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Bad News Afternoon Affect – Trading Video – Jan 30, 2014


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

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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures, the Euro futures and the crude futures. Today is Thursday, January 30th, 2014.
 
At 8:30 this morning we had a news report that came out. Jobless claims was above consensus range, meaning jobless claims was higher, which was bearish news. The GP was within consensus range. The market opened up this morning here at 1784.25 represented by this white dotted line.
 
From 9:30 to 9:45 we don’t trade. Coming out of the no trade zone we had an opportunity to get short for a total of 22 ticks. And then the market pretty much started to push higher, actually it was a grind higher within an opening range. Didn’t really get any opportunities to the downside. There’s actually a couple opportunities for hook patterns to the downside that I’m not showing here.
 
Worked our way back up into the opening price. And then you can notice the sideways motion. I know hindsight’s 20/20. And just before going into the no trade zone we had an opportunity to get long. Two opportunities one for 8 ticks, one for 15 ticks.
 
Working our way into the no trade zone, I’m sorry we call it a lunchtime trading zone. And I generally don’t trade during that timeframe. Some traders do. Coming out of the lunchtime trade zone. We do look for a potential push higher. We did not get that at 1:30. And then at 2:00 we had a nice selloff here for a total of 14 ticks. Could have held on for a little longer in that particular case.
 
Pushing sideways. And then, remember we talked about, we had two bad news reports, when the market goes up on bad news reports, we expect the news report to materialize in the afternoon. I told everybody about this about 9:30 this morning.
 
Coming into the afternoon close there was one opportunity to get short. Total of anywhere from 6 to 16 ticks. And then shortly thereafter another opportunity to get short 10 to 22 ticks. Going on into the close. And this is where if you’ve gone into the final no trade zone, if you’re already into a position, you can hold onto that position with a trail stop all the way down into the potential profit targets. We hit all our profit targets and then even busted through the final, our final target was around 1787 and it continued to go even lower than that.
 
To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manual, please visit TraderShark.com. Have a great evening and I’ll see you in the Shark Den in the morning.
 
Link to the Video and Transcription

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