Last week was a very difficult week to “stay in a trade”.
One might even say it was dangerous.
ES was insistent on tapping every single tradable level multiple times! Its obsessive-compulsive behavior this week was particularly frustrating for many traders. Feel the frustration and journal it, and just know it’s the season.
This too shall change.
The return of the school year brings back normal trading conditions.
This is summer trading “at its finest”. The nature of the beast right now.
Let’s do a recap of each trading day this week.
Monday: 20+ points
Nothing was easy!
Tuesday: 70-points round trip
Wednesday: 80-points round trip
100-pointer if you held your runner from Tuesday!
Every week we seem to outline one or two of our trades that go 100+ points! One trade that goes 100 points pays for your membership fee for five months. We tend to get one of those every week.
Thursday – Not much. Price action was very challenging.
Friday
Live on Friday we outlined that Battle Plan 1️⃣ was the highest probability trade, but Battle Plan 2️⃣ offered the best risk-reward.
Had one been willing to trade after the 50-point Trump candle, Battle Plan 1️⃣ ran 50 points… Straight to the top of the range as outlined in the chart below.
A: The Bull Bear Strong Level is the line in the sand that separates buyer control from seller control. Above it, bulls have the edge. Below it, the bears take over. In this Battle Plan we lean on it at the bottom of the range near 7574… a very tricky level. When price fights back against that line, demand snappy ladder-back price action before you trust the long. Hold a runner too, because the all-time high is not far away.
What is a Strong Level in the Battle Plan?
A: A Strong Level is a price where the market has reacted hard before… a spot where buyers or sellers are likely to show up again. Sometimes it is a single number like 7,701.00. Sometimes it is a tight Strong Range like 7,678.75 to 7,674.00. These are your decision points. You wait for price to reach them, then you watch how it behaves before you act. They are locations, not guarantees.
What is the Core Strategy?
A: Core Strategy is the Full Members playbook, a separate stream of setups on top of the Battle Plan. Last week it put up 100+ points. Think of it as another disciplined way to trade the same levels, built for traders who want more coverage across the week. It runs the same process… right locations, right trades, wait for your own confirmation.
What is the ES Expected Range?
A: The Expected Range is the move the options market is pricing in for the week. For the week ending July 17, that is roughly 7,542 on the low end to 7,698 on the high end, an implied move of about 77 points or 1.02 percent. It gives you a realistic sense of how far price is likely to travel. Use it to set expectations and to spot when a level sits inside or outside that box.
How should I trade summer conditions right now?
A: Summer trading is here, so adjust. This is the nature of the beast right now… ES tapped every tradable level multiple times last week, which made staying in a trade hard and at times dangerous. Lower your expectations. Small wins are wins. Feel the frustration, journal it, and know it is the season. This too shall change when the school year returns normal conditions.
MICROS TRADER BASICS
Together We Trade Better
Together We Trade Better is the founding philosophy of Micros Trader. It is the belief that serious traders improve faster, stay more disciplined, and build real consistency when they are surrounded by people working the same system toward the same goals.
Trading alone is hard. Trading in a room full of noise is harder. Trading with a focused group of disciplined professionals who all speak the same language, follow the same process, and hold the same standards… that is what Micros Trader is built around.
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.
🟢 Come Trade With Us — Live
Every weekday morning on the ES. Here's today's lineup:
Hey! I'm Mighty Micro, your MicrosTrader support assistant. I can help with membership questions, indicator troubleshooting, Zoom access, and more. What can I help you with?