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

[email protected]

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is June 3rd, 2013.
 
We have a pre-market area from 8:30 to 9:30. We generally don’t trade that timeframe unless a specific trade sets up, and it did in this case. I took an opportunity to get short. Got my first target off. Got stopped out for minus 2 ticks. Set up again. Got my first target off and then I flattened my position. I just wasn’t comfortable with the trade.
 
And then at 9:30 our market opened up at 1633 represented by the white dotted line. We had a quick pro-range reversal. This is colored in yellow, so I did not take this trade. Market continued. We don’t trade from 9:30 until 9:45, just a period of higher volatility. Price action dropped down to the weekly low, represented here at 1626.25. Nice little bounce. We were expecting a break. Did break it. Didn’t follow through.
 
Nice pullback. We had a news report at 10:00, and it was a little bit early for us to get into this, but I did try to get in short. And then I saw that we were going to get run over. I quickly pulled my stop and I got out at minus 8 ticks on this particular trade.
 
Got a nice pullback. Once we committed to the upside, had a nice pullback for an entry long. Got a total of 15 ticks on this run. We had an auto wave fire off long. I did not take this trade. At the top of the trade, I don’t want to be pulling back and going for an auto wave. I want to wait for an even deeper pullback. There may have been a couple traders got caught in on this. If they did, they would have lost 16 ticks on this particular trade. Of course I waited a little longer to get my 16 ticks up.
 
Had another auto wave fire off here. Full stop out. I took minus 8 ticks on 2 contracts. The continuation through the moving average to the downside. No pullbacks whatsoever. Did not get a chance to get in on this. Finally got a nice pullback here. This yellow arrow was our first auto wave that fired off to the downside. I did not take that. I had a nice wave trade. There was an auto wave and a wave. The wave trade right here caught in and I did get a chance to get 10 ticks out of this. First contract got off, second contract got off.
 
And then we found ourselves below the weekly low. Little bit of a sideways movement. Broke back above the weekly low. Just we had some sideways motion. Best bet to sit on the sidelines. Our directional indicator was, worked our way back above. Nice setup up. Anchor chart setup. Trigger chart fired off. Target 1 and target 2 hit for a total of 10 ticks. We then had another pullback for minus 2 ticks.
 
As we go into our no trade zone from 11:30 until 1:15 Eastern Standard Time. This may not look like sideways chop, but the volatility would have been very challenging to try and trade it in through here. That’s why we don’t trade from 11:30 until 1:15 Eastern Standard Time.
 
Coming out of the no trade zone continue with more sideways chop. Look how it just kind of hovered around the weekly low. Then it was a nice pullback to our moving average. Target 1 and target 2 hit for a total of 8 ticks. Not much going on. Again, sideways motion at the open. So the sideways motion nothing really was committing. Plus, I don’t like to trade from 2:30 until 3:30 in the afternoon. If I can help it I try not to. I like to wait until we get into like the 3:30 timeframe.
 
And then the old adage, slow and quiet equals bullish. We had a nice opportunity to get off on our first contract. Target 1 and target 2 hit for a total of 15 ticks. And then a nice pull back. Auto wave fired off. Continuation. I was calling off these targets as the price action was working its way up into the close, 1535.50, 1536.50, 1537.50, final target. And we close out the rest of the day for a total of 11 trades and 48 ticks.
 
After going over the video I saw that the chart had been moved off of the top of the screen, so I put in this last screenshot here so you can see, I was actually telling everybody where price action was working its way towards at 1635.50, 1636.50 and 1637.50.
 
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

[email protected]

 
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, May 31st, 2013.
 
The market opened up here at 1648.25 represented by the white dotted line. We generally don’t trade the first 15 minutes of the day from 9:30 to 9:45. Though we do have two exceptions, right? There’s exceptions to every rule. We have what’s called a pro-range reversal that occurred right here. An opportunity to get long. It’s only good for about 4 ticks. I don’t generally ride it up into the opening price and generally I don’t trade within 1 point of opening price.
 
Coming out of the no trade zone we had an opportunity to get long, however we had news reports at 9:45, news reports at 9:55, consumer confidence, and I chose not to take these trades. But there was a nice clean setup; good from anywhere between 4 to 6 ticks. Here’s another opportunity to get short, another 4 to 6 ticks. I did not take those trades.
 
Going on into the morning, we’re just kind of watching. The news reports were positive to neutral and with that, what do we see happening quite often? We see a selloff into the market. So with the selloff into the market, I was expecting a bounce into the afternoon. I tend not to trade within 1 point of opening price.
 
I want you to see we had another setup long here. Another setup long here. I chose not to take these trades. So I am being discretionary, cautious. This is a Friday afternoon. Last day of the month. And so I want you to notice all these yellow arrows, the market was setting up and giving us these triggers, and I chose not to take them. If you want to scalp them out for 2 or 4 ticks, you know, more power to you. I chose not to take those trades.
 
We then had a nice little break out trade here at what, about 11:00. Now, I’m traditionally a pullback trader, but for a breakout trade we do have breakout trade setup, fit perfectly right? Both your anchor charts and your trader charts fired off as well as having support from your directional indicator. Getting up in here towards the highs of the day we had another opportunity to fire off with the pullback, but again first target was off, got stopped out for minus 2 ticks on this particular trade.
 
And with the reversal we had an opportunity to get short right before we got into the no trade zone, so the idea of not trading or initiating any new trades in the no trade zone still stands. However, if you get into a trade just before, you can hold onto your trade as long as you get your first target off, target 1, target 2 are hit for a total of 10 ticks on that trade. However, this no trade zone runs from 11:30 until 1:15 Eastern Standard Time.
 
Coming out of the no trade zone had a couple opportunities to get short. And then the continuation just kept firing off. I think we had what, the prior days low was around 46, 1646.75. So we were expecting a little bit of a bounce, did not occur. Didn’t get into any long positions. And I want you to notice all of our internal indicators, everything was showing us, continue to stay to the short side. If you missed a couple of them they continue to push lower. Each one of these pauses was an area where they’re trying to suck in buyers. Nobody was buying. The market just kept going lower.
 
So we were able to take a couple of advantages here to the downside. Finding support at our Shark band, our next Shark band was down here at 37 – 38. This is our first Shark band was 40 to 41 I believe. And as we moved our way to the right hand side, you know this is almost a head fake, did not have enough steam to push higher. This is where all those afternoon buyers were looking to bring that news report to fruition and push up higher, it did not. As a result a lot of those people got hammered and stopped out. Then we found our support level here at this Shark band for a continuation. We had a minor bounce only to see a final trade, I did not take this one, going into the no trade zone. So really we had internal market conflicts. All in all it was a pretty good week.
 
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. Have a great weekend and I’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.

Happy Memorial Day Weekend Traders!

Thank you all for such a positive response from the 5-Key Elements Webinar on May 22nd sponsored by TraderKingdom.

Join our 2-Day Free Trial in the Shark Den Tues & Wed, May 28-29.

1. The 2 for 1 month Shark Den Offer is extended until May 29th.

2. Join us now to secure the $99/month rate. Shark Den rates will be going up to $129/month effective June 1st, 2013. Current Shark Den Members will not be affected by this change. Current subscribers remain the same as long as they are subscribed.

3. “All 3 Trading Manuals” Offer has been extended until May 29th.

4. To save you time setting up your indicators, our programmers created identical setups for both TradeStation and NinjaTrader.

I’ll see you all in the Shark Den on Tuesday.
To Successfull Trading,
Brian Rehler
TraderShark

Today’s 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

[email protected]
 
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, May 7th, 2013.
 
The market opened up this morning here at 1616.50 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. It’s just a period of higher volatility. There are a couple of exceptions to that timeframe. In this particular case we have what’s called a pro-range reversal. Right here. We shorted it real quick for 4 ticks. It’s only a 4 tick trade. It’s basically a one to one risk reward ratio in that particular case.
 
Working our way up to the first reversal zone. We had a reversal zone, but we stayed close to opening price. We generally don’t trade within 1 point of opening price. Had a nice little pullback. Continued. Nice opportunity to enter. You notice our trigger chart was firing off short. Got our first target off easy, and the second target we were short just by 1 tick and then it re-bounced up against us. Lost 5 ticks on that particular trade.
 
Continuing on price action worked its way back above our moving average into the opening price. Again, notice the sideways chop. We don’t really want to be playing with that. Ran right into the no trade zone at that point. From 11:30 until 1:15 Eastern Standard Time, again we’re operating on lower volume today. No news reports.
 
And the no trade zones are our black and white guideline as to when we do and when we don’t trade. However, when you have a trade setup, I mean this is such a clean setup here long. The anchor charts were in our favor. Momentum is in our favor. The sentiment is in our favor. And also the clock was in our favor. Had to get in right here at about 1:09. So about 6 minutes from the end of the no trade zone. I only took 8 ticks on that, but it really ran up to the full profit potential of 10 ticks. And then the whole timeframe of this sideways movement here we were watching for a 1621.50, it hit it right to the tick. It came across our 2:00 timeframe where we don’t want to be holding any long positions. And another opportunity for a pullback trade for a total of 8 ticks to the downside.
 
Now this pullback was only barely 2 points. If the market was to run higher into the close, we would have expected at least a 5 point pullback down to this little rectangular area. Since we only had a 2 point pullback, I did not expect much further run to the upside, I expected sideways chop into the close, and that’s exactly what we got. So again, remember, after that 2:00 timeframe like to see at least a pullback in order for the market to rise into the close. If you don’t get that pullback then you will tend to see either a sideways chop or a reversal.
 
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.

Today’s 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

[email protected]
 
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, May 3rd, 2013.
 
The market opened up this morning here at 1606.5. I’m not going to draw the horizontal line of the opening. You can see our opening range here. Opening price is right here at 1606.5. We generally don’t trade the first 15 minutes of the trading day. In this particular case we had what’s called a tidal wave. And a tidal wave is simply this. We wait for an opportunity to pullback. Get on the trade for, you can use 1 contract or more, and hold it for the majority of the day. In this particular case we had quite a strong Shark band real close to where we jumped in.
 
So here at 9:32 this morning, jumped in one trade. You can see we got 14 ticks with 2 contracts. Had a nice pullback. Had an additional contract that I had thrown on and then an additional contract got thrown on. And then it just continued to ride it up into this Shark band. This is a very thick Shark band. This is from 1612 to 1615. There was the hourly range high sitting up there. There’s the weekly resistance. There’s monthly resistance. There’s absolutely no reason to be going long. On our lower timeframe chart we had an auto wave firing off long and I was asked in the Shark Den why I didn’t take it long. I wasn’t going to take it long into this kind of overhead resistance. Even our hook patterns were developing to the long side. No further long trades at this point.
 
And then we got into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone we don’t want to be in any type of long positions after 2:00. A nice clean opportunity to get on right at the, we had our anchor charts setting up. Trigger charts began to fire off right there at about 2:00. I think this trade went on at 2 minutes before 2. Jumped on. I’m not much of a countertrend trader, so in this case I just took a quick scalp of 8 ticks to the downside. And what do we have, we have a good 5, I think 6 point pullback all the way down here to what’s called a Shark line. And support, see these little ellipses, support for nice clean bounce, total of 10 ticks going 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 weekend and I’ll see you in the Shark Den 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.

Today’s 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

[email protected]
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Monday, April 29th, 2013.
 
The market opened up this morning here at 1582.25 represented by this white dotted line. We had a nice little hook pattern coming out of opening range. I want to show you from a higher timeframe chart the way our Shark bands work. Overhead resistance was met right here at the 87 to 88 level. And then we also had a hook pattern establish a target that established itself right here at around 10:30 in the morning Eastern Standard Time, and actually didn’t complete until right about 2:00 in the afternoon. Nice little selloff. This particular hook pattern had target 1 and target 2 hit. Target 3 was never hit.
 
So let’s take a step down to a lower timeframe chart. We generally don’t trade from 9:30 until 9:45 in the morning. However there’s one specific setup that we do have, we’ll trade it. Total of 6 ticks to the downside. Target 1 and target 2 are hit, working its way towards the half gap. In this particular case price action rebounded, 2 points off of the open, back to the open. And then generally we don’t trade around the opening price just because a lot of traders are told to fade it and they’ve been running through it as they did here. So we don’t trade usually around 1 point.
 
We also had a news report, pending home sales at 10:00 and so we generally want to be out of any trades. We don’t want to be initiating any new trades 3 minutes prior to the news report. Coming out the news report there was a nice little burst higher. Pending homes sales was within consensus range, but better than expected on the overall sales.
 
We did wait for a little bit of a pullback. Nice opportunity to get in. First target was hit for a total of 4 ticks and then got stopped out right to a tick. Right from where I entered for it to take off and hits profit. So then you don’t want to be chasing a trade. Nice pullback here. Opportunity to hit target 1 and target 2. And what you’re doing is with the lower volume we had today, we will see a lot more sideways motion before it moves in the intended direction.
 
Then we went into the no trade zone from 11:30 to 1:15 Eastern Standard Time. I don’t trade during the no trade zone. Some traders so, I want you to notice the auto waves were firing off in the no trade zone. Two opportunities to fire off to be able to scalp it. I don’t trade. I think it’s an opportunity to take a break, avoid the lower volume and the higher volatility. But I know we have some traders in the trade room that do follow those trades. 70% of the time we will watch the market move higher in the no trade zone.
 
Coming out of the no trade zone we have another timeframe on our time chart that the market tends to rise from 1:30 to 2:00. In this particular case it’s set up nicely. Target 1 and target 2 hit for a total of 12 ticks. And then at 2:00 we are out of any long positions. A lot of sideways motion. Pullback. I did not get in on this trade, but I want you to notice the auto waves firing off to the downside. So I did put a total of 8 ticks there. But the yellow arrows indicate that I did not take those trades.
 
Then, going into the close had another opportunity to get long. I did jump in this one. I want you to notice we’re below the moving averages. In hindsight it was a bad trade. Actually at the time we knew it was a bad trade. We got stopped out for a total of minus 8 ticks. I only took 1 contract and I told everybody in the room I was only going to take 1 contract into the close. We were expecting price action to work its way back up to the highs. And our market internals were telling us to get out and yet I still held on, took a total of 8 tick loss.
 
To learn more 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’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.