Month: October 2013
TGIF – Oct 25, 2013 – Trading Video
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
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, October 25th, 2013. I’m going to go back three days; I have not had a chance to keep up with my videos. I am in the process of a move. I’m going to be moving about 40 miles away from here and so I’ve been packing.
And with that I’m going to show you Wednesday, October 23rd. And we were looking for a Shark attack setup this whole day. We talked about a target of 1743.75 and 1745.75 at around 10:15 in the morning. Tried to launch right in through here, got stopped out for minus 12 ticks. Ouch, that hurt. And then all of the sudden what we did is, we had a hook pattern to the downside, but I still had a bullish bias. Our indicators were still giving us some head fakes to move higher. Had another failed hook pattern, did not develop. And then another pattern developed right here after the lunchtime no trade zone, got 6 ticks off of that one. Still did not launch high enough to get our profit targets.
And then we thought we were going to get that right at about 3:15 in the afternoon Eastern Standard Time, hit the first target 1743.75, but did not get filled. Came back and stopped me out for minus 6 ticks, and that will happen sometimes. And then guess what happened, right here at exactly 4:01 in the afternoon this thing launched and it went through the 1743.75 and then up into the 1745.75, exactly what we thought. So we traded, we had good trades at the wrong time.
Let’s go ahead and go on to the next day. This is Thursday, October 24th. And I want you to notice we had a strong selloff over the Globex range coming into the opening range and we really didn’t have any trades to start out in the morning. Right there about 10:30 just before the no trade zone had an opportunity to go long, got stopped out for minus 4 ticks. Another opportunity in the lunchtime no trade zone. I was still trying for it because of the hook patterns that were setting up and tried to get in there, got stopped out for minus 4 ticks.
I know that’s not impressive, but you know what? This week has been just a choppy week and I want to show you that, you know, I’m a real trader just like everybody else. I take the losses just like everybody else, but on this particular case we were following our rules. And I want you to stick to the rules because they are consistent. And had another opportunity for a hook pattern. Another opportunity for a hook pattern and got only 6 ticks on that final one and then going into the close very quiet.
Let’s go ahead and look at what happened on Friday. This is Friday. This morning we opened up with little or no movement with a narrow opening range, and there were literally no trade setups. As long as you get stuck between the opening range. These Shark bands were tight to the high side. Looking to get through to this break out to the downside to find support. Just nothing was developing. We had low volume all day. No pullbacks. No opportunities to get in. We were looking.
And then one good trade all day happened right out here. If you still held on to the trading day, 3:35 there was a nice little breakout for a continuation of target 1 and target 2 for a total of 10 ticks. If you were trading at that time of day.
And so if you have any questions, you’d like to learn more about these type of trading methods, please feel free to check out TraderShark.com. If you’d like to get a copy of the trading manuals you can also get them there. Have a fantastic 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.
How to Remove Title Bars and Scroll Bars in TradeStation
This video is designed to help you learn how to remove the title bars and scroll bars to clean up your TradeStation workspace:
https://youtu.be/s44UPfdkIqE
To Successful Trading,
TraderShark
Decision Day – Oct 16, 2013 – Trading Video
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
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, October 16th, 2013.
I’m going to open up with a 30 minute candle chart, and I want you to see sometimes when you get this sideways consolidation and you’re more of a day trader, you don’t see the bigger picture. So I always like to tell people to take a step back to a higher timeframe chart, 30 minute, 60 minute chart, whatever works for you. And in this particular case I want you to see this opening candle was quite bullish obviously and the trend continued higher until our signal candle right here at what, 1:00 in the afternoon, gave you a nice indication it may be pulling back. And then your next signal candle right there at about 3:30 for a run into the close. So you got an action, you got your reaction and you got your continuation. So it happens on all time frames.
Let’s go ahead and work our way over towards the lower timeframe chart. Okay, this is our lower timeframe chart. Price action opened up here at 1702.25 represented by the white dotted line. We generally don’t trade for the first 15 minutes. I’m not a breakout trader but you can see the momentum had worked its way to the high side for a breakout, continuation. I’m not much of a breakout trader. This pullback was right there at 10:00, so I did not take this trade, but the setup was very nice. In the meantime, fortunately, we did not take the trade, it would have been a minus 2 tick stop.
Waited for a little bit deeper pullback. Back in below our moving average for a continued pullback that eventually paid off here. The yellow numbers are the ones that I did not take. I took the white one right here at 17. If you took a wave trade, there were three different setups that occurred right at this level. The wave trade occurred, would have been a 10 tick trade. I took what’s called a tidal wave trade, I exited up there around 1714.50, which was an hourly range high level. And then plus 25 is if you worked your way all the way up to the Shark band which is at around 1717.
As we continued through, this is all the waiting periods. This is quite a long trade, and then we had another pullback. This was a wave trade setup. Notice the auto wave kicked in. First target was hit, second target was hit, total of 10 ticks. And then up here was the profit target for the tidal wave and so you have to independently separate your trades such that your profit targets are different on each trade according to what’s in the trading manual. The high of the day we talked about that at the opening of the day, we were talking about where the Shark bands were. If we broke above our level, next target was 1717.
And then on the retracement there was a nice clean opportunity, pullback, right here at about 11:22 for a continuation. It is a counter trend trade. When you do a counter trend trade your profit targets are a little bit shallower or tighter. So I only got 6 ticks on this trade. And then we went into what’s called a cautionary trade zone from 11:30 until 1:15 Eastern Standard Time. Looking to notice the sideways movement. Coming out of the no trade zone, there’s a little bit of a burst higher up into the 2:00 timeframe. And then as it reversed at 2:00, we generally don’t want to be in any long positions. It was a nice little scalping opportunity right there at around 2:15 Eastern Standard timeframe. That was 6 ticks.
Continuing on into the afternoon. I don’t generally trade from 2:30 to 3:30. There’s a little bit of a setup for a continuation long. This also would have had a reduced risk stop out. Did not take it. Another opportunity to get long right in here. Again, I was not trading at this point, by 3:30 in the afternoon it did finish up higher as we saw on the 30 minute candle.
To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manual 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
Columbus and Today – Oct 15, 2013
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
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 15th, 2013.
I’m going to show you what happened on Monday, Columbus Day from a higher timeframe chart. I want you to observe, generally the banks were closed on this day, but on holidays or bank holidays, prior to, the market tends to rise on lower volume. And I want to show you that we opened up here at around 9:30, and from that point we had a nice little trendline break from the overnight selloff. And then we opened up into our opening range. Nice little pullback. Still was within the opening range so I colored it yellow. Did not get into this trade.
Once we broke out of our opening range, pullback and that’s all she wrote for the rest of the day. So this particular was what we call a hook pattern, finally materialized. It started right here in the middle of our cautionary zone which is from 11:30 to 1:15. At about 12:45 the market launched and it finally completed its hook pattern right there at about 2:15. And then it never looked back it just continued to grind higher all the way into the close.
So let’s go ahead and go down to a lower timeframe chart here on today, Tuesday, October 15th. The market opened up this morning at 1700.00 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45 Eastern Standard Time. Coming out of the no trade zone we did have an opportunity to get long. Not actually an opportunity, it was a setup, but we know from past experience trading around opening price can be choppy, so we avoided that.
Had another opportunity to get in long here at around 10:13. And then we had another opportunity to get in long right there behind it around 10:20. Got stopped out with the pullbacks. First target was hit, second target just stopped it out at breakeven. First target got hit. There was no follow through, a push higher to get more profit out of that.
As we continue to work our way in there was an opportunity to get in long. First target was hit and did not fill, came back out. Forced stop out, minus 4 ticks times 2 contracts, minus 8. And then coming in here right, just before 11:17, an opportunity to get long for a full target 1 and 2 for a total of 13 ticks.
Then we’re into the no trade zone from 11:30 to 1:15 Eastern Standard Time, notice the sideways motion. Still kind of hanging real close to this moving average. Coming out we had an opportunity at a sell off. This pullback was still within our opening range, so I did not take it. Another opportunity, again, this is later in the day. I generally don’t trade from 2:30 to 3:30 in the afternoon. In this particular case it was a nice clean setup. It was so obvious. I had to go for it. Target 1 and target 2 got hit for a total of 8 ticks. Working our way back up towards the opening price.
And then finally this was a nice trade, but going into that last half hour of the day. Only took 6 ticks on it. Didn’t know if it was going to follow through. The news reports are all over the place. You know, buying rumors, selling news. One time they’ll come out with a report and then they’ll come out and say they’re going to reject it. We don’t know. So we’re just doing the best we can. Still kind of staying in chop mode until they get this resolved in Washington.
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.
Trial Day – Oct 3, 2013 – Trading Video
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
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures.
We had a free trial today and on Friday, October 4th, and so I wanted to show you some of the patterns that we were developing in the Shark Den. Now, while we did not necessarily get ahold of each one, they still are very consistent.
And so I want you to notice we have an opening range here. We are also guided by Shark bands. And once this trendline from overnight was broken, we were looking for short opportunities. However, at this time, I think there was a news report at 10:00. And so I was not able to take this 10:00 short opportunities in through here. And then I did a rookie mistake. I tried to play off of what looked like a bottom, and you can almost see the inverted head and shoulders developing. We also had what’s called a dive trade and we had a Fibonacci retracement. Tried to get into a long position in through here. Got stopped out.
But then in the afternoon, I’ll show you a little more. Couple of these hook patterns continued to develop to the downside. Found support, eventually as we continued to work our way up, I don’t take many counter trend trades. We did see a little bit of a development for a long position. Working our way back up to the opening price. And then on into the close, not much into the afternoon.
Let’s go ahead and look at the shorter time frame chart. Here’s a shorter timeframe chart where we don’t generally trade from 9:30 to 9:45. Coming out of the no trade zone, right here at almost 10:00. I don’t trade within three minutes of the news report. So I did not take this, but the setup was still good nonetheless, right. So just something, the reason I put a yellow arrow is there is because that is the one I did not take. But in hindsight it’s always clearer, it did look like a really good trade. So something to learn from in the future.
And then what I talked about on the longer timeframe chart, it was really kind of early for us to be trying to get into that. So there was no entry. And then over here to the right hand side we finally had an opportunity at 11:00 to get long and the first target got off, the second target did not get hit. Held on, I think it ran right up to within 1 tick and came back and stopped me out for minus 3 ticks.
Then had an opportunity to get short and we talked about this. Even in the Shark Den we have our little classes that we talk about wave patterns and Fibonacci levels and things like that. The opportunity was, we generally have like an 8 tick stop on this particular trade, it came all the way up to within 7 ticks and would not have stopped us out and it would have been a profitable target 1 and target 2. I actually took 4 ticks stop on that.
Then we go to the no trade zone from 11:30 to 1:15 Eastern Standard Time. And as you’ll notice coming out, I usually look for one trade from 1:20 to 2:00 long, and this consolidation range, saw it a mile away and just expecting a launch higher which it did from 1:27 approximately on up into, for a total of 13 ticks, on up into the overhead resistance level right there at 1677 I believe, 1677.5. And then at 2:00, the answers at 2:00, we don’t want to be caught in any long positions. Now sometimes it will continue to push higher, but the overall percentage of the time it will selloff. So we do look for a shorting opportunity, again, the yellow arrow I did not take. Another opportunity to get short right in here. Nice pullback. Also notice that our momentum indicator caught up with us and pushed us down for a nice full 12 ticks.
Into the close, look at this. Take a step back and look at the almost sideways motion right into the close. No further trades for the day.
Thank you for watching. If you have any questions, please feel free to check us out at TraderShark.com. Thank you.
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.