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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
[email protected]

Transcription:

Good evening traders, this is Brian with TraderShark.com an educational website to learn how to trade the e-mini Euro, Crude, and Nasdaq futures.  Today is Thursday, April 24^th 2014. The market opened up here this morning at 1878 represented by this white dotted line. We had a drop here going on today, and what happened this morning was we had such low volume and tight shark bands, we’re not expecting very much of a move. We had a tight Globex range, the Globex range was somewhere around five and a half points and so with that any type of trades I was going to take today were going to be having tight profit targets between two and four ticks each. From 930 to 945, I generally do not take any trades. There was an opportunity. We were watching a setup here this morning towards the gap fill. Generally you don’t trade from 930 to 945. There was a nice trade setup that happened awful fast. I don’t expect anybody to have gotten into this trade. You can almost see the spike, it spiked so quickly and then dropped so fast.

I jumped in real quick for six ticks. This slowed down a little more, but then by the time that I placed my order it did not get filled for a no-fill. You can notice each of these autowaves were kicking in short to the downside. The trade this morning, there were really tight sharkbands. When that occurs we do tend to see a lot of sideways motion so there’s no real conviction to be able to jump in long or short.  That is why again I wasn’t shy taking six ticks here, six ticks there. Again, two and four to the downside. Coming off through the moving averages, two and four to the longside. These shark bands were right in through here, they were barely four to six ticks spread, so if we can only get six ticks out of it be grateful. I did not know that it was going to continue to grind higher. I’m grateful for that. As we continued on into the morning, relatively sideways again.  Our internal indicators were telling us sideways, we saw it and its at that time that you sit on your hands, wait and do nothing. Then there was a nice setup long, I did miss this one, you can kind of see the way that the autowave fired off and continued higher.  A little bit of a pullback with an opportunity to get in here for a total of six ticks. Then into the sideways chop market, or lunchtime trading zone.  Notice the sideways motion.

Coming out of the lunchtime trading zone, we had some news coming across the wire of the US moving forces over towards the Poland area and Russia continuing with their exercises.  That was a kind of bearish news report. I was looking for any type of movement to the downside. I had a TrendLine Wave Trade set up for a total of six ticks, another EWT set up for a total of six ticks. I did have some Murphy’s law website challenges today, the server had gone down, so we shifted over and transferred websites, all in mid-day. If any of you had problems getting up to the websites, we are all up and running, we were at about six o’clock this evening. If you have any questions, please feel free to email me and feel free to check out the website again. It should look a little bit different, and much nicer. It is mobile app friendly for all mobile app users out there. Continuing sideways, again you can see there really wasn’t any runs, a little bit of grind but no runs further into the close. To learn more about these and more advanced trade setups, or to obtain copies of the TraderShark Trading Manual, please visit TraderShark.com thank you, have a great evening and I will see you in the SharkDen in the morning.

The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.

Daily Trading Video

TraderShark Trading Manuals

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

[email protected]

Transcription:

Good evening traders, this is Brian with TraderShark.com an educational website to learn how to trade the emini, crude and Nasdaq futures. Today is Thursday April 17^th, 2014. The market opened up this morning here at 1843.25 represented by this white dotted line. We generally don’t trade from 930 to 945. We did have an opportunity to do a pro-range reversal here. I got stopped out for minus four ticks. Just to see the market reverse and go in my favor.  The market tested opening price and worked its way down through opening price. We saw a kind of sideways consolidation, no further trades at this point. We did have an opportunity to get long, eventually a little pullback here. I got my first target off and go stopped out for minus two ticks. Relatively choppy continuing on into the day. Another opportunity to get long, got my first target off and got stopped off for minus one tick, and then into the lunchtime trading zone.

The morning was pretty much uneventful. From 11:30 to 1:15 Eastern Standard Time, the market tends to be choppy. I don’t like to trade during that timeframe.  There was a nice move here from 1:30 until 2 o’clock, the market tends to rise. I want you to see the nice setup here on our traderchart. At two o’clock, we don’t want to be holding onto any long positions. I want you to notice on this anchor chart we had a nice setup for a followthrough for our trigger chart to actually follow through for an entry here at 2:27. This was the trade of the day, a total of twelve ticks to the downside, target one and target two were hit. That was pretty much it for the day.

We have a free webinar coming up and a trial next week. It is very easy to register for it, go overhere to the TraderShark.com website and go to the home tab. Go to Webinar Specials, click on the Webinar Specials. You will see the series that we have going on Wednesday April 23^rd. It is called: Support, Resistance and Avoid the Chop. This will take place at 4:30 PM EST and we are doing this in conjunction with Gibralter futures. I also have a free trial following on Thursday April 24^th, we have a free trial in the S&P and Euro SharkDen.  Then on Friday we have a free trial on the Nasdaq & Crude futures SharkDen. I look forward to seeing you all there. To learn about these and more advanced trade setups, or to obtain a copy of the TraderShark Trading Manual, please visit TraderShark.com. Have  a great weekend and I will see you in the SharkDen on Monday morning.

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 Manuals

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
[email protected]

Transcription:

Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the S&P, Euro, Crude and NASDAQ futures. Today is Wednesday, April 16^th, 2014. The day after tax due date, or tax extension date, whichever one you choose. Yesterday was quite a day; we saw a move off of the lows by 25 and a half points. We don’t see that very often, generally we see a five, ten, or fifteen point pullback. But this one was 25 and a half points. So with that it is kind of like a runner, as the price action is running it needs to take a break, and slow down. It sets up consolidation for either a continuation, or a tracement. What we saw today was a sideways consolidation; we only had two trades today. We opened up here at 9:30 Eastern Standard Time at 1849 and a quarter, represented by this white dotted line. I want to show you the significance of the SharkBands. We have an opening fifteen minute range, and most of this price action is happening in the opening fifteen minute range. I am looking for trades in-between the SharkBands, which we like to call Open Water. Opening from 930 to 945 is a no-trade zone. I want to show you here, if we had a break above the 1851 level, I would have been looking for a long position up into 1856. Down here once we broke through the initial centralized band, we had a nice little open water here. We had a nice little retracement, for a total of twelve ticks on this trade. If you held on for the third contract, you would have had a total of sixteen ticks. Then you can see in a higher timeframe chart, how this is a lot of sideways motion.  There was a lot of chop out.

If we broke through the 1843 level, we would have been looking for a continuation down into the 1838 level. Continuing on into the lunchtime trading zone, 11:30 to 1:15 Eastern Standard Time, it was a little bit of a run that I had what is called a Shark Line that was traveling in through here.  There was just too much uncertainty for me to get into a trade. Notice the sideways motion here, and so really the best times to be trading is from 930 to 1130. I didn’t see much except for one trade this morning, and that one was from about 3:30 until 4 o’clock into the close. I want to show you there was one final trade. It was really challenging, we looked for kind of a hook pattern, that is target one and target two. Depending on where you entered, it was really fine. You could almost see the entry point in through here. There was nothing that really popped out at us. We talked about it in the SharkDen, some people held onto it from down here right down in the SharkBands, up here breaking out of the opening range for a total of two trades, and 26 ticks. To learn about these and more advanced trade setups, or to get a copy of the TraderShark Trading Manual, please visit TraderShark.com. Thank you, have a great evening, and I will see you in the SharkDen in the morning.

The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.

Daily Trading Video

TraderShark Trading Manuals

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

[email protected]

Transcript:

Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the S&P, Euro, Crude, and NASDAQ futures. Today is Monday April 14^th, 2014, one day before tax due date.  Today was great, saw a lot of symmetry in the market. I do apologize for not getting any videos out for the last week and a half. I have been overwhelmingly busy, we have been revamping the website getting some new indicators created for you all. We will try to get a little bit more consistency, maybe try to get three videos per week for everyone.

The market opened up this morning at 1823.75, represented by this white dotted line.  We saw a nice little pro-range reversal, I did not take it. The ones colored in yellow were setups that I did not take. This happened awfully fast this morning, but I am just trying to show people the consistency of the trade setups that we have in the room. We had another pro-range reversal down here, right there at about 9:37 for another four ticks. It is a one to one risk reward ratio, not much going on there. Coming out of the opening fifteen minute range from 9:30 to 9:45 is a no trade zone, except for that kind of pro-range reversal setup. Coming out of that, right there before ten o’clock, there was a nice setup but within three minutes of the news report we do not take any new trades. That is why I put a yellow arrow here, but it did setup nicely for a sell-off.  Working our way back up through the moving averages we had a nice little pull back. I want to show you there were actually three setups. The one that I took was the middle setup for a total of nine ticks to the longside. Still running relatively sideways, I saw some resistance levels working our way up to the next SharkBand, an obvious number between 1824 and 1825. We had a total of eleven ticks, working our way right there from 1030 into the trending timeframe.  Then we had a nice little pullback, and here is where a lot of people get confused they try to sell-off.

However, we jumped on for another ten ticks to the longside, working our way up into the SharkBand. There was another SharkBand up here at 1827, 1828. This is called a lunchtime trade zone from 1130 until 1:15 Eastern Standard Time. Coming out of that we stayed below the moving averages. I did not really expect it, but we had a kind of bullish bias but a nice little pullback into the moving average for a continuation lower. I did not get this trade, I was not expecting it. It was after the two o’clock timeframe in which we do expect a little bit of a sell-off.  We stayed patient and stayed disciplined, we had a nice clean hookpattern establish right here at about three o’clock. Target one was four ticks, target two was six ticks and target three was 19 ticks, for a total of 29 ticks on this one trade.  Following, there was another trade if you were looking to add on more contracts for a total of ten ticks here. We saw after the pullback a little bit of a consolidation for a continuation higher. If you trade off of the lows of the day, generally a counter-trend trade will go for six ticks. In this particular case I did put a little bit of a trailer on, for a total of twelve ticks.  Working our way into the close. If you put in another trail stop heading into the run, we generally do not trade here from 3:50 until 4:15 Eastern Standard Time. We will be closed this Friday in observance of Good Friday, CME put out a news blast that all of their products will also be closed.  To learn more about these and more advanced trade setups, or to get a copy of the TraderShark Trading Manuals please visit TraderShark.com. Have a great evening everyone.

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.

All CME Products and The Shark Dens will be closed Friday, April 18, 2014, in observance of Good Friday per the CME news blast.

Daily Trading Video

TraderShark Trading Manuals

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.

Transcript:

Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the S&P, E-mini and Euro Futures. Today is Wednesday, April 2^nd, 2014. I am going to go ahead and cover the last three days. I have been very busy getting the new website up and running, we’ve got a new website launch next week. Working on some of the indicators in the coaching program has kept me very busy. Let’s go ahead and start with Monday March 31^st. From 9:30 to 9:45 is a no-trade zone, and at that time we had a broad spread well over four or five points. I think that it was six and a half points on the opening range. With that, we knew that we were going to have a sideways chop that kind of indicated it to me early on. We also had Janet Yellen speaking here at around 9:55. When the talking heads are speaking we generally do not take any trades. I found myself getting into one trade here; I didn’t even get the first target off and stopped out for minus two contracts. As we went in sideways, you can almost see a lot of hesitation, uncertain about the commentary coming from Janet Yellen. Still a sideways motion with no real opportunities. We had a nice opportunity to get in here long at about 10:30. My first target got off and then got stopped out for minus four ticks. Into the sideways motion and on into the lunchtime trading zone. So there were no trades, what we are starting to notice during the lunchtime trading zone that these markets are setting up nice. Anchor chart, trigger chart, T1, T2, I had a little bit of a stretch there for a total of twelve ticks during the lunchtime trading zone.  Coming out of the lunchtime trading zone, we were right around the moving average. There was a lot of sideways motion with not  a lot else going on. My first target get off, and got stopped out for minus two ticks. That was it for the day so it was really a less then productive day.

Coming into the next day, let’s go ahead and look. I want you to see the broad opening range here on Tuesday.  Again, that is a clear indication that I am going to have a sideways, choppy day. We had a lot of news reports come out this day. The PMI manufacturing index came out below the consensus range, and construction spending was within consensus range. I’m not a big news trader, I just kind of focused on whether it’s going to be within consensus range or not and it was. With that I’m not seeing many opportunities, what you are not seeing is that we had a nice thick Sharkband right here. Hindsight was 2020. I took a long against my rules, I took a full stop out minus sixteen ticks, and there’s a nice thick Sharkband here we talked about it. We also had higher highs on price action, lower highs on momentum. We also had some other opportunities for shorting. They are yellow, meaning that I did not take them. We just kind of sat for the day and watched a lot of sideways motion without further continuation. The lunchtime trading zone was again a lot more of the same. Pushing higher we got a move back above the moving averages for a continuation on into the close. I did not get any of that, so the SharkBands were so tight on this high side that trying to take a trade into that was just the kiss of death, so I chose to stand out on the sidelines.

As we come into today, Wednesday, we had an opportunity to do a pro-range reversal. Reached up, hit the first target and came back out and stopped me out for flat. Second pro-range reversal had a no-fill and it launched off just like expected. We had a narrow opening range this morning, about 3.75 points. We were expecting a burst and that is what I watched the first part of the morning. Factory orders were above consensus range, that’s kind of a bullish impact on the market and I was just looking for a nice clean setup. Nothing occurred here until right at about 10:30, nice launch higher. That’s our trending timeframe from about 10:30 to 11:15. I had three contracts on this trade, I think that it was a hook pattern at that point, first target, second target, and then the third contract stopped out at break even.

Here we had a nice little opportunity to get short,  did not materialize and internal indicators got us out at plus zero. Going into the lunchtime trading zone, we were watching it. A nice clean trade, another opportunity again during this lunchtime trading zone. I’m  making everybody aware, start watching this lunchtime trading zone. Where it used to be a no trade zone, this is where a lot of the moves  are tending to occur. Plus six ticks here first part at about 12:10. Then another six ticks, I did not get this one but it setup nice for a total of six ticks going counter-trend. Then a lot of sideways chop. We’re working our way in towards the close, another opportunity for a total of ten ticks. Here on our anchor chart and trigger chart fired off for a continuation higher. We did not know that this was going to launch. We had a nice solid shot across the bow which gave me a nice selling opportunity going into the close. Wave trade long, chose to stay out in through here.  Sideways chop and then your gradual sell-off into the close. A lot went on today; we’re starting to see the market come back into symmetry.  Focus on that opening range. 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, have a great night and I will see you in the SharkDen in the morning.

To successful trading,

TraderShark

[email protected]

Good Afternoon Traders,

I saw this video debate on CNBC this afternoon, April 1st, and thought everyone would enjoy hearing about the high frequency trading that goes on at Wall Street and those defending the open market.

Enjoy,

TraderShark

Daily Trading Video

TraderShark Trading Manuals

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

[email protected]

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 24^th and we are going to shortly look at Tuesday March 25^th. 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 25^th. 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 25^th. 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.

Daily Trading Video

TraderShark Trading Manuals

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

[email protected]

Transcription:

Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the E-mini  S&P, Euro and Crude futures. Today is Friday, March 21^st, 2014. Quadruple Witching, that is where the stock index options expire, the stock index futures expire, the stock options expire, and the single stock futures expire. The market opened up here at 1872.25, represented by this white dotted line. We generally don’t trade from 9:30 to 9:45, we do have a small scalping technique called a pro-range reversal. We had an opportunity to get short, and I got forced out of my position for minus two ticks on this trade. I got the first target of four ticks on this trade, and then once we got through the moving average I had an opportunity to try and get short on this Fibonacci trade. I had a no fill at that price.

As price action went in, again we saw quadruple witching. When we see this, we know that it is going to be choppy. There were no other news reports that we had; right here just below the opening price we had an opportunity to get short. Target one and target two was hit for a total of eight ticks. Another opportunity to trade, I traded three contracts, two ticks, ten ticks, and ten ticks on our way to the downside. As we worked our way back up into the opening range, we had sharkbands above, we had our sharkline there. Everything was kind of stopping us from getting into any trade. We had no visual representation that would give us any opportunity to get in. Then, when we went into our lunchtime trading zone I was pretty much done for the day at this point. The market went sideways and dropped off at about 1:15 Eastern Standard Time. I simply did not trade this afternoon because of the volatility. A lot of traders did take off, and left. I was looking for an opportunity to get in, but nothing really presented itself that I was interested in. I hope that you all have a great weekend; we will see you all bright and early Monday morning in the SharkDen.

Daily Trading Video

TraderShark Trading Manuals

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

[email protected]

Transcription:

Good afternoon traders, this is Brian with TraderShark.com, an educational website to learn how to trade the S&P, Euro and Crude futures. Today is Tuesday, March 20^th, 2014. The market opened up this morning here at 1849.75, represented by this white dotted line. We don’t trade within the first thirty minutes generally; we do have a couple of exceptions to the rule. In this particular case we did have an actual Fibonacci pullback, for a continuation higher. The first target got off properly, and then our market internals got us out for only plus two ticks. There was not much coming out of the no trade zone. The jobless claims this morning was within consensus range.  That is really all that I am concerned about when I look at news reports, at ten o’clock we had housing starts. Everything else seemed to be within consensus range here right around 10 o’clock. I want you to notice that there were no additional trades at this point; I am a pullback trader, not a breakout trader so we did not get this initial move.  There was a nice pullback and an opportunity to get long. Target one and target two hit for a total of six ticks, continuing on further. The yellow arrows are setups that I did not take. I explained in the SharkDen why, I think that in this case it was driving right into a SharkBand.

Coming through the moving averages to the downside, there was an opportunity for target one and target two for a total of eight ticks. Then there was another follow-on opportunity for target two for a total of six ticks. Again, the targets seem a little bit light, and that is just due to the choppy nature of the market. I am watching the market internals very closely and if they force me out based on what I am seeing, and then I kind of avoid taking a loss based on this.  I am trading those live in the room. Now, we have a lunchtime trading zone here from 11:30 to 1:15. I generally don’t take this trading opportunity, but for those of you that were watching, I had drawn these vertical lines showing this as a potential entry point. You see the vertical tracker down here on our momentum indicator. Then underneath, another opportunity for a long. I did not take those trades, again I’m  more or less doing something over the lunchtime trading zone. Then coming out of the lunchtime trading zone, I also drew an indication of an opportunity to go short. I am drawing these so that you can recognize them, and then in the room I will tell you why I did take a trade, or did not take a trade. At two o’clock we do not take long positions. Here it came back through the moving averages. There was not much going on, I prefer not to trade in the afternoons. In this particular case, I had an opportunity to get long right into the close. Target one and target two was hit for a total of six ticks. To learn more about these and move advanced trade setups, or to get a copy of the TraderShark Trading Manuals please visit TraderShark.com. Thank you, have a great evening and I will see you in the SharkDen in the morning.