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,
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the e-mini S&P futures. Today is Monday August 11th, 2014. Let me start off by telling you that we have a free webinar going on tomorrow. There are going to be seven investors, who will be presenting from 1:45 until 7pm tomorrow night. It is going to be followed by a free trial to our SharkDen. So go to the TraderShark.com website, go to the next live webinar, and click on that. It will take you over to the investor inspirations area. They are presenting us, Tradershark. I am going to be presenting 5 Key Elements Before Entering A Trade. There will be seven investment professionals on Tuesday August 12th, so come over and join us. Click register now and it will take you over to their page and you can get signed up to see us.
For what is going on in the market. We opened up at 1934 represented by the white dotted line. Where is the line in the sand? The line in the sand is down here at the 1926 area. As long as we are above 1926, we are bullish until we get up to 1942. Once we get above 1942, we are bullish until 1980. Now, if we break below 1926 we are looking for a lower move. In the meantime we are on a bullish bias. The market opened up, and from 930 to 945 we have what is called an opening range, and during that time frame it is a no trade zone. Coming out of the opening range, I had an opportunity to get long. I got the first target off, got stopped out for minus two ticks, a nice setup again and hit target one and target two for a total of eight ticks. Then we reached up to our next SharkBand, which you don’t see on this screen. We had an opportunity to go short, we got our first target off and started to bounce back. I wasn’t sure if this was going to continue and forced out for a total of two ticks, a total of four ticks to the downside. Then there was a nice pullback here for a continuation lower for a total of seven ticks. Then bouncing off of our moving averages, this was a nice long hook pattern on a higher timeframe chart. Yes, we had to sweat bullets a little bit, get a little bit of increased heart palpitations before we continued higher. On this trade, we had a total of eleven ticks.
That was pretty much it for the day going into a lunchtime trading zone from 1130 to 115 Eastern Standard Time. You can kind of see the sideways motion here. Then coming back and retesting the opening price. We kind of ran sideways here in the opening range. Not any other further movements until right here, you can see a nice little momentum move to the downside for a total of eight ticks into the close. To learn more about these and other advanced trade setups, or to get a copy of the TraderShark Trading Manuals please visit TraderShark.com. Have a great evening and we will see you in the SharkDen tomorrow, and the free webinar tomorrow night.
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.