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Quadruple Witching – Trading Video – March 21, 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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Transcription:

Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the E-mini  S&P, Euro and Crude futures. Today is Friday, March 21st, 2014. Quadruple Witching, that is where the stock index options expire, the stock index futures expire, the stock options expire, and the single stock futures expire. The market opened up here at 1872.25, represented by this white dotted line. We generally don’t trade from 9:30 to 9:45, we do have a small scalping technique called a pro-range reversal. We had an opportunity to get short, and I got forced out of my position for minus two ticks on this trade. I got the first target of four ticks on this trade, and then once we got through the moving average I had an opportunity to try and get short on this Fibonacci trade. I had a no fill at that price.

As price action went in, again we saw quadruple witching. When we see this, we know that it is going to be choppy. There were no other news reports that we had; right here just below the opening price we had an opportunity to get short. Target one and target two was hit for a total of eight ticks. Another opportunity to trade, I traded three contracts, two ticks, ten ticks, and ten ticks on our way to the downside. As we worked our way back up into the opening range, we had sharkbands above, we had our sharkline there. Everything was kind of stopping us from getting into any trade. We had no visual representation that would give us any opportunity to get in. Then, when we went into our lunchtime trading zone I was pretty much done for the day at this point. The market went sideways and dropped off at about 1:15 Eastern Standard Time. I simply did not trade this afternoon because of the volatility. A lot of traders did take off, and left. I was looking for an opportunity to get in, but nothing really presented itself that I was interested in. I hope that you all have a great weekend; we will see you all bright and early Monday morning in the SharkDen.

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