Congratulations to TraderShark for winning the Quarter Finals Four Trading Challenge sponsored by Infinity Futures on December 7, 2012. Brian will now compete in the next trading level. Date to be announced in the near future.
Year: 2012
Dec 7, 2012 – Daily Trading Video
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,
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 Friday, December 7th, 2012.
We had an infinity futures trading challenge this morning, so the Shark Den was not open until about 10:40 AM Eastern Standard Time. However, I’m going to go ahead and look over, what happened this morning is the market opened up at 1418.25 represented by this white dotted line. Now the trading challenge started at 9 AM Eastern Standard Time and went until 10:30 AM Eastern Standard Time. We generally don’t trade the ES until after 9:45. The Euro was flat. There was no trades that went on there whatsoever.
Looking here on the ES, I did not catch this trade, it was, you know, hindsight is always 20/20. But I went back and notice that’s why it’s colored in a yellow arrow. But in this particular case we had a nice clean pullback to the moving average for a continuation. Just total of 6 ticks because we were still just barely outside of the opening range.
As price continued, I took no trades during the trade competition until right here at exactly 9:59 and, you know, of course Murphy’s Law kicks in at this point, right. Of all trades, we seldom take full stop outs, but when we do it hurts just like anybody else. We got in here at 1414.25 for a short position to the downside and took a full stop out. All indicators were in our favor. This was just one of those days that you’re going to get tagged and you have to take that as part of business, right. It’s just like any type of business, you’ll take losses. And hopefully in the end you’ll take more gains than you will losses. The market did not really bounce. It just ran up. Took the stop out. Went sideways. And look at the continued sideways motion.
Now let’s go ahead and look at the higher timeframe chart just one moment. Now when I say a higher timeframe, I’m just simply looking at what we call as an anchor chart. And we have an opening range. And when price action broke out of this opening range for a nice clean pull back, we have what’s called a hook pattern established. And our target was down here at around 1409.5. We talked about it. But again, this didn’t occur until after 10:30 or after the trading challenge. I’m going to show you exactly when a nice clean entry occurred. What’s the timeframe here? 10:24. So it was just setting up for a nice perfect trade. You set up with an anchor chart. Longer timeframe. And then you go to your trigger chart to fire off for an entry.
Now we’re going back to the trigger chart. Notice how we continue that sideways chop. So as we continue to work our way to the right, we don’t know what’s going on the right-hand side of the screen. But right there at exactly 10:30 if anybody was listening, I said there’s a trade setting up right now. It was right at 10:30 just as the trading competition was ending. Look at this, as I click that you can’t really see. Some of the Shark Den members were able to take advantage of it because they saw it. However, this is what continued for the day. A quick 10 ticks to the downside. Two contracts. Target 1, target 2 were hit. And for the rest of the day, now I have a yellow arrow there because I had it set up. I did not take this trade because I was right there at the end of the trading competition. There was comments and questions and things like that going on.
We then had another opportunity to get short here. However, I was able to take one trade after the competition this morning, right here at about 11:00 in the morning. Took a downside trade, 10 ticks and finished the day. And there were really no further trades. And just look at the price action. How we just continue to hover around this moving average and into the no trade zone from 11:30 until 1:15 Eastern Standard Time. And just a continuous sideways movement. No room for us to get a push an pullback and go. But in the meantime we wait for pullback. Did not see anything on into the close here at 4:00.
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. Have a great weekend and we’ll see you 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.
Dec 6, 2012 Euro and ES Futures Trading
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,
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, December 6th, 2012.
We’re going to do it a little bit differently today. I’m going to show you this morning the ES was really choppy. So what we did is, we kind of shifted over in towards doing the Euro. And we trade the Euro from 8:30 until about 12 noon.
And I want you to notice this is an opening range. Once price action broke through the opening range to the downside we had a nice little hook pattern to the downside. A couple clean trades here. Look at the retracement never even broke the swing high. Another hook pattern. Another hook pattern. Each one of these hook patterns could have been met with selling signals. Another hook pattern. And once you get down after the second or third hook pattern you want to kind of be a little cautious. It appears that you’re getting toward a Shark band. So we were pretty much done right here. But this thing just continued on based on some of the comments by Droggy earlier today.
We were trading the Euro earlier this morning. And the ES here, I want to show you just the sideways movement. You really don’t want to get involved in this type of chop. We had an ADX that was telling us just no direction. The bulls or the bears did not want to take control until right here at about 10:30. We did have a pop, an opportunity to get long. The yellow arrow means I did not take advantage of it personally in my account. But I want you to see there’s an auto wave indication.
We have another auto wave indication a little bit after that entry. So that was a total of 18 ticks. When I decided to get in of course, I didn’t even get my first target off and I scaled out. I forced a stop at minus 3 ticks each for a total of minus 6. And then I thought, well great, we got a reversal. We were still above the moving average, so it was a mistake, but nonetheless I took it. Then I got stopped out for minus 4 ticks.
Then we go into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time. And we continued on sideways motion. Coming out of the no trade zone, we did have a little bit of a break above our moving average. Pullback. Nice opportunity to get long. A total of 10 ticks with 2 contracts. And worked our way sideways.
Another opportunity. I only traded 1 contract on this trade. I took it short. And I go, you know, I wasn’t 100% certain with 1 contract I took a 5 tick loss. And then as soon as you take a loss in one direction, turn right around and got long. Target 1 and target 2 hit for a total of 7 ticks. And then right in before the last no trade zone of the day, target 1, target 2 for a total of 8 ticks.
I want to thank you for watching. 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. Have a great evening. Come join us tomorrow for the infinity challenge live trading. I’ll see you in the Shark Den in the morning. Thank you.
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.
Trading Competition – Dec 5, 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.
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, December 5th, 2012.
We have a second annual trading challenge sponsored by Infinity Futures. If you’d like to register, it’s for free. And you get a chance to watch eight different traders, two per day. And try to win a position as being the best trader of the eight.
And with that you can go to the website TraderShark.com. Go to the News and the Blog section. And then this is where you’ll find the second annual trading challenge. You can click anywhere in through here. You can watch, I actually trade on Friday, December 7th. And that runs from 9 AM until 10:30 AM Eastern Standard Time. But it will take you directly to this page. And then what you can do from there is you can register and get a chance to watch us for free.
And with that let’s go ahead and check out how the results were for today. So the market opened up here at 1406.75. We had a lot of sideways movement, sideways consolidation. No real trades. We had a couple news reports that were positive.
Following into the day we watched what’s called an ADX, a directional indicator. And as long as that stayed below 15 we just chose not to take any trades until we had a nice clean break to the downside. Pullback. We had an extended trade. We had a second chance opportunity. One yielded 7, one yielded 18 ticks.
And then we had another pullback. Notice this 1401.5, this was yesterday’s low. As well as our projected daily low. As well as the Globex range low. So we knew that was going to be a prominent level on our return. Broke through it. Pullback. Took a little bit of heat. Continuation. Only took on 6 ticks from this trade. Even though we left a little bit on the table. It was a safe move. And we also had our auto wave kick in to go to the long side. So we really didn’t want to fight against that.
Continuing on into the day. This was the best trade really of the day. I did not take full advantage of it. We had a nice pullback. And knowing that we’re going into this 1401.5 level. Notice the chop we had going on. I wasn’t really sure that this thing was going to break through. So I only too 2 ticks and 4 ticks. Total of 6 ticks on this trade. And this thing just ran. It took off into what’s called a Shark Attack trade. I don’t know if any traders in the room had actually trailing stops on this, but you look for targets on this one of 1403.5 and 1405.5. And then we worked our way back up to the opening price. Which you would generally see a retracement.
Now notice we’re in a no trade zone. Prior to a no trade zone, if you’ve gotten your target 1 then you can go ahead and let it run and either get your profit target taken or you get stopped out. But you don’t enter any new trades. And this thing just would not stop. I know President Obama was speaking in the middle of the afternoon.
And then from this point forward we had no further trades for the afternoon. Continued to work its way into the close.
I hope you all did well. Come join us for the trading challenge with Infinity Futures. And I’ll see you in the Shark Den in the morning. To learn more about these and more advanced trade setups, please visit TraderShark.com. Thank you.
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.
Live Trading Competition – This Week!
2nd Annual Trading Challenge
Join us for the live trading competition sponsored by Infinity Futures.
Click here to register for this free event. Watch 8 traders use their personal trading skills to try to win the Infinity Challenge.
View their charts and listen to their comments prior to placing a trade.
This trading challenge is from December 4th – 14th.
Click here to register for December 7th challenge between Brian Rehler and Hubert Senters.
To Successful Trading,
TraderShark
4 Days in 1 – Trading Video
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,
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. I’m going to go over four days, Monday, Tuesday, Wednesday and Thursday in this particular video.
I want you just to see the consistency of, we had a relatively narrow Globex range and a narrow opening range, which clearly indicated a choppy market. Fake out break out to the upside. Again, this right here is on November 26th, on Monday. Fake out break out to the upside. Fake out break out to the downside. Fake out break out to the upside for a continuation into the close. So it was a pretty choppy day. We knew it. We knew it the opening range timeframe. We knew exactly what we were going to see.
Tuesday, November 27th, we had almost an identical setup. Fake out break out to the upside. Fake out break out to the downside. Another fake out break out to the upside before it broke to the downside and on into the close.
On Wednesday we had a little better action. Little broader Globex range. The opening range here we did have a nice breakout to the downside with a hook pattern. Start out, did not quite reach the end. We then found ourselves back into the opening range for a breakout. Nice little hook pattern setup. Failed hook pattern setup. Another follow on hook pattern setup for a continuation and found resistance right in this Shark band.
We then had a nice pullback going on into the previous day’s lows. I think it was like 1395.50 at that point. Get a nice clean entry down here. Took a little bit of heat. For a launch. This particular trade I took 3 contracts. First contract off at 8 ticks. Second contract off at 14 ticks. And the third contract off at 18 ticks. The targets were 1397.5 and 1399.5. And then we’re out.
We let the market run sideways as it usually will do. And then there was a nice little pullback here. Anybody else if you would have held on to that with a trailing stop you had an ultimate target up here around 1406, 1407, actually 1407.50 I think was the final. And then let everybody else do all the fighting into the close.
So for Thursday, November 29th, we had a pretty decent size Globex range. Narrowing opening range. Expecting another type of choppy day. And we had a hook pattern setup, failed. Another hook pattern setup, but in this particular case we had a news report, not actually news report, we had Boehner came out and indicated they were still having a challenge trying to come to some type of resolution. And the market dropped off relatively quickly. So in our particular setup we may have gotten 3 ticks, 5 ticks, possibly even up to 8 ticks and then we’re out. We did not know this thing was going to follow through so quick.
And then Harry Reid came out and did a follow on commentary. So we got the battle on the political hill there. And price action immediately retraced and worked its way back up into the opening range. So we knew this was just a type of shakeout before it was going to continue higher. And we just went sideways on into the close.
And that was it for the week. So we had a pretty choppy week. I think we have a lot of conflict between the uncertainty. Market does not like uncertainty and you’ve got the fiscal cliff that they don’t know about. Yet we’re right in the middle of a Santa rally where the retailers are supposed to be going from their red numbers to their black numbers. So exercise caution in each one of your trades. It’s okay sometimes to take smaller scales. Taking your 3 ticks, 5 ticks, 8 ticks. Unless of course you have something a little more prominent setup where you can hold on with a trailing stop. I hope that adds to your arsenal of ideas on how to trade this market.
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 . Have a great evening and I’ll see you in the Shark Den tomorrow 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.
Watch TraderShark in Live Trading Competition
2nd Annual Trading Challenge
Join us for the live trading competition sponsored by Infinity Futures.
Click here to register for this free event. Watch 8 traders use their personal trading skills to try to win the Infinity Challenge.
This trading challenge is from December 4th – 14th. Click here to register for December 7th challenge between Brian Rehler and Hubert Senters.
To Successful Trading,
TraderShark
CME Amended Operating Hours
On November 18, 2012, the CME amended their hours of operation as follows.
Please see attached pdf file for details directly from the CME link here.
To Successful Trading,
TraderShark
Thanksgiving Holiday Schedule
Wednesday, Nov 21
Shark Den will be open during normal CME hours
Thursday, Nov 22
Happy Thanksgiving Everyone!
Shark Den will be closed
Friday, Nov 23
0930 – 1315 ET – CME will close early
Shark Den will be closed
To successful trading,
TraderShark
Learn to Trade with the Sharks,
Without Getting Eaten!
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.
New Trading Hours
New Trading Hours for CME Group Equity Index Products – Starting Sunday, November 18, 2012
Equity Index Later Close for CME Globex Trading Day, Daily Price Limits:
CME Globex Trading Day for Equity Index Products to End at 5:15 p.m. EST
15-minute Trading Halt on CME Globex – 4:15 p.m. – 4:30 p.m EST.
Trading on CME Globex resumes for SAME TRADE DATE – 4:30 p.m. – 5:15 p.m EST.
Confirm with your Broker for any new trading margins and electronic limitations that may be imposed.