Wed AM Briefing Preparing For Our Emini Trading Room 06/12/2024

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

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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. [Music] well it’s finally here my goodness DPI and PPI and FC so today is the CPI and fomc tomorrow’s PPI it’s finally here my goodness I’m ready absolutely all right today’s quote the joy of the Lord is my strength I like that one I like that one a lot might need some strength today if you decide to trade you might need some strength oh my goodness I I certainly uh pray that all my Traders um follow the rules today follow the suggestions today and dial it down all right let’s get into it guys so welcome to the a briefing brought to you by micr trader.com where together we trade better um so let’s get right into it guys so tip of the day Mark your am Mark the am levels on your chart and AD notes one of the suggestions I gave yesterday is when you watch the am briefing if I’m giving you lines saying hey this is the um intermediate bull bear Line This is the the macro bull bear line uh this is the Line in the Sand um careful with Longs below or careful with shorts above um maybe put a white line on your chart and add those notes you can even put them in a folder it’s at am briefing and that way if you wanted to reference back to what I said cuz you’re just not going to remember it most likely so if you wanted add these levels as I give them out to your chart and every now and then I throw out a bone with um a fresh strong level even if you’re not a member you get it here on the YouTube am briefing so just a little tip so news drivers nothing to say we accept members we will be live for the 7:30 a.m. M CPI candle um we’ll be live for the 1:00 FC but I won’t be here the entire afternoon I just will be here to watch that reaction um got to take daughter somewhere and uh my wife and I uh then have plans right after so um I will watch the beginning of that so we’ll probably relaunch Zoom for the announcement then of course there’s the press conference and um so somewhere around the press conference um after that I’ll be done so we will do two zooms today oh okay so yeah um so the live stream we are really good at drawing levels that bounce and we’re really good at positional trading looking at the chart like a chess board and where are the pieces on this board and how do we want to play those pieces if you were on our Zoom yesterday on our YouTube live that played out beautifully we were going short on this down move from this strong level to that strong level and then we were playing long on the way back and then I said if we get above this line which I gave out in yesterday’s briefing we’re probably going to Target that strong strong range that has already been tested um yesterday and we’re probably going to go make a new alltime high so that’s partly positional trading and partly bounce levels and that is what we really do and the positional trading it goes back to where are we at it’s critical to be able to know the answer to that question because it helps you be on the right side of the trade yesterday was long or flat all day long trading was much easier if you were going long than if you were going short all right so in the AM briefing yesterday I outlined that and so that’s why I was talking about take notes on the am briefing and Mark these major lines if I’m giving them to you and what are my thoughts it’s just one Trader’s opinion I don’t know what’s going to happen I just know positionally on the chessboard what is most likely to happen if price gets to this area so that was from yesterday morning where I misspelled Tuesday I see that I had to go change that after I made that slide I went oops I misspell Tuesday how funny so um we are going to go to the Chart but one of the things to know for sure today is going to be trap the trader now it’s time for America’s favorite game show trap the trador Y now it’s time for everyone’s favorite categories check it out overleveraging revenge trading blowing your accounts I just love resets and f a foo and now let’s meet today’s contestants Johnny I just have to trade everyday Johnson hey Bob happy to be here Sam never saw a short I didn’t short Stevens hey and Malcolm make matters worse Montgomery who told you that and everyone’s favorite back with a fresh 10 set of accounts Rusty reset Roberts not today Bob and Freddy fomo Frederickson fomo and of course our returning Champion Patrick predict price Patterson it’s going up today [Applause] Bob remember Traders it’s all fun and games till the Market opens and until next time don’t become a victim of trap the Traer [Music] all right so that was a message from our sponsor trap the trader all right so I saw last night um somewhere on Twitter I forget who made the post so I apologize but um we’ve had CPI and fomc 13 times the last 16 years with an average move of. 7% so I thought it would be interesting to come on here and draw where is 7% up from here that’s 5.6 7% puts us at 5427 5427 and then let’s make this white and then I’m going to put a note 7% move and then let’s do it the other way look where 7% puts us about that 50 line that’s been the Battleground and 7% okay so I’m on a 30 minute chart and just to kind of recap where are we this was this range and we kept bumping it kept bumping it and we kept bumping the top of this one and then I remember this day I said if we get back into it we’re probably going to Target the top and that’s what happened on this day we’ve gotten over and we keep testing it keep testing it testing it testing it testing it testing it testing it testing it testing it making new highs first time we really tested uh price down here new high and then it tested it again didn’t quite make a new high test it again new high and where are we right now well we are still lading up making new all-time highs in the overnight session with a near breakout of this range cuz I could easily come in here and say um you know this is a range and we broke out of this so and that’s what it does it chops around chops around chops around breaks out chops around chops around chops around breaks out I mean I could easily come in here just based off what I’m seeing here you can throw on something like this here’s your chop here’s your Brak here’s your chop are we breaking 100% possible but you know what are the key levels in here if you’re looking at this well you’ve got to draw this you’ve got to draw this and you got to draw this would anyone be shocked if price if it wanted to go up the initial reaction brought it to here and it bounced nope we wouldn’t be shocked what if price went all the way down to here and bounced and went here would we be shocked nope so these are kind of key levels that you might want to pay attention to um because that’s what es does now is he going to come down here and grab this liquidity and then go up I doubt it but who knows it’ll be fun to watch so that’s all I’m going to talk about on the chart is where we’re at let’s go take a peek at everybody else for a second do we all look like we’re on the same train well three out of four of us are above yesterday’s high and we certain seem to be going that way this is not the all-time high we just keep bumping it so I just moved it I’ll probably move it to the 7.7% line up here at 27 right just to move it on up out of the way doesn’t I don’t because I have alert set on it and I’m tired of seeing them go off all right so guys I hope you stay safe and I will see my Traders live on Zoom for the 730 candle Stay Green my friends and to learn more about our group go to microstrader.com [Music]

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