Learn to Day-Trade the Emini S&P Futures
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Daily Trading Video – June 20, 2012

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.

TraderShark Trading Manual

Join the Shark Den!

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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.
 
The market opened up this morning here at 1351.50. We have an opening range here that generally it tends to be choppy. Knowing that the FOMC announcement was coming in at 12:30 Eastern Standard Time today, we did not take any trades in this zone.
 
From 11:30 until 1:15 Eastern Standard Time is a no trade zone. However in this particular case we were watching it. We don’t trade the news itself. We trade the reaction to the news. Initial price move was down. Nice clean 50 to 61% retracement. Got in for this trade. Target 1 got hit. We got stopped out for minus 2 ticks. Not a big deal. We know our stop’s really tight on this type of volatility.
 
Coming back through, did not follow through to the downside. Got stopped right here at yesterday’s gap fill. And also the Shark Band held substantial support. Retracement back up into our initial starting price from the news report. That’s a bullish move in itself. Nice little pullback. Continuation for target 1 and target 2. A total of 20 ticks on that particular trade.
 
Working our way back up into the opening price, we did have an opportunity to get short. Target 1 got hit. Got stopped out for minus 2 ticks. And shortly thereafter another opportunity to get short based on our trade signals to get short. Target 1, target 2 hit for a total of 12 ticks. Could have held on a little longer, but we ran right into the Shark Band.
 
Shortly after that, right at about 3:30, another opportunity to get long. In this particular case I had two different trading accounts going. I had one that got stopped out for minus 2 ticks because my stop was way too tight. And shortly behind that I had another trendline wave trade continue on for target 1 and target 2 for a total of 12 ticks.
 
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 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.

 

Daily Trading Video June 19, 2012

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Designed for educational purposes only to show a few of our trade plan setups to help reinforce your daily trade plan review.

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 Tuesday, June 19th, 2012.
 
The market opened up this morning at 1345.25. Still wheeling on the creation of the government over in Greece. The market is euphoric. We don’t trade from 9:30 until 9:45. Coming out of there we had an opportunity to get long on a trendline wave trade. Opportunity for 10 ticks easily from a static perspective. We had one trader in the room I think made 40 ticks, 10 points on this particular trade. He rode it for the whole day. Had a substantial trailing stop. The meantime we had what’s called an EWT, extended wave trade here for 9 ticks. And we had a TWT coming right behind that.
 
Continuing on price action dropped below our moving average. All these pullbacks nice clean opportunities to scalp a little bit if you’re interested. Aside from that no further trades in the morning. From 11:30 until 1:15 Eastern Standard Time we have a no trade zone just a period of higher volatility and lower volume.
 
And then right here at about 2:00, we don’t generally take any type of long positions. Nice clean setup for a short opportunity for anywhere from 10 to 15 ticks. In this particular case it is considered countertrend because you’re above the moving average. You could have scaled out or knowing that 2:00 we don’t want to hold any long positions, you could have ridden this down really quickly to a 10 tick profit target.
 
And that was pretty much it for the day. You can kind of see the crossing of the moving averages 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 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.

Daily Trading Video June 18, 2012

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Designed for educational purposes only to show a few of our trade plan setups to help reinforce your daily trade plan review.

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 Monday, June 18th, 2012.
 
The market opened up this morning at 1330.25. We don’t trade the first 15 minutes of the day. Coming out of that 15 minute no trade zone we watched price action kind of chop around. We had a news report at about 10:00. Really kind of a non-moving. It was within consensus range. Market continued to work its way upwards.
 
We really didn’t have any opportunities to get in until right at around 10:30 or so, an opportunity to get long. A little premature. We didn’t quite wait for the pullback to the moving average. Took a stop out of minus 8 ticks and then we waited for a much better nice cleaner setup right here. Target 1 and target 2 hit for a total of 10 ticks.
 
Then going in we noticed price action filled the gaps. A lot of sideways movement. We had a gradual sell off here, but it was a lot of sideways movement to chop. Didn’t really see any further opportunities. With the strength to the upside and the news from Europe we really didn’t want to try to take any long positions. I think these were just stop runs to the downside. And then we went into the no trade zone from 11:30 until 1:15 Eastern Standard Time.
 
Coming out of the no trade zone there was a nice burst to the upside and we were really waiting for some nice clean opportunities if you were trying to scalp, this would have been a nice clean countertrend trade. And then we had a follow on perfect wave trade setup to the long side. Target 1 and target 2 were hit for a total of 10 ticks.
 
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 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.

Margins Increased with Some Brokers

Account Update from Mirus Futures:
Upcoming Greek Elections & Margin Update

Due to the uncertainty surrounding the upcoming Greek elections, there is the potential for extreme volatility when the markets open this Sunday evening, June 17th, 2012.

For this reason, Mirus Futures is increasing our day-trading margins to 3x the normal margin template for Currency Futures and the Dollar Index effective at
3:00 pm CT today, Friday, June 15th.

We will re-evaluate the margin requirement by Monday morning and expect to return to our normal margin requirements by 9:00 am CT on June 18th.

If you plan to trade this Sunday evening, we suggest a very cautious approach based on the possibility of extreme market swings. As always, our 24-hour OrderDesk will be available on Sunday night should you need emergency trade support.

This was contributed by a Shark Den Member – Cliff D.

Daily Trading Video June 15, 2012

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

This is for educational purposes only. It was designed to show a few of our trade plan setups to help reinforce your daily trade plan review.

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

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 Friday, June 15th, 2012.
 
The market opened up this morning here at 1328.25 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 knew that today was going to be options expiration, futures expiration and options on futures expiration. That’s called triple witching. It’s also a Friday afternoon, so we weren’t really expecting much activity.
 
There was no trades here the first part of the morning until right here at about 10:30, which is also a reversal zone. Now we talked about this in the Shark Den, if you just took it from a, you know, black and white perspective, you may have gotten into this trade here. First target was hit, stopped out for minus 2 ticks. However, in the Shark Den we waited a little longer. My entry was right here on this particular timeframe at about 10:38. Had a long opportunity. Target 1 was hit and our target 2 was hit. And then we really didn’t know what was going to happen, just like we see in the past. You’ll see a run up and then a sideways consolidation. That’s exactly what we saw. Nice pullback to the moving average. And no further trades. So we only had one trade this morning.
 
Then we go into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone had a nice clean pullback. Another opportunity to get long. Target 1, a little bit of heat afterwards. Target 2 was hit for a total of 9 ticks. Some people probably held onto this trade for a little longer for a total of 11 ticks depending on whether they were shooting for this double top or not.
 
We then had a slow grind up into the close. Another pullback to our moving averages. This is another situation where if you did just a plain black and white trade you would have got your target 1 off. Got stopped out for minus 2 ticks. But if you kept your stop in line with the way we talked about it in the Shark Den, you had an opportunity to protect yourself and have price action just gradually work its way into our profit target of 10 ticks. So all in all it was a good day, but it was Friday afternoon. So not many trades in the afternoon. Total of 3 trades for the day.
 
To learn more about these and more advanced setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you 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.

Daily Trading Video June 14, 2012

 

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Daily Trading Video

This is for educational purposes only. It was designed to show a few of our trade plan setups to help reinforce your daily trade plan review.

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

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, June 14th, 2012.
 
The market opened up this morning at 1311. We generally don’t trade the first 15 minutes of the day. Our opening range, we generally don’t know what direction the market’s going to push. Once we had a break to the upside we found overhead resistance at our initial Shark band. And by 10:10 we did not have a full reversal, nor did we have a break of our significant level. At that point I told everybody, watch for the accumulation of sellers. Not selling pressure. We got the buying pressure. But we had an accumulation of sellers, so that they could eventually rip it against them and take them long. That’s exactly what we saw.
 
Pushed up in here to the weekly pivot level around 1318. And went higher. Once we saw this go higher we started to watch for this. This is the first shoulder pattern. Broke our next significant level here. Notice our little blue circle. And then we hit yesterday’s high. At that point, as this started to selloff, I said, you know what, watch for a head and shoulder’s pattern. You can see the shoulder, head, shoulder. If it breaks the neckline, notice the high to the neckline. As soon as you get a break, worked its way down to the target pattern completion, as well as it happened to be a Shark line. This is a nice strong confirmation.
 
From our higher timeframe chart we also noticed that it was hitting out hourly range high. Nice clean pullback to two different Fibonacci clusters. Okay. So with that strength here, we knew we were going to have a bounce. We didn’t know we were going to have this kind of bounce. I mean we had a 12 tick 5-minute candle.
 
And with that we immediately went to our tick chart and from the lower timeframe chart, we had our initial burst. The only way to really get on that would be what’s called an extended wave trade and we saw our indicator in well into overbought territory. I did not get on that myself, but then I waited, we had a nice clean pullback here. Look at this. Clean, perfect wave trade indication. Double green dots for a long opportunity. Run up. And then scaling out here at 1325. Why 1325? 1325 is a natural number. And a lot of people would probably fade that 1325 number. In this case you want to wait until you get a nice clean indication or if nothing else, a reversal of a Heikin-Ashi candle, which you have right there. And when did it occur? Two points through the natural number. So it went all the way up to here the 1327, 1327.5 before you saw a reversal.
 
The market was moving awful fast, awful violently. If you don’t get in on a trade like that, that’s perfectly fine. If you want to wait for the market to settle. Price action fell through the moving average, and then they were just doing shake around here until we had another clean opportunity to get long. If you got in long here, you probably get your target 1 off and get stopped out for a minus 2 ticks, which would be a reduced risk stop out. But if you had your stop placement, proper location would be underneath this moving average or below this 61.8% Fibonacci level. So with that target 1 and target 2 would have been hit with nice clean completion.
 
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 talk to you tomorrow morning in the Shark Den.
 
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 – June 13, 2012

 

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Daily Trading Video

This is for educational purposes only. It was designed to show a few of our trade plan setups to help reinforce your daily trade plan review.

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

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, June 13th, 2012.
 
The market opened up here at 1313.00. We generally don’t trade for the first 15 minutes of the day. Coming out of the no trade zone, it looked like we had an opportunity to go long here. Some of the traders did take it. They took full stop outs. I did not get long. I colored it in yellow. Primarily because we had a selloff of over 8 points and also because I did not have the ADX confirming.
 
I then had an opportunity to get short, got my first target off, got stopped out for minus 3 ticks. There was another quick setup here right a little after 10:00 to get long. I did not get it. I got in a little bit late. You can do a follow up with your momentum follow through. Target 1 and target 2 were hit. Got a total of 10 ticks on that for a more conservative approach, 6 ticks, because again, we want to avoid staying within that opening range.
 
In this case price action continued to the upside. There was one trader in the room who actually was holding onto the price action and then just continued to follow the stops. This was a trailing stop we were showing as price action continued higher. Some of the more advanced traders were probably holding on for this to get a little bit, working its way up to the full gap fills.
 
Crossed the moving average to the downside. An opportunity to get short. Target 1 was hit. Got stopped out for minus 2 ticks. Into a no trade zone from 11:30 until 1:15 Eastern Standard Time. And then we had a selloff. Remember we had a news report this morning. It was bad news. Price action went up. We usually expect the news report to catch up in the afternoon. We were expecting a selloff in the afternoon, so we just took advantage of each one of these pullbacks. Target 1 and target 2 for a total of 8 ticks. Target 1 and target 2 for a total of 10 ticks. If you didn’t get that, another opportunity to get in here for a total of 6 ticks.
 
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, 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.

 

Daily Trading Video – June 12, 2012

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Daily Trading Video

This is for educational purposes only. It was designed to show a few of our trade plan setups to help reinforce your daily trade plan review.

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

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 Tuesday, June 12th, 2012.
 
The market opened up this morning at 1305.25 right in the middle of our opening range. I want you to notice as the market opened up, when we’re within this opening range, it really tends to be choppy. So I’m going to shift to a different screen here very shortly. I just want you to see how we really didn’t take many trades today. Not until the later part of the day.
 
We had a nice little breakout of our range. Nice hook pattern. Did not complete, so it was kind of a fake out breakout. Worked our way to the opposite end of the range. Another hook pattern. Didn’t really fall within our rules because we have a limitation as to how many candles this can strike before continuation. But I want you to see as we went into the close, look at how that hook pattern materialized right to the last part of the day.
 
So now let’s go to a lower timeframe chart. And you’ll notice from the opening price at around 9:30 at 1305.25, we generally do no trade from 9:30 until 9:45. However, if we had a setup in the direction of our gap fill, which is down here at 1302.5 we will take the trade. And in this case we did. Target 1 and target 2 were hit for a total of 7 ticks.
 
Coming out of the no trade zone, like I showed you in the previous screens, we did a lot of sideways motion in the middle of that opening range. There really wasn’t any major news reports. And here’s that head fake, where they tried to work their way outside of the opening range. And then did not materialize. So we really didn’t have any trades this morning. We didn’t have any indications inside that were giving us confirmation for a downside continuation. And then price action came right back into the opening range again. So with that we really did a lot of sitting on our hands today.
 
And then coming out of the opening range another opportunity to get long. Target 1 and target 2 hit for a total of 7 ticks. Sometimes people ask me, you know, don’t you get out too early. Well we scale out. And some of the traders are more advanced traders, they hold on a little longer because we do have upside target potentials, such as the hourly range and the Globex range highs that we show in the Shark Den.
 
Another pullback here. Another opportunity to get in. Target 1, target 2 for a total of 8 ticks. Now could you have held this trade on longer for a higher potential? Sure, but in this case a more conservative trader ended up paying twice the amount for commissions. Not a big deal.
 
Going into the no trade zone, this is for lunchtime from 11:30 until 1:15 Eastern Standard Time. We had a nice pullback to the moving average. Take off. Now here we had a double top. This posed a little bit of resistance. We weren’t 100% sure what was holding us down, so we scaled out. Target 1 and target 2 for a total of 10 ticks. Some people did not quite make it out for a total of 1312.25 and scaled out at 1310, they would have only made 9 ticks on this particular trade.
 
Notice the sideways consolidation. Again there was no confirmation. There was no news. Nothing was moving this market. Continued to move on lower volume. Had a nice clean pullback. An opportunity, we had what’s called a trendline wave trade. Target 1 and target 2 hit for a total of 10 ticks. And then again if you wanted to hold on a little longer up into the 1314 level, you could have made onwards of 18 ticks.
 
So I’m going to let you in on a little secret here. How do we know whether to hold on beyond the 10 ticks or the static targets? Got a nice clean ADX setting here. And what we do is as this ADX stays in between the directional indicators, nice clean opportunity for a continuation. And what you’ll notice is this section right in through here, this blue section I just colored, is an opportunity for you to stay on that trade until you get a cross to the other side of the directional indicator on the ADX. Nice, clean way to hold onto a trade a little longer.
 
Here we did have a nice clean setup. Look at our wave trade indicator. Gave us a nice setup to the downside. When you’re going countertrend, you know, be grateful for getting 2 ticks, or 4 ticks or 6 ticks, whatever you’re trying. In this particular case got us 6 ticks. I did not take this trade. It was a nice clean setup.
 
Going into the close, again we had another opportunity to get long. Each one of these pullbacks were met with buying opportunities. There wasn’t a whole lot of volume at this time. In the meantime we saw a push up into the close, up there around the 1370 level, the Globex range high.
 
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 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.

Daily Video – June 11, 2012

 

Learn to day-trade the Emini S&P and Euro futures – live with a full time trader.

Daily Trading Video

This is for educational purposes only. It was designed to show a few of our trade plan setups to help reinforce your daily trade plan review.

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

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 Monday, June 11th, 2012.
 
The market opened up this morning at 1329 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day. We have an opening range. In this particular case, coming out of the no trade zone we did have a nice hook pattern setup to the downside. We had a total of 18 ticks. Target 1 and target 2 were hit. Nice little pullback up to the moving average and continuation to the downside.
 
We had several other opportunities that we talked about in the room and none of them were really nice, clean setups. If you got in on this first trade, you probably could have had a full stop out. If you got in on this second trade, you would have had a full profit target, T1 and T2. If you get in on this third entry, T1 and T2. Now I did not take any of these trades, so I’m not going to go ahead and show them right now.
 
Then we had a cross above our moving average. Nice little pullback with an opportunity to get long and I didn’t even have a first stop. I was very cautious with the amount of downside pressure to taking any long opportunities. But I did, and I brought my stop up real tight in this case. I took a full stop out of minus 8 ticks.
 
Anytime you take a full stop out immediately look in the opposite direction for a continuation to the downside which we had right here. It just happened too fast. Again, when they’re in yellow arrows it means I did not get an opportunity to take advantage of it. And this is for training purposed for those of you in the Shark Den to review where you could have entered a trade.
 
We then had another opportunity right here at around, just before 11:00. An opportunity to go short. Target 1 and target 2 were hit for a total of 10 ticks. You really had to stay in this trade until it materialized out to the full 1312.25 area, which also was out Globex range low. At 1315 we had the hourly range low and that’s why you had this sideways consolidation. Okay. A lot of traders may have missed this trade for example because the hourly range low is there holding us up.
 
In the meantime we went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone we had an opportunity to get short. Again, there’s different profit targets. Now if you’re doing static targets, which would be, you know, plus 2 ticks, plus 6, plus 8, then that’s fine. That’s the easiest, probably the least effective way. If you have a trailing stop then your target 1, target 2, target 3 would have gotten hit for a total of 13 ticks in this particular trade. For counting purposes I only use the basic static stops.
 
Now here as price action continues to the downside, your stop would have remained above the previous swing high. Price action broke the most recent swing low for a continuation to the downside and then you would have gotten stopped out here. Only to see another opportunity to get in short for another 10 ticks. Again if you had trailer, you could have got as many as 16 ticks on this particular trade prior to this mild reversal.
 
After a mild bounce off of Thursday’s low. Now do we have any other reasons to be bouncing here. We also had last month’s high. But the bounce does not mean that the downside move is over. In the meantime we were stuck in the middle of a couple Shark bands. And I’ll show you that in one moment.
 
Final trade going into the 3:00 timeframe. An opportunity to get short. Now this is, notice how our momentum indicator dropped in below into the oversold territory. This is one rare opportunity where you can actually throw in a market order and go with the trend and keep a tight stop. Ran it all the way down, if anybody was able to take advantage of this, they had about a 24 tick potential on that particular trade.
 
Now when we talk about a Shark band I want you to see that right here at around the 1305 level is where we had our first initial bounce and then the final selloff worked its way all the way down to the next Shark band around 1300.
 
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 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.