ES & MES Futures Trade Plan #386

ES Trade of the Week | Battle Plan 5️⃣ Long for 140-Points

🔥 140+ Pointer for Battle Plan 5️⃣ from Tuesday/Wednesday Battle Plan.

If you trade the type of account that allows for a multi-day hold, you got paid big time.

What a welcome surprise when a scalp turns into a swing trade.

Two skills paid for this trade. The first… waiting for the setup to come to you. The second… holding that Lotto runner once you entered. The waiting earns the entry. The holding earns the big points. We sharpen both skills every single day in our ES Trading Room.

ES Trade of the Week | Core Strategy Short for 50+ Points

For Full Members… this Core Strategy short presented itself on Tuesday. It is the first bounce level taught in the Core Strategy Academy. Entry and ideal stop loss come straight from the training.

The confluences stacked up. Top of the range we traded all week… nestled right against the Strong Range, as pictured below. Right trade, right trade location.

Then the bonus. Add to your winning trade on the way down… and take profit right into the next Battle Plan long.

With our 3-Contract System and the add-on, this one offered over 100 cumulative points. That is nothing to sneeze at. Full Members… run this trade tonight in our End of the Day simulator. https://homework.microstrader.com/

ES Trade of the Week | Zoom Long for 25-Points

We called this ES long setup on Zoom and YouTube… exact entry and exact exit, provided during the stream.

Multiple traders making nice deposits.

Then the harder part. What do you do after a nice 20+ point trade? You walk. You call it done. Green Over Greed.

Be sure to watch the recap video above.

Best ES Trading Advice This Week

“Don’t Short This.”

I said it about 10 times in our futures trading room the last few days. 

That beautiful 50-point plus trade? You’ll be telling that story for days. The disaster short you never took… the one that would have run you over… fades by the time you finish your sandwich at lunch.

Points saved count every bit as much as points earned. They just don’t make good stories.

The entire job of this room is keeping you on the right side of price action at all times. I miss now and then, but I certainly try.

Some days that means a laser-tight entry with a perfect take profit. Some days it means sitting on your hands while the urge to short screams at you at the top of its lungs… Some days it’s “Stand Down” and do nothing at all.

Tuesday was one of those days when your $5 a day membership fee earns itself.

Non Farm Payroll Price Action

NFP… affectionately known as Not For Professionals… is NOT my favorite day to trade.

Today proved it once again.

Go nowhere, go nowhere, go somewhere. Hang out, hang out, hang out. Then move fast.

“No, thank you!” price action.

Two things make a trade worth taking… an easy day and an easy trade location. Today offered neither. A day not to trade, at a location not to trade.

I said it in last night’s Battle Plan… the week is over. Today just signed the paperwork.

ES Expected Range

A short week with CPI on Friday… equals a small range. 

Tip of the Day

Always Have A Stop In:

No stop, no trade. Anything can happen at any moment… a headline, a fat finger, a flash move.

The stop is your seatbelt. Buckle it before the car moves.

Tomorrow’s Live Streams

Scoreboard

Points Accumulated This Week:

Battle Plan: 250+

🔥 Last night I wrote, “Zero Battle Plan trades will be mapped. The week is done.”

There are times to pick up your ball and go home.

What’s that famous Jesse Livermore quote, “There are times to go long, there are times to go short, and there are times to go fishing.”

Today was a fishing day. 

Zoom: 80+

Purely… for the love of price action… we watched.

We mapped. 

We discussed. 

In fellowship. 

When I closed down the livestream, I offered two possible locations to look for a trade.

One was the reclaim of the Bull Bear Line… Targeting the 7756.

It offered a pretty clean entry with very little drawdown.

And then in typical NFP fashion… No follow through of significance… with price eventually coming back to the Bull Bear Line.

🔥 NFP rules are simple. The trade is right, right away… or I’m out. If the trade doesn’t work instantly, I’m not waiting around to find out why. I’ll take a break even so fast it’s nearly shocking. Double tap? Never. There are easier days to trade. I like taking easy trades at easy trade locations.

You can’t let days like this hurt you… if you choose to trade on days like this.

Core Strategy: 85 (For Full Members)

🔥 No trades. It’s non-farm payroll.