ES & MES Futures Trade Plan #337
Battle Plan
Where To Go Long... Where To Go Short.
ES & MES FUTURES TRADE PLAN #337
TODAY'S REVIEW: ES FUTURES
Tone Changed?
Look at that daily chart.
Trend is down.
7400 seems to be the monster Bull Bear Line.
Market "wants" to go lower, in my opinion, but they are doing a horrible job.
That said, keep bias away from the chart.
The market does not have to do anything.
The market hardly ever fits your own personal narrative.
Trade the levels, wait for your trade setup to develop, and take the trade with proper leverage and risk management.
The red box is last week's price action.
Each day closed lower.
That said, we had monster, beautiful rallies that we participated in via Battle Plan longs! A banner week, in fact.
Expected Range
A rather large Range for a shortened holiday week if you ask me.
And I hope we explore the full implied move in both directions!
|
ES Expected Range Options-Implied Weekly Move |
|||||||||||
|
Tip of the Day
At this trade location, under the Bull Bear Strong Level line, it is "see money, take money" for all long trades.
Tomorrow's Live Streams
|
AM Briefing 
|
YouTube Live Stream 
|
Scoreboard
Points Accumulated Last Week:
Battle Plan: 260
🔥 A banner week for the Battle Plan.
Zoom: 210
🔥 A banner week for Zoom live trading.
Core Strategy: 40
🔥 Mostly, a low trade week with the multitude of 15-point candles.
ECONOMIC CALENDAR
MONDAY
TUESDAY
View The Trade Setups
COMMON QUESTIONS FOR ES FUTURES TRADERS
What is the Bull Bear Strong Level?
A: The Bull Bear Strong Level is the big line that separates bullish control from bearish control. Right now that line sits up around 7400. Price trading under it means the sellers have the edge. When you are under the Bull Bear Strong Level, treat your longs as see money, take money... grab the profit when you see it and do not get greedy.
What is the Core Strategy?
A: Core Strategy is one of our trading approaches tracked each week on the Scoreboard. It works best when price gives you clean, tradable candles to work with. On weeks stuffed with fast 15-point candles, it tends to be a low trade week... fewer clean setups, smaller point totals. When the market behaves, Core Strategy does its job.
What does Green Over Greed mean?
A: Green Over Greed is our operating standard. It means you take the green... the profit sitting right in front of you... before greed talks you into holding for more and handing it all back. Book the win. Protect your capital. Live to trade the next setup.
What is the Strong Range and how do I use it?
A: The Strong Range is a zone on the Price Map I use to time entries. When price drops into a mapped Battle Plan level, I lean on the Strong Range to fine-tune exactly where I get in. Under the Bull Bear Strong Level, I want to see price reclaim that Strong Range before I trust a long.
What is the Expected Range?
A: The Expected Range is the move the options market is pricing in for the week. This week it runs from about 7262 on the low end to roughly 7540 on the high end... an implied move of about 138 points either direction. I use it to know where price could realistically travel, and I love when we explore the full range both ways.
MICROS TRADER BASICS
The Micros Trader Mission
The mission of Micros Trader is to transform speculative traders into disciplined risk managers. Markets should be treated as a business... with process prioritized over profits and capital preservation placed above all else.
This room was built for traders who want to improve. Who demand they improve. Green Over Greed is the operating standard. No Level, No Trade is the rule. Together We Trade Better is the result.
📍 Originally published on MicrosTrader.com
Comments
Post a Comment