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Good evening traders, this is Brain with TraderShark.com, an educational website to learn how to trade the emini S&P futures, the Euro and crude futures. Today is Monday, February 24th, 2014.

The market opened up here at 1837.75, represented by this white dotted line. We had a few technical challenges this morning. It seemed like the traders were having difficulties accessing the room. We had to change over our servers, and as a result while I was maintaining the emails and helping everybody get into the room, I was not able to take these first two trades.

There was a nice EWT, extend wave trade, long right there at about 10:48 or so. Shortly after that another opportunity right there going into the 10:00 time frame. There was no news reports, but we did have a reversal zone. So two opportunities to get into a long position. After the 10:00 reversal zone there was no pull-back, it did not break the significant level, likely a continuation higher. Three more opportunities to get into a long position. I was able to jump on for one real quick 9 tick trade.

Once we got up into the 1852 level, remember between 1850s kind of a natural magnetic number. It draws the people into it. And a lot of sellers are sitting up here. So what it will do is it will tend to spread by as much as two points and then consolidation. We talked about that in the room. And then I want you to notice our auto waves kicking off here, just helping reinforce our continuation higher.

Going into the lunchtime trade zone from 11:30 to 1:15 Eastern Standard Time, a lot of sideways motion. One of the primary reasons I don’t like to trade during that timeframe. I want you to notice price action continue to maintain below the moving averages. Any of these pull-backs could have been met with selling opportunities if you were a counter-trend trader, until it finally broke this line. Broke this line, a nice little pull-back, a continuation. Nice setup for continuation lower.

Now remember on the higher timeframe chart our Shark bands were very tight in through here. So once you get the Shark bands real tight it’s considered an aggressive trade. One opportunity to get long, anywhere from 6 to 10 ticks; 6 conservatively, 10 would have been more aggressively. And that was it for the day.

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 night and I’ll see you in the Shark Den in the morning.

Link to Video and Transcription

FryDay Review – Member’s Only

Posted on February 23, 2014 by admin

Traders,

A FryDay’s Review Video for Shark Den Members Only has been posted to Vimeo. Please check your email.

Have a great weekend,

TraderShark

Thursday – FryDay – Trading Video – Feb 20-21, 2014

Posted on February 21, 2014September 26, 2014 by admin

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 S&P, Euro and crude futures.

I’m going to go through Thursday and Friday’s trades. We had a free trial this week and of course Murphy’s Law hit. Bad news came out; market went up. Good news came out; market went up. Lot of sideways chop. We also had options expiration.

This is Thursday February 20th, 2014. This opening price here is 1827.50. Coming out of the no trade zone, we generally don’t trade from 9:30 to 9:45. Got an opportunity to get short; had a no fill. Just did not fill me in. I’m not one for chasing trades.

Continuing on into the morning, another no fill. You can see our nice auto wave fired off. Had our buy order in there and it did not get filled. And then had another opportunity to get in. Got my first target off and then got stopped out by market internals for plus zero. And then this is a hook pattern, which is considered an aggressive trader’s trade. Had an opportunity to get in at the highs, then got tagged for minus 4 ticks on each contract, so a total of minus 8 on that.

So starting out the morning was pretty rough. At 11:30 until 1:15 Eastern Standard Time gradual grind higher and then coming out of that we have a nice little 2:00 trade. This was a nice 2:00 trade setup. It did not sell off. Generally see about a 3 point pullback here. Did not. Got our first target off. Got stopped out for minus 1 tick.

While we may not have been profitable, we certainly were very protective of our PNL and we took minor losses today. You can see this right into the afternoon on Thursday afternoon sideways chop right into the close. 3:50 until 4:00 PM Eastern Standard Time is our final no trade zone.

Now let’s go ahead and look over at Friday. This is Friday, February 21st. Almost identical setup on a couple of these trades. Also, it was options expiration. And I know, I’m human, right? It didn’t really dawn on me when you first started trading, but this is options expiration Friday. I never trade on options expiration Friday, but I did today. Let’s go ahead and see what happened here.

Opening up at 9:30 to 9:45, again this is Friday. Coming into our first 15 minutes we don’t trade. Going until 2:00 mistake, I realized it afterwards and hindsight is always 20/20. But this is right in the middle of a reversal zone. We don’t know it’s going to reverse until about 10:10 in the morning. This is right at what, at 10:03, and I went long. Got my first target off, got stopped for two ticks.

So again in hindsight had another opportunity to go short, what do we do? Went short right into another reversal zone, 10:25 to 10:30. I know it’s not funny, but it’s real. And certainly took these losses live in front of everybody. Going on we had our pull-back above our moving averages, nice. Had an opportunity to get long, but I want you to see, this took a little bit more pressure. Look at our trendline wave trade breaks. The difference between a zero line and an oversold area for continuation higher.

I want you to see this 6 ticks was well-earned, took a little bit of heat to the downside and this second 6 ticks, this is if you’re trading 2 contacts and you trade another 2 contracts putting 4 contracts in long. And it’s pretty aggressive, 2 and 4; a total of 6 ticks, not much. And then right, immediately after that identical trade setup, hook long aggressive. Took a minus 4 ticks on 2 contracts. Again, still maintaining a good money management and maintaining a good relative profit loss. No, we’re not going to be perfect at winning every day. This week was a rough week for us, no doubt.

11:30 to 1:15 Eastern Standard Time, look at the sideways chop. Now ordinarily I would say, no trading on options expiration day. So we kind of watched it, we did see some sideways motion. We saw minor megaphone patterns. An opportunity to get short in through here, thought we were going to have some heavy sell off. Why? Because of the news report earlier. Got our first target off, took a stop of minus 4 ticks. And then this is the one that hurt the most. We don’t see these very often, but I took a full stop out; 16 ticks, 2 contracts, 8 ticks each. It was a $200 loss right there.

Going on into the day pretty much thinking we’re done, and right in towards the end we had a hook pattern short. I know it was a very aggressive trade. I popped on 3 contracts on this particular trade, T1, T2, and T3. T3 was not hit. T1 and T2 were hit. As long as you’ve got your first contract off you can hold it on into the no trade zone. Both first and second contracts were hit. The third contract was not and we forced myself out before this market were to go sideways into the close. So hope you enjoyed that.

If you are interested in taking advantage of the webinar specials, please feel free to go to the homepage on TraderShark.com. And touch that Home tab and you’ll see Webinar Specials will drop down. The webinar is still up and running, and also the specials. Currently what I have right now is the free trials are over for this week. Try to get something first part of March. And then the trading manuals, all four trading manuals for $149. And then I’ve got two for one special on the Shark Den. So come join us if you want to see this. If you want to do another free trial let me know. We’ll go ahead and get that setup. I know we had some challenges this past week.

Thank you. Look forward to seeing you in the Shark Den. Here’s to a profitable trading week ahead.

Link to Video and Transcription

News, what news? – Trading Video – Feb 19, 2014

Posted on February 19, 2014September 27, 2014 by admin

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, the Euro and the crude futures. Today is Wednesday, February 19th, 2014.

The market opened up this morning here at 1832.50, represented by this white dotted line. We had a couple news reports out at 8:30 this morning. Housing stats was below consensus range, which generally would have a heavy selloff. The market continued to grind higher, so I was not looking to push any positions higher. We did have a nice little momentum move higher. Did not get into any trades. And generally if the market moves higher we tend to look for a selloff into the afternoon to meet the news report.

So with that, kind of had a negative bias. We stayed above the moving averages. Remember trade what you see, not what you believe. And the market just would not stop. Regardless of all the negative news we’ve seen this week and last week, the market continues to move higher. So the only good trade that we saw here is right there at about 10:22 or so, an opportunity to get target 1 and target 2. We have what are called trendline wave trades and extended wave trades. And then we had an opportunity to go short. I do not take huge profits on short and countertrend trades. I’m not a big proponent of trying to call a top or calling a bottom. So what we did is we had a little break below our moving average, nice pullback, continue. You know, quick $75 on 2 contracts, not a big deal.

And then we went into what’s called the lunchtime trading zone. No further trades at that point. We had a nice little selloff going into the lunchtime zone. Tested opening price, a lot of traders believe to buy off of the opening price or fade it. Coming out of the lunchtime trading zone, had an opportunity to get in long again it was right there after 2:00 and in this case I got my first target off, got stopped out for minus 3 ticks on that second contract.

Price came back down, retested opening price again. Again mostly chop. I mean, you can see this from a distance in hindsight. And there was one final opportunity to get in, doesn’t seem like much. I was going for 2 and 8 ticks on this particular trade, and then my market internal told me to get out, only to see the market continue in the direction of the selloff. Got a total of 4 ticks on that, so it was a slow day. It was a profitable day and that’s it for the day.

I want to remind everybody we had a couple challenging days especially happen during our trial period. Please feel free to check it out. If you have any questions email me and I’ll talk to you all bright and early in the morning. Thank you.

Link to Video and Transcription

Days Like These – Trading Video – Feb 18, 2014

Posted on February 18, 2014September 27, 2014 by admin

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 S&P emini futures, the Euro and the crude futures. Today is Tuesday, February 18th, 2014.

The market opened up this morning here at 1837 represented by this white dotted line. We also had an opening range in through here, but a picture’s worth a thousand words. We actually see a higher timeframe chart here. A break out of our opening range after the news report, right? Housing market’s index came out and it was below consensus range, worse than expected. And with that I was expecting a continuation lower.

Came out of the opening range, had a nice little pullback on a lower timeframe chart to get in. Got stopped out for a total of minus 8 ticks. Price action worked its way back into the opening range. Consolidated around the opening price. I was telling traders that I was looking for a long opportunity above 1841. I was looking for a shorting opportunity down below 1833. And price action just continued to chop in between these Shark banks and opening price, not giving us any further trades. You can see kind of a mini megaphone pattern, that is higher highs and lower lows. And that was it for the day.

Here’s the irony. The irony is we were looking for a price pullback deeper. In other words, if news comes out and the market pushes higher, price action tends to materialize towards the news report in the afternoon. It didn’t actually occur until after market close.

Let’s go ahead and check out the Euro. This is the Euro futures. We tend to watch them from 8:30 in the morning until about 11:30 in the morning Eastern Standard Time. The European market closes down at about 11:30 Eastern Standard Time. It opens up at about 3 AM. Obviously we don’t watch it at 3 AM, we would not be able to get any sleep.

There was really no opportunities to get into any trades. We were letting the market kind of materialize. The first opportunity we really had to get into the Euro was after the news report in the U.S. market. An opportunity right here at about 10:04 or so, an opportunity to get long, target 1 and target 2 are hit. If you didn’t get that one, another opportunity arose down here with our momentum indicator for a continuation higher, T1 and T2.

And then as we go into 11:30 I did get into a trade. I did not realize the time, that was totally my mistake. So I flattened out of my position and I did get 2 ticks on it because I got in 1 tick better than the entry price. But aside from that I immediately flattened myself out because the European market had closed down and I did not want to be messing around with a lower volume timeframe.

As a reminder we still have the free trial going on this week in the S&P emini futures for today and tomorrow. The crude futures is for Thursday and Friday. Go to the home page of TraderShark.com. Click on Home. There’s the Webinar Specials. You actually have an opportunity to view a webinar previously recorded right here, right there. And then if you scroll down, go ahead and see the opportunity to log in for the free trial again for tomorrow. And also for Thursday and Friday for crude.

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. See you tomorrow morning.

Link to Video and Transcription

Valentine’s Day – Trading Video – Feb 14, 2014

Posted on February 14, 2014September 27, 2014 by admin

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 futures, the Euro and crude. Today is Friday, February 14th, 2014. Happy Valentine’s Day to everyone.

I want to let you know the market opened up here this morning at 1823.25. And we have what’s called an opening range. Price action pretty much went sideways. Once we got out of this opening range we had a nice little pullback for a continuation higher. A nice quick 12 ticks with 2 contracts or more if you had 3 contracts and you held on long enough. I want you to notice the pullback did not go deep enough to stop you out. You would have worked your way up for the full T3.

A second, now this is more of a challenge, we talk about aggressive versus conservative trades. This is a longer timeframe chart. This target 1 and target 2 were hit relatively easily. T3 was way up here, and again, if you’re willing to hold on that long, this was a grind on lower volume and just pushed right up. I did not. I got out right there at 34.25. Depending on how many contracts you traded, this is more of an aggressive trader’s trade. This would not be a conservative trader’s trade. This would certainly be a conservative trader’s trade. We talk about that in the Shark Den. I also want you to see from a momentum perspective, momentum was in our favor also.

Why was this not a conservative trader’s trade? I want you to see this little pullback here. See that little pull back? It broke a previous significant level and with that, that would have been looking for a potential opportunity for a continuation lower. The aggressive traders have a little bit deeper bank account, they could have weathered a stop. You always got to be thinking about how much you could potentially lose. And if they did, that was a successful trade.

Okay, let’s go and look at a lower timeframe cart. From 9:30 to 9:45 we generally don’t trade. In this particular case the market took off. We had consumer sentiment report at 9:55, and that was within consensus range so it was really a non-market moving event. But with the lower volume, the continued grind higher, there was really no opportunities to trade in through here. This happened a little bit faster than expected, directly after that news report.

And then there was an opportunity here, a nice little pullback. This was really the only conservative trade I saw. First target hit, and then if you’re trying to go for a full 2 point target, there’s a Shark band right here. So you could have either taken plus 2 or plus 4, total of 6 ticks, which is not very much. Or if you held on for the full 8 you would have taken a reduced risk stop out all the way over here.

Did have an opportunity to get short. Notice we broke below the moving averages. Pullback, continuation lower. The first target was hit and then forced it out based on internals. Took a plus zero on that trade.

We have a lunchtime zone from 11:30 until 1:15 Eastern Standard Time. Again, you’ll notice I colored this yellow, I did not take this trade. There was really two strong Shark bands here at 33 to 34. I think the next one was 35 to 36. I don’t remember specifically. And if you held on to this, and we had some traders in there, I know there’s some a little bit more aggressive traders that would have held on longer. If you took it from a conservative perspective, I want you to notice momentum is in your favor. Could of gotten anywhere from 10 to 32 ticks. I did not get this trade. Hindsight’s always 20/20, right?

Let’s go ahead and continue on. And then going into the close, there’s two really nice clean setups here. Again, I don’t take much profit on countertrend trades. In this case it was two nice setups. You can see the momentum is in your favor to the downside, 6 ticks and 6 ticks. If you took only one of those trades or both of those trades. Either one of them was successful.

We have a free trial coming up this coming week in the S&P emini room we’re going to be trading on Tuesday and Wednesday. Make sure you sign up. You can go to TraderShark.com. The crude room is going to be for Thursday and Friday. Go to the home page. Click on Webinar Specials. You can actually see a webinar. I was going to present it on Monday which is President’s Day. You can register for the free trial, both crude and the Euro and take advantage of any special offers we have, and the offers will be available until midnight on Friday night. Thank you. I’ll see you on Monday morning.

Link to Video and Transcription

Shark Den Free Trial – Feb 18-21st

Posted on February 14, 2014September 28, 2014 by admin

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 afternoon traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P and the Euro futures. We also have a crude Shark Den as well as I’ll be adding gold and the NASDAQ.

I wanted to remind everybody that we do have the free trial for this month coming up next week. It has gone out as an email to all of those who were interested, but those of you who have subscribed to the Shark blog, I wanted to let you know how that’s going to work.

So you go ahead and go to TraderShark.com. Generally I’ll have a webinar the day before a trial. Was not able to do it this time because we have President’s Day as the holiday on Monday. So I actually have a pre-recorded webinar.

Go over here to the Home tab. Click on the Webinar Specials. At the top of that webinar special page you’ll see View Webinar. If you click on that webinar, you’ll see the recorded session. And then as you scroll down, you will go ahead and see the free trials for the Shark Den and free trials for the crude. And at that time if you want to take advantage of the specials we currently have going on. There are all four trading manuals for $149. And also, the Shark Den now, the membership is $178 a month. We’re offering two for one on that.

So again, go on back. Check out the free trial. And listen to the webinar; it will give you a brief introduction as to what you’ll expect to see.

I look forward to seeing you all on Tuesday and Wednesday of this coming week. Thank you.

Link to Video and Transcription

Bad News Market Higher – Trading Video – Feb 13, 2014

Posted on February 13, 2014September 27, 2014 by admin

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 and the Euro futures. We also have a crude Shark Den.

The market opened up this morning here at around 1803.25. If you don’t see it, it’s right here below the blue band. And generally we get down by over 10 points this morning. And when we see a gap by that many points generally we will look for a continuation in the direction. However, the price action did not give us any hint of continuing lower. We had two bearish reports and the market continued higher. And so we always talk about trade what you see and not what you believe. In this case our indicators as well as our market internals were continuing higher.

First trade, easily 19 ticks. Second trade anywhere from 12 to 36 ticks. That’s the difference between using 2 contracts and 3 contracts. Once you get beyond two separate hook patterns, 2 contracts and 2 contracts. All in all it was a great day. And we had some final targets up here around 1827. I did not hold on that long. I actually exited down here on the 1823.25 level.

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

1800 Finally – Trading Video – Feb 11, 2014

Posted on February 11, 2014September 28, 2014 by admin

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 futures on the S&P, the Euro and crude. Today is Monday, February 10th, and Tuesday, February 11th.

This is looking at Monday’s screenshot. And this is on a higher timeframe chart. I just want you to notice there was a lot of sideways motion; we stayed within our opening range. There was an opportunity to get long right in here, first thing in the morning. Right there just a little after 10:00. And I took a full stop out at minus 14 ticks. Had another opportunity to get short right in here, just before the lunchtime zone, took a minus 2. And then there was another trade. We were talking about once we got above that 1790 level to watch for the 1800 level to be reached and it didn’t actually occur until after around 8:00 that night in the Globex range. There was also I believe another trade in through here where I got a reduced risk stop out of my minus 2 and 3 here.

Let’s go and look at Tuesday. This is Tuesday morning here. We had pre-market, we have one trade setup in the room. We watch as it works its way toward the gap fill, which is down here around 1795. And that was good for 12 ticks. A lot of traders were not in the room yet until about 9:30. We then had what’s called a pro-range reversal for a total of 4 ticks here. The market opened up this morning at 1796.25 represented by this white dotted line.

Coming out of the no trade zone we had Janet Yellen speaking this morning at 10:00 and for the most part I prefer to sit on my hands during any time that the talking heads are live broadcasting. And that would be whether it’s the President or whether it’s the Federal Chairman and so in that regard I didn’t take any trades. I pretty much sat quietly on my hands. You know, a lot of traders wanted to try and play in through here, but it was not my idea of a good time.

We had one opportunity that was a really clean setup. The market internals gave us a second shot across the bow for a continuation higher. So textbook trade would have been about 9 ticks once you got into the lunchtime trading zone. And I was able to get in a couple of ticks a little bit earlier. Told everybody in the room that.

From 11:30 to 1:15 Eastern Standard Time is called a lunchtime trading zone. I generally will not trade during that timeframe. Coming out of that timeframe. We‘re careful about any long positions after 2:00. I actually got an opportunity to get into a short position, got my first target off. Got stopped up at minus 2 ticks. And then the market just took off. We were looking for opportunities, I want you to notice the wave trades were firing off long, firing off long. And then we actually hit the high of the day right there at about 3:20 or so. You just don’t see the highs of the day breached from 2:30 to 3:30 in the afternoon.

And then going into the close there was a final trade towards the downside and on into the close. So it was a relatively quiet day. There seemed to be movement in the market, but I sat on the sidelines most of the day because of the broadcast of the Federal Chair.

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

Turn a Losing Day into a Winning Day – Video – Feb 7, 2014

Posted on February 7, 2014September 27, 2014 by admin

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