Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

TraderShark Trading Manual

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TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Monday, October 8th, 2012. Columbus Day for many of the banks. And here in the United State a lot of the volume was not to be expected today. We had no other news reports. So expect a lot of sideways movement.
 
We did have a narrow opening range. A little bit wider Globex. With the volume we just really couldn’t, it’s probably better to be sitting on your hands on a holiday like this. My natural bias is a choppy to bullish day. So the market opened up here around 1450.25. Right up here. And that’s pretty much the way the whole market went sideways.
 
We did see what’s called a Shark Attack trade set up, right here at about a little after 10. I only used 1 contract on this particular trade because, you know, you have to manage your risk and with the lower volume. Now this is a 2 point and 4 point move. So I only used 1 contract and it was just not going to go my way and I got stopped out for minus 6 ticks. Not a big loss there, but just you want to be aware of it.
 
We then had the opportunity to pullback. And then try it again. Broke through the moving average. Pullback. We were able to get off a target 1. Here in this particular case I did use 2 contracts because I thought I had a higher probability of going in that direction. Got my first target off and got stopped out for minus 2 ticks. And then we went into the no trade zone.
 
So you can see there was just a lot of sideways movement. Choppy day. Coming out of the no trade zone had another opportunity or a re-approach to yesterday’s low. And I had a trailing stop of this one thinking we may have a little bit of a burst. And it really worked its way up to plus 12 ticks and I got a stop of plus 4. And that was it for the day.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manuals, please visit TraderShark.Com. Thank you. Have a great evening, and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Thursday, October 4th, 2012.
 
The market opened up here at 1450.50. And we had a news report at 8:30 and at 10:00. I don’t know as though the news report was what actually pushed this market. I know the ECU was also meeting. But we had a quick move to the upside. Now the challenge here that we’re looking at a higher timeframe chart is these Shark bands were so close. It really didn’t give us any opportunities for pullbacks. We are pullback traders.
 
And this break out, you’re going to see here when I show you a lower timeframe chart kind of waffled back and forth between these two Shark bands all day. So it was a pretty choppy day. We ended up positive, but all in all, when you look at the Shark bands, bring the Shark bands into the picture we really like for price action to pull out. Nice little pullback and continuation to the next Shark band. Same here at the low side. Break down to the downside. Pullback. And continue to the Shark band. We didn’t really see that. We saw a lot of sideways chop. So let’s go ahead and go on to the lower timeframe chart.
 
So from our lower timeframe chart, we generally don’t trade from 9:30 until 9:45. And then we really didn’t have any trade setups up until the 10:00 news report. So with that we saw some sideways movement. The breakout, again, I’m not a breakout trader so I did not have an opportunity to get on to this run. We were waiting for our pullback. You’ll notice here our momentum indicator we got into an extended position or an overbought position, which could have allowed you to do a market order, a little more aggressive traders.
 
But I had a nice pullback here. It happened so fast we did not have an opportunity to get on to it. We did talk about it in the room. We even had a wave trade indication in that direction. But I colored it yellow because I didn’t get a hold of that trade.
 
Then we had a pullback. Now remember now we’re at the top of our fifth wave, right. You got your one, you got a two, three, four and your top of your fifth wave. Never buy at the top of a fifth wave. In this particular case we bought in at the highs. Little bit of a mistake there. In hindsight 20/20. We got our first target off and got stopped out for minus 2 ticks. I held on for a little longer. I took a minus 6 tick stop on this until it crossed my moving average. And also my anchor charts also indicated to exit the position.
 
Then immediately after that we broke through our moving average. Crossed to the downside. Target 1 and target 2 hit for a total of 6 ticks. Tried it again. Another pullback. You notice our wave trade indicators firing off to the downside. Tried it again. Target 1 was hit and got stopped out for minus 2 ticks only to see it continue on into the downside motion. Now remember these were wrapped between the two Shark bands so we had a lot of congestion and sideways movement.
 
And then there was no trades until we went into the no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone we had an opportunity to get short. You’ll notice that the market pushed up, bounced off of our moving average. Had a nice pullback. And generally at the highs of the day we’re not quite at the highs of the day. At 4:00 we look for opportunities to get short. Had a nice wave trade indication setup. Took it. Took a total of 6 ticks. Probably could have held on a little longer. Generally you’ll see this thing run to 10 to 12 ticks or more. And then we went into some sideways consolidation.
 
So that’s pretty much the way the rest of the day wrapped itself up. There’s another opportunity, I didn’t fill it in there, there’s another 6 ticks here going to the downside. Another wave trade indication. Broke through the moving average. Pulled back. Kind of a questionable whether somebody would have shorted here, but once we got a breakthrough of our moving average and a pullback we had the opportunity to short into the close.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Tuesday, October 2nd, 2012.
 
This morning I’m going to focus on something just a little bit different. I’m going to go ahead and show you the 30 minute chart. And I want you to notice we had talked about this potential support line all morning. And it’s right down here around 1432. We talked about it. Once it started to hit there we said we wanted to be careful. Even though it took 30, 60, 90 minutes this is a longer timeframe chart. So when you’re a little bit uncertain about a trade direction move to your higher timeframe charts. Take a step back and it will give you a better perspective. Now let’s go ahead and look at the lower timeframe chart.
 
The market opened up this morning here at 1443.25 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. Immediately coming out of the no trade zone we had downside pressure. An opportunity to get short. Target 1 and target 2 hit for a total of 11 ticks.
 
Continuing on into the morning we had a nice little pullback. An opportunity to get short again ride it down. Target 1 was hit. We got stopped out. We saw in market internal indicators as well as a wave trade crossed against us here. Exited for a loss of 1 tick.
 
Market continued. Even though we had a cross of the moving averages to the upside, we found resistance on the opening price for a selloff retracement. Continuation. A total of 7 ticks. Target 1 and target 2 hit for a total of 7 ticks.
 
Then, you know, hindsight’s always 20/20. You can see even some of our momentum indicators are pointing down. Tried an opportunity to get long here and the market internals went against us quickly we took a loss of minus 8 ticks total.
 
Then we went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Notice the sideways movement in this particular market. Coming out of the no trade zone an opportunity to get long. Got target 1 off and go stopped out for minus 2 ticks only to be followed through. When you get a stop out be aware of where your price action’s working in relationship to the moving average. An opportunity to get short. Target 1 was hit. Took a little pressure before it dropped off for a total of 13 ticks on that particular trade.
 
We then, I want you to notice something here. We’re going to pop on, you can see a channel developing very nicely here. And when it did, the high right here at 1434.5. I was telling people that I’m looking at putting a buy order above the 1434.5 or below the low here at 1432.25 for this to continue lower. But remember the 30 minute chart we just looked at, 1432 was a key support level. It went on for about an hour and a half before we had a nice little breakthrough. The upside, a little bit of downside pressure before it launched off. Easily 4 ticks for 1 point, 8 ticks for 2 points. We eventually hit our ultimate target of 4 points. So on this particular trade, it’s called a Shark Attack trade 2 point and 4 points, total of 6 points on that particular trade. And then we went into the no trade zone.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you. Have a great night and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.