Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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 March 1st, 2013.
 
The market opened up this morning here at 1506.75. Also represented by the Shark band. We had a range open of about 7.25 points. Notice from 9:30, here’s your opening timeframe. Had a nice little head fake or a pull to the downside. Pro-range reversal. And then with the news from the sequester you just knew everybody was going to be shorting this market. But what hurt the traders most would be a move to the upside.
 
We saw a break above opening range right here. A nice little hook pattern established itself. We had an ultimate target in here of around 1516.50 and 1518.50. So I drew that in there right at about 10:08. And then we also had another potential Shark Attack trade coming up. Please see the previous video, you’ll see the live screen of hitting the profit targets on the Shark Attack trade.
 
And you can also see the inverted head and shoulders here. There’s you first shoulder, right. Let’s go ahead and draw the neckline first. There’s your neckline, first shoulder. There’s your head. There’s your second shoulder. That’s what you do, you take your distance from the head to the neckline and that gives you an ultimate target up here around 1518.50.
 
Now that’s if you’re trailing a stop up. Otherwise the Shark Attack trade we were talking about everybody, potential targets were around 1511.25 and 1513.25. And with that, let’s go ahead and slide this screen. You’ll notice here at around 10:08 we talked about 1511.25, 1513.25 as a Shark Attack alert. And then our final target 1513.25. Now that’s in the Shark Attack trade. Aside from the Shark Attack trade we had the hook pattern completions up here around 1516.50 and 1518.50. If you don’t understand those terms, please feel free to check out the website or pick up a copy of the trading manual. Anything that you can do to help you improve your trading in this market.
 
Also, I want you to notice our momentum indicators were giving us nice clear sell signals. Then they had the retracement once they hit their 1518 level. The selloff, nice clear indication here to the downside. We then also, another opportunity, I didn’t get a chance to label it. Here that is here. We had a nice opportunity right there for continuation to the long side. So from our higher timeframe chart, it’s giving us nice clear signals. And then we’ll go to our trigger chart for completion.
 
Into the afternoon, just a lot of sideways chop. So just a typical Friday afternoon, you don’t want to be trading. Make your money in the mornings. Take a break during the no trade zones. And then have a great weekend.
 
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. 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.

Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

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
 
Currently in the middle of a Shark Attack trade. I was not able to get the camera on any quicker than this. We had an entry down here at around 1508.5. We had a 4 point trailing stop. We are currently at, first target was hit at 1511.25. Second target we’re looking for is 1513.25. Gap fills at 1512.5. Also 1511.75 was the gap fill for a 4:00 gap fill.
 
We’re going to have a natural pullback. There’s your inverted head and shoulders pattern setup. Nice going right in to a Shark band between 1512 and 1513. I was good with watching the Shark Attack screen. You cannot see the other pattern that we have going on right now, which is an inverted head and shoulders as well as the Shark Attack trade is the break of the 1509.25 level.
 
Here’s your auto wave dot. Good call Ryan, yup. Little bit challenging if you’re trying to buy at the highs of the day, right? If you’re not already in this trade with a little bit of a protective stop on it, it’s a little bit of a challenge. But you do have an auto wave firing off with your ADX positive. Okay. Right, where? At the close at 1511.25. Risking absolutely nothing on this trade right now.
 
You have any other reasons. At what point would you exit this trade early? Well, we’re watching for our wave to be a counter-trend on our wave, right? Tap the bottom of our monitor, tap, tap, tap. We’re in the middle of an auto wave. Your auto wave has kicked off, two auto waves have kicked off to the long side. Where’s your inverted head and shoulders? Up there around 1518. If you’ve got a trailing stop, right now I’m at a 4 point trail stop.
 
Tap, tap, tap. Tap the bottom of the monitor. Push up 1513.25. It’s going to be a lot of short sellers here at 1512.5, which is the actual gap fill from 4:15 yesterday. I’m sorry, yeah, 4:15 yesterday. Got a lot of sellers here at 1512.5. And you’ve got a little more of a bundle up here around 1513.25. And we’re going to go in by 1 tick.
 
Now the one challenge you have here, again, those people watching the Shark Attack monitor, there are followers and a lot of things going on. There’s Fibonacci retracements. There’s extended Fibonacci levels. There’s second chance levels. Don’t get confused by that, just simply, if you’re following just the auto waves, you’re doing fine. If you’re following the trendline wave trade or the extended wave trade you’re doing fine.
 
This second contract, if you got three contracts on this, bring it as a trailing stop right down there around 14 trail stop. If I stop right now, right 1 tick in front, I risk nothing. Remember there’s a lot of, with all this sequester news and potential negative propaganda out there, traders are looking for reasons to short this market. The gap’s a great place for them to try to short it. At what point would the traders get hurt the most, is if this were to burst up through that 1512.50.
 
If you have a third contract trailing stop, bring it in to about 14 ticks. Let it run. Possibly working its way up to 1516. So where are we? 1516.50 to 1518.50. Okay. So 1516.50 to 1518.50 final alternate target if you got a third contract. Okay. I have three different trading platforms.
 
So tap the bottom of the monitor, tap, tap, tap. Speed up the sequence of the video for time purposes. Hope everybody understands why we pulled it in. We’ve got a lot of sellers, there’s a little bit of a sellers bundle right up here at around 1513, 1513.25, 1513.50. Tap the bottom of the monitor. Had everybody help. Mac computer users be careful, you don’t want to hurt your computer. We got it. We’ll take it.
 
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.