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

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

A futures trader reviewed live price action ahead of key economic data, focusing on a battle plan targeting a potential move to 6162. Despite early engagement, premature stop adjustments led to missed opportunity and lessons on trade management. The trader emphasized the importance of precise entries and exits, particularly when navigating volatile candles and pending news. Caution and structure remained central themes, underscoring a disciplined approach to intraday trading.

RESOURCES:

Final Trade and Management

All right, let’s see if the backtest becomes a short opportunity to 62. Your stop would have to go above the bull/bear line. Six minutes to PCE.

I finally got my coffee—slept in this morning after my dog woke me up at 3:30. Tried to go back to sleep while watching the market, which isn’t exactly a recipe for rest.

Trade Execution

There’s the short. I’m going to lock in two points and let it run. Nice long earlier, now a short—targeting 62. Let’s see what happens.

I’m going to switch to a trailing stop in case we get a flush. Good to be in it if it drops fast.

Boom—it hit. If I had traded multiple contracts, that would’ve been nice, but I wasn’t going to do that with PCE in five minutes.

I knew my entry and my exit, and I played it. Green now.

Wrapping Up

Even if it comes down to 62, it’ll probably do some sideways junk first. I’m still watching for the main trade. If it happens, great. If not, that’s okay.

Price is jumpy now—PCE tends to be less volatile, but let’s see.

Looks like the news already hit, but my terminal still says it’s pending. I thought we’d get a pop to 92 and then a slam down to 62. Doesn’t look like it’s going to happen yet.

Maybe during the Zoom later.

Giving it one more minute. Then I’ve got to get ready for mental training and post the AM brief to the blog.

Right now we’re hanging out near the bull/bear line. I almost shorted 93 using profits from my last trade as my stop, but I said no—let’s not be speculative. Let’s trade where price is going to bounce.

We’re bounce traders. Wait for the bounce, then act.

If price doesn’t get back under the bull/bear line, I’m going to wait for the next setup. That’s what you do—another high-probability trade is always around the corner.

Maybe a long again off 9550. Doesn’t look like they’re going to push it down yet.

I’d be out by now with one point locked in. Looks like we got all dressed up for nothing.

All right, I’m going to wrap it up so I can get some things done. I’ll see my traders live at the top of the hour.

SUMMARY:

  • ✅ Strong overnight level at 6162 identified as key magnet
  • ✅ Missed opportunity due to early stop movement—emphasis on letting trades breathe
  • ✅ Aggressive bounce off 9550 level was a viable long, but not clean enough for ideal entry
  • ✅ Trailing stop strategy used successfully ahead of PCE news
  • ✅ Focus remains on waiting for clean setups and not forcing speculative trades

FREQUENTLY ASKED QUESTIONS:

Q: What level was identified as a key magnet during this session?
A: The 6162 level was highlighted as a major magnet likely to attract price during the session.

Q: What was the primary reason for missing a promising trade opportunity?
A: The trader moved the stop too aggressively, causing an early exit before the trade could play out.

Q: How was the PCE news event handled from a trade management perspective?
A: The trader used a trailing stop to manage risk ahead of the PCE release, allowing flexibility without overexposure.

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