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Target Reached – Trading Video – Jan 29, 2013

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. Today is Tuesday, January 29th, 2013.
 
The market opened up this morning at here at 1494 represented by this white dotted line. We had a news report at 9:00, the Case-Shiller Index within consensus range. Had little or no effect on the market. However at 9:30, we generally don’t trade from 9:30 until 9:45, it’s just a period of higher volatility. Allow the bulls and the bears to fight, determine what direction they want to push the market.
 
We have one exception to the rule and in this case our exception was met. Target 1 and target 2 were hit for a total of 8 ticks. The gap fill was right up here at 1496.5. Price action continued outside of the no trade zone. Pushed up to our pro-range. We had a little bit of a reversal. An opportunity to get short. Notice down here we had an auto wave. A little red dot. Auto wave short to fire to the downside.
 
Coming through the moving average, we had a total of 6 ticks on this trade. We had another opportunity back into the moving average to try and get short. Quickly realized the bulls were pushing to the upside. Exited this trade for a loss of 1 tick.
 
As price action pushed up through the moving averages we had a little bit of a sideways choppy market. Coming back through the moving averages, we had a nice clean trendline momentum trade to the long side for a total of 21 ticks. In this particular situation we knew price action was gravitating towards the 1500 level. We had a nice hook pattern established in the Shark Den. Continuation. Pullback here into the moving average for a continuation long.
 
There was three different opportunities to get on to this trade. We had an opportunity here at the moving average pullback. We had an auto wave firing off here. A little bit of heat. We had another pullback into the moving average for a continuation on into the no trade zone.
 
From 11:30 until 1:15 Eastern Standard Time there’s a period of higher volatility and lower volume. We tend not to trade during this timeframe, but I want you to notice how price action remained above our moving average. Coming out of the no trade zone we had an opportunity to get long. Target 1 and target were hit for a total of 6 ticks. We didn’t have a higher profit target due to our internal indicators telling us we had some sideways chop. So 6 ticks was acceptable at that point.
 
And then going into the close we had another auto wave fire off here at around 3:20 for an easy 7 ticks. And then we went into our final no trade zone here at 3:50 and on 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. Thank you. Have a great evening 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.

Uncharted Territory – Jan 17, 2013

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.

Daily Trading Video

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, January 17th, 2013.
 
We had two news reports out at 8:30 this morning Eastern Standard Time. The employment situation and the housing starts. The housing starts was much better than expected and it initially took off. We don’t trade the news report itself, but what we do take reaction to the news report. So with this initial burst, the actual open of the U.S. market at 9:30 put us in a situation we were pretty close to I think 7.75 points gap up from yesterday’s close. With that situation we have what’s called a tidal wave setup.
 
The market opened up this morning here at 9:30, 1473.50 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day from 9:30 until 9:45. Coming out of the no trade zone we had a couple nice auto waves kick in. I did not take them. Too close to news reports. I had another news report here at 10:00. And then if you did take this you would not have gotten stopped out. I prefer to wait for a little more of a break and a pullback and we got that here.
 
I got shaken out a little bit. I got my first target off and then my second target came back and got me out at breakeven. I got 2 ticks on the first trade right here at about 10:14. You can see we had a nice clean trendline break here on our momentum indicator.
 
As we continue on I had another pullback to the moving average, it was another opportunity to get long. Didn’t even get my first target off. Went sideways. We had other market internal indicators just told me to get out. I did. I flattened out. Cost me commissions, but I got no profits on that.
 
We were waiting for a nice clean setup for a long position in a tidal wave trade, trading 1 contract or 2 contracts, whatever you wish. In this particular situation we did have a nice opportunity right here at about 11:20. Much cleaner entry would have been right here at about 11:46. We generally don’t trade the no trade zone. There’s exceptions to every rule and in this particular case if you got in here before, that’s great. The target on this was up here around 1479.50. We talked about it all morning.
 
We had a couple of hook patterns to the long side. We generally don’t trade from 11:30 until 1:15 Eastern Standard Time. That is considered a no trade zone. I want you to notice here that there was a nice clean auto wave that fired off and it matched with what we were looking at, a potential hook pattern long. And I actually was in here held it through the no trade zone. Went off. Did my errands. Kept them there with a trailing stop, and rode this thing all the way up to 1479.5. Actually, I think I scaled out right around 1479, 1478.75 somewhere around there.
 
So 23 ticks on that trade. But just because you’re in 1 trade doesn’t mean you can’t get into another trade. So we
had another setup right here at about 13:38 or 1:38 PM Eastern Standard Time. And then when you’re in with the trend, target 1 and target 2 were hit for a total of 12 ticks.
 
Once we hit a major resistance level, or a Shark band, which we have on the other charts we knew that we were due for a type of retracement or a selloff. Right here, another opportunity to get short. This is counter-trend trade, so you keep your profits a little bit tighter. Total of 6 ticks. And then our selloff or profit taking 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. Thank you. Have a great evening 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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Shark Attack Trade – Jan 7, 2013

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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What you’re watching here is the tail end of a Shark Attack trade. It’s already worked its way up to target 1 which is 55.25. Second target we’re looking for 57.25. And where’s price action right now? Price action right now is at the opening price of around 1455.
 
A lot of traders are fading this area. And this could run, you know, 1, 2 hours. Just sitting here trying to suck in the short sellers. And when you’re looking at the market and traders, the institutional traders and the inside traders, they’re looking at positions that can hurt you the most. I hate to say it like that, but that’s the truth.
 
And so in this particular case a lot of average traders will be trying to fade this opening price. And we are already long in the position from around 52.50 to 52.25. We’re holding now up until, this is our third target area. And the fourth target area would be around 56, and fifth target area would be around 57.25.These lines are hand drawn. I do these as horizontal lines based on what I saw at our potential Shark Attack trade setup. These are not Fibonacci levels.
 
For the sake of time I will speed up the screen on the recording so you don’t have to sit and wait. So you may see this thing burst. Whatever it is I’ll explain it as it comes up on the video. We’re watching a tick chart. Watch me advance to climber’s chart. Watching momentum.
 
We’re back at 55.25. All those people that faded the open are getting kind of stressed. And then what you may have here is another burst. And for those people who don’t have stops, which is very dangerous to be trading this market without any stops. You’ll see what’s called a short cover squeeze.
 
Make sure you have something to do at your desk because while you wait for a trade like this staring at the screen is not going to make it go any faster. I know you’re all staring there, expecting it to move faster. It’s not going to.
 
Where’s my stop on this. Let’s see. My stop is at 52.5 on that entry. I’m going to move it up 1; my stop is now at 52.75. I risk nothing at this point. My target’s at 57.25. Again, accumulating more short sellers at the 1455 level before it pushes higher.
 
Okay, so this trade started at around 2:17 this afternoon Eastern Standard Time. And we’re currently running at around 3:00, so it’s been in the works for about 45 minutes. Working our way. And it has been testing, again, trying to accumulate short sellers. And let’s watch what happens here. I will be speeding up the time, so the bursts may seem more quicker than it actually takes. I’ll try to keep you informed as to what the times are. And the second burst actually occurs around 3:15, so it’s been almost an hour since the attack. Here’s a speed up in time.
 
We’re at 1456 level. We’ll go ahead and slide up and put my trading platform up. See the higher time frame chart here working its way to one of the Shark bands. This is with the final contract; we had three contracts on this trade. First target, second target, final target up here at around 1457.25. Here we were watching for the final target to complete. We’re moving towards 3:30. Target complete. Thank you for watching.
 
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 Video – Cliff Averted – Jan 2, 2013

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.

Daily Trading Video

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, January 2nd, 2013.
 
Happy New Year to everybody. We had the fiscal cliff was averted. We did not go over the cliff, but of course we all have higher taxes to pay. Regardless of my political opinion, we were very cautious with today’s trading. We had a nice run-up overnight, from the new year until this morning. You can see how our Globex range was about 24 points and as a result we were expecting the market to continue higher. With the expectation of the market continuing higher, we had a very narrow opening range.
 
This was a fake out breakout. You can kind of see this little blue ellipse I drew. As soon as this significant level was broken we should not be trying for any further upside movement. And that’s exactly what happened. We had a retracement back to a Shark line. As price action continued to work its way further to the downside our tick chart remained above the zero line. We did not take any short positions even though we had a couple hook patterns setting up to the downside they did not materialize. We had no trades this morning.
 
Between 11:30 and 1:15 Eastern Standard Time we had a no trade zone and shortly after that we had a nice little inverted head and shoulders pattern that initiated right here at about 3:00. A trade opportunity right there at about 3:12, 1448.75. An opportunity to get long. Very challenging opportunity to try and go long in the middle of the Shark band. But we knew we had good news this morning, sell off after the news 10:00. And we were just waiting for an opportunity to get long, 1448.75. Opportunities to get long.
 
Our target, first target is right here at around 1450.50, second target 1452.5. I scaled out one of them at 1452. And then if you had a runner, you had an opportunity to make anywhere between 23 and 43 ticks, just on this one trade. When we were at there 1452.50, I said this in the Shark Den, I said there’s no overhead resistance. Our first target beyond 1452.50 was 1455, and after that 1456.50. So there was many opportunities if you had a trailing stop working your way up, all the way up here to 1457.50.
 
Now these trading the last couple days has not been easy based on the news that comes of Washington. You know, it’s up one minute, it’s down the next minute. We never really know except to rely on our indicators. This is a great situation where trade what you see, not what you believe. So what we want to do is we want to stick with the opportunities that our indicators are giving us. Not what we feel. Or not what we’re hearing in the news media. If you’re trying to trade based on what you hear on the news media you would have gotten crushed several times here to the downside. And if you do not trade in your opening range, that’s fine. You could have waited until a break out of the opening range. And then once you break out of this opening range there’s no resistance up in through here. So it’s just these Shark bands up here are like magnets, and price action pulled right up to it before it sold off for the day.
 
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 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.