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 EMini S&P 500 futures. Today is Tuesday May 13th, 2014. I’m going to go over both Monday and Tuesday’s trades. Monday was a pretty good day and Tuesday was flat. So let’s go ahead and look at it, Monday opened up at 1882 represented by this white dotted line. We had one pro-range reversal for four ticks, another pro-range reversal for four ticks. If you traded two contracts that would have been for eight ticks. Continuing on, we come out of the opening range from nine thirty until nine fifteen and then continuing on a nice little opportunity to get long. Target one and target two are hit for a total of twelve ticks. Sometimes I’ve been asked when do I add onto a position. Here there was another opportunity for two contracts we had four contracts going in at this point. The last two contracts went in at six ticks, the first two contracts went in at twelve ticks. We have a yellow arrow, this was a setup but I did not take it and I explained why in the SharkDen. Then you can notice a lot of sideways movement going into the lunchtime trading zone. I want you to notice how narrow the lunchtime trading zone is from 11:30 to 1:15 Eastern Standard Time. Low volume, coming out of the lunchtime trading zone there was an opportunity to go long. Plus two, and then I forced myself out at plus two ticks, and then continued on another pullback for a total of eight ticks as the market continued to grind higher. That was pretty much it for the day, you can kind of see the sideways motion. From three fifty until four o’clock I don’t do any further trading.
Are you ready for this? Here is Tuesday May 13th, 2014. The market opened up at 1894.25. Now,yesterday our targets were 1888,1894 which we missed by three ticks, and 1904. So this morning opening up somewhere around 1894 was no surprise, had a lot of sideways motion. An opportunity to get in on a trade, got a no-fill. Had another opportunity to get into another trade and then forced myself out flat. That was it for the day. I want you to notice the sideways chop. We had a nice runup yesterday, and this is just a pure, slow grind. Market internal indicators were just not cooperating even though the grind was higher, there was really no reason for us to get into any trade. We sat flat on our hands all morning. Then from 11:30 to one fifteen Eastern Standard Time I want you to notice and see this sideways motion. There’s very little spread in here to make any money, then as the market continues to move sideways again just notice this sideways chop. That was it for the day we had two trades for zero profit for zero ticks. To learn more about this and other advanced trade setups, or to get a copy of the TraderShark Trading Manual please visit TraderShark.com. Have a great evening and I will see you in the Shark Den in the morning.
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.