AM Briefing #807 · See Money, Take Money When Every Level Gets Tapped 10 Times

AM BRIEFING

ES CHART | KEY LEVELS | SETUPS

SEE MONEY, TAKE MONEY — TODAY’S TIP

George is about sick of this price action touching every level 22 times. When the tape acts like this, it is a Scalpers Delight… a see money, take money type of session. If you get an entry, great. If you can hold a runner, even better. But be honest about the environment.

July is seasonally up, up, and away. That should make runners easy. It doesn’t. Because every level gets triple-tapped, 5X and 10X tapped, and that shakes you out before the move extends. So the other way to treat it is simple:

• Get a 10 or a 20: You’re done.
• Get a 20-pointer: You’re done.
• Take the money: Make your money and get out. Don’t sit through ten taps hoping for a runner the tape isn’t offering.

WHERE WE ARE — THE UGLY LADDER HIGHER

We are still doing this ugly, disgusting ladder up from the exact same location as last week. The single most important level was 7520… George called it the most important level, and he means it. The Bull Bear Line sits at 7513. Price keeps tapping back into the 7520 area, and we have gotten above it. We are laddering above it.

Because we are holding above 7520 and above the Bull Bear Line, that is why the long was mapped. If we stay above here, most likely we end up pressing higher… but it is going to do it in the ugliest manner. George may not be on that train unless price comes back in and taps his level when he goes live 15 minutes before the open. If it already reached the target and came back in, he will NOT chase a long… the journey would already be complete.

INDEX CHECK — Q IS THE STRONG ONE

A quick read across the indexes this morning:

• ES: Laddering up, above 7513 Bull Bear Line and above 7520. Bulls control.
• Dow: Still inside the previous day range.
• Russell: Still inside the previous day range.
• Q (Nasdaq): Really strong. A nice upward-slanting D-open with a nice extension above it.

Does bulls control mean it lasts? Not necessarily. We’re in the summer. Ten times tapping on every level just makes it difficult… and that is exactly why today’s tip is see money, take money.

OVERNIGHT — LOW ATR, LOW INTEREST

Not a whole lot happened overnight. The three-minute chart ATR is down around 2. George has ZERO interest in trading when the ATR is that low… it’s just too slow. It’s not what he wants to do, and it’s not where he wants to live. He wants larger candles.

There was really no trade there for him. Battle Plan 2 had been looking for a long on a laddering sequence with the Strong Level. Had you taken it, you could have made something out of it… but nothing exciting with the ATR that low.

THE WEEK IN REVIEW — MAPPED, TRADED, BANKED

The Battle Plan levels did their work this week. Here is how it played out:

• Monday: Looked for a long that was mapped out. Price reached toward three highs and got two of them… roughly a 20 to 30 point move.
• Tuesday: Mapped a Battle Plan short and a Battle Plan long, traded live. Took the short down, then flipped the turnaround long for Battle Plan 3. A 70-point round trip. That’s a good day and a good week.
• Wednesday: A continuation of the short. A 40-point short the day before, then a 50-point continuation short down to take profit. Had you held your lotto runner overnight from the previous day’s short, you exited around 100 points. Then price came down looking for another long… a turnaround long, but you had to be a little early. 50 points down, 30 points up… another 80-point round trip. Most of us were asleep and couldn’t participate in the overnight portion.

Yesterday was the disgusting one. Scalping 10 points here, 2 points there… minor, minor, minor. George chose to walk away, took his wife shopping, grabbed lunch, and glanced at the chart on his phone. Pappy grabbed a very nice Core Strategy trade off it. Price didn’t grab the Overnight Low… which George thought was a farce, but the rules don’t have to. They do that little fake-out, people start shorting, then they have to run out the door. Those are beautiful trades.

THE PRE-FLIGHT — ARE YOU CLEARED FOR TAKEOFF?

We haven’t done this all week, so George ran the full pre-flight. The AM Briefing forces this preflight… that’s one of the things he likes about it. Before you risk a dollar, answer honestly:

• Are you emotionally and physically ready? Did you sleep well? Did you get up really early? Are you hydrated?
• Are you in the right location? Or are you at a hotel room, the airport, or the doctor’s office trying to squeeze it in?
• Do you have time to trade and MANAGE the trade? Trading requires the best you. You cannot squeeze in trading… been there, done that, got the t-shirt.
• Have you reviewed the Battle Plan? Have you checked the economic calendar?
• Do you have a written trade plan?
• Are you prepared for a max loss day? One prop firm trader lost $120,000 across his accounts yesterday. It happens. Be prepared.
• Will you trade your system, and not your opinion?

Answer yes, and you are cleared for takeoff.

NEW: THE SITREP REPORT + BATTLE PLAN BOOT CAMP

Something brand new. George is changing how he does the Battle Plan trial. Welcome to the SITREP report. SITREP is military shorthand for Situation Report… a concise update from the field. It’s just an email you sign up for, and it delivers three things:

• Battle Plan Boot Camp: Instead of a 7-day trial where people just get the indicators, George will get whoever signs up onto Zoom and walk them through how to trade the Battle Plan. A real on-ramp onto the system.
• Preferred trade of the week: When George has one, it goes in the SITREP. Some weeks there are none, some weeks one, rarely two.
• Hard-earned lessons from the trenches.

Interested? Go to MicrosTrader.com, hit the SITREP report, and sign up.

COMMON QUESTIONS FOR ES FUTURES TRADERS

What does “see money, take money” mean in ES futures trading?

A: It means when the tape is choppy and every level is getting tapped repeatedly, you take the profit the market hands you instead of holding for a runner. Get a 10 or a 20-point scalp and get out. It’s a scalp-first posture used when conditions won’t support a held position.

Why is it hard to hold a runner when a level gets tapped 10 times?

A: Every time price re-taps a level it shakes out positions before the move can extend. When a level gets triple-tapped, 5X and 10X tapped, your runner gets stopped or scared out before it pays. In that environment scalping the see money, take money way is the higher-probability play.

What is the ES futures Bull Bear Line?

A: The Bull Bear Line is the key level dividing bullish and bearish bias. In this session it sits at 7513. As long as price holds above it, bulls control. Losing it would flip the read.

Why does George avoid trading when the ATR is low?

A: ATR measures the average range of the candles. With the three-minute ATR down around 2, the candles are too slow and too small to manage a trade profitably. Low ATR is a reason to Stand Down rather than force a trade that isn’t there.

What is a lotto runner and how did it pay this week?

A: A lotto runner is a speculative, low-probability extended runner you hold beyond your core targets. Held overnight from Tuesday’s short, the runner reached roughly 100 points before exit… far more than the scalp portion captured, though most traders were asleep for it.

What is the pre-flight checklist for ES futures traders?

A: It’s a readiness check run before you trade: Are you rested, hydrated, and in the right location? Do you have time to manage the trade? Have you reviewed the Battle Plan and the economic calendar? Do you have a written trade plan? Are you prepared for a max loss day? And will you trade your system, not your opinion? Answer yes and you’re cleared for takeoff.

Why should traders prepare for a max loss day?

A: Because they happen, even to professionals… one prop firm trader lost $120,000 across his accounts in a single session. Accepting a max loss day is possible before you sit down keeps you emotionally ready and prevents a normal drawdown from breaking your discipline.

What is the SITREP report from MicrosTrader?

A: SITREP is military shorthand for Situation Report. It’s a free email you sign up for that delivers three things: access to the Battle Plan Boot Camp where George walks you through trading the Battle Plan live on Zoom, a preferred trade of the week when there is one, and hard-earned lessons from the trenches. Sign up at MicrosTrader.com.

What is a Core Strategy trade around the Overnight Low?

A: It’s a setup where price fakes out a key level like the Overnight Low, triggers traders into shorting, then reverses and forces them to run out the door. The rules don’t have to grab the level cleanly, and that fake-out reversal produces beautiful Core Strategy entries.

📅 Upcoming This Week

Hit the bell — every AM Briefing and live trading session this week is already scheduled on YouTube:

• Friday, Fri Jul 10: AM Briefing · Live Stream