Preparing ES Emini and MES Micros Traders
To Trade In Our S&P Trading Room

Transcript

Price Action Bounce Trading System. How To Scalp ES Emini or MES Micros Futures.

Helping Futures Traders Via Our Core Strategy Academy Training Program and Futures Trading Group – The Best Emini Group IMHO.

Table of Contents:
00:00 – Welcome To The Best Emini Trading Room
00:45 – Yesterday Review
02:36 – Friday Rules
03:12 – Daily Trend Line
03:19 – Single Prints
03:58 – News Drivers
04:38 – New Strong Levels

Welcome To The Best Emini Trading Room
e mini and Mees micros
Traders so Friday Friday after a monster
move so we’re going to talk about all of
that so monster move in total 148 point
is move the overnight mov to 100 points
that is 5X the normal overnight range
and then we had another 50 plus move
during rth with zero retracement and all
honesty and now the overnight is having
acceptance after this monster move
Yesterday Review
up so two things about yesterday short
squeeze warning was given to you and the
tip of the day in the morning was don’t
short a short squeeze yes there are
places you can short I did short
yesterday I had a monster wonderful day
but in general you want to be with the
trend like Jackie in the morning we were
just doing this chop stuff and then we
talked about where the ideal long was
and where is the highrisk long well
after the quit time he got the ideal
long setup he took that and had a nice
30 pointer and he had the easy day he
just literally rode all the way up to
the top until it was time to get out
according to our core strategy and did
very well if a person spent the whole
day trying to short that they had a very
difficult
day very difficult day I had two trades
in the morning I actually took this
short and then I took um I think one of
these blue lines here I took that with
that short as well and did very very
well then in the afternoon I came back
and when once we were showing signs of
breaking down according to our core
strategy I took a couple small shorts
didn’t really make a whole lot now
yesterday morning I post posted this
short um I I was in it and I went well
let me record it and I if you remember
in that video I said okay I felt like I
got a 100 bucks to play with for the
rest of the day I ended up giving none
of it back so um that’s
wonderful so today’s tip is going to be
you will know when things change you
will know when things change I feel like
we just said that three or four days ago
and things changed you don’t have to be
the first to short this move if anything
we just had a monster 150 Point move and
now we’re experiencing
consolidation it could do that all day
long so Friday rules are in full
Friday Rules
force do not give back your week do not
give back your week if you normally
trade with $500 as a daily stop
limit maybe do
half if you have a really nice week take
a percentage of your Weekly Winnings and
only allow that to be your maximum lost
today no matter what go into the weekend
a winner if for some reason let’s say
you’re just up tiny for the week today
is a good day not to trade it’s okay the
casino is open on Monday let’s just look
Daily Trend Line
at the daily trend line here as you can
tell we are back above it so very
interesting let’s look at the single
Single Prints
prints now yesterday left three sets of
single prints what does three sets of
single prints tell
us
irrational exuberance is what that tells
us irrational exuberance here’s those
three levels
9125 87 50 and
8275 those are the levels that should be
tested during some rth session so have
those on your chart once again those are
signpost to irrational
exuberance and we certainly got
that okay news drivers today
News Drivers
NADA but what do we have next week
sometimes the market just waits for the
information that’s going to occur next
week well next week our big ones
are core pce and and prelim GDP quarter
over quarter so the prelim GDP is
annualized change in the value of goods
and services produced by the economy and
on Thursday we have pce pce is the
change in the price of goods and
services purchased by consumers
excluding food and energy sounds like
we’ve got some inflation data coming our
Direction next
New Strong Levels
week okay so the levels I want to share
with you this morning is what I’m going
to call the bull bear line the warning
shot to Bulls so down here at 50
6575 to
6325 is a little bit of a of a zone I’m
going to consider that the warning shot
to Bulls below there we could see a move
come here and touch it and goes up no
big deal um I think it’s kind of Longs
above perhaps shorts below perhaps the
other level you want to make sure is on
your chart is yesterday’s halfback here
at this
5080 make sure that’s on your chart
because that would be the first pit
stop that has to be gone through to even
get to the warning shot and of course
along that way what do you have you have
the single prints so these are wonderful
things to have on your chart these are
kind of um yard post do we take back all
the sets of single prints do we take
back the irrational exuberance what do
we do at halfback what do we do here so
these are kind of the major touch points
single prints are not really bounce
levels to me they can be because on a
lower time frame that might represent a
bounce level that’s worthy of knowing
okay so if you’re looking for an e- mini
trading room check us out at micr
trader.com Stay Green my friends and to
learn more about our group go to microstrader.com

Transcript

Price Action Bounce Trading System. How To Scalp ES Emini or MES Micros Futures.

Helping Futures Traders Via Our Core Strategy Academy Training Program and Futures Trading Group – The Best Emini Group IMHO.

few trades and this was my results I did
this in two accounts so nice day my last
trade was this short I shorted at about
21 175 actually exactly 2175 and I
captured um 10-point move had I been a
little more patient but it was at my
quitting time so I just took my 10
points it was also counter so I took my
10 points and we were also coming up
against some high time frame levels now
I could have squeaked out a little bit
more with a little more waiting and
behind my quit time but it is okay
there’s nothing wrong in capturing a
10-pointer and being happy about that so
n at 21 175 out at
1175 a very nice morning I hope you
stayed safe and if you’re interested in
looking at a well- behaved well- ran
well-managed well taught in my humble
opinion es mini Trading Group or an Mees
micros group check us out at micr
trader.com Stay Green my friends and to
learn more about our group go to micrtrader.com