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

In today's AM Briefing, traders were encouraged to focus on personal growth over system tweaks, supported by journaling tools now featured on the dashboard. Market news was light, with attention turning to next week's CPI and Powell’s remarks. Chart analysis suggested a bullish stance above anchored VWAP levels, with caution advised for shorts until support is broken. A live Zoom session is planned for further trade strategy refinement. RESOURCES:

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▶️Youtube Community Updates

TRANSCRIPT:

AM Briefing – Episode #424

Date: Friday, May 9th
Presented by: MicrosTrader.com
Slogan: Together We Trade Better

SCRIPTURE OF THE DAY

“For we are His creation, created in Christ Jesus for good works, which God prepared ahead of time so that we should walk in them.” – Ephesians 2:10

TIP OF THE DAY

Trading success is not about constantly improving your system or chasing shiny new tools. It's about improving you. That’s why we provide the Trade Journal, Trade Tracker, and Trade Report as part of your membership.

Please ensure you're journaling every day. Keep your journal open throughout the day, make notes as needed, and post them to Discord if you wish. Remember, you are working on you.

MARKET SCHEDULE OVERVIEW

Today’s schedule is relatively light. There’s only one FOMC speaker, and former President Trump's agenda appears sparse—though he's known for speaking and signing orders near the market close.

Looking ahead to next week:

Thursday: CPI and Powell speaks
Friday: Consumer sentiment and inflation expectations

P&L CALENDAR UPDATE

A new feature has been added to your P&L Calendar on the dashboard. In addition to your self-graded discipline score, your reported number of trades will now appear as well. It’s a helpful way to track progress and activity at a glance.

TRADE RECAP – YESTERDAY ON YOUTUBE

During our live trading session, we had a mapped-out trade we were monitoring. The initial ladder setup played out well, and we entered on the second ladder. Unfortunately, I couldn’t hold the position all the way, but it did hit the daily anchored VWAP as our profit target.

While I wasn’t in it for the full move, the trade was well-mapped. Once the setup played out without me, I closed the DOM and moved on—no regrets. We stick to the trades we plan.

CHART ANALYSIS & TODAY’S PLAN

Overnight Battle Plan:

Short Opportunity: If price came up to a certain level (didn’t happen).
Ladder Back Long Opportunity: If price dipped lower (also didn't happen overnight).

This setup still stands, and I’m interested in this long if it presents again today. I’ve cleaned up the chart and removed some levels I no longer need.

Technical Observations:

We are sitting at the 5-day moving average and moving nicely.
Removing overnight “fluff,” the anchored VWAP still plays a crucial role in resistance/support levels.
Yesterday’s late-day dump shows a lack of new buyers. If ES wants more buyers, it needs to dip and grab liquidity.

Trade Bias:

No Shorts Above the Bull-Bear Line: As discussed all week, we avoid shorts unless we break below a specific threshold.
Potential Short Setup: If we open, grab liquidity, and show a valid shift, I may take a ladder back short. Risk would be kept small.

TREND LINE INSIGHTS

Drawn key trendlines based on anchored VWAPs: Liberation Day high, absolute low, daily and monthly trendlines.
We've broken and retested these levels, suggesting a continued move to the upside.
We're in a parabolic northern push above key VWAPs.

Conclusion: No signs scream “short” right now. We're in upper distribution territory, and bears failed to break prior day lows. If we get a pop and shift near resistance, I’m ready to take that trade targeting the weekly low.