Learn to Day-Trade the Emini S&P Futures
menu

Delayed Results – Trading Video – June 28, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

To successful trading,

TraderShark

Info@TraderShark.com

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade emini S&P futures. Today is Friday, June 28th, 2013.
 
The market opened up this morning here at 1601.75 represented by this white dotted line. I want you to notice that upon the opening at around 9:30 the market ran sideways. We tend not to trade the first 15 minutes of the day. We do have what’s called a pro-range reversal. I got into one position, shorted it, and then I stopped myself out just in time for it to go in the direction I thought it was going to go anyways. Zero on that particular trade.
 
Then we had a news report out at 9:45. I believe that was the Chicago PMI. And so we tend not to trade within about 3 minutes either side of that news report. There was an auto wave that fired off short. Did not take that. That’s why it’s colored in yellow. And then at 9:55 we had the consumer sentiment report and that also tends to have, sometimes news leaks about 3 minutes early. And so we try not to trade 3 minutes prior, before and after that one. And as a result an auto wave fired off. We did not take these two trades. I did not personally.
 
And then as the day went on, one of the news reports being neutral and the other one being extremely bearish. I believe the Chicago PMI was below consensus range. Depending on how the news responds, if it does not respond in the direction of the news in the morning, then we tend to believe that the market’s going to follow through in the afternoon.
 
This being Friday, we really kind of bottomed out here. And just as expected the market pushed higher on bad news. Running all the stops. Another opportunity to get long again, the yellow arrows are the ones I did not take. We’re working our way back in towards the opening price. Back into the opening range. Did not want to be played with this choppy market going on.
 
And as a result really didn’t have any trades to materialize until right here at about a little after 11:00. I got in the trade. I got my first contract off, and then the second contract I flattened at the same position, and so I took a total of 4 ticks on that trade. And then once we got up there got a nice setup to go long. Got my first contract off and it messed around with me, came to within 1 tick of our target 2 and then came back out and I got stopped out for minus 2 ticks. And that’s one of the reasons we keep our stop relatively tight. After it starts to move we tighten it up.
 
And in this regard, here at 11:30 we had what’s called a no trade zone. And from 11:30 to 1:15, again another period of time where the volatility increases and the volume decreases we don’t ever want to get caught in that realm. However, I mean I call it a no trade zone and yet we were watching it close, looking for a type of selloff. I took this trade to the downside, and all of the sudden found, I got my first target off and then I flattened out there too. It was just, we were watching the volatility index. We were watching the bank index. It was really all over the place and so it would have followed through and hit our second target, I just chose to get out quickly.
 
And then as we continue on, here at about 1:15, came out of the no trade zone. Had a nice opportunity to get in long. And I want you to notice we had a nice clean trendline on a momentum indicator and got our first target off. Got stopped out before it continued on in the direction. Took a minus 2 ticks on that trade.
 
And then at around the 2:00 timeframe we don’t want to be caught in any long positions, but you don’t just inadvertently short. So in this particular case, I waited for a nice clean setup. Got the setup to go short. Auto wave fired off. Target 1 and target 2 were hit. Actually in this particular case I was expecting to run quite rapidly to the downside. It did not.
 
Going on into the close we had an opportunity to get long. Target 1 and target 2 were hit for a total of 10 ticks. We were above the opening range and at that point it just kind of appeared that we were not going to have the heavy sell off we were expecting.
 
And then, again, I know this is a no trade zone here at 3:50 is a no trade zone. And I started to put all the arrows into the Shark Den, so everybody could see what was going to go on. Going into the final no trade zone, I always tell people that we don’t trade at 3:50, but there are exceptions to the rule. In this particular case, remember the news report we had this morning. Expecting a sell off due to the news. Going into the close of the day, I did take this trade short. And I don’t want newer traders taking this type of risk, but in this particular case, you know, we kind of know how the S&P futures breathes and this thing was going to tumble. All of our indicators were firing off to the downside and we were not disappointed. So kind of saved the day for a Friday afternoon.
 
I want to let you know, next week I’m going to be in New York. I will be broadcasting live Monday, Tuesday, Wednesday, and Friday. Have a great weekend everybody. Have a great 4th of July. And I will talk to you then.
 
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 weekend and I’ll talk to you on Monday 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.

Head and Shoulders – Trading Video – June 24, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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, June 24th, 2013.
 
The market opened up this morning here at 1570 represented by this white dotted line. We then have an opening range that we generally do not trade in, or it just tends to be a little choppier than usual. But as soon as the market opened up we said watch for this 1556 to 1557 level. 1556.25 was the gap from April 24th. And the downside pressure from overnight, since Friday, expected our final target to be down around 1556.25.
 
We then had a nice little retracement back up to the opening range, resistance level. Pullback until about 10:30. At 10:30 we had the Dallas Fed Manufacturing Index came out much better than expected. So all of the sudden, we had a tidal wave setup to go to the downside, but we didn’t have that much reaction from the news until later on in the afternoon.
 
Coming in for a pullback back into the opening range. Continuation, we had what’s called a trendline wave trade and then an extended wave to the downside. Only to find our bottom here on a Shark band. Shark band took a final bounce and then never looked back.
 
Working its way from the low of the day right here during the no trade zone, we have a no trade zone from 11:30 to 1:15 Eastern Standard Time. For a 27 point move upward. Worked its way back into the opening range, through the opening price. Notice how they had initial retracement off of opening price for a continuation. And then it worked its way through this Shark band for another retracement to the down side.
 
For a trade of the day, we had what’s called a head and shoulders pattern. Pretty clear when you see the lines drawn. So there’s your first shoulder, there’s the head, second shoulder. And then what you do is you draw your distance from the head to the neck line, and that would be the final target. And so we had a break of this trendline. A retest even through it broke through the retest. And then there was a nice clean Fibonacci trade. The Fibonacci trade lined up with a continuation to the downside. The high to the low, retracement 50% for continuation. And we started drawing this potential target of 1566 back at 3:30, and the materialization occurred right about 4:00. So about a half hour before it actually hit our profit target.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit Trader Shark.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.

Tuesday Webinar – Intro Shark Den – June 25th

Good Evening Traders,
As promised, below is a link to register for a live introductory webinar for the Shark Den.
This Webinar will help familiarize you with what you will see in your free trial in the Shark Den and help answer many of your questions.
Join us at 4:15pm EST (16:15 EST), June 25th, for this event on trading the S&P and Euro Futures markets. This event is mandatory prior to receiving access to the Shark Den Free Trial.
Please feel free to email me with any questions prior to the event.
To Successful Trading,
Brian Rehler
TraderShark
Learn to Day-Trade S&P Futures
         Without Getting Eaten by the
                       Sharks on Wall Street!
   
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not an indication of future results. You are receiving this email because you registered on our website, purchased our product or attended our Webinar. To be removed, please reply with unsubscribe in the subject line.

Shark Den Introductory Webinar

Good Evening Traders,

As promised, below is a link to register for a live introductory webinar for the Shark Den.

This webinar will help familiarize you with what you will see in your free trial in the Shark Den and help answer many of your questions.

Join us at 4:15pm EST (16:15 EST) on Tuesday, June 25th, for this event on trading the S&P and Euro Futures markets. This event is mandatory prior to receiving access to the Shark Den Free Trial.

https://tradershark.omnovia.com/register/74391372034219

Please feel free to email me with any questions prior to the event.

To Successful Trading,
Brian Rehler
TraderShark
Learn to Day-Trade S&P Futures
         Without Getting Eaten by the
                       Sharks on Wall Street!
   
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not an indication of future results. You are receiving this email because you registered on our website, purchased our product or attended our Webinar. To be removed, please reply with unsubscribe in the subject line.

 

Post FOMC – Trading Video


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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 we had FOMC announcement at 2:00 Eastern Standard Time, so we weren’t expecting much movement. An initial burst one direction or the other. We did not get that. So we had what’s called a pro-range reversal. I want you to notice the opening price here is at 1644.50 represented by the white dotted line.
 
We had a very narrow Globex range, so with that we expected a quick pro-range reversal. Took a quick 4 ticks with 1 contract. Got stopped out with 1 contract and made another 8 ticks. Just real quick, this is between 9:30 and 9:45 in the morning. We generally don’t trade unless we get a pro-range reversal in there.
 
In the meantime we did not have a break until all the way up here until 2:00. So notice the sideways movement. There was no trades. Did a lot of sitting on our hands. Then at 2:00 the initial move was down. And it appeared to have an initial move upward, but this actual move, you know, looking at it from a longer time frame perspective. The initial move was down. Had a nice little bounce for 4 ticks. And then when the market gets so volatile and is moving so violently, you really want to give it a couple minutes to settle. At least 3 to 5 minutes on FOMC day. And then I only traded 1 contract. So this nice little burst here up for 14 ticks.
 
And then we didn’t have any other setups. We did see a pullback expecting a deeper continuation, right. The initial move, the action, the reaction, the continuation. So I was expecting that. Got stopped out for 4 ticks here. And then we broke the previous low. Nice little pullback, continuation for a total of 14 ticks.
 
Now I’m going to go ahead and slide over and show you the trade of the day. When we had a retracement this significant level was never broken. We did initially draw a significant level here and that was an area that I had this morning by talking about breaking the significant level. But I want you to notice, when this significant level is not broken, continuation in the trend direction is likely and that is exactly what we saw.
 
So let’s go ahead and slide over to the trade of the day. So for our trade of the day, the exact same timeframe as our higher timeframe chart, right here at around 3:38 Eastern Standard Time. Did not get in on this for a continuation lower. As our momentum indicator went into oversold. This is considered a breakout trade. Our directional indicator was supporting the continuation. Jump in with any type of market order, limit order, whatever you want in this particular case. Notice we have Heikin Ashi candles to keep us in and we also have another moving average that jumps in through here. Keep your trailing stop in behind it.
 
And then prior to going into our final no trade zone of the day. Look, we even had another firing off of the auto wave for a continuation lower. Trading the FOMC day is not for new traders. It’s really quite a volatile timeframe. Anybody that did try it or at least sit back and watch it, you could have seen, we watched the market depth indicator jumping all over the place. Price action was having pullbacks as much as anywhere from 8 to 12 ticks, and was taking out any type of tight trailing stops. So hopefully you either made money today or at least you kept your powder dry and learned and journaled at the end of the day what you would do for the next FOMC 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.

June 17th and 18th – Trading Video

Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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. I’m going to go through two days today, Monday, June 17th, and Tuesday, June 18th.
 
The market here on Monday, June 17th opened up at 1631.50 represented by this white dotted line. We had an 8:30 news report and a 10:00 news report. 10:00 news report being the housing market index. And it was much better than expected, outside of consensus range. The market did not quite take off as dramatic as we expected it to. Had an opportunity to get in long, took a stop out, forced myself out for minus 8 ticks.
 
Continued along our moving average. A little bit of sideways motion. Still didn’t move with the emphasis we were expecting to have. Trade here got on the first target, got stopped out for minus 2 ticks. As we watched the sideways motion continue to chop into the no trade zone. Once we got into the no trade zone, there’s the sideways chop, from 11:30 to 1:15 Eastern Standard Time.
 
Immediately coming out of the no trade zone, an opportunity to get long. Target 1 and target 2 hit for a total of 8 ticks. And then at 2:00 in the afternoon we don’t really want to be caught in any long positions. And in this case the selloff occurred quite dramatically. We don’t usually take the initial move because then you’re trying to call the top. We try to avoid calling tops. We had a nice little pullback here. Entry of target 1 and target 2, total of 6 ticks. And any of you that held on for a third contract were able to pull in 2 or 3 points on this specific trade.
 
Opening price did not pose any type of support, operated as resistance level and continued lower. We had a nice little trade there for 17 ticks to the downside as the market sold off all the way down here to 1624.
 
With the bounce off of the bottom we were able to break a significant level. Nice little pullback for an opportunity to get long. Had two separate positions going on here. One for a total of 10 ticks, one for a total of 14 ticks and then scaled out right here at around 1633.50. Market continued higher. For the day we ended up with 7 trades and 45 ES ticks.
 
Going into the next day, Tuesday, June 18th, from 9:30 to 9:45 we did not take any trades. Opening price was at 1634. An opportunity to get short. Did not even get our first target off, forced ourselves out based on our internal indicators for a total of minus 6 ticks.
 
Continued on, realized we were going to be pushing higher. Right here at about 10:30 we had an opportunity to get long, target 1 and target 2 hit for a total of 10 ticks. Another pullback, and then once you get into your third or fourth pullback into the trend direction, I kind of start scaling out my second contracts sooner. So in this particular trade, 2 ticks and 4 ticks and I was happy and I got out.
 
We then saw a little more of a dramatic pullback. A lot of strong overhead resistance here at about 1643 scaled out at 1642.5, total of 8 ticks on that last trade. Going into the no trade zone, I did not take this final trade going into the no trade zone from 11:30 to 1:15 Eastern Standard Time. It seemed like there was some pretty dramatic moves, but all in all you got lower volume, higher volatility.
 
Coming out of the no trade zone, again there’s our 2:00 time frame. We did not have any setups to get short. There was a nice setup to go long. I did not get into this one as the market moved higher after 2:00. And going into the close that was it for the day. We basically had 4 trades for a total of 18 ticks.
 
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.

Tidal Wave Trade – June 7, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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 Friday, June 7th, 2013.
 
The market opened up this morning here at 1633 represented by this white dotted line. We had gapped up by 10 points, so we were looking for a continuation higher for what’s called a Tidal Wave trade. That’s where we buy one contract and hold for the day. In this particular case I bought 2 contracts. I got my first target off, this is a pro-range reversal. We generally don’t trade from 9:30 to 9:45 except on a pro-range reversal. And in that case, I got stopped out on my second contract for minus 4 ticks.
 
Coming out of the no trade zone, we had a nice little pullback. Had an auto wave fire off. The yellow arrows are trades that I did not take, but then we saw that this was the commitment. Right here, a continuation, a break out at around 9:55. Got a total of 35 ticks on this particular trade. Again, this is a tidal wave trade. If you didn’t get in here, had a nice little pullback here. Opportunity, notice the momentum indicator continuing higher. This was probably a little more difficult to take. We were right here around opening price. Held on through that. Continuation higher. Nice little pullback here.
 
This was another, 2 more contracts tried to add on. Go the first contract off and got stopped out over here for minus 2 ticks. On the third trade here we got stopped out for minus 4 ticks. Continuation, look how we had a lot of sideways movement. Another opportunity to get in. Target 1 and target 2 hit for a total of 9 ticks. And then we went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Tendency is just lower volume, higher volatility.
 
I have a yellow arrow here. This is during the no trade zone, but I want you to see the auto wave fired off. A little bit of a pullback. Another opportunity to get in. Target 1 was hit. Got stopped out for minus 2 ticks. Our stops were pretty tight. In this particular case we ran into the 2:00 timeframe and we were looking for a shorting opportunity. Opportunity to get short. Got our first target and second target, all the way down to the opening price. Closed out of our position. Continued higher, working above the moving average. Little pullback and into the close, another 12 ticks, plus 4 and plus 8 for 12 ticks into the close.
 
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 weekend and I’ll see you in the Shark Den on Monday 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.

Patience is a Virtue – June 6, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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, June 6th, 2013.
 
The market opened up this morning at 1606.25 represented by this white dotted line. The trades in yellow are trades that I did not take. From 9:30 to 9:45 is called no trade zone. I generally don’t trade during this timeframe unless we have one specific setup. And this here is what’s called a pro-range reversal. It’s only good for 4 ticks, which is a quick scalp.
 
Continuing on into the day there was a nice little burst higher. Again, opening 15 minute range. There was a nice little breakout trade that occurred. We talked about it in the room. Again, I did not take this. After the breakout we saw a nice little pullback. Had an opportunity to get long. In this particular case our first target got taken out. Then I got stopped out for minus 4 ticks.
 
As the market continued we were still in the middle of our opening range and I chose not to do anything. And I want to show you all morning, even though we had our auto waves firing off, I’m going to go ahead and pull up one of the indicators we use. It’s called a directional indicator. And I want you to notice the time. I drew this blue box around it. And as the directional indicator is below our threshold, notice how it turns yellow, the blue box indicated a choppy timeframe. And just we chose not to take any trades. If you go back and look at any indicators during this time frame, we stayed safe. We stayed safe, right.
 
And the only time that we start to see any type of potential movement was in the no trade zone, right, because our no trade zones starts at 11:30. Right here, just before 12 noon, we started to see a bearish move. But again, it was also during a no trade zone. So let’s move this out of the way.
 
The market began to sell off. Some of our auto waves began to fire off. Again, I don’t take trades during the no trade zone. So this would have gotten stopped on an auto wave. This auto wave would have been great. This auto wave would have worked out nice. These auto waves worked out nice. These auto waves worked out nice. But again, it’s during a no trade zone. So that’s a little part of the discipline.
 
Coming out of the no trade zone, right here at about 1:15 Eastern Standard Time, watching the market a little closer. And then here is where patience is a virtue. I want you to notice, we had an auto wave. We had a Fib retracement. We had a Shark Attack. We had all three factors, so generating anywhere between 14, 15 or 16 ticks.
 
Now with that being said, right here at 2:00, I prefer not to take any long positions. So we did look for a setup. Nice little auto wave. Got the first target off easily. And actually got stopped out for minus 2 ticks on this particular trade. So it was a countertrend trade. Countertrend trades have a lower percentage of profitability.
 
Continuing on into the day, there was another nice auto wave fired off right here at about 2:16. Right, from 2:00 to 2:16, nice opportunity at target 1 and target 2, for a total of 10 ticks. The market continued to move higher. Here at about 3:20 we had another auto wave firing off with the rest of our indicators for 16 ticks on this particular trade.
 
I’m going to go ahead and bring my directional indicator up into the scenario. I want you to see that as we get, our directional indicator is bullish on top and our auto waves are firing off. Got a nice clean combination for a continuation higher.
 
And then as this market continued higher, another auto wave fired off. We have momentum in our favor with directional. It was an awesome combination for a successful trade. So patience is a virtue. The longer you sit and wait for the proper setup to come to you, the higher probability you have of a successful trade.
 
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.

Hindsight is 20-20 – June 5, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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 Wednesday, June 5th, 2013.
 
The market opened up this morning at 1625.25 represented by this white dotted line. We generally don’t trade this opening range from 9:30 to 9:45. However we had a pro-range reversal here and got a quick contract off for a total of 4 ticks. And as we worked our way in through the 9:45 timeframe, we had some news reports come out. Most of them remain within consensus range. And yet the ADP employment situation was worse than expected. So I was expecting a selloff in the afternoon. Did not know what we were going to expect in the first part of the morning.
 
We did have a nice trade that got off here at about 10:13 to the downside for a total of 10 ticks. And then a nice little pullback. Got our first target off and got stopped out on our second contract for minus 2 ticks. We then had what’s called a Shark Attack trade that occurred right here at about 10:30 or so. First contract got off at plus 8 ticks and then I got a stop out for minus 11 ticks, and in that particular case I took a loss of 3 ticks. Wasn’t a bad loss considering what out potential was for the target areas. Now if you took this trade as just a standard wave trade, you would have got both first and second target, and then fine. I held on a little longer than expected and I got stopped out for minus 3 ticks.
 
We then started to see a lot of sideways chop. A lot of volatility was kicking in. And at this time our market internals started to go flat. Still went off on our first target. Got our first target off and got stopped out for minus 2 ticks on this one. So it just seemed like one of those days we were getting a lot of reduced risk stop outs.
 
And then later on in the morning right here at about 11:00, one that I missed. I can’t remember why I missed it, but I got it colored in yellow. It actually materialized for a good trade. So one of those days that I picked all the bad trades, but missed the good trades. And it happens. And so then getting ready to go into our lunchtime no trade zone to the downside, and yet this particular trade, even though it was a countertrend trade, was good for 2 ticks and 4 ticks to the long side. And that’s, you’ve got to wait for all indicators to line up.
 
Going into the no trade zone from 11:30 to 1:15 Eastern Standard Time. There’s a period of higher volatility. In this particular case we actually had higher volume. We don’t trade during that time frame. Coming out of the no trade zone, I had gotten back to my desk a little bit late here. Trades had fired off. An auto wave went off long, and ended up profitable, hitting both targets. And then an actual wave trade went off, hitting both targets. But I missed those trades so I colored them in yellow.
 
I’m using this for an example. And then going on into the afternoon, we stayed above our moving averages. Worked our way through the moving average to the downside. An opportunity to get short. In the room I had said where the entry was. We would have gotten our first target off and got stopped out for 2 ticks. I got a late fill and as a result got run over. I took a total of 16 tick loss on that.
 
Going into the afternoon again, I don’t generally trade from 2:30 to 3:30. It’s a period of a lot of sideways motion. And in this event another nice trade setup to the downside. I did not get filled on that one. Going into the close, another trade to the downside, setup. First and second target were hit. I did not take the trade, it’s in yellow. This is for Shark Den members to see where they may have materialized on their trades for the day. And that was it for the rest of the day. A lot of our market internals were going flat, telling us not to get into any trades. So I avoided any further challenges into the afternoon. So for the day we had a total of five trades. We ended up the day minus 9 ticks.
 
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.

Hook Patterns Rule – June 4, 2013


Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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.

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, June 4th, 2013.
 
The market opened up this morning here at 1638.75. You can’t see the white dotted line at this point. We did have an opening range. We tried a quick pro-range reversal right here about 9:36, and I got stopped out for minus 4 ticks. It was only 1 contract. And then going into the, we have what’s called a no trade zone here from 9:30 to 9:45. Outside of that 9:45 we had an opportunity to get long. Started to work our way in our favor, and I got my first target off and then I stopped myself out at minus 3 ticks. Took a loss of 1 tick on that trade.
 
Then as we worked our way into the reversal zone from 9:10 until 10:10. At the end of 10:10 we really didn’t see a reversal occurring. Likelihood was for price action to continue higher. Got in, got the first target off. Got stopped out for minus 2 ticks. It was quite apparent at that point it was a type of head fake.
 
Working our way back down to the lower edge of our opening range. We find a nice setup, hook pattern setup. Retracement when you go countertrend. Right, countertrend was a total of 6 ticks, total of 6 ticks in this trade. Followed up by a second hook pattern and then a third hook pattern setup and materialized total of 14 ticks. We knew we were committed to the downside at this point after the no trade zone. Notice these little blue ellipses that I drew. I drew it there before price action made it there. Saying this is the potential target of this hook pattern. Potential target of this hook pattern. And our Shark band stalled price enough to let us get into another trade to the downside of 6 ticks.
 
Once we found our base, I was telling everybody in the Shark Den this morning, once we hit our second Shark band, approach the third Shark band. Here’s where we tried to push higher. First trade was 6 ticks. Second was a total of 12 ticks, all the way up into our, we do have a Shark line that I’m not showing here right now. And that was the final target for the day before we sold off into the close. For a total of 10 trades and 55 ticks.
 
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. 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.