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 afternoon traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Wednesday, December 17, 2014.
The morning of FOMC announcement I will generally talk about what to expect at the announcement timeframe, which you can see here is a standard pullback and continuation, or what’s called action, reaction, continuation. And with that FOMC operates just a little bit differently. The way the FOMC announcement would operate is a breakout in the intended direction, pull back below the initial starting point for a continuation higher.
What actually happened today? Today, generally we will see a movement from 9:30 until 11:30, we’ll see a burst in one direction and then it will run sideways into the announcement. The opposite happened this morning. We had sideways motion first part of the morning and then we had a little bit of a breakout, pullback, continuation right on up into the announcement itself.
What happened after the announcement? You see this horizontal line right here? This horizontal line was at 2:00, right there around 1985, 1986. Breakout, pullback, continuation. So did price action actually pull back below the initial starting point? It did. Continuation on up into 2010.
Did we even think it was going to make it to 2010? Once you get above 1980 the tendency of the market will be to gravitate towards 2000. Right, 1980 to 2000. Can we make it? That’s 20 points. The market opened up this morning at 1971.50. Can we make it? Well the five day average true range was 35 points. So the answer was yes, we can make it up to 2000. And the stretch was up to this 2009 – 2010 level. 2009 is actually a monthly S1. 2010 was actually a plug number that we calculated in the room. And look where our price action worked its way up to.
I hope that helps for the next FOMC announcement. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.
Month: December 2014
FryDay Selloff – Specials – Dec 12, 2014
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 afternoon traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, December 12th, 2014.
The market opened up at 2013.25 represented by this white dotted line. From 9:30 until 9:45 we generally don’t trade unless we have an exception to the rule. In this case we had what’s called a pro-range reversal. Put our position on. Did not get filled and it reached the first target. Cancelled the order real quickly.
And then we watch the market continue to push higher. We had an expanded opening range and we were going to see mostly sideways chop today. At 2020 the market will tend to gravitate towards 2000. Didn’t know we were going to see it later on this afternoon, but we had that in the back of our mind. We did have a trial day, so I was a little more alert to that.
We had an opportunity to get in here right at around 10:07 for an opportunity for target 1 and target 2 for a total of 12 ticks. Another opportunity to add on to the position with a no fill for a continuation without us. And then we had another opportunity to try to jump on. First target got hit. Got stopped out for minus 2 ticks.
Continuing on into the morning. Right around 10:30 we had a 10:30 reversal zone, which did not reverse. At that point we said likelihood continuation lower. Got our first target off. Got stopped out. Another trade, jumped on. This is many more trades than we’ll normally take, but today the market was moving. And so we had an opportunity for T1 and T2. Ten ticks on this trade and then we continued lower.
And then we find strong support level. We weren’t sure what was going to happen. There was a nice reversal here. Generally not much of a countertrend trader myself. So I got T1 and forced myself out on this one for 6 ticks. This is a nice setup. Did not get into it. We had a hook pattern setup here at around 11:22 for a continuation. T1 and T2 were hit; T3 did not get hit, for a total of 10 ticks.
Going into the lunchtime trading zone from 11:30 until 1:15 Eastern Standard Time. Again since it was a free trial day, I was watching and I was talking to some of the traders. We also had another hook pattern develop in the lunchtime trading zone. Then it was a nice opportunity to get in for T1 and T2 for a total of 17 ticks.
As we continued on into the afternoon they were taunting a lot of the traders to try to fade the 2013 level. Kept retesting it. Retesting it again. Ran their stops. Notice we’re not in any positions at this point. We’re near the highs of the day at about 2:00. On your time chart, when we’re near the highs of the day, we don’t want to be caught in a long position at 2:00. What happened here? Market broke through our moving average for a continuation lower. Nine ticks, T1, T2. Another pullback, another opportunity, T1, T2 for 9 ticks.
And the market started to accelerate to the downside. No buyers stepping in. Here we are working our way towards 2000. What did a lot of people do? 2000’s a big round number. The amateurs are going to try to buy into it here. I found a nice opportunity to jump in short. This does not occur during the trial period. Just for full disclosure. Hold on until the next support level, which is around 96, 95. Where did it end up? Right there at 96, 95.
And as one of the traders mentioned in the room, you know, you can’t have a pullback in crude over the last several months by $30 even $50 a barrel and not have some type of ripple effect throughout the economy. So this is a great opportunity for them to continue selling pressure to the downside, catching a lot of people going into the holiday season long.
With the free trial period we had a webinar special going on and this is run through December 14th at midnight, so take advantage of it. TraderShark.com, go to the Home tab, Webinar Specials. Then you have an opportunity to get into the Shark Den and the trading manuals, all for $249 or if you scroll down the page, you can actually get the manuals at a discounted rate as well as getting the Shark Den subscription at a discounted rate.
Have a great weekend everybody. Get your Christmas shopping done early, holiday shopping done early. And I’ll see you all in the Shark Den bright and early on Monday morning.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.
Contract Rollover and Festival of Traders Dec 10th
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. We also watch crude, gold, NASDAQ. I’ve mostly been trading crude lately.
I want to remind everybody equity index futures rollover is tomorrow. It’s going to be rolling-over at 8:30 Central Standard Time or 9:30 Eastern Standard Time. We’re currently trading the ESZ14, which is the December contract for 2014. We’re going to be rolling-over to the March contract or H of 2015.
So even though it was over at 8:30 tomorrow morning, we’re going to be trading the December contract, we’re going to trade the higher volume contract until about noon. Mostly don’t trade in the afternoons, but if you do watch the volumes. They’re going to be pretty much even. I tend not to trade in afternoons on contract rollover day. On Friday morning though we will be trading the March contract.
I’d like to also remind you of the Festival of Traders event going on this afternoon. Come join us with five other expert traders. To register for that event, go to TraderShark.com. Go to the Home tab. It says, Next Live Webinar. Here’s you’ll see the next exciting event. You can even actually click on Festival of Traders to learn more about it. You can also scroll down to Register Now. I’m going to be presenting at 4:30 to 5:00. The actual Festival of Traders runs from 4:00 until 7:00. So, going to be six 30-minute events which is nice consolidated below some ideas there. And you can learn more about it.
To reach the free trial we have coming up on Friday, December 12th, please feel free to register there. Thank you. Have a great trading day.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.
Equity Index Futures Rollover – Festival of Traders
Equity Index Futures; TF, ES, NQ and YM rollover on Thursday the 11th at 8:30 am CST time from the December 2014 contract to the March 2015 contract. The month code for March is ‘H5’. We will be trading the higher volume contract.
Join Festival of Traders and TraderShark with 5 Expert Traders on Wednesday, December 10, 2014. Brian will be presenting at 4:30pm EST on Keys to Market Timing. Registration. Sign up for Free Trial Friday, December 12, 2014.
Festival of Traders – December 10th
Join Festival of Traders and TraderShark with 5 Expert Traders on Wednesday, December 10, 2014. Brian will be presenting at 4:30pm EST on Keys to Market Timing. Free Registration. Sign up for Free Trial Friday, December 12, 2014.
Live Trading Lessons – 6 Experts
Live trading lesson next Wednesday. Click here for agenda of six speakers. Register for this free event.
To Successful Trading, TraderShark
Festival of Traders – December 5, 2014 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
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, December 5th, 2014.
We’re rapidly approaching the holiday season. We had a lot of sideways motion this morning. The non-farm payroll came out better than expected. And then we had a nice pullback right into about 11:30 for a push higher. This is called a hook pattern. That was good for anywhere from 11 to 27 ticks. First target’s 4 ticks, second one’s 50%, third one is 100% on that trade.
Continuation in the afternoon, and again, Friday afternoon, not expecting much movement. There was a gradual sell off. And then they reached their support level for a bounce. You can also see how our indicator gave us a nice push on into the close.
I’d also like to let you know about a webinar that we’ll be giving next week with Festival of Traders. I’ll be speaking with five other experts. If you’d like to register for that go to TraderShark.com, over here to the home tab. Next Live Webinar, click on that. It will take you over to the next exciting event – Festival of Traders. Scroll on down. Register Now. And then if you like we also have a live trading, a free trial in the Shark Den on Friday.
Look forward to seeing you all there. Have a great weekend everybody.
Link to Video and Transcription
The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.