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

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.

“Good morning everybody. Wednesday, June 26th. I don’t know about you, but I’m ready to trade. I was up early this morning to try to trade some of the London session. Missed me by a tick and went 10 points. Like, are you kidding me? Oh well, there’s another high probability trade around the corner. So, today’s quote: ‘For I know the plans I have for you,’ declares the Lord, ‘plans to prosper you and not to harm you, plans to give you hope and a future.’ Boy, that is a beautiful promise, and I will certainly take that with me today.

Man, overnight session had quite a move. All right, let’s get into it. Gentlemen, let’s get into it. So, welcome to the AM briefing brought to you by MicroTrader.com, where together we trade better. AM briefing number 26, let’s get into it.

So, the news drivers today: new home sales. Remember, this week is the end of the month, end of the quarter. Things can get squirrely as we get closer to this PCE on Friday. And looking forward, next week, well, July 4th on Thursday, half day on Wednesday, so Wednesday’s not tradable. Thursday, the market’s closed. Friday is nonfarm payroll, so you have a beautiful Wednesday, Thursday, Friday off. If you’re thinking of joining my group, you have a beautiful 5 days there to hit boot camp and earn your badges for that Wednesday, Thursday, Friday, Saturday, and Sunday. You got 5 days; it’s unbelievable. You could probably knock out boot camp. You won’t get through flight school, but you can knock out boot camp and get those first three bounce levels learned, mark your levels, I’ll grade your chart, make sure you’re marking your levels correctly so your levels match my levels.

Tip of the day: Careful shorting right where the Bulls need to defend, which requires you to know where the high time frame structures are. We’ve covered it the last two days in the AM briefings, and of course live on Zoom. And that’s one reason trading together is always better because I can see things you may not be seeing, and vice versa. So, yesterday was YouTube live. Top chart there is what I did during the actual live. The bottom left image is a short I took later in the day, which I’ll show you here in a minute. The bottom right’s another short I took at the end of the day. I’ll show you that. See, yesterday was characterized by lack of follow through, and as long as you were trading the edges, yesterday was easy. It was easy. I wish every day was like that.

So, this purple rectangle is what we traded live on YouTube, and that’s where I created those results you see on the top image there. Then the pink, I made a 10-point long, and then the green was one of the shorts I showed you, and the yellow was that 38 short. Then I had one more short setting at 40, if I remember, but it missed me by a tick. So, I was up really nice. I was willing to give it one more little go around, and it is what it is. There’s another high probability trade around the corner.

So, for my members, James, we’re going to do your one-on-one at 9:00 Eastern, which is 8:00 our time, and then I’m going to do a group Zoom, okay? Where we’re going to get on Zoom and we’re going to go through all the trades that existed this week and update our metrics. I usually do that by myself, but this weekend I said let’s see if everybody wants to get on Zoom Saturday morning, and we go over all the trades and get them marked in our metrics. And if there’s enough energy and enough time, I’ll do the high time frame chart markings. If I’m kind of tapped out, I’ll record that another time over the weekend and get that out to you because together we truly trade better and never trade alone.

Seasonality, well, we’ll see how this works out as we’re rounding out the week here going into July next week. We shall see what happens. So, let’s get to the chart. So here is, I think, the most important view. Here’s that major trend line that we’re taking out by time, not necessarily by vertical distance. So I keep it on my chart. We have for this entire range here, all of these sessions, I think there’s 11—one, two, three, four, five, six, seven, eight, nine, yeah, about 11, 12 sessions in this area here. We have a multi-session POC, and that’s what I put here at 3150. For all of these sessions, value area high is here, value area low is here. We get back under value area high, high odds we’re going to make it back to the multi-session POC. And as far as the RTH levels that are important, I think right here, this 2526, it’s where the RTH halfback and the POC are residing. They need to be on your chart. This 5510 level that we’ve been talking about, man, I was at lunch with my wife, actually, and was not able to participate in this long here, but I got back, and I was able to participate in that, like I said, that was a 10-pointer there. It was absolutely beautiful. Let’s go to a three-minute chart for a second. So in the morning Zoom, I told the group when we opened up, I said if we hit this 36, I was going to take the 36 short. Well, I was actually long, coming into the 36. I almost reversed my trade. I’m like, ‘Don’t get fancy, don’t get fancy. You’re okay. Take your 10-pointer, reset.’ And then got into this 34 short and this 38 short. And I’ll take those. The play was probably still looking for a long, but POC was down here, and what was yesterday characterized by? Lack of follow through. And so I was playing the lack of follow-through trade, and that worked out very well. If I took a loss, oh well, losses happen. So in this move up here, I tried to be short, 49 to 50, somewhere in here. I forgot exactly where. Tried to get short on this candle here and actually didn’t get me. Then I tried to be long, actually right here, and literally missed me by a tick. Made it, went up three points, and then I’m like, ‘I’m out. I’ll just watch. I need to get ready for my AM briefing.’ And there was no real clean entries there. Oh well, sometimes there just isn’t a clean entry, and I’m not going to jump on the train. I can’t just go short here. Yeah, it could hit this and come to this multi-session POC, that’s probably what’s going to happen, but I can’t just go short here. That doesn’t work long term; it’s not a winning strategy. I don’t play that game.

So, let’s go take a peek at everybody else real quick. Where’s everybody else? Lower distribution, lower distribution above, above. So are we all on the same train? Choo choo choo? No, we’re not. So I can’t wait to trade with my traders live, and I hope you have a profitable day, and I will see you guys later. Stay green, my friends. And to learn more about our group, go to MicrosTrader.com.”