves

A new VWAP-based momentum alert has been added to the Essentials Indicator. It triggers a small caution symbol when strong directional movement is detected. This helps traders either stay in a winning move or avoid dangerous counter-trades. It’s off by default but offers crucial insight during volatile sessions.

Market Conditions & Chart Review

Markets are back inside yesterday’s range, making conditions tougher. Still, intraday levels like the three-minute chart remain viable. Watching the Dow and NQ showed similar patterns. Missed moves are part of trading — staying disciplined matters more than chasing.

Key level to watch: 5921 — prior day’s POC and today's halfback.

SUMMARY:

  • ✅ Tip of the day emphasizes caution when trading against strong trends ("freight train" moves)
  • ✅ New VWAP-based momentum indicator now alerts traders to strong directional moves
  • ✅ Missed high-conviction trade opportunity during volatile open due to Nvidia influence
  • ✅ ES returned inside previous day’s range; halfback and POC at 5921 is a key magnet level
  • ✅ Weekly chart confirms broader bullish bias — pullbacks are likely setups for continuation

FREQUENTLY ASKED QUESTIONS

Q: What is a "freight train" move in trading?

A: A freight train move refers to a powerful, sustained directional price movement that is difficult and risky to counter-trade.

Q: How does the new momentum alert on the Essentials Indicator work?

A: It uses VWAP-based logic to identify strong directional momentum and displays a small caution icon to advise traders to either stay in the trend or avoid trading against it.

Q: What’s the significance of the 5921 level in today's session?

A: 5921 is both the previous day's point of control (POC) and the RTH halfback, making it a key magnet level if price drops below the opening.

Comments

Post a Comment

Popular posts from this blog

ES Emini Futures Strategy: Daily Loss Limit and Leverage

Image
  TRANSCRIPT: Okay let's talk about trading futures contracts. On the SNP. In regards to your daily loss limit and your leverage how do those things relate? Well we need to know three things I need to know your daily loss limit. How many trades you're willing to take as a loss. And what is your stop loss? Those are the three things. You need to know. In fact let me make a little note here. Three things you must know. This is what is your daily loss limit…That's. for everybody. What's your stop loss…And the home mini. Trades are you willing…to lose with these three numbers We can determine exactly how you should trade. And we're going to talk about three scenarios with number three My favorite. So let's say you were willing to take a 300. Dollar daily loss limit. You're willing to take three losing trades and you have a strict six point stop-loss. Now all we have to do with some math. Well one MES. If we're going to lose six points, you're going to...
Read more

Core ES Emini | MES Micro Scalping Training Strategy

Image
 South of Texas Motor Speedway Thursday, 8:37 a.m. Welcome to Micros Trader. This is an online community of futures traders who scalp the S&P MES/ES futures. I have no clue how you found this site but this could possibly, maybe, change your life. Trading is HARD. It is! But, we are here to make it simple. Give me ONE month and you will stay in our little group for a lifetime. Trading with a group of professionals with the same goals with the same trading system is delightful and refreshing. We have an active Discord Group and we Zoom each AM from Market Open to Noon EST charting, trading, and supporting each other.  NOTE: If you don't have a Discord account, you will want to create one. It is kinda like facebook groups, if you have facebook. It is our own little group where we interact, ask questions, post pictures, have contests (like the 20 point club, the 30 point club, ...), post our wins, exchange ideas, grow, share, and help each other. We are a community of professi...
Read more

ES Futures Trading Strategy

Image
Youtube Channel I: Youtube Channel II:  Welcome to Micros Trader.  As a trading group we analyze ES price action live via zoom each morning, from Market Open Til New York Lunch, looking for the same… predictable… 3-5 trade set ups. We typically get 30-45 set ups a week with a 90%+ win rate - your mileage may vary significantly and in no way is this a promise - it is past results we have experienced personally.  We draw horizontal bounce lines. We play the bounces off those lines, looking for multiple confluences that gives the levels extra bounce power. Before entering a trade we analyze the price action, and lett trend dictate our leverage. We tend to favor trades with the trend but we do extremely well in chop too - with much lower leverage of course.  Our core trading strategy for scalping S&P Futures…. is a blend of techniques taught by Cotton Candy TA, ICT, and Market Profile Auction Principles. These principles coupled with years of reading ES price acti...
Read more