Learn to Day-Trade the Emini S&P Futures
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Daily Trading Video – June 20, 2012

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.

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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures.
 
The market opened up this morning here at 1351.50. We have an opening range here that generally it tends to be choppy. Knowing that the FOMC announcement was coming in at 12:30 Eastern Standard Time today, we did not take any trades in this zone.
 
From 11:30 until 1:15 Eastern Standard Time is a no trade zone. However in this particular case we were watching it. We don’t trade the news itself. We trade the reaction to the news. Initial price move was down. Nice clean 50 to 61% retracement. Got in for this trade. Target 1 got hit. We got stopped out for minus 2 ticks. Not a big deal. We know our stop’s really tight on this type of volatility.
 
Coming back through, did not follow through to the downside. Got stopped right here at yesterday’s gap fill. And also the Shark Band held substantial support. Retracement back up into our initial starting price from the news report. That’s a bullish move in itself. Nice little pullback. Continuation for target 1 and target 2. A total of 20 ticks on that particular trade.
 
Working our way back up into the opening price, we did have an opportunity to get short. Target 1 got hit. Got stopped out for minus 2 ticks. And shortly thereafter another opportunity to get short based on our trade signals to get short. Target 1, target 2 hit for a total of 12 ticks. Could have held on a little longer, but we ran right into the Shark Band.
 
Shortly after that, right at about 3:30, another opportunity to get long. In this particular case I had two different trading accounts going. I had one that got stopped out for minus 2 ticks because my stop was way too tight. And shortly behind that I had another trendline wave trade continue on for target 1 and target 2 for a total of 12 ticks.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’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.

 

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