When the CME launched the new ES Micro Contract back in May, we knew it would be a game-changer, and discussed all the reasons in the previous couple posts.
But this past week we had a firestorm of major news events, starting with the Fed announcement on Interest rates last Wednesday the 31st, followed by new tariffs being slapped on China and their currency devaluation. These back-to-back news catalysts trip-wired an overheated market into a massive 4 day sell-off accompanied by high volume swings in both directions. So how did the Power Target System perform during this tsunami of turbulent price action?
How The New Power Target “EZ” System Performed
How The ES-Micro Power Target System Works – A Basic Overview
The Power Target System is an easy to follow, easy on your nerves, mechanical trading algo specifically designed for the new ES Micro contract – MES – (Note: You can eventually scale up to the regular sized ES contract).
The Power Target System plays off the market profile of each morning’s open and gives you high probability entries that allow you to catch the major trends of the day. On top of that, there is literally no guesswork involved. As a new trader you simply place the orders when triggered, set your stops and targets and the system will alert you when to move your stop. It’s that simple and the results are consistent and respectable. You simply follow the system and forget about the wiggles on your charts. The system issues 3 high probability price targets as well as trailing stop alerts.
Why Does the Power Target System Work So Well?
Our “EZ” Power Target System works so well because it plays off the market structure of the opening 5 minute range and computes out high probability entries with correct stop placement which line up with the natural ebbs and flows of price action.
Too often new traders attempting to scalp the market all day long hit stop-out after stop-out and rack up large fees in commissions and get chopped up in the process. Whereas a simple buy-an-hold strategy with the correct stop movement gets you from point A. to point B. without the hassle of in and out trading and at 1/10th of the commissions costs. This system uses high probability targets and wide stops helping you keep your emotions in check.
This is a simple to follow – highly accurate – trading strategy specifically designed for the MES E-mini Micro Futures Contract
How To Get Started With The Power Target System
The biggest hindrance to trading the futures market in the beginning is the large potential drawdowns that you can incur. With the advent of the new Micro Futures contracts (1/10 the size) a new trader can start following our Power Target System with 1 contract and then gradually scale up over time, 2,3 4, contacts etc. This keeps the upfront risk completely manageable and allows you to build size as your profits grow.
For instance, if you start with one contract, you simply take the system alert entries and set your target and stop. When price action moves in your favor the software alerts you to trail your stop. After a short time of a few weeks you can graduate to 2 contracts where you will scale out 1 at the first target and another at the second target. The next level is 3 contracts. All in with three and scale out at each of the 3 targets. The final level is 4 contracts where we scale out at each of the targets and hold the 4th contract as a runner utilizing the system trailing stop.
Take a look at the screenshot of the MES System on Fed Day 7/31/19 as soon as the rate cut was announced (it was a sell the news event)
Take a look at the screenshot of the MES System on 8/8/19
Here are the play-by-play System Notes that go with the screenshot above:
Summary – Empowering Emini Traders To Finally Make It Work:
The New Power Target System Algo is just one more tool in the 4.5 version of our Power Emini Desktop Alert Software which is available for immediate download for $99/month. The Emini Alert Software allows you to tap into a state-of-the-art automated system specifically designed for the ES Futures – for an extremely small investment and if you are serious about improving your game, this could end up being the best $99 you ever spent on yourself. Take the plunge and get signed up today and give our Automated ES Scalp Alerts a try for a month.
A simple to follow – highly accurate – trading strategy specifically designed for the new MES E-mini Micro Futures Contract
Entry Price – Trailing Stops – Dynamic Targets
There’s no better time than right now to get started trading the MES with this powerful strategy. Click the button above to join and we’ll get you set up right away.
If you’re a NinjaTrader user we will include our “companion indicator” – that plots everything in real-time on your charts – at no extra charge.