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
Transcription:
Good evening traders, this is Brian with TraderShark.com an educational website to learn how to trade the emini, crude and Nasdaq futures. Today is Thursday April 17th, 2014. The market opened up this morning here at 1843.25 represented by this white dotted line. We generally don’t trade from 930 to 945. We did have an opportunity to do a pro-range reversal here. I got stopped out for minus four ticks. Just to see the market reverse and go in my favor. The market tested opening price and worked its way down through opening price. We saw a kind of sideways consolidation, no further trades at this point. We did have an opportunity to get long, eventually a little pullback here. I got my first target off and go stopped out for minus two ticks. Relatively choppy continuing on into the day. Another opportunity to get long, got my first target off and got stopped off for minus one tick, and then into the lunchtime trading zone.
The morning was pretty much uneventful. From 11:30 to 1:15 Eastern Standard Time, the market tends to be choppy. I don’t like to trade during that timeframe. There was a nice move here from 1:30 until 2 o’clock, the market tends to rise. I want you to see the nice setup here on our traderchart. At two o’clock, we don’t want to be holding onto any long positions. I want you to notice on this anchor chart we had a nice setup for a followthrough for our trigger chart to actually follow through for an entry here at 2:27. This was the trade of the day, a total of twelve ticks to the downside, target one and target two were hit. That was pretty much it for the day.
We have a free webinar coming up and a trial next week. It is very easy to register for it, go overhere to the TraderShark.com website and go to the home tab. Go to Webinar Specials, click on the Webinar Specials. You will see the series that we have going on Wednesday April 23rd. It is called: Support, Resistance and Avoid the Chop. This will take place at 4:30 PM EST and we are doing this in conjunction with Gibralter futures. I also have a free trial following on Thursday April 24th, we have a free trial in the S&P and Euro SharkDen. Then on Friday we have a free trial on the Nasdaq & Crude futures SharkDen. I look forward to seeing you all there. To learn about these and more advanced trade setups, or to obtain a copy of the TraderShark Trading Manual, please visit TraderShark.com. Have a great weekend and I will see you in the SharkDen on Monday morning.
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.