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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 Wednesday, October 16th, 2013.
 
I’m going to open up with a 30 minute candle chart, and I want you to see sometimes when you get this sideways consolidation and you’re more of a day trader, you don’t see the bigger picture. So I always like to tell people to take a step back to a higher timeframe chart, 30 minute, 60 minute chart, whatever works for you. And in this particular case I want you to see this opening candle was quite bullish obviously and the trend continued higher until our signal candle right here at what, 1:00 in the afternoon, gave you a nice indication it may be pulling back. And then your next signal candle right there at about 3:30 for a run into the close. So you got an action, you got your reaction and you got your continuation. So it happens on all time frames.
 
Let’s go ahead and work our way over towards the lower timeframe chart. Okay, this is our lower timeframe chart. Price action opened up here at 1702.25 represented by the white dotted line. We generally don’t trade for the first 15 minutes. I’m not a breakout trader but you can see the momentum had worked its way to the high side for a breakout, continuation. I’m not much of a breakout trader. This pullback was right there at 10:00, so I did not take this trade, but the setup was very nice. In the meantime, fortunately, we did not take the trade, it would have been a minus 2 tick stop.
 
Waited for a little bit deeper pullback. Back in below our moving average for a continued pullback that eventually paid off here. The yellow numbers are the ones that I did not take. I took the white one right here at 17. If you took a wave trade, there were three different setups that occurred right at this level. The wave trade occurred, would have been a 10 tick trade. I took what’s called a tidal wave trade, I exited up there around 1714.50, which was an hourly range high level. And then plus 25 is if you worked your way all the way up to the Shark band which is at around 1717.
 
As we continued through, this is all the waiting periods. This is quite a long trade, and then we had another pullback. This was a wave trade setup. Notice the auto wave kicked in. First target was hit, second target was hit, total of 10 ticks. And then up here was the profit target for the tidal wave and so you have to independently separate your trades such that your profit targets are different on each trade according to what’s in the trading manual. The high of the day we talked about that at the opening of the day, we were talking about where the Shark bands were. If we broke above our level, next target was 1717.
 
And then on the retracement there was a nice clean opportunity, pullback, right here at about 11:22 for a continuation. It is a counter trend trade. When you do a counter trend trade your profit targets are a little bit shallower or tighter. So I only got 6 ticks on this trade. And then we went into what’s called a cautionary trade zone from 11:30 until 1:15 Eastern Standard Time. Looking to notice the sideways movement. Coming out of the no trade zone, there’s a little bit of a burst higher up into the 2:00 timeframe. And then as it reversed at 2:00, we generally don’t want to be in any long positions. It was a nice little scalping opportunity right there at around 2:15 Eastern Standard timeframe. That was 6 ticks.
 
Continuing on into the afternoon. I don’t generally trade from 2:30 to 3:30. There’s a little bit of a setup for a continuation long. This also would have had a reduced risk stop out. Did not take it. Another opportunity to get long right in here. Again, I was not trading at this point, by 3:30 in the afternoon it did finish up higher as we saw on the 30 minute candle.
 
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
 

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]

 
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 October 15th, 2013.
 
I’m going to show you what happened on Monday, Columbus Day from a higher timeframe chart. I want you to observe, generally the banks were closed on this day, but on holidays or bank holidays, prior to, the market tends to rise on lower volume. And I want to show you that we opened up here at around 9:30, and from that point we had a nice little trendline break from the overnight selloff. And then we opened up into our opening range. Nice little pullback. Still was within the opening range so I colored it yellow. Did not get into this trade.
 
Once we broke out of our opening range, pullback and that’s all she wrote for the rest of the day. So this particular was what we call a hook pattern, finally materialized. It started right here in the middle of our cautionary zone which is from 11:30 to 1:15. At about 12:45 the market launched and it finally completed its hook pattern right there at about 2:15. And then it never looked back it just continued to grind higher all the way into the close.
 
So let’s go ahead and go down to a lower timeframe chart here on today, Tuesday, October 15th. The market opened up this morning at 1700.00 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45 Eastern Standard Time. Coming out of the no trade zone we did have an opportunity to get long. Not actually an opportunity, it was a setup, but we know from past experience trading around opening price can be choppy, so we avoided that.
 
Had another opportunity to get in long here at around 10:13. And then we had another opportunity to get in long right there behind it around 10:20. Got stopped out with the pullbacks. First target was hit, second target just stopped it out at breakeven. First target got hit. There was no follow through, a push higher to get more profit out of that.
 
As we continue to work our way in there was an opportunity to get in long. First target was hit and did not fill, came back out. Forced stop out, minus 4 ticks times 2 contracts, minus 8. And then coming in here right, just before 11:17, an opportunity to get long for a full target 1 and 2 for a total of 13 ticks.
 
Then we’re into the no trade zone from 11:30 to 1:15 Eastern Standard Time, notice the sideways motion. Still kind of hanging real close to this moving average. Coming out we had an opportunity at a sell off. This pullback was still within our opening range, so I did not take it. Another opportunity, again, this is later in the day. I generally don’t trade from 2:30 to 3:30 in the afternoon. In this particular case it was a nice clean setup. It was so obvious. I had to go for it. Target 1 and target 2 got hit for a total of 8 ticks. Working our way back up towards the opening price.
 
And then finally this was a nice trade, but going into that last half hour of the day. Only took 6 ticks on it. Didn’t know if it was going to follow through. The news reports are all over the place. You know, buying rumors, selling news. One time they’ll come out with a report and then they’ll come out and say they’re going to reject it. We don’t know. So we’re just doing the best we can. Still kind of staying in chop mode until they get this resolved in Washington.
 
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.

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]

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures.
We had a free trial today and on Friday, October 4th, and so I wanted to show you some of the patterns that we were developing in the Shark Den. Now, while we did not necessarily get ahold of each one, they still are very consistent.
 
And so I want you to notice we have an opening range here. We are also guided by Shark bands. And once this trendline from overnight was broken, we were looking for short opportunities. However, at this time, I think there was a news report at 10:00. And so I was not able to take this 10:00 short opportunities in through here. And then I did a rookie mistake. I tried to play off of what looked like a bottom, and you can almost see the inverted head and shoulders developing. We also had what’s called a dive trade and we had a Fibonacci retracement. Tried to get into a long position in through here. Got stopped out.
 
But then in the afternoon, I’ll show you a little more. Couple of these hook patterns continued to develop to the downside. Found support, eventually as we continued to work our way up, I don’t take many counter trend trades. We did see a little bit of a development for a long position. Working our way back up to the opening price. And then on into the close, not much into the afternoon.
 
Let’s go ahead and look at the shorter time frame chart. Here’s a shorter timeframe chart where we don’t generally trade from 9:30 to 9:45. Coming out of the no trade zone, right here at almost 10:00. I don’t trade within three minutes of the news report. So I did not take this, but the setup was still good nonetheless, right. So just something, the reason I put a yellow arrow is there is because that is the one I did not take. But in hindsight it’s always clearer, it did look like a really good trade. So something to learn from in the future.
 
And then what I talked about on the longer timeframe chart, it was really kind of early for us to be trying to get into that. So there was no entry. And then over here to the right hand side we finally had an opportunity at 11:00 to get long and the first target got off, the second target did not get hit. Held on, I think it ran right up to within 1 tick and came back and stopped me out for minus 3 ticks.
 
Then had an opportunity to get short and we talked about this. Even in the Shark Den we have our little classes that we talk about wave patterns and Fibonacci levels and things like that. The opportunity was, we generally have like an 8 tick stop on this particular trade, it came all the way up to within 7 ticks and would not have stopped us out and it would have been a profitable target 1 and target 2. I actually took 4 ticks stop on that.
 
Then we go to the no trade zone from 11:30 to 1:15 Eastern Standard Time. And as you’ll notice coming out, I usually look for one trade from 1:20 to 2:00 long, and this consolidation range, saw it a mile away and just expecting a launch higher which it did from 1:27 approximately on up into, for a total of 13 ticks, on up into the overhead resistance level right there at 1677 I believe, 1677.5. And then at 2:00, the answers at 2:00, we don’t want to be caught in any long positions. Now sometimes it will continue to push higher, but the overall percentage of the time it will selloff. So we do look for a shorting opportunity, again, the yellow arrow I did not take. Another opportunity to get short right in here. Nice pullback. Also notice that our momentum indicator caught up with us and pushed us down for a nice full 12 ticks.
 
Into the close, look at this. Take a step back and look at the almost sideways motion right into the close. No further trades for the day.
 
Thank you for watching. If you have any questions, please feel free to check us out at 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 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]

 
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, September 30th, 2013.
 
The market opened up this morning here at around 1670 which you don’t see yet. I just want to show you quickly from a higher timeframe chart. Again, I want to show you the Shark bands. Notice how these Shark bands to the high side were tighter. And again, the trading has been very minimal. But I want you to see how they just kind of continue to jam in between these bands. We did talk about a hook pattern with a potential target up here around 1680, which eventually hit right in here through a no trade zone. And then I’m going to show you on a lower timeframe chart how they all materialized. But again, notice how they oppose support and resistance and why it is very important, I like these areas up above. Where we get these nice black areas, we call open water.
 
Let’s go onto the lower timeframe chart. Okay, so here we are on a lower timeframe chart. I want you to notice that the opening price was 1670 represented by this white dotted line. We don’t trade from 9:30 to 9:45. Coming out of the no trade zone a little bit of a pullback. Continuation. We had a news report at 10:00, I think it was within consensus range. Not much opportunity. We did have one shot right here at about 10:10 or 10:09 for a long opportunity. Target 1 and target 2, another pullback, opportunity to get off for another 10 ticks. Target 1 and target 2 hit. Again that’s the first part of the morning and we’re pretty much done at this point.
 
And then we had what’s called a hook pattern. Now this particular hook pattern had 3 contracts in there. First contract target was 4 ticks, second contract was 4 ticks, came right back out and stopped me out for minus 8 ticks because I had a trail stop. I didn’t get stopped here. It actually got stopped over a little further to the right hand side. And that was it for the morning.
 
Going into the no trade zone from 11:30 to 1:15 Eastern Standard Time, saw a lot of sideways motion. Coming out of the no trade zone here. I want you to notice we had an auto wave fire off long. Really nice. Really quick. Kept the profit targets tighter than usual just because we weren’t sure. It was a little bit shaky. Everybody started talking about the government shutdown, which pretty much has already been calculated into the market. In fact you should see that by tomorrow morning, how it opens up.
 
Here, I don’t know if you can see this. This nice opportunity, we broke below our other lines in the Shark Den. And as we did, an opportunity to get short. I don’t hold counter trend trades for very long. Very quick scalp for a total of 6 ticks. But then we notice, this is called a dive trade. And the dive trade itself found support at another Shark line, not a Shark band, a Shark line. It occurred down here. I did not hold on that long. I only got 6 ticks. It says 6 to 10. And then a nice little pullback. Opportunity to get off the first target and got stopped out for minus 2 ticks there.
 
And then notice the sideways motion. Little bit of a pullback. I did not get this shorting opportunity. I generally don’t trade from 2:30 until 3:30 in the afternoon Eastern Standard Time. Notice the sideways motion. And then getting ready to go into the close, we did have a nice little auto wave fire off. Follow up, opportunity to get long. Got my first target off, got stopped out. Just to watch it continue on. I don’t like to enter any new trades here into the last final no trade zone of the day.
 
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 good evening and I’ll see you in the Shark Den on government shut down 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

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]

 
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, September 26th, 2013.
 
The market opened up this morning at here 1689 represented by the white dotted line. We generally don’t trade from 9:30 to 9:45. After 9:45 market ran a little bit sideways and then had a nice little pullback for an opportunity to get long. Got the first target off, second target missed by 2 ticks, and the third target did not get hit, depending on the number of contracts you were trading. Came right back out. Indicator came right back, stopped us out at our entry. Nice little pullback for continuation, total of 6 ticks to the downside. Another pullback 8 ticks to the downside. Third pullback, the best one, I missed. It was working its way back towards the opening range and I know that in the open range it does tend to be choppy, so did not have an opportunity to get in on this.
 
Pullback all the way back down to the open. And then you know what happens with the open, a lot of people fade it trying to go long here. I did not get into any trades going on at this point. I don’t like to trade around opening price. And then we actually broke through opening price, down through the weekly level, the weekly low from last week, and on into lunchtime no trade zone from 11:30 to 1:15 Eastern Standard Time.
 
Now I want you to notice here, I am not going to count this trade. Generally, I don’t trade from 11:30 to 1:15 Eastern Standard Time, but you have to remember that trades still do setup and we’re just coming off that 11:30 timeframe. A little bit of a pullback. It was really quite a nice Fib trade here right up into, its profit target’s a total of 10 ticks. And then again, no new trades once you get into the no trade zone.
 
Coming out of the no trade zone we had already had a substantial push higher. Again this pullback that worked its way back in towards our opening range. Pullback to our moving average that I did not get ahold of. Price action continued to work its way back down to the weekly low until we did have an opportunity for, they continued to retest this opening price. Final pullback and then I quickly shifted over to the daily chart. You can see after five down days we really were due for a burst higher, and with that we saw our moving average tested.
 
Actually got into a trade here called a Shark attack trade and the pullback was not deep enough to take us out. It was very systematic. We waited for the launch higher. Target 1 and target 2 were hit. I actually exited, by the time we get into our final no trade zone, I exited a little bit early. I only got 12 ticks on this particular trade. But if you had held on into this trade with a trail stop this certainly could have taken you us as high as 48 ticks or more. Squeeze right on up into 4:15. We had targets here of 1689.75 and 1691.75 at the end of the day where was the high? At 1693.25.
 
Okay, so let’s look at Friday, September 27th, 2013. I’ve got it on chart because otherwise you could fall asleep looking at the lower timeframe chart. I want you to look, it ended up Friday was just a mess. Probably shouldn’t have gotten into any trades, but the pre-market I want you to look here, this selloff here gave us what’s called a tidal wave setup. And with the tidal wave setup I was looking for short opportunities. So I had an opportunity to get in short here. Got off my first target. Came back out and again, this is one of those you hold for a good portion of the day. So go our first target off, so safely only lost 3 ticks. And then a second opportunity to get in, safe loss only 2 ticks. So all in all, you know the risk reward here, we ended up getting stopped out, but they were really good trades. The challenge is we came right back up across this trendline. This trendline was all the way since Monday. And so I did expect for us, once we got below this trendline for us to continue lower. Did not happen.
 
Consumer sentiment was within consensus range and then absolutely nothing for the rest of the day. I want you to notice horizontal line here at 8375. This was the opening price and as price wraps around opening price that’s an area of chop. You stay within your opening range. That’s an area of chop. I just want you to see, even though these Shark bands were tight, they did exactly what they were supposed to do. They’re telling us ahead of time of the consolidation areas and found resistance, found support, found resistance, found support, resistance, support, resistance, support, resistance, support, resistance and finished the day with minus 7 ticks.
 
I hope everybody has an awesome weekend. Stay safe. And I’ll see you in the Shark Den on Monday morning. 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 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]

 
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, September 25th, 2013.
 
The market opened up this morning here at 1692.25. I don’t know if you can see that white dotted line there. I want you to see this is a higher time frame chart. We said here at around 9:45, we had an opening range of over 5 points. That means the tendency of the market is going to be sideways chop. So we know that. I also want you to notice the Shark bands, how tight they are here to the downside. You usually don’t see this. But as tight as these, we also knew that this was going to be a choppy area in between. So any type of trading today would certainly be, notice there was a little wider spread on the upper Shark bands. Expecting a choppy day. This is our higher timeframe chart. I want you to just see what happened once we broke this trendline, just sideways chop right on into the close.
 
Let’s go ahead and take a look at the lower timeframe chart. So starting out this morning, we generally don’t trade from 9:30 to 9:45. But I want you to see here, we do have what’s called a pro-range reversal. Had an opportunity to get long in through here. Did not get filled. Had an opportunity to get long in here, I entered a tick too early. It would have been a nice clean trade. So it’s only a scalp. Once we had that opening range established, we knew we were going to have sideways motion.
 
This happened way too fast. Notice the yellow arrow means that I did not get the trade. You can see the sideways motion. Take a step back. If you get too confused by the lower timeframe charts, take a step back and go to a higher timeframe chart.
 
Right here at about 10:10 we had news out at 10:00. It was a non-market moving event. Opportunity to get short. Got my first target off. Did not move my stop as I would ordinarily do. So I violated my rule, and I got stopped out for minus 8 ticks.
 
Then as we worked our way back above our moving average, I was not able to get into this trade. Shortly thereafter I had an opportunity to get long. Got a total of 6 ticks. And then trying to go long into opening price is another rule that I generally don’t do. I did. Got stopped out for minus 4 ticks.
 
Coming off of opening price I had an opportunity to get short, did not get into this trade. Being a choppy day, everything that you’re seeing right now, nothing was a surprise. So you know, what you want to see is you want to keep your profit targets tight, keep your stops tight in this type of environment.
 
And then going into just before the no trade zone, I had an opportunity to go long. Got the first target off, and then that’s the rule before you take into the no trade zone, you don’t want to establish any new trades. If You’re already in a trade and you’ve got your first target then it’s okay. Held on, got stopped out for minus 2 ticks.
 
From 11:30 to 1:15 Eastern Standard Time is the no trade zone. After the no trade zone we had a little bit of a selloff. Really didn’t have any opportunities to get in there. Little bit of a pullback. Opportunity to get short. Target 1, target 2 hit for a total of 6 ticks. Again, notice the profit targets are very tight. Why? From the higher timeframe chart you saw Shark bands, so you don’t really want to be trading when you’re in the middle of a Shark band.
 
And that was pretty much it for the day. Look at this sideways motion right into the close. So our indicators in the Shark Den kept us safe and on the sidelines. I hope you all at least stayed safe today.
 
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 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.

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]

 
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, September 23, 2013.
 
The market opened up this morning here at 1700.50 represented by this white dotted line. This is a higher time frame chart. I just want you to notice what we had going on here was within our opening range we broke through the opening range. I did get short, and I got shaken out for minus 2 ticks, just to be able to get right back into another trade here, it’s called a hook pattern. Took a total of 19 ticks on this trade. Actually entered at about 10:05 and ending that trade at about 10:55.
 
Another hook pattern, did not enter this one. I think one of the indicators was not in my favor. Another hook pattern setup. They were all kind of shooting towards this Shark band. Once we penetrated the Shark band there was another opportunity to get short right down to the second Shark bank. And I want you to notice how these things hold.
 
At this point a retracement, break of a significant level, retracement, and continuing on up into our profit target, which is a Shark line that you don’t see here. There’s a Shark line that runs through, potential target, and then no further trades for the rest of the day.
 
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.

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]

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures, the crude futures and the Euro futures.
 
The market opened up this morning here in the S&P emini at 1719 represented by the white dotted line. We generally don’t trade from 9:30 to 9:45; just let everybody else chop everybody else up. Don’t get involved in that.
 
Coming out at about 10:00, remember today was quadruple witching day. That’s options expiration, futures expiration, and options and futures expire. With that we had a nice opportunity to get short here. One thing to do is either you’re not going to trade on this kind of day or tighten up your profit targets. So we took 4 ticks on the first trade, 6 ticks on the next trade. Got out fortunately this thing kind of reversed.
 
The yellow arrows are setups that I did not take. And that had a nice little pullback. I got in long here and then, hindsight’s 20/20, it ran right into a Shark line and at that Shark line got the first target off and then backed off got minus 2 ticks.
 
And then you can kind of see this just sideways chop. We had an indicator, directional indicator was telling us sideways movement. Continuation to the downside, pullback, had a 6 ticks. That was pretty much it for our emini S&P trading this morning.
 
From 11:30 to 1:15 Eastern Standard Time is a period of higher volatility. I don’t trade during that timeframe. Coming out at 1:15, there was a couple opportunities to short. Again, I want you to notice the yellow arrows and that pretty much I don’t trade those. I didn’t trade any further into the close. It’s just a choppy day. Friday afternoon with quadruple witching.
 
Let’s go ahead and check the Euro market. Here in the Euro market, remember the Euro opens up at 3:00 in the morning Eastern Standard Time. And we do begin to watch it at about 8:30 in the morning. Here a little after 9:45 or so, had an opportunity to get short. Got the first target off and then I forced myself out, just was uncomfortable. And as you can see we had a lot of sideways motion, continued sideways.
 
We broke out of our range and little bit of a bounce, pullback, tried to go long. Yes, again, hindsight, but my anchor chart was telling me that we should have tried to go long. Forced myself out for minus 4 ticks on 2 contracts for minus 8. And then we had a pullback, and said, you know what, the market was going to continue on. We had a profit target a little bit lower and I got a full stop out here on a total of 16.
 
To the right-hand side I want you to see we had one final trade before we stopped trading. We stop trading the Euro at 11:30. And this last trade was a nice clean setup with an auto wave long. Profit targets were hit. Again, when you’re going counter trend you’re going for your shorter profit targets instead of the ones we use when we’re with the trend.
 
And then I want to show you one more opportunity we have on the website. Go over here to TraderShark.com. You can either go to the Members or simply go over to the Blog Archive. On the Blog Archive you have an opportunity to sign up for a five-day free trial in our new Shark Den oil trading room. And we got five days setup from September 23rd to 27th. I will be giving a 45 minute presentation on October 1st. And then we’ll have a two day free trial and then on October 3rd and 4th, the Thursday, Friday of the following week. This is for the S&P and the Euro, see right here.
 
I wanted to thank you for watching. 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 weekend and I’ll see you in the Shark Den on Monday morning.
 
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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.

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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures and the Euro futures and the crude futures. Today is Wednesday, September 18, 2013.
 
The market opened up this morning here at 1697.75 represented by this white dotted line. At 8:30 we had housing starts that were within consensus range. So there really was no market movement for us to take advantage of. At this time we had a nice little selloff, working our way to the downside. This happened relatively fast. This is also called a breakout trade. I’m more of a pullback trader, so I didn’t get into these first extensions, but I had a nice little pullback here. And again, once you got to the third extension I kept my profit targets real tight, 2 ticks and 4 ticks. Plus we had FOMC announcement coming out this afternoon.
 
So in the meantime we come into the no trade zone here from 11:30 to 1:15 Eastern Standard Time. Coming out of the no trade zone a little bit of upside pressure. Again, not too much activity that I was interested in getting into. Working our way back to opening price until right here at exactly 2:00, I want you to notice this launch higher, from here until there. It stopped exactly 60 seconds later. Go back and look at it. 2:00, 2:01.
 
At that point, you know, it’s just like a runner. Once you get a nice strong move, they’re going to take a breather, and that’s exactly what this market did. Took a breather all the way back to its support level. And another thing about the FOMC announcement at this timeframe we were also preparing for the Fed Chairman to speak at around 2:30. I did not get into any trades. I was pretty much on the sidelines waiting at this point.
 
As the market continues sideways, I know it seems like there’s an awful lot of opportunities being missed, but generally on an FOMC day you’ll see a pullback. And I was really expecting a much deeper pullback. Did not occur, continued to push up higher. At that point there was one little pullback that gave us a nice clean auto wave as well as a Fibonacci retracement, took 11 ticks on that trade.
 
And as we went forward, there was no letting up, once we broke these highs. The pressure was pushing up into an extended wave trade long. Target 1, target 2, and target 3 were hit for a total of 26 ticks. And that was pretty much it for the day. I know it seems like there was a nice selling pressure here. I don’t want to be shorting or above the moving averages.
 
Working our way to the downside. Nothing really, retraced. I did try one final Fibonacci retracement here for a continuation. And got stung. Didn’t quite get my first target off. First target was hit, but did not get filled. Forced myself out at minus 4 ticks times 2 contracts for minus 8.
 
Over the next two weeks we have some free trials coming up for the Shark Den in the crude room and also for the S&P and the Euro. If you go and go ahead to the website, TraderShark.com. Go to the News and go to the Blog Archive. At the Blog Archive you will go ahead and see we have listed right now, we have three events going on. Five-day free trial beginning September 23rd and 27th. Go ahead and register on that link right there. And then I’ve got a ‘How the S&P and Euro Shark Den Works’ on October 1st for about 45 minutes. And then we have two free days in the Shark Den from October 3rd and October 4th.
 
Link to Video and Transcription