Opening Remarks

All right, before we get into updating our levels this week, I want to do a few shoutouts to my members. One of the things I always say is this group is not about my trading, but it’s the only trading I can highlight from time to time because I share it. And occasionally, my traders share theirs. You never have to tell me what you did or didn’t do, but when you choose to share, I love it—it’s motivating and encouraging to everyone.

Member Shoutouts

Congratulations to Brian! On Friday, he went long when we called the long on Zoom. He took profit on two contracts at 10 points each and held a runner, finally exiting when we hit the first target. Brian trades a cash account and said, “I exited with a more than fair almost $300 profit for the trade. Thank you, George.” Well done, my friend. You did it. Congratulations!

David made a comment this week in the group that I really appreciated: “Yes, I must say since I’ve been in the group, my eyes have been opened on how to play the long game. Why settle for a scalp when you can get more like a swing trade?” By the way, congratulations on your 200-pointer—awesome work.

Alex got a 20-pointer this week. Congratulations to Alex. Darren, on his very first day in the group (Friday), scored a 30-pointer—huge congrats. Joe also nailed a 70-pointer this week. You can see over here we have different clubs based on the number of points captured. Joe said, “I listened to George on his live Zoom as I was making my entry and exit decisions. I learned so much from him even while making my own trading decisions.”

And that’s key—you make your own decisions. When I call out possible short or long ideas, they’re just that—ideas. You pull the trigger only if it aligns with your trade plan. So congratulations, traders!

Price Action Review: Session Levels

Now, let’s mark out our session levels. I haven’t turned on this folder yet—doing this live. Turning on my sessions folder now to see what comes up.

Last Friday’s low was also the weekly low, giving us two weekly lows back to back. All I have to do is duplicate this one by holding down the Command (or Control) button, and it’ll keep it in the same folder, which I really like.

We’ve got the RTH halfback from Friday. I don’t need the RTH low gap down label anymore—what a monster move back up. That RTH halfback was providing some resistance in pushing higher—not to mention it was a 100-point move. That’s good enough.

Last Sunday’s opening—I don’t think we need to keep that on the chart. But if you wanted to, it certainly provided some gameplay. I’m going to delete it. One of my traders keeps the new week opening gaps on his chart longer than I do—and that’s fine. You do you. It’s a good reference point if you want it.

We’ve got the IB high and RTH low with the gap-down note. The London high is also marked. And we have an RTH high that the overnight session failed to reach. I remember the shorts we had mapped out there.

If you want to tighten that up a bit, it was the Asia high. So we have: IB high, overnight high at 6900, London high, RTH low, and gap down.

Let’s zoom out to see the week as a whole.

That high in the overnight session? That’s our weekly high. So, let’s label that correctly: Weekly High at 690.75. Then we’ve got the IB high, overnight high (Asia session), London high, RTH low with a gap-down, and RTH halfback for the session.

I hadn’t marked the high for this session, so let’s go ahead and add that and label it the RTH High.

Market Structure Overview

We’ve now got two or three RTH lows stacked here. That’s a huge magnet for this week. There’s also a magnet to the upside: a small unfilled gap. Since I’m finishing long, I’m hoping we go up and fill that gap before exploring lower—but who knows.

These are our session levels.

Single Prints and VPOC

Let’s turn on the single prints and VPOC now.

I had marked Friday’s value area low but don’t think we need it going forward. Friday had a set of single prints in the A period—marked. Another set from Thursday—still unfilled. One more set from Monday, November 3rd—eight single prints still on the board.

There’s also a VPOC from October 29 at 6939.25.

So these are the relevant single prints and VPOCs heading into the week.

Weekly Volume Profile

Let’s look at the weekly volume profiles. Here’s last week—note where the POC (red line) is, along with the value area high and low.

Now let’s look at two weeks. Interesting.

Now three weeks. Very interesting.

And finally, four weeks. We basically finished right at the four-week POC.

But note something: the POCs of the other three weeks are higher. And that’s also the value area high for the past month. So when price returns to that area—6870 to 6890—that’s going to be a key zone to watch for potential resistance.

Macro View and Seasonality

Let’s zoom out.

Seasonality-wise, November and December tend to be bullish. Looking at the monthly chart—it’s very strong and still moving up. The 50-day moving average is shown.

We’ve got two monthly lows marked—those are critical. On the weekly chart, the 50-day MA is still far away. I also added an anchored VWAP from the lowest monthly low.

Let’s drop down to the daily chart now.

The daily is flirting with the 50-day moving average repeatedly. We know the more times a level is tested, it often becomes weaker. So, if we dip under last week’s low, my first reference is the anchored VWAP. Second is last month’s low. Make sure you have both on your chart.

30-Minute Chart & Key Levels

Let’s go to the 30-minute chart.

Turning on session levels. I want to ensure the monthly lows are properly marked. Updating labels now from RTH Low → Weekly Low → Monthly Low.

Scrolling down—yep, here’s the second one. Also marking it as a monthly low. This is also the “Tariff Tweet Low”—that’s why I like notes. At the time, it didn’t seem significant. Now we know what that price level represented. These labels help give context to levels when price returns.

MORE INFORMATION:

Website: https://MicrosTrader.com

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

Free Foundations Course: https://academy.microstrader.com/foundations-dashboard/