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

Welcome ES MES Futures Traders

Good morning, everyone! Welcome to the AM briefing brought to you by MicrosTrader.com. Together we trade better, together we are stronger, and together we fight. So, let’s get into it!

Today’s Reflection

Be completely humble, gentle, and patient, bearing with one another in love. I love that sentiment! It’s a great reminder to approach trading with humility and patience. Welcome to AM Briefing #288. We are in the ES MES Futures Trading room, trading live Monday through Friday on Zoom. Be sure to check us out at MicrosTrader.com.

Tip of the Day

Today’s tip: Trade in wacky price action (PA), and you can expect wacky results. Yesterday was wild! I kept thinking, “This is no thank you price action.” I took a couple of trades, ended up with small gains, but I didn’t trust the price action at all. I’ll share a couple of trades from yesterday—one was live on YouTube. The next YouTube live stream will be next Tuesday, so be sure to subscribe to the channel and hit the notification bell to stay updated!

Mental Training & Schedule

Today is Wednesday, and it’s our last mental training session of the week. Join us one hour before the market opens on Zoom—these sessions have been fantastic. Also, remember the pre-market reminder session starts 20 minutes before the market opens. I’ll wrap up after that, as I have an appointment this afternoon.

News Drivers

Today’s key events include existing home sales, which will be reported 30 minutes after the market opens. Additionally, the Beige Book at 1:00 PM Central Time might cause market reactions due to the ongoing discussions around interest rates. If you’re trading this afternoon, keep an eye on this event. Make sure your time settings are correct on Forex Factory for the latest updates.

Yesterday’s Review

Yesterday, I gave the group specific levels—68 and 81—during our live session on Zoom. I advised against shorting above 81 and recommended going long if we stayed above that level. I took a long position at 62 and captured half of that move, which proved to be the right decision. I also tried shorting at 02 but decided to break even after a couple of attempts.

Despite the small gains yesterday, I followed my trading rules, which will lead to success over time. In the overnight session, I gave the group my strategy, but the market bounced off 81 and never made the expected move. Currently, I’m short on one contract, and we’ll see how it plays out. If it goes up more than two points, I’ll tighten my stop to protect the gain.

ES Chart – Where Are We At?

We are in a multi-day balance, as shown on the 15-minute chart. I’ve marked the value area highValue Area High (VAH)The upper boundary where 70% of the day's volume traded. Think of this as the "expensive zone." Price above VAH means we're in premium territory. Full entry → at 1150 and the value area lowValue Area Low (VAL)The lower boundary of that same 70% volume zone. This is the "discount zone." Buyers typically step in here. When price dips to VAL, smart money is often accumulating. Full entry → at 8175. These levels define a significant chop zone, so be cautious. I’m currently short at 81, which goes against trade location rules, but I’m managing the risk carefully. My target is 74–75, and possibly down to 68.

Foundations Course Preview

I’m developing a new Foundations Course to help new traders. Before accessing the course, you’ll recite a Day Trader’s Pledge. If you’re not in my group or are new to trading, this free course will introduce you to key trading concepts. It’s also a great refresher for existing members. Some topics include leverage metrics, S&P contract basics, and risk management. I’m excited to release it soon!

Good luck today, and I’ll see my traders live on Zoom one hour before the market opens for mental training. Stay green, my friends!

MORE INFORMATION:

Website: https://MicrosTrader.com
YouTube: https://www.youtube.com/@microstrader

SUMMARY:

  • AM Briefing Overview
    Today’s AM briefing highlights the importance of humility and patience in trading. The room trades live on Zoom Monday through Friday, offering insights into ES MES Futures.
  • Tip of the Day
    Yesterday’s unpredictable price action led to cautious trades. Traders are advised to manage expectations in wacky market conditions.
  • Upcoming News
    Key market-moving events today include existing home sales data and the Beige Book, with interest rate discussions likely impacting afternoon trading.
  • Trading Insights
    The ES market remains in a balance zone. Key levels and volume profiles suggest cautious positioning, with trades being planned accordingly.
  • Foundations Course Preview
    A new free course is being developed to help new traders learn essential futures trading skills.

ADDITIONAL LINKS:

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