Friday MES Micros Trading AM Briefing

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

Welcome to MES Micros Traders

And they’re off! I’m surprised we opened above the strong level.

First RTH Trade (10 Pointer)

Goodness! If you wanted to take a little short at the VWAP, because it’s kind of taking this liquidity right here—if it gets there on a one-minute chart—it might be worth a small speculative play. VWAP is right above that, and your stop-out could be just above the overnight halfback, in my opinion.

I wouldn’t say it’s countertrend. With a big gap down like this, you often get an inventory adjustment. Let’s see what the price does around the 103–105 area. If I were long, I would be taking profits right there.

My stop is now set at one tick to protect the position. Let’s see if we can get a bit of a move here. I’m going to go ahead and capture one point—that locks in commissions for sure. If it takes me out, so be it. This trade was only worth one contract to me. I didn’t feel it was worth scaling into multiple contracts. I don’t care about having a financed runner in a setup like this.

Price was barreling straight at us. It was just an interesting spot to try a speculative short. If it doesn’t work, no problem. Just because you get a reaction doesn’t mean you’re going to get a reversal.

At this point, I’m going to go ahead and lock in five points.

That’s what we do—we talked about going long here, short there. You just wait for your trade.

And there’s a 10-pointer! I think I’m going to go ahead and lock my 10-pointer.

Defending the Big Level

Well, we made it down to the big level, and it seems like the bulls are defending it so far. If we get back under the opening, that changes things. To me, the opening is the line in the sand. It’s a warning shot to the bulls here. We’ll see what happens next.

Missed Opportunity and Adjustment

Oh, it didn’t get me into the opening trade. I’m moving my order—it got close.

Back to the drawing board.

Actually, I had my long at 85. It got within a tick of triggering. I was planning to front-run it by a point. Had a nice morning, so I have a little bit of cushion to work with. Still, back to the drawing board.

Second RTH Trade

There we go—come on! This is what we need, just one little pop like this.

There we go. Now let’s see what happens. I’m very curious. We’re almost to the halfback level—almost, almost.

I added a little bit more at 14, but it didn’t quite get there. What I’m going to do here is set those two contracts on trailing stops and just let them go. Sometimes these moves happen so fast.

Let’s lock in commissions. If it gets down here to 01, I want it to get me out. Come on, 01—so I can lock in 10 points on this trade.

Let’s see what happens. Push down. Push down!

If it takes me out of those two, oh well. I was hoping it would get me out at 10 points on one contract, then I could move the stop to minus 10 points on the runner.

Risk and Market Control

Just because the bears are in control—if the bulls were in control, there’s no way I’d be doing this. But with the bears controlling right now, it was worth the bigger-picture play.

I was hoping to get one out at 10 points and then move my lotto runner to minus 10 points. Didn’t quite get there. Since bears are in control, I was willing to take that risk.

More Information

Website: https://MicrosTrader.com

YouTube: https://www.youtube.com/@microstrader

Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/

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.