Wed AM Briefing Preparing For Our Emini Trading Room 09/11/2024

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

▶️ Never Trade Alone Futures Trading Community

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. Welcome ES MES Futures Traders, Good morning, traders! Happy CPI day. Today’s verse could relate to today: “For the gate is small and the way is narrow that leads to life, and there are few who find it.” Are you going to trade big today, or will you go small, if at all? The gate is small, it is narrow. You don’t have to trade today. You don’t have to do it, no sir, you sure don’t. You can tell the chart, “No, not today. Not today, devil.” May the May inflation numbers go your way. Welcome to the AM briefing number 258, where together we trade better. We are an ES MES Futures Trading room. If you’re looking for a group of traders with a very solid system, check us out at microstrader.com. Today’s Tip of the Day: The biggest candle I’ve seen on a CPI day is 100 points—that’s quite a move! Will we have that today? Doubtful, but it is possible. Your reminders: remember there are timestamps, a chart below, and I’ll put a level or two. Probably won’t put a level today—levels don’t matter today. It doesn’t matter at all. If you’re new to my group, make sure you earn your badges. If you want to check us out, grab yourself a day or a week Zoom pass. If you like what we do here, please like, subscribe, share, and tell others about it. Just put a smiley face and let me know you’re there—I appreciate it! News Drivers: This is a contract rollover week. Price gets weirder starting now, going into the end of the week. Remember, double the expected move this week compared to last week, and we haven’t had a move yet—no sir, we haven’t. Yesterday was a beautiful chop day with a beautiful V-shaped recovery, and we’re going to talk about it. Eyes are on the CPI, of course—Level 10 from here on out. I’ve changed Friday to Red; it was Yellow yesterday. With the contract rollover, it’s not a great day to trade. As Jesse Livermore says, “There are days to go long, days to go short, and days to go fishing.” What a wonderful five-day break you could have if you wanted, and there’d be nothing wrong with it. Of course, next week is FOMC and OPEX—another Level 10 week, no question. The whole week is Level 10 next week. Monday will probably be boring, but after that, we shall see. When we get on the charts, we’ll go through yesterday’s trading, wrap it up, and get out of here. We will be live in my group for the CPI candle, but before we get to the chart, a word from our sponsor, Trap the Trader. Trap the Trader: Now it’s time for America’s favorite game show, Trap the Trader! Let’s meet today’s contestants: Johnny “I Just Have to Trade Every Day” Johnson Sam “Never Saw a Short I Didn’t Short” Stevens Malcolm “Make Matters Worse” Montgomery Rusty “Reset” Roberts (back with a fresh set of 10 accounts) Freddy “FOMO” Frederickson And returning champion, Patrick “Predict Price” Patterson, who says, “It’s going up today!” Traders, it’s all fun and games until the market opens. Until next time, don’t become a victim of Trap the Trader. Yesterday’s Review: I posted a chart on YouTube, down at the bottom. The 54-57.25 level was a key one I gave you to have on your chart. When we opened up, there was nothing for us to trade initially, then we saw a monster candle, which was followed by a pullback. At that point, I told the traders, “I’m done for the morning.” I came back in the afternoon to see if anything set up, but I quit at 11:00 AM, went to the grocery store, and enjoyed a cookout. One thing we’re good at in our group is not getting caught shorting in these moves. We’re good at identifying and trading the turn. I just wasn’t great at holding it yesterday. One of my traders captured 11 points but missed out on 40 because of a miscalculation. When he first joined, he thought he’d only be making 1 or 2 points, but now he’s making 10-point trades weekly. I went long at 61 with a one-tick stop, moving it once the trade went over two points, but I got stopped out. The candles didn’t quite match on the one-minute chart, and I missed a few opportunities. My eyes were on the overnight trendline, VWAP, and POC. At the end of the day, I suggested price might move to a higher level, and it did, although not as far as I’d hoped. The key takeaway is not to counter a strong trend—liquidity seeks the RTH high. Bull Bear Scorecard: It doesn’t matter what the score is. Bulls make money, bears make money, and pigs get slaughtered. Be careful out there today. Stay green, my friends. To learn more about our group, go to microstrader.com.

Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Testimonials Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Risks Associated With Trading IMPORTANT DISCLAIMER By continuing with the Core Strategy Academy, Discord, and Zoom you also acknowledge and accept the following information: The material in this course is general in nature. It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual's risk profile or financial situation. The author of this course content is not legally qualified to give personal investment or trading advice. Although the author is an experienced and consistently profitable trader and the information offered within this course is given with the best intentions and made to be as accurate as possible, the author has no idea what your financial situation is and everyone has a different tolerance for risk and different investment goals. The purpose of this course is to teach you how use technical analysis to assist in your trading, it is not intended to teach you how to trade even though many lessons do share practical techniques based on real-life trading experience. The lessons in this course are provided as hypothetical trading examples, not necessarily ones that are profitable or robust. While the creator of these lessons has used some of these techniques to generate profits in the past, it is not guaranteed that you will experience the same results and past performance is not indicative of future performance. Trading involves the risk of loss as well as the potential of profit. It is generally advised by successful traders to never risk more money than you can afford and are willing to lose - both on a trade-by-trade basis, and a portfolio basis. You should seek independent financial advice from a qualified professional in deciding if trading is appropriate for you. Please also consider the appropriateness of that professional advice in light of your own objectives, financial situation or needs. ALL MATERIAL HAS BEEN PREPARED BASED ON INFORMATION BELIEVED TO BE ACCURATE AT THE TIME OF PUBLICATION. SUBSEQUENT CHANGES IN CIRCUMSTANCES AND THE MARKET MAY OCCUR AT ANY TIME AND MAY IMPACT THE ACCURACY OF THIS INFORMATION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE PERFORMANCE. Information containing hypothetical or simulated results has limitations and may not represent actual trading. Since the trades presented in simulated backtests have not actually been executed in the market, the results may under or over-compensate for the impact (if any) of certain market factors, such as lack of liquidity, large spreads, slippage, commission costs etc. NO REPRESENTATION IS MADE THAT ANY TRADING STRATEGY WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN HYPOTHETICAL BACKTESTING RESULTS. You should carefully consider your objectives, financial situation, needs, psychological and emotional fortitude, and any other relevant personal circumstances when determining whether or not trading is suitable for you. Trading is not for everyone, and for some there are much easier ways to make money from a side-hustle or career more suited to their personality and situation. Trading is exceptionally difficult to succeed at, with a remarkably high failure rate. So please do your own due diligence to protect yourself and your capital from unnecessary losses and damage. Seek advice from a qualified professional (such as a financial advisor) if you feel uncertain about your decision to begin trading. THE RISK OF LOSS IN TRADING SECURITIES IS LIMITED TO THE AMOUNT INVESTED. HOWEVER, THE RISK OF LOSS IN TRADING DERIVATIVES (SUCH AS FUTURES, CFDS, FOREX ETC) MAY NOT BE LIMITED. THIS MEANS YOU MAY LOSE MORE THAN YOUR ACCOUNT BALANCE OR THE AMOUNT REQUIRED TO HOLD AND CONTROL THE PARTICULAR DERIVATIVE, ESPECIALLY WHEN EMPLOYING LEVERAGE. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINED IN FUTURES, OPTIONS, FOREX AND CONTRACTS FOR DIFFERENCE CAN WORK AGAINST YOU AS WELL AS FOR YOU. IN OTHER WORDS, THE USE OF LEVERAGE IS A TOOL THAT CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS. WHEN USED PROPERLY THIS CAN BE AN ADVANTAGE, BUT WHEN USED IMPROPERLY AND CARELESSLY IT CAN RESULT IN CATASTROPHIC LOSSES - OFTEN RAPIDLY. This brief statement cannot disclose all the risks and other significant aspects of securities and derivatives markets. It also does not cover the many risks inherent in cryptocurrency trading - such as lack of regulation, potential liquidity issues, high volatility and various third-party risks. It is YOUR responsibility to research and decide whether or not to accept the risks involved in the particular market or asset you choose to trade or invest in. IT IS YOUR RESPONSIBILITY TO CONSULT YOUR FINANCIAL ADVISOR TO DETERMINE WHETHER TRADING IN SECURITIES, CRYPTOCURRENCIES OR DERIVITIVES PRODUCTS IS APPROPRIATE FOR YOU IN LIGHT OF YOUR OWN FINANCIAL CIRCUMSTANCES. Good luck with your wealth creation journey, and please take this information seriously. The graveyard of failed traders is large and ever-growing, and that is largely due to these warnings being ignored and the many dangers of trading not being respected.