Mon AM Briefing Preparing For Our Emini Trading Room 11/18/2024
Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Room
Welcome ES MES Futures Traders
Good Morning, Traders!
Happy Monday, November 18th! Today, we kick off the week with a “no-news Monday,” marking the start of what should be a normal trading week. However, keep an eye on NVIDIA’s earnings announcement on Wednesday—it could be the biggest market-moving event for the rest of the year.
Today’s Verse:
“I will praise God’s name in song and glorify Him with thanksgiving.”
Continuing with our theme of thankfulness this month, this verse reminds us to focus on gratitude as we approach the end of the year.
AM Briefing Overview
Welcome to the AM briefing, brought to you by MicrosTrader.com. In our ES MES Futures Trading Room, we’re focused on learning to trade 1 to 3 MES contracts effectively, teaching strategies that can potentially transform your trading life by mastering impulse control.
Key Reminders:
- Playlist & Timestamps: The AM briefings are available in a playlist with timestamps for easy navigation.
- Earn Your Badges: Membership includes feedback on your charts to ensure accurate level plotting—a unique offering not found elsewhere.
- Foundations Course: Explore our free foundations course at MicrosTrader.com.
Key Updates
- Strong Levels Updated: Strong levels were updated last night for 11/18. Ensure your charts reflect these road signs to stay informed about price action.
- Weekend Update Video: A detailed video covering Friday’s trading and ES levels is available. Feedback is welcome to improve future content.
- Daily Tip: Evaluate market control (bulls or bears) and size your trades accordingly. Aligning with the trend warrants normal sizing, while counter-trend trades should use minimal leverage.
News Drivers
- No Major News Expected: Markets may remain steady this week unless geopolitical events disrupt trends.
- Geopolitical Concerns: Updates on Ukraine, including U.S.-authorized missile use, could introduce volatility. Stay alert for random tweets or political developments impacting markets.
Trading Strategy
Santa Claus Rally?
Market trends point to a strong year-end, often referred to as the “Santa Claus Rally.” Regardless of predictions, stick to trading levels and core strategies, which have consistently proven effective.
ES Chart Overview:
Recent updates show:
- Bears are in control after two days of strong selling. A short-covering rally could emerge, but timing remains uncertain.
- Lower distribution levels and VWAP positioning suggest a cautious approach. Align trade sizes with prevailing trends for optimal results.
Group Focus:
Our group emphasizes watching all four indices move in unison to confirm strength in bulls or bears. This alignment enhances the confidence of trade setups and position sizing.
Resources
- Free Foundations Course: Gain access to a free course for beginners, including bonus content for registered members.
- Live Trading: Join us live 30 minutes before the market opens for mental training and strategy reminders.
Closing Thoughts
Stay disciplined and stick to your levels. Trading is about preparation and patience. If you haven’t already, explore our resources and courses to enhance your trading journey. Let’s make it a green trading week!
MORE INFORMATION:
Summary:
- ✅ Focus on Thanksgiving: Gratitude is emphasized in daily verses to keep a positive trading mindset.
- ✅ Market Control Matters: Trade sizes should align with market trends—bullish or bearish.
- ✅ Updated Levels: Ensure your charts reflect updated strong levels to follow the market’s roadmap.
- ✅ Geopolitical Risks: Stay vigilant about geopolitical developments that may disrupt the market.
- ✅ Education & Community: Utilize resources like the free foundations course and live trading sessions to enhance skills.
Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Testimonials Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
Risks Associated With Trading
IMPORTANT DISCLAIMER
By continuing with the Core Strategy Academy, Discord, and Zoom you also acknowledge and accept the following information:
The material in this course is general in nature. It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual's risk profile or financial situation.
The author of this course content is not legally qualified to give personal investment or trading advice.
Although the author is an experienced and consistently profitable trader and the information offered within this course is given with the best intentions and made to be as accurate as possible, the author has no idea what your financial situation is and everyone has a different tolerance for risk and different investment goals.
The purpose of this course is to teach you how use technical analysis to assist in your trading, it is not intended to teach you how to trade even though many lessons do share practical techniques based on real-life trading experience.
The lessons in this course are provided as hypothetical trading examples, not necessarily ones that are profitable or robust. While the creator of these lessons has used some of these techniques to generate profits in the past, it is not guaranteed that you will experience the same results and past performance is not indicative of future performance.
Trading involves the risk of loss as well as the potential of profit. It is generally advised by successful traders to never risk more money than you can afford and are willing to lose - both on a trade-by-trade basis, and a portfolio basis.
You should seek independent financial advice from a qualified professional in deciding if trading is appropriate for you. Please also consider the appropriateness of that professional advice in light of your own objectives, financial situation or needs.
ALL MATERIAL HAS BEEN PREPARED BASED ON INFORMATION BELIEVED TO BE ACCURATE AT THE TIME OF PUBLICATION. SUBSEQUENT CHANGES IN CIRCUMSTANCES AND THE MARKET MAY OCCUR AT ANY TIME AND MAY IMPACT THE ACCURACY OF THIS INFORMATION.
PAST RESULTS ARE NOT INDICATIVE OF FUTURE PERFORMANCE.
Information containing hypothetical or simulated results has limitations and may not represent actual trading. Since the trades presented in simulated backtests have not actually been executed in the market, the results may under or over-compensate for the impact (if any) of certain market factors, such as lack of liquidity, large spreads, slippage, commission costs etc.
NO REPRESENTATION IS MADE THAT ANY TRADING STRATEGY WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN HYPOTHETICAL BACKTESTING RESULTS.
You should carefully consider your objectives, financial situation, needs, psychological and emotional fortitude, and any other relevant personal circumstances when determining whether or not trading is suitable for you. Trading is not for everyone, and for some there are much easier ways to make money from a side-hustle or career more suited to their personality and situation.
Trading is exceptionally difficult to succeed at, with a remarkably high failure rate. So please do your own due diligence to protect yourself and your capital from unnecessary losses and damage. Seek advice from a qualified professional (such as a financial advisor) if you feel uncertain about your decision to begin trading.
THE RISK OF LOSS IN TRADING SECURITIES IS LIMITED TO THE AMOUNT INVESTED. HOWEVER, THE RISK OF LOSS IN TRADING DERIVATIVES (SUCH AS FUTURES, CFDS, FOREX ETC) MAY NOT BE LIMITED. THIS MEANS YOU MAY LOSE MORE THAN YOUR ACCOUNT BALANCE OR THE AMOUNT REQUIRED TO HOLD AND CONTROL THE PARTICULAR DERIVATIVE, ESPECIALLY WHEN EMPLOYING LEVERAGE.
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINED IN FUTURES, OPTIONS, FOREX AND CONTRACTS FOR DIFFERENCE CAN WORK AGAINST YOU AS WELL AS FOR YOU. IN OTHER WORDS, THE USE OF LEVERAGE IS A TOOL THAT CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS. WHEN USED PROPERLY THIS CAN BE AN ADVANTAGE, BUT WHEN USED IMPROPERLY AND CARELESSLY IT CAN RESULT IN CATASTROPHIC LOSSES - OFTEN RAPIDLY.
This brief statement cannot disclose all the risks and other significant aspects of securities and derivatives markets. It also does not cover the many risks inherent in cryptocurrency trading - such as lack of regulation, potential liquidity issues, high volatility and various third-party risks. It is YOUR responsibility to research and decide whether or not to accept the risks involved in the particular market or asset you choose to trade or invest in.
IT IS YOUR RESPONSIBILITY TO CONSULT YOUR FINANCIAL ADVISOR TO DETERMINE WHETHER TRADING IN SECURITIES, CRYPTOCURRENCIES OR DERIVITIVES PRODUCTS IS APPROPRIATE FOR YOU IN LIGHT OF YOUR OWN FINANCIAL CIRCUMSTANCES.
Good luck with your wealth creation journey, and please take this information seriously. The graveyard of failed traders is large and ever-growing, and that is largely due to these warnings being ignored and the many dangers of trading not being respected.