ES & MES Futures Trade Plan #370
Battle Plan
Where To Go Long... Where To Go Short.
ES & MES FUTURES TRADE PLAN #370
TODAY'S REVIEW: ES FUTURES
RTH
Last night in the Discord group, I told everyone that today was gonna be an amazing day. At some point we're going to break out, and it seemed like Thursday would be the day. We always trade what happens and not what we want to happen.
We got the breakout with a beautiful entry BEFORE taking the ATH.
Many traders crushed longs today.
Congrats to all the long traders… Casey, James, Mike, Michael, Laxmi, Rosalie... those are the ones I can remember off the top of my head... kicking tail and taking names all the way to the Bank of Deposits.
How good did it feel to hold a long as we crossed the all-time-high!
Nice job.
Too bad we never made it to the Expected Range... my target.
It did not matter one bit.
We tailed price like professionals. Offering multiple runner management ideas.
Our discussion on Runner Management was worth the admission fee alone.
Those types of discussions pay out well... long after the trading day ends.
Some days the value of the ES Live Trading Room is the trades. Some days it's the discussion. Today it was both.
You don't need many trades like that to have an amazing week.
Side Note: Look at that touch and go... sweet!
I Took the MES Counter Short
Your long trade was WAY better than mine. No contest. You win!
I took the 08 short as outlined on Zoom. Why 08? To be perfectly blunt, there was no "level" sitting there… experience told me so. 1000s of Zooms accumulating over time helps. I rarely trade COUNTER but I did today and managed it well. Small green day again. Smalls add up.
I called that location as the "possible" turn-around spot… if there was going to be a "turn-around".
It was counter, as clearly stated in the commentary. If a single trade idea does not make sense to you, skip it. Just don't take it. Simple. There is another trade around the corner!
We can BOTH be in a trade, one long and one short, and we BOTH make money. It happened today.
By the way... for you longs... ES had to turn around to come back to the Strong Range so ya'll could get long… you are welcome! lol
I Was Wrong
I thought we needed to tag 7730 first… before we could springboard past the all-time high.
The bulls are so in control, it was not necessary.
My goodness.
That said, we did come within seven points of that 7730 level this week. Seven.
I would have been LONG with multiple contracts - that is a fact.
7 more measly points.
Oh well… Another high-probability trade waits around the corner.
Range Rules
On the pullback today, look where we bounced!
Right off the top of the range.
You can't make this stuff up.
This is why we talk about ranges like crazy when we are in one and when we break out of one.
Tip of the Day
You Don't Need Another Trade:
Great location, already green, runner working? Then your day is built.
Quit hunting for one more trade. Protect the one that's paying you.
Tomorrow's Live Streams
|
AM Briefing
|
YouTube Live Stream
|
Scoreboard
Points Accumulated This Week:
Battle Plan: 50+
๐ฅ NADA. We are NOWHERE near a high-probability trade location. Luckily the Battle Plan is just one way we make points in our Micros Trader System.
The Battle Plan is consistently the category that makes the most points. Not this week.
Zoom: 50
๐ฅ 20-30 point long.
๐ฅ 8-point short.
Core Strategy: 0
FS for break-even.
BS for break-even.
A nice BL if you held.
Trading AT all-time-highs is my least favorite location to trade.
ECONOMIC CALENDAR
FRIDAY
MONDAY
View The Trade Setups
COMMON QUESTIONS FOR ES FUTURES TRADERS
What is a Strong Level in the Battle Plan?
A: A Strong Level is a mapped price location where ES has a history of reacting. It is where buyers or sellers showed up before... so odds are decent they show up again. The Battle Plan plots these ahead of time so you are not guessing in the moment. Traders used the Strong Range for entry help on today's long off the top of the range. Wait for your own confirmation at the level. The level gives you location, your confirmation gives you the trade.
What does Core Strategy mean?
A: Core Strategy is the repeatable set of trade entries that runs every session, separate from the numbered Battle Plan ideas. It is scored on its own line in the Scoreboard. Today it posted zero points... a break-even FS, a break-even BS, and a nice BL if you held it. Some sessions the Battle Plan carries the week, some sessions Core Strategy does. That is why you track both.
What is a counter trade and should I take one?
A: A counter trade goes against the side in control. Bulls control right now, so every short is counter. George took the counter short at 7808 today and managed it small for a green day. Counter trades demand precision. Careful with any short here... be perfect. If a single trade idea does not make sense to you, skip it. There is another trade around the corner.
What is the Expected Range?
A: The Expected Range is the projected distance price is likely to travel in a session. It gives runners a logical destination. Price never reached it above the all-time high today... which is exactly why 7685 sits there as a rotation target. Missing the Expected Range does not ruin a trade. You tail price like a professional and take what the market gives you.
What is a lotto runner?
A: A lotto runner is the last contract you hold after taking profit on the rest. Risk is already covered, so that contract runs for the big move with nothing left to lose. Runner management was the whole conversation in the room today. When you are holding a lotto runner and price keeps going your way, that is when you look to add to the winning trade. Protect the one that is paying you.
MICROS TRADER BASICS
The Battle Plan Indicator
The Battle Plan Indicator is Micros Trader's proprietary TradingView indicator that plots Battle Plan levels directly on the chart with tick-by-tick accuracy. Members receive mobile alerts when price approaches key levels, keeping them connected to the plan throughout the trading day.
The indicator is included with both the Battle Plan membership and Full Membership. It is updated daily and reflects the exact levels George maps each evening... making it a direct extension of the Battle Plan on every member's chart.
๐ Originally published on MicrosTrader.com
Free Training · No Signup Required
⚔️ Battle Plan Boot Camp
This Battle Plan you just read… there is a free simulator where you TRADE a real week of them. The actual published plans, the actual ES candles, George’s word-for-word notes… and Boot Camp Mode coaches you bar by bar. Runs in your browser.
LIVE
SESSIONS
Share This
Follow MicrosTrader
▶ YouTubeFacebook𝕏 TwitterMediumSubstack🎧 Apple Podcasts🎧 Spotify🎧 Amazon MusicLinkedIn
Field Dispatch · Free
Get the Free Weekly SITREP
Weekly field intel for ES and MES futures traders… plus one lesson from the free Trading Library every Sunday.
DISPATCHED SUNDAYS 11:00 CT · UNSUBSCRIBE ANYTIME










Comments
Post a Comment