Feb 14 AM Briefing
Transcript
Price Action Trading System. How To Scalp ES Emini or MES Micros Futures.
happy February 14th Happy Valentine’s to you and yours so today we return to two-sided trading yes we’re Longs or shorts are totally in Play It’s been weeks and weeks and weeks we’re truly the only play was Longs now interday we long and short in our group we only play intraday what happens here on this chart how does our core strategy give us trades and we trade that and we can long or flat even if we’re going up there’s still shorts that are available it’s up to you whether or not you would want to take those shorts but it’s been two-sided inside of our group but on the overall chart it is now two-sided which is really really great yesterday our course strategy gave you 10 trades but three to five of those had the gift of break even and I just wanted to repeat about the gift of break even that when you are presented the gift of Break Even if you have perfect strategy in our group 98% of the time you can be given the gift of break even and I encourage you to take it and also as far as the chart is concerned backup levels are critical this is for my members go to the group go to the three minute end of the day chart where I Mark all the trades there were 10 core strategy trades yesterday but one of them I made a special remark of about the backup levels and if you were live with us on Zoom or streaming in Discord yesterday um we discussed that a couple times and it is my job to guide you through the price action and keep you safe and try to point out the high probability trades you have me on your team as your captain It’s Your Ship but I’m the captain of the ship helping drive it I’m going to your destination but I’m doing it in the safest route possible so thank you for having me me on your trading team parabolic trend lines that is something I discussed yesterday morning I encourage you to go watch the video on parabolic trend lines I’m going to encourage you to go watch it again just to recap just a little bit on that here was this primary trend line then we went parabolic down when we went parabolic down I’m telling my Traders do not counter this do not counter this do not counter this and some of my Traders would say hey what about this bounce line what about that bounce line yeah it’ll probably bounce but when you are under the parabolic primary parabolic you really don’t want to be longing now the truth is is I if we would have gotten to this level here I was going to buy a call U expiring uh 7 days and it almost got here and then parabolic recovery this shows what the Bulls are in control baby the shorts ran out the door the tempo of this was so horrible they just didn’t feel like they could take it anymore and they rushed out the door and look what has happened overnight acceptanceAcceptanceAcceptance occurs when price spends time and volume at a level, signaling agreement between buyers and sellers. In Market Profile terms, acceptance means the auction is comfortable at that price and is not in a hurry to leave it. Full entry → and took out the daily High since we’re on the topic of trend lines you kind of have this little primary trend line here then we’ve pretty much went parabolic and it just tested it again and is bouncing off of it there is a primary 30 minute trend line here I encourage my members to go plot that on your chart um so what I’ve been saying for the last couple weeks about you didn’t need to be the first to short there’ll be plenty of opportunities and we take out multiple daily lows we took out five yesterday so this note won’t appear here anymore until I feel it’s uh important to bring it back trend lines we just discussed news drivers today there really aren’t any it’s the day after CPICPI (Consumer Price Index)Measures inflation. Higher than expected CPI = potential rate hikes = market volatility. These reports drop monthly and can cause 50-100 point swings in minutes. Full entry → it’s probably going to be characterized by a day arrest are running all the way back up to 5,000 so we will see over night we discussed it you got your Asia London took out Asia all of this is going north and we took out the high here so let’s talk about the strong levelsStrong LevelsProprietary weekly support and resistance levels used to identify areas for "touch and go" trades or reclaims. These levels act like magnets for price. Full entry → so what I got is I got a bull bear Zone here okay it encompasses this halfback okay the rthRTH (Regular Trading Hours)9:30 AM to 4:00 PM Eastern Time. This is when the big money is active. Higher volume, tighter spreads, more reliable price action. Full entry → halfback half the distance of yesterday’s L high low and uh half of that distance is somewhere in here so bull bear Zone we take this out this is where the Bulls have got to defend we’re coming we’re probably going to come and finally test this 49 29.75 Watch Out Below careful with Longs below and my humble opinion but right now this is a very probably the most bullish scenario there is so careful with shorts so once again just as a general guideline you’re above this parabolic trend line uh above here you want to be careful with shorts small if at all and uh we’ll see how the day develops if you’d like to join us on Zoom to see how we trade check us out at micr trader.com and maybe pick you up a one-day Zoom pass or join the group thanks for listening Stay Green my friends and to learn more about our group go a micr trader.com ah
Disclaimer & Links
DISCLAIMER: 🌍 🅻🅸🅽🅺🆂 🌍 ▶️ Core Strategy Explained: https://microstrader.com/core-strategy ▶️ Zoom Pass: https://microstrader.com/zoom/ ▶️ Leverage Matrix & Spreadsheet Download: https://microstrader.com/leverage-matrix/ ▶️ Membership Options: https://microstrader.com 📣 🆆🅷🅾 🅰🅼 🅸 Lean in and listen to me… I will be candid and frank with you. I am NO “Guru”… nor do I claim to have invented ANYTHING. I combined several techniques together, made a few tweaks and adjustments for ES.. and viola.. the Core Strategy was born! I am professional full time MES Micro Futures Trader who leads other futures traders through the price action DAILY on ZOOM. We trade our Core Strategy together, as a team.
Together we trade better! Come join us! 📋 🅾🆄🆁 🆂🆈🆂🆃🅴🅼: Micro Traders: At the very essence, we are “bounce traders”. You see… with high certainty, we know where the price will bounce. We play the bounces. Sometimes the bounces are counter-trend, and sometimes with the trend. Personally, I love “With The Trend” trades. They offer lots of juice for the squeeze. 🎳 🅼🆈 🆂🅾🆄🆁🅲🅴🆂: Our System Is A Combination of: * Cotton: His information is central. Watch every video 2-3 times! Cotton wrote “the book” – I trade it with ES/MES. I highly recommend to my traders to watch ALL of Cotton’s videos and join his Discord. Heck, join his mentorship if he still offers it. Then, IF you are interested in trading with some MES/ES traders using Cotton + Market Profile + some ICT Concepts, join our trading room. LINK TO COTTON VIDEOS: https://www.youtube.com/c/c0tt0nc4ndyTA/videos (I watched them ALL 3X plus joined his mentorship for a time) * ICT (2022 Mentorship, specifically. He is a madman!) https://www.youtube.com/c/InnerCircleTrader/videos * Market Profile (Shadowtrader, Paul Asmar from CamelBack trading, Dalton). I combined these three systems to create a complete
scalpingScalpingQuick in, quick out. Targeting small profits (5-20 points) many times per day. High win rate, tight stops, fast decisions. Full entry → strategy. Interested to join a trading group that uses this philosophy? https://www.MicrosTrader.com I am NOT a financial adviser. I do not promise ANYTHING but some education. I do not guarantee results. I don’t know you from Adam – you might be as intelligent as a sack of rocks. Or over emotional like a scared cat while trading. I have NO CLUE if you can trade successfully. ONLY YOU know if YOU are coachable. Trading IS hard, emotionally speaking. Trading in a group HELPS! I will help guide you to start smart by starting small with a high-probability system. You will paper trade first until YOU feel ready to go to the next step. RISK NOTHING while learning this system. Commodity Futures Trading
CommissionCommissionWhat you pay your broker per contract. Could be $0.50 to $2.50 per side depending on your broker and volume. Adds up fast if you're scalping. Full entry →. Futures and Options trading has large potential rewards, but also large potential risks. You must know 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 website. 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.
📚 From the Trading Library — free lessons on the concepts in this briefing
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.