Preparing ES Emini and MES Micros Traders To Trade In Our S&P Trading Group
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 ES Emini and MES Micros Traders 00:29 – Where are We? 00:55 – Bullish Above. Bearish Below. 01:04 – Watch Out Below 01:13 – Lots Session Highs Above Us! 02:14 – Trend Lines 03:12 – Possible Short? Not Advice! 03:27 – Day Before FOMCFOMC (Federal Open Market Committee)The Fed committee that sets monetary policy. FOMC meeting days = volatility. The 2:00 PM announcement and press conference can swing ES 100+ points. Full entry → 03:52 – Dip Your Toe Membership Welcome ES Emini and MES Micros Traders all right happy Tuesday Morning February the 20th the day before fomc minutes so what’s the most important thing on the chart tomorrow afternoon fomc so we will be trading live in the morning today and tomorrow and probably tomorrow afternoon um but today I don’t know what to expect so where are we well there’s Where are We? always a few things you’re looking at for where are we one of them is where are we based on price well based on price right now here’s the weekly High here’s the weekly low this gray area is the middle so we are literally in the middle of the weekly range not the best place to be looking for a trade we are also now in Bullish Above. Bearish Below. this bull bear Zone that I gave you last week that is still valid I think it’s bullish above bearish below but nothing Watch Out Below really changes until this Watch Out Below number so we will see what happens there and when you look up here on the Lots Session Highs Above Us! chart we got an 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 → high we got a London High we got an rth High um actually the Asia and London are very close then we got this Asia High then we got this London high so where are we in relation to sessions okay and then the next low is right down here with another strong range so if we break under the bull bear zone I’m going to be looking for shorts to Target this rth low um if we dip below this bull bear Zone and come back up um I’m going to be carefully looking possibly for Longs and uh if you’d like to be with us on on Zoom today well go to micr trader.com and click Zoom pass and pick out one of the zoom pass packages I also added a new membership level called dipy Toe and if you’re interested in that I will talk about that at the end of this Trend Lines video so now let’s look at trend lines well I had a 30- minute trend line that was here and now somewhere in here now obviously time broke it either time or distance can break a trend line and here it’s time and now we’re getting a little bit of distance too but now to me this trend line flips to here and in fact if I was wanting to be real specific this would be the primary but this is so flat it doesn’t really offer me much value I’ll probably put it on my chart just to have it there and then we depart I don’t call this the parabolic trend line yet um I still think those are both primary trend lines and then let’s throw on this daily trend line we’ve had forever and on 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 dipped below it and came back above it retested it came back above it retested it came back above it hugged it and pulled down I would love to see the Possible Short? Not Advice! market open and come back up into here I would probably end up taking that short to be honest if this thing just barreled straight up there I would probably take that short so it’ll be interesting to see what happens today it is the day Day Before FOMC before fo MC typically the morning will give us something typically the afternoon I find just boring not even worth watching save your emotional and mental equity for tomorrow which is obviously a super high risk day to trade and we will talk about that tomorrow so I look forward to trading with my Dip Your Toe Membership Traders today now if you’re interested in the new membership level here’s what happened I offered a d DIY membership for a while which gave people access to a quick start guide so let’s come in here to my core strategy course strategy explained and in this course strategy explained if you want a full DIY um solution to learn a lot of what we do I give you those links to go learn that stuff for free okay and when I started this group I decided to come out with what I called the quick start guide okay now kind of call the Legacy training guide cuz it was the first series I put together where literally with this quick start guide I would send you out to study cotton study ICT study Shadow Trader you’d come back to me and I would create videos that would Bridge a lot of these gaps summarize what I wanted you to learn from cotton summarize what I wanted you to learn from ICT summarize what I wanted you to learn from Shadow Trader and so I was putting together Gap videos with sending you out and and I offered a DIY membership that said okay you don’t want to pay for the core strategy Academy I get it you want to dip your toe in and but I still found this was not a good plan to me I was doing you a disservice and I didn’t realize it until two or three weeks into people being a member and I went this isn’t good this isn’t good but if you wanted access to the Legacy guide um you can still purchase it here but it’s not part of our membership it’s just completely separate you go off I’ve had a couple people do that and um they add it to their strategy that they already have okay so now I have a um membership here called dipy Toe just come and watch this video please but in general what I’m giving you is in the core strategy Academy at the basic level at boot camp I teach you three different levels that bounce and what I’m going to give you in the dip your toe membership is that first training you can even submit a chart and earn a badge to ensure that you’re doing this correctly because you’re not on your own I’m not just giving you some videos and saying bye-bye good luck no you get to submit your chart and I’ll grade it for you it’ll also include a zoom pass if you want so come check out this dipy toe membership because I’ve decided every person who comes through my group must go through the core strategy Academy there’s no way around it in my humble opinion and I’ve tried it every way and and I’m telling you I am doing you a disservice by not having you get the core strategy Academy as part of your membership so now dip your toe get a little bit of the training and get an idea of what we really really do and for 50 bucks it’s a no-brainer Stay Green my friends and to learn more about our group go to micr trader.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. all right I hope you had a good morning I took one trade made 10 points I went short here at 0875 somewhere right in there and went for 10 points and made 10 points if i’ have been a little more aggressive I could have made 20 but I took my 10 point as the first trade of the week and I’m done we had three eighto candles according to our core strategy system that’s when you should stop trading and that’s what I recommended to my Traders now we did watch from this so this is a top of a range we have on our chart okay for us for me that’s another strong range and we were looking for evidence of lading up here and um didn’t have a clear entry I would have went long in here had I had that we were down all the way down to a 30 second chart one minute chart um one of my Traders missed entry by a tick to go long um somewhere in this Zone here and now we came back to this bull bear Zone as you can tell that’s been a a level for sure that has been in play the whole night finally fair value gapped through it we just came back and retested it we bounced off the top of this range and bounced off this bull bear range and so I officially done for the morning I told the Traders if we got back over the bull bear Zone I’d be interested in looking for another long I was looking for Longs down here just couldn’t get in I didn’t have the right setup and I’m not just going to go long because I think it’s going to go up I only go long because I have a level that I can defend to my Traders hope you had a successful morning might be back in the afternoon talk to you later Stay Green my friends and to learn more about our group go to micr trader.com oh
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. okay so in this morning’s video we talked about these trend lines here and the main one I’m going to be talking about is this one of course we broke the daily but the main one I want to talk about is this one why because when we got on Zoom I was telling everybody the play is short or flat however we are still stuck in this bull bear Zone stuck played with it played with it came to the bottom got over it came back and bounced and then we flushed underneath it which is what typically happens in these zones it really flushes then what did price do it back tested flushed further down it got really close to my next Zone here so that was really cool now let’s look at the entries that we had today okay so I took two primary trades today I told you about this one this morning it was against a level was against vwapVolume Weighted Average Price (VWAP)The average price weighted by volume. Institutions use this to measure their execution quality. Above VWAP = bullish. Below VWAP = bearish. Full entry → um and um there was one more something there I forget but multiple confluences took that short and then in the afternoon I took that long um I sat through all of this when I came back and made nothing I tried to be long right here missed me by a tick and then it vomited all the way down went to the greediest level and bounced so that play was really nice now if you’re in my group and we were talking about the play is short or flat you may not take this trade here number one you don’t have a backup level but notice it bounced to Perfection because what are you hoping it’s going to do yes you have this line on your chart you’re hoping it bounces but why because you wanted to come up here and bounce off this and you had a really nice short assuming you’re trading during that time frame I was not I noted it when it happened but I was not trading my dom was closed and then this trade was Break Even you had this as a backup level it came back and gave you the gift of Break Even uh should not have been a loser if you added here you made money and I have no problem in you adding from the front side to the brake level then of course this long and then this short core strategy just rocked it today so thanks for trading with me I’ll see you tomorrow stay green my friends and to learn more about our group go to micr trader.com I
