No trades were posted today for Monday, September 17, 2012. We did have a great setup at 14:00 or 2:00pm EST for a short position that was mentioned after the fact. Some traders were able to take advantage of it. Let’s look for more volume in the weeks to come. Good trading to you all.
TraderShark

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.

TraderShark Trading Manual

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To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P and the Euro futures. Today is Friday, September 14th, 2012.
 
It’s the first day of our December contract trading. Those days tend to be a little bit choppy. We’ll go ahead and see how it develops here. The market opened up this morning here at 1455.50 represented by the white dotted line. These yellow lines are an opening range that we use. But I want you to notice we generally don’t trade from 9:30 until 9:45 Eastern Standard Time.
 
Coming out of the no trade zone there was a nice opportunity to get in on this trade for a quick 2 and 8 ticks profit, total of 8 ticks. And then if you didn’t get in there we had a nice little breakout for a potential hook pattern long and then an opportunity to get in here and ride it out for the day. I did not, it’s colored in yellow because I did not take advantage of that.
 
You know there’s a difference of taking fixed profit targets or have a trailing stop and that really depends a lot on your risk management and your using a trailing stop if you have a little bit larger bank account and that should work in your favor. In this particular case a trailing stop would have just not get out of the park today.
 
We tend to be pull back traders, so as this market continued to work its way to the upside, we’re looking for a pullback. Had some nice pull backs but no opportunities to get long. Crossed through our moving average. Gave us an opportunity to get short. Target 1 and target 2 were hit. In this particular case we knew that that steep of a run up was going to have a similar steep selloff so we increased our profit targets to the downside.
 
Once you get your profit target, if you did not get in on that trade, another opportunity to get short here. Standard target 1 and target 2 for a total of 6 ticks. Hitting our opening range. Not real sure what’s going to go on at this point. A lot of sideways movement. The wider the range the choppier the day. In this particular case, riding along the upper band. No interest to try and trade this. Just it would have been, you’re getting chopped out.
 
11:30 until 1:15 Eastern Standard Time is a period of lower volume, higher volatility. And coming out of the no trade zone, right back into the opening range. So again, no opportunities to taking any trades. You can trade in here; just know that you have a higher probability of getting a stop out. And here we did. Thought we were going to have a good break to the downside and we had a pullback. Target 1 was hit and we got stopped out for minus 2 ticks. So finished the day, finished the week very well.
 
To learn more about these and more advanced trade setups, or to get a copy of the Trader Shark trading manuals, please visit TraderShark.com. Have a great weekend and I’ll see you in the Shark Den on Monday 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.

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.

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
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, September 13th, 2012.
 
The market opened up this morning here at 1437.25. Right here in the middle of this Shark band. I want you to notice the narrow Globex range. We had I think what, 4.25 to 4.5 point spread and that will usually indicate a very narrow market for the U.S. markets. We did have jobless claims and producer price index at 8:30. They were within consensus range, so we really didn’t have much occur here in the opening part of the morning.
 
So you notice we stayed in between the opening range. Nice little break out of the opening range. Little bit of a head fake. Pull back. And you’re not seeing what we have is called a no trade zone at 11:30 in the morning. So we had no trades this morning and then the FOMC announcement came out at 12:30 and it just shot out right up to our first Shark band.
 
There was no opportunities. We generally trade on pullback opportunities. There was 1 clean pullback here. You’ll notice this is a higher time trading chart. We simply did not have any opportunities to trade during this no trade zone. It was very volatile. A lot of the indicators were conflicting. You can see a nice cross here on our momentum indicator for some people were able to get on a little bit of a run, but this thing just cut through our second Shark band like butter and then worked its way up. Third Shark band cut through like butter.
 
Again, we had an overwhelming situation where the government was going to buy back of the bonds by the government was less than half of what was expected. So we weren’t sure if that was negative news or if it weighed positive news on the market. The indicators were mostly pointing positive. We didn’t know it was going to run quite this fast and this high.
 
And we had the FOMC announcement as well as contract rollover today. So with that a lot of times we just sit on our hands. We don’t want to get caught in the chop or the volatility and as a result we did actually miss out on this good strong move up to the upside.
 
We finally had an overwhelmingly strong resistance here at 1462. That was a weekly plug number, as well as a monthly plug number. So that being said generally can run through by as much as 2 points. It ran through 2.25 points. And then we had a little bit of a selloff right into the close. So we basically had zero trades for today.
 
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.

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.

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Wednesday, September 12th, 2012.
 
The market opened up this morning here at 1437.5 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day. Coming out of the no trade zone had an opportunity to get short. Couple different opportunities here. We were really close to opening price so in hindsight probably not a good idea. We generally don’t trade within 1 point of opening price. Had an opportunity to get target 1. And from a very basic perspective you would have had if you got your stop in, you would have gotten stopped out for minus 2 ticks. Got target 1 off. Did not get target 2. Got stopped out.
 
Another situation. We also had an opportunity. Other indications were showing us that we should probably continue down and we jumped on with 2 more contracts. So you can range anywhere from minus 2 ticks to minus 12 ticks in this particular scenario. Conservatively minus 2. Aggressively you would have taken a 12 tick loss on that particular trade.
 
Price action pulled back to the moving average. And then it pulled into the direction we thought it was going to go. The selloff was consistent. And then we had another opportunity to get short. We wait for pullbacks. And you can see this pullback here did not give us an opportunity to get in. Here jumped in. Got target 1 and got stopped out for minus 2 ticks.
 
We then found a little bit of a support level here around the 1432 level. We thought we were going to go for the full gap fill and that’s why we got reduced risk stop here. Came back up. Crossed over our moving averages. We were in. I entered a long position. And got some of our internal indicators. We were trying to go right back into opening price, so I flattened.
 
And then our market internals gave us a little more indication we were going to continue higher. Another opportunity to jump in right here at around, just before 11:20. Long opportunity. Target 1 and target 2. Kept the targets really tight. Particular situation just because of the choppiness going on without the uncertainty of the FOMC announcement tomorrow. And we got a total of 6 ticks on that trade.
 
And then we went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone had an opportunity to get short. Got target 1 out. Got stopped out for minus 2 ticks. That’s okay. It’s just money management, right. We’re keeping safe.
 
And then we noticed a nice pull back to the moving average. Would have been a great opportunity to get in here. We had a tangled net going on at that time. Then a nice pullback. Opportunity to get short right there just before 3:00. Target 1 and target 2 were hit for a trend trade for a total of 10 ticks. And that was it for the day.
 
We do have a final no trade zone here at 3:50 in the afternoon. But there was a nice clean setup. You can see how it lined up. And our anchor chart confirmed for an opportunity to get another 6 ticks if you did. But we don’t generally take any trades in that no trade zone.
 
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.