Wednesday AM Briefing
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
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 and welcome to the am briefing video designed to prepare my Futures traders to trade in our futures room at micr trader.com so what happened overnight well I want to pick up from the last night wrap-up video we talked about how es FR ran this Zone where I expected price to bounce they frint ran it and ran all the way up here to this beautiful area right here where I said oh I wanted to short but it was in the maintenance period it was after the closing but before that happened I posted in my group that um 15 minutes before I was like you can do it no horse in the race es always makes its liquidity money this is where I wanted it to go to cuz I was prepared to take a trade but it didn’t get there in time so in the afternoon this was in my no trade zone right here and so I missed this entry long I did take this entry long made small yesterday was just a small content day I wish it would have been better than it was but the morning was just not favorable for trading so it was a small day and then this was outside my window I was in this but I did not make much it is what it is so the challenge to my Traders I would throw out this morning is look at the Asia and the London and find the perfect backside short go find it and then you would have thought I made some phone calls for this to happen and this to happen to where literally would you just look at it that’s pretty cool and amazing and this is why we trade es es can be very very exacting in where it bounces with our strategy we are really good at knowing where price bounces and playing that bounce given Trend giving trade location locations given where magnets exist on the chart we’re really good at that and if you’d like to learn how we do what we do check us out at micr trader.com um so this is certainly the Battleground here I could have easily called this area the bull bear line got a little Cannon here to represent that and we’re going to see what happens if we decide to flush that our next stop would be coming right down here and I would be careful with Longs below because it could be a rather significant move in my humble opinion so what a beautiful bounce off this area came right back to it now this could be nothing more than a liquidity grab off yesterday’s low wonderful move up this could just be a ladder back up and we make brand new highs today so we follow price I don’t predict price I can’t go short here thinking oh we’re going here no no that’s not what we do that’s not what we do we follow price and we react to price as price develops bounce levels that’s what we do when we play the bounces so here in 2 hours and 8 minutes will be red folder GDP news event this will be on our Zoom this morning I will be live hopefully 15 minutes before the news event so if you’d like to be live with us um you’re either a member or grab you a zoom pass if you’re interested in just watching for a day so last thing to look at Daily trend line we are under it under the daily trend line and this 30 minute trend line we are under it we are at the Battle Zone we grabbed liquidity will this be a continue March up or will we create a situation where we can go short and perhaps maybe Target this now that this particular area has been softened up see you on Zoom Stay Green my friends and to learn more about our group go to microstrader.com
Transcript
all right let’s do an AM update so from the market briefing we talked about this short we talked about this long in our group while we’re on Zoom we we were talking about this major trend line and then when we went parabolic and what we were really watching for is NQ here so I was taking several Longs onone NQ here and had a decent morning uh nothing to write home to Mama about but we saw the market really well and we knew when this turn was going to happen and then once we went parabolic here I’m telling my Traders be careful shorting this be careful if we get over this trend line we get over the London overnight High be careful now what’s not happening we aren’t continuing this push up so it’s very interesting we did take out the trend line we back tested the trend line and had a little move up so we’re still in this more of a parabolic state it is New York lunch no when not to trade and it’s okay to watch the chart it’s okay to keep charting but I recommend if you want to continue to enjoy trading only trade your best hours only trade when probability is on your side nothing’s more frustrating than taking a loss at a time frame you know you shouldn’t have been trading you had no business being in that trade at that time learn to walk away so the
warning shotWarning ShotA price move that signals a potential shift in momentum. For example, a dip into single prints warns bulls that support is weakening. Full entry → for Bulls down here is still interesting in the sense of I believe this is a battle tested area now and that if we decide to take that out it’s going to be pretty easy the next time down I could be completely wrong I’ve seen it bounce 23 times off of a a strong Zone before it flushed so I don’t know that to be true but my eye is now certainly on it because yesterday we went right above it here and this morning we took it perfectly to the tick and now we’re lading back up we still haven’t taken the high from yesterday that’s obviously a delightful pull of liquidity the overnight high is slightly higher than that so it will be interesting to see what develops to where when I start trading again about 2 pm. Eastern where are we and where do we look like we’re going Stay Green my friends and to learn more about our group go to micr trader.com
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