Thursday AM Briefing Emini Trading Room

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

📚 From the Trading Library — free lessons on the concepts in this briefing

▶️ The Paper Cut Stop Loss: Trading with Tight Stops▶️ Green Over Greed Stop Trading When Profitable▶️ Bounce Trading: How to Trade Bounces Off Key Levels in ES Futures

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. all right good morning Traders so I have a couple primary goals for the traders in my e- mini trading room and that is one keep them safe helping them know when to trade when not to trade trade location and just stay unprofitable so in yesterday’s am. briefing February 21st right now it’s unlisted that’s because I’ve removed it from my channel but if you go to my website micr trader.com and click daily videos you can see the archive of that yesterday February 21st um so part of my job is to keep you safe and yesterday at this 5 minute and 10sec Mark I said so what’s the biggest risk today the biggest risk today in my opinion is we get over this level here so that would get us over the trend line over this level and back attacking this bull Bear area we get above this I think the short squeeze is on so that is part of me helping you plan your day and then in my group I get more specific of where do I think these things are going to occur so before the fomc minutes this was my prediction and we did bounce off of there really nice now I did make one mistake yesterday and um I’ve got to be a little more mindful of it I was profitable I was I had a 100% day I just didn’t make as much as that I should have and my big mistake yesterday was in my strong range I’m going to turn on my strong ranges in my strong range down here I was trying to go long a Futures Contract at the bottom of my range expecting this to happen what I should have done is done an option play instead of trying to be long Futures here I should have done even just a on DTE call and that was a mistake we were in a critical spot where price was most likely going to bounce and squeeze and now we’ve had 100 Point squeeze since then what would that 1 DT option be worth today my goodness that was a mistake so no big deal um I’ve got to just be more mindful you know I’m running Zoom I’m trading there’s a lot I’m trying to do and um that was a mistake and then we came to this strong range that we kept on the chart then we had this strong range and then I had this note careful with shorts above we got over it we retested this level and and the move is still on we are nine points away from the all-time high there nine points that is really really something so let’s um so you can see that just zoomed in there nine points away not bad now what do you notice here there’s our daily trend line we’re back back again will we bounce off of it and continue our our move South I am certainly watching for a breakdown here I have no clue if we’ll get it um but I will be mindful of this where is everybody else at I think this is a really good thing to always look at where is everybody else at so I’m going to bring this in we’re well first of all righty is nowhere near it’s alltime high how far is d okay within sight within sight and we are within sight so this is es NQ and DOW all right so now as far as the strong levels are concerned I’m not going to do anything with them guys I feel like I need a little it’s going to require a little more thinking a little more time so if you’re in my group just turn off the strong indicator let’s trade the levels as they are presented today’s tip don’t short of short squeeze don’t try to pick where is Price going to turn around now there’s obvious places where price has turned around do you want to trade them I wouldn’t it’s a good trade to take off of your trade plan no one’s trade plan says when we start squeezing I’m going to pick the critical points where I can short no now if you do it I tell my Traders you can do anything any trade you want just do it the smallest Leverage possible with a paper cut stop loss it’s okay you could take this short here there’s a level that this bounced off of this es performs nearly perfectly you know just to show you these strong ranges these are a combination of a number of factors but you can see here’s the hesitation the don’t short above and then we go straight up here’s the bounce off this range here’s the bounce off this range ES performs beautifully to be a bounce Trader and that’s what we are we are bounce Traders we draw lines where prices probably going to bounce and we make our play in futures or options based upon the chart we are so close to this all-time high do you really want to be shorting here we’re definitely above my don’t short above this line until we start seeing it break things to the South monster Gap up today is going to be a tricky day this has completely just reset the chart um we weren’t overly short in my opinion here but this was a highly visible line that we were going to bounce off of and now we’ve springboarded all the way back to the near the all-time high um so today will be interesting what’s one of the trickiest days to trade the day after a big move we just had 100 points Point squeeze my goodness I don’t have any 30 minute trend lines it’s on my chart because I watch it if I was to have a trend line here I mean how do you draw that that’ stay out of the way anything more than 45 degrees is really stand out of the way so for me it’s going to be stand out of the way I’m going to let things develop we have multiple news drivers today an hour before the market unemployment 15 minutes after we open some PMI and a half hour after we open some home sales so we do have some news drivers today overnight uh Skyrocket stay out of the way strong levels I’m not going to indicate them if you’re going to worry about strong levels worry about your session lows session lows okay until we start breaking things the play is longer flat but do you really want to go long after a 100 Point squeeze I don’t do you really want want to go long or short when you’re nine points from the all-time high I don’t so it’s a little more wait and see for me today and we will trade our levels as they develop if you’re interested in finding an e- mini trading room that helps keep you safe it help keeps you profitable and is very cognizant of trend and trade location check us out at micr trader.com Stay Green my friends and to learn more about our group go to micr trader.com

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