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 futures. Today is Thursday, March 21, 2013.
The market opened up this morning at around 1543.75 represented by this white dotted line. I just want to give you a little indication as to how these Shark bands work in the Shark Den. I want you to notice the red bands on the top are potential selling areas. Blue band is right around the center. The green bands on the bottom are more buying areas. Even through when the market opened up here about 9:30 we saw, our indicators were telling us a lot of them continued to the downside and we had a Shark band here, we were actually looking for a potential buy opportunity.
Traced them back up to another Shark band, continuation. This really was an opening range in through here, and we didn’t find many opportunities to trade. Break out to the downside, there was a actual hook pattern that established. Took a little bit of heat, continuation. Target 1 and Target 2. Target 3 did not materialize. We would have got stopped out on the third contract. You can see here we had an inverted head and shoulders. Did not materialize. Didn’t break the neckline or close above the neckline to continue. As a result, a continued selloff into the close.
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.
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.