Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Room
Welcome ES MES Futures Traders
Happy belated morning! I overslept a bit this morning, but I’m feeling great and ready to trade. Today’s quote from the small book of Jude: “Keep yourselves in the love of God.” That’s such a simple yet profound instruction—keep yourselves in the love of God.
Briefing Introduction
Welcome to the AM Briefing brought to you by MicrosTrader.com, where together, we trade better. We are an ES MES Futures Trading room with a high-probability system. If you’d like to check us out, grab a Zoom pass or join us next Tuesday on YouTube live.
Tip of the Day
This week’s lesson has been about understanding who’s in control. I can’t think of a better example of this being the consistent theme each day. As the leader of this trading room, it’s something I always keep in mind when giving out levels. For instance, the key level from yesterday is still relevant today, though the date needs updating. That 9550 level will remain important. We’ll discuss it more today.
A quick personal note: Yesterday, I was in an excellent trade position, but after receiving some personal news, I decided to move my stop and take a small profit, even though I could have had 50 points by this morning. It serves as a reminder that sometimes, it’s better not to trade if you’re emotionally off-balance.
Remember, next Tuesday, I’ll be hosting a YouTube live session where you can join us and watch the trading action live. We’ll schedule it about 10 minutes before the market opens for a reminder. We’ll also be hopping on Zoom later than usual Thursday and Friday. I prefer to conserve my mental and emotional energy for actual trading and price action analysis rather than mental training towards the end of the week.
News Drivers
Today’s news driver is that it’s the day before OPEXOPEX (Option Expiration)Occurs on Fridays and is typically associated with "whipsaw" price action, lack of trend, and price pinning. It's considered a dangerous day to chase trades. Full entry →, and things could get volatile. Retail sales data will be out 30 minutes from when I’m recording this, and we’ll see if that pushes the market to new highs. I have a feeling it might.
Yesterday’s Review
Before we dive into the chart analysis, I want to share a snippet from yesterday’s AM briefing. I mentioned that the 9550 level was key, and it turned out to be crucial. Looking at yesterday’s performance, it was a wild day, but with our high-probability system, we managed to execute six trades successfully.
ES Chart – Where Are We At?
Yesterday, we had a very mechanical move to the halfback of the previous day’s range. After that, it was all upward momentum, retracing the entire “vomit” move. We touched the IB high and nearly hit an all-time highAll-Time High (ATH)The highest price ever. No resistance above here—uncharted territory. Price can run HARD at ATH. But also? Profit-taking can slam it back down. Full entry →. Keep in mind the 9550 level—don’t short above it. If you were long at the right time, there was significant profit to be made.
We’re now just five points away from hitting an all-time high. With retail sales in play, be cautious. Can’t wait to see M Traders live—stay green, my friends!
To learn more about our group, visit MicrosTrader.com.
MORE INFORMATION:
Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader
ADDITIONAL LINKS:
- MicrosTrader Website – Visit the official website for comprehensive tools, resources, and trading strategies tailored for futures day traders.
- MicrosTrader YouTube Channel – Watch educational videos and tutorials on futures day tradingDay TradingOpening and closing all positions within the same trading day. No overnight risk. You start each day flat. This is where most ES/MES traders live. Full entry → techniques and insights from the MicrosTrader team.
- Mark These Levels: ES/MES Chart Wednesday AM Briefing – A video briefing on important chart levels for the ES/MES futures market on Rumble.
- Thursday AM Briefing: Preparing for E-Mini Trading Room (10/17/2024) – A detailed Thursday morning briefing, discussing key setups and strategies for the E-Mini trading room.
- E-Mini Morning Briefing on YouTube – A video morning briefing for the E-Mini futures market, sharing insights on potential trading opportunities.
