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 futures and the crude futures. Today is Tuesday, September 17, 2013.
The market opened up this morning here at 1692 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day. Coming out of the no trade zone the market continued to grind higher. There was really no opportunities to pull back. 9:50 until 10:10 and right here at about 10:00 had a little bit of a pull back, kind of a head fake prior to a continuation higher. If you don’t get a pullback to break a significant level prior to going into this reversal zone, likelihood is continuation higher.
Our first opportunity to get in to a trade was right here at about 10:13. There’s actually two trades, you had a conservative trade, it went off, it’s called an extended wave trade. And target 1 and target 2, hit for a total of 6 ticks. We then had another extended wave trade here at around 10:30, target 1 and target 2 hit.
And for a longer term, more aggressive trade, we have what’s called a hook pattern, started also at 10:13. Now I traded 3 contracts. First contact got off at 4 ticks. And then the sideways motion got me out right over here. I took both contracts off at 1 tick. So took a total of 6 for the day, 3 trades, 18 ticks.
Now going into 11:30, we have what’s called a no trade zone from 11:30 to 1:15 Eastern Standard Time. And we also have a directional indicator that keeps up on our hands or sitting on the sidelines when you get this sideways motion chop. So in the meantime, going into the closing timeframe, I do want you to notice this, right up into the new trading hours 5:15 Eastern Standard Time, our hook pattern actually hit its target 2 at 1699.50.
Now, we have a special event going on next week. All next week we’re opening up our crude oil Shark Den. I wanted to show you if you’re interested in participating in that. We’ve got five free days of attending. Go to TraderShark.com. Go over here to the Members tab. Down on the Members tab, go ahead and click on the Shark Den – Crude. And what you can do is just scroll down midway, if you want to subscribe, join us here as a member. If you’re already a member of the Shark Den, the S&P and the Euro, you have an opportunity to join the crude rooms. They are two completely separate rooms, okay.
And we got a free trial. Go ahead and click on this free trial. It will take you to the registration link. And we’ll see you on Monday. Next Monday if you want to join us. And if you have any questions or you’d like to get copies of the TraderShark trading manual, please visit TraderShark.com or click on any of these links at the bottom of that page. Thank you. Have a great night and we’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.