ES & MES Futures Trade Plan #338
Battle Plan
Where To Go Long... Where To Go Short.
ES & MES FUTURES TRADE PLAN #338
TODAY'S REVIEW: ES FUTURES
Battle Plan Members and Trial Members
Make sure you have both Tradingview indicators and the Chrome extension.
Strong Levels Indicator: The levels I deem the most important this week
Battle Plan Indicator: Each Battle Plan trade idea mapped directly on your Tradingview chart.
And... Just released today.
The new "Battle Plan Buddy" Chrome extension.
Battle Plan members and trial members download page.
Battle Plan Trade Ideas
No Battle Plan trades were activated last night or today.
Honestly, I'm shocked we basically opened up and ran 35 points directly to the north.
RTH
In the RTH session, we almost pulled back into Battle Plan 1️⃣, but we did not.
"Close but no cigar."
Today turned out to be a no-trade day for me because I was waiting for Battle Plan 1️⃣.. it was Monday, and I was being cautious.
That said, we called a fantastic short for the journey down the chart and longs on the way back up.
The BULLS defended the "Bull Bear" Strong Level line perfectly.
ES Live Trading | Zoom & Youtube
On Zoom and YouTube, we called out a beautiful 30-point short and a monster long.
Watch the video above for the full live trading calling.
The short and the long are mapped out below on the chart.
Today was a perfect illustration of looking for the right trades in the right trade locations. Knowing where we should be looking for shorts and where we should be looking for longs... is our edge! Trading the edges is our edge!
Congrats to the traders who took either trade, and tip of the hat to those who took both!
82 Point ES Long
At the time of this publication, price had traversed a total of 82 points from the outlined entry.
If you took the 30-point short and this 80-point long, you could have potentially made over 100 MES points today - and for you big time ES traders, a hundred ES points makes a week!
Congrats.
MicrosTrader members making nice deposits today!
Tip of the Day
When a trade doesn't match your trade plan... you don't take it.
It is that simple.
No whining. No complaining. No FOMO.
I hope I demonstrated this principle in today's Zoom and YouTube.
There is another high-probability trade around the corner.
Tomorrow's Live Streams
|
AM Briefing 
|
YouTube Live Stream 
|
Scoreboard
Points Accumulated This Week:
Battle Plan: 0
🔥 We Wait.
Zoom: 100+
🔥 30-point short... entry and exit outlined live on Zoom and YouTube. See video above.
🔥 A beautiful turn-around long for 70+ points.
Core Strategy: 50+
🔥 A nice front side long for 30 points. Front sides with the trend are great trades.
🔥 A backside long that bounced for five points, and the front side mentioned above was the backup level for this entry. You never got close to hitting your stop loss. The truth is, you could have entered at the backside and added at the front side, and you were long both contracts for 30+ points. Wow. What a great trade for Core Strategy!
🔥 A frontside short I would not have taken. That said, it bounced 10 points. Why not take it? Well, you should have already been long holding a lotto runner. Best excuse ever to not take a short.
ECONOMIC CALENDAR
TUESDAY
WEDNESDAY
View The Trade Setups
COMMON QUESTIONS FOR ES FUTURES TRADERS
What is a Strong Level?
A: A Strong Level is a price George marks as one of the most important for the week. Price tends to react there... so that's where you go hunting for trades. They show up on the Strong Levels Indicator and map right onto your chart. The 7512 Strong Level in today's plan is one example. When price respects a Strong Level, that reaction is your edge.
What is the Bull Bear Strong Level line?
A: The Bull Bear Strong Level is the key line that separates bullish territory from bearish territory. When price holds above it, the Bulls are in control and longs have the wind at their back. When price sits under it, be careful chasing longs and wait for a reclaim. Today the Bulls defended the Bull Bear Strong Level line perfectly and bounced off it.
What is Core Strategy?
A: Core Strategy is one of George's trade tracks running alongside the Battle Plan ideas and the live Zoom calls. It focuses on front side and backside entries that go with the trend. Front sides with the trend are great trades. This week Core Strategy banked over 50 points, including a front side long and a backside long that you could have added to.
What does it mean to trap the trader long?
A: A trap the trader long is an entry that fires right where late sellers get trapped... usually off a session low or a reclaim of Strong Levels. Price dips just far enough to suck shorts in, then reclaims the level and runs the other way. Take this one small and demand very snappy ladder back price action. If it doesn't snap back fast, your eyeballs look further down the chart.
What is a lotto runner?
A: A lotto runner is a small piece of a winning position you hold for a big move. You bank most of your trade at target, then let the runner ride in case price keeps going your direction. We seem to get one or two trades a week that run 100 points... the runner is how you catch them without risking much. Set a stop, hold it, and let it work.
MICROS TRADER BASICS
The Environment Is the Product
Our membership structure is designed to protect our environment. Because the environment is the product. It's not the training alone. The Zoom sessions alone. The technology alone. It's the collective group.
We are a small group. We don't have thousands of members. We don't even have hundreds of members. It's a professional group with professional standards... clean, supportive, focused conversation. We stay on our system. We are all trading the same chart looking for the same trades for the same reasons.
📍 Originally published on MicrosTrader.com
Comments
Post a Comment