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
Transcription:
Good evening traders, this is Brian with TraderShark.com an educational website to learn how to trade the E-mini, Euro and Crude futures. Today is Monday, March 24th and we are going to shortly look at Tuesday March 25th. There’s only one good trade that occurred here on Monday. A nice little opportunity once we got outside of our opening range, for a continuation lower. Target one was hit for four, target two was hit for 11 and target three was hit for a total of 17 ticks just on one trade. That was pretty much it for the day, although we had a nice continuation. There was a pullback, I did not get into this trade, which is indicated by yellow showing that it was setup, I just didn’t get it. Then there is what is called a lunchtime trading zone. During that timeframe there was a nice clean bullish divergence. You can see this lower lows on price action. There were higher lows on momentum for a continuation higher. Generally, if you are trading counter-trend, you will go for two ticks and four ticks. In this case there was a nice target up here for a total of twelve ticks. Continuing on into the close of the day, that was it. There was only one trade and another trade happened during the lunchtime trading zone.
Let’s go ahead and check out what happened on Tuesday. This is Tuesday, March 25th. I want to show you how we had a nice break out of our opening range, but I also want you to notice the lower lows and the higher highs. This is what is called a megaphone pattern. As soon as we saw that materialize in the first half hour of the day, pretty much should have known that we were going to have some sideways choppy market. Let’s get out of the opening range; we had a nice opportunity to get short. I did not get filled, the second candle came up to 1855 and I actually missed that trade. Continuing on into the rest of the day, there was an almost identical pattern setup. We were coming off of a sharkband, lower lows on price action but higher lows on momentum so we had a nice little bullish divergence for a continuation higher. It also occurred during the lunchtime trading zone.
Moving onto a lower timeframe chart, what you are looking at here is a lower timeframe chart for today March 25th. The opening range from 9:30 to 9:45, we generally do not take any trades. Coming out of that no trade zone there really was a lot of sideways chop. You can see it hung around in the middle of the opening range. We had consumer confidence better than expected, so we would have expected for the market to push higher and the grind was sideways eventually selling off. We had an opportunity to get in long, I got the first target off and got stopped out for minus three ticks. The second trade got off long the first contract and got stopped out for minus three ticks. That was it for the morning session. I’m sorry we had one more trade, right here and took almost a full stop. I actually would have gotten out for minus five ticks a total of minus ten, but in this case I had a computer challenge and I could not get out quick enough so I got minus fourteen on that trade. Going into the lunchtime trading zone, there were literally no other trades except for what we showed on the higher timeframe chart of a bullish divergence right through here. Coming out of the lunchtime trading zone, that was pretty much it. Look at the sideways motion wrapped right around opening price. Towards the end of the day there was a small long trade at the end of the day. A total of six ticks is what I pulled on it. I got my first target off and got stopped out for minus two ticks, there was a lot of sideways chops. To learn more about these and more advanced trade setups, or to get a copy of the TraderShark Trading Manuals please visit TraderShark.com, thank you.