I peeled two contracts off a few points before the Strong Level. My Lotto Runner got trailed out.
Then price bounced hard off that Strong Level. Talk about a fantastic bounce.
That is exactly why I encourage you to peel contracts off as you arrive at the next Strong Level. Take Profit just before the Strong Level bounce.
25-points per contract is nothing to sneeze at.
That is what our ES Trading System does. It keeps us hunting great trades at the right locations… session after session. Keep doing that, and the odds keep shining in our favor.
Wickedly Wicked ES Wicks
As warned before the opening, ES was jerky… wicks out of nowhere, then nowhere to go.
Add Trump at the UN and there was hardly anything to trade.
I took Battle Plan 1️⃣ short again anyway. Small green RTH. Then a wicked wick took my lotto runner… and price ran 15-points in my favor right after. Without me.
Oh well. I closed my platform and called it good. Battle Plan 1️⃣’s short paid 40+ points overnight plus RTH. That is a good day.
Afternoon ES Trading
Atrocious.
Dead.
The ATR on a three minute chart was a smidgen above 2.0 – not tradable IMHO.
You can’t scalp what won’t move.
Add into the pot… a mixed 4-pack.
All the while the bulls were unrelenting… showing absolute resilience. Price barely saw the light of day under the overnight half-back.
There are easier days to trade.
Tip of the Day
You Didn’t Draw It? You Can’t Trade It:
Set that rule in stone. Only pre-planned trades get your money.
The market will tempt you with beautiful movers all day… let the unplanned ones run without you.
Look how puny those numbers are. The low ATR and sluggish price action are your first indicators that follow through will be difficult.
ECONOMIC CALENDAR
WEDNESDAY
9:45 AMFlash Manufacturing PMI
Flash Services PMI
10:05 AM🎤 FOMC Member Barr Speaks
THURSDAY
8:30 AMUnemployment Claims
🎤 FOMC Member Barkin Speaks
8:50 AM🎤 FOMC Member Hammack Speaks
10:00 AMNew Home Sales
10:10 AM🎤 FOMC Member Paulson Speaks
TOMORROW’S ES KEY LEVELS AND TRADE IDEAS
Tonight’s Battle Plan maps the ES key levels for tomorrow’s session… the bounce zones and the trade ideas that go with them. Members read the full plan below.
A: A Strong Level is a price on the ES chart where price has reacted hard before… and is likely to react again. We mark them ahead of the session and hunt trades at those locations. When you are in a trade and price is arriving at the next Strong Level, peel contracts off. Take Profit just before the bounce. In this Battle Plan, the short paid 25 points per contract because profit was taken right before the Strong Level bounce.
What is the Core Strategy?
A: The Core Strategy is the intraday scalping method taught to Full Members. It trades specific price action patterns at the levels on the price map… things like a BS short, an FS long, and Fair Value Gap longs. Core Strategy points are tracked separately from Battle Plan points on the weekly Scoreboard. This session it scored 30 plus points in small pieces, and those puny numbers were the tell. Low ATR and sluggish price action mean follow through will be difficult.
What is a Lotto Runner and why peel contracts off?
A: A Lotto Runner is the last contract you keep after taking profit on the rest. You trail its stop and let it run for a bigger move… if the market gives it. Peeling contracts off means scaling out as price arrives at a Strong Level so you bank gains before a reversal. In this session the runner got trailed out, then a wicked wick took a second runner right before price ran 15 points in the right direction. That is the trade off. You lock in the sure thing and accept that the runner sometimes gets clipped.
A: The Bull Bear Line is the level that separates bullish control from bearish control on the price map. Above it, the bulls are in charge. Below it, the bears take over. In this Battle Plan it sits at the bottom of the range and is marked as a long idea… the spot where buyers are expected to step in and defend. It is the preferred Way Down Yonder long if price ever gets that far.
What does the Tip of the Day mean by You Didn’t Draw It? You Can’t Trade It?
A: It means only pre-planned trades get your money. Set that rule in stone. Before the session you draw your levels and your setups on the chart. During the session you trade only those. The market will tempt you with beautiful movers all day… let the unplanned ones run without you. This is how you avoid chasing on days like this one, where wicks came out of nowhere and the afternoon ATR was barely above 2.0 on a three minute chart. You can’t scalp what won’t move.
MICROS TRADER BASICS
Try Micros Trader for Free
Every Monday, the Battle Plan is free. It’s unlocked. Every week you can get a glimpse into what we do. Tuesday, the full AM Zoom session is on YouTube… just like you’re a full member.
A lot of people will do the Monday Battle Plan and the Tuesday live trading for a few weeks and say… I have got to know what these guys know. The Foundations Course is also completely free. No credit card required.
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.
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.
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