Learn to Day-Trade the Emini S&P Futures
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Ready for the Weekend – Trading Video – July 26, 2013


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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

To successful trading,

TraderShark

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 at 1678.00 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45, yet we did have an actual pro-range reversal. It’s colored in yellow because I did not take it. Nice pullback into our moving averages. Continuation higher. We had news right here at 9:55, consumer sentiment report. It was within consensus range, so it really was pretty much of a non-market moving event.
 
Found our overhead resistance, pulled back. Overhead resistance again, it was our moving average for a nice selling opportunity for a total of 20 ticks on that first trade. Actually added on to our position here as we continued on through. Notice how our trigger chart continued to fire off to the downside. And then we had a final, actually third opportunity, fired off short. Got out early as we found support down here at this 72 to 73 level.
 
As we bounced off of that support level we broke up through our moving averages. Pulled back, had an opportunity of getting in here, would have been a little bit later. Pushed up. It is still a counter-trend trade until our significant levels are broken. In that regard, only took 6 ticks on it, but the continuation was a nice move upward into our next no trade zone.
 
From 11:30 until 1:15 Eastern Standard Time. That’s a period of time that I do not trade. In this particular case we do know that approximately 70% of the time that no trade zone will tend to move higher. Coming out of the no trade zone, another opportunity to get long. Notice how we pushed up higher until we got back up to our overhead resistance level. Selling pressure. Kind of a delayed 2:00 selloff. But we do know that on our time chart, on the trade plan, it does indicate that for us not to be taking any long positions.
 
And once we got a nice clean setup to the downside, an opportunity to get into a 3 point pullback for a total of 15 ticks. In this particular case price action pulled back up through our moving average again. This is almost a nice Fib trade. Pulled back, our auto wave actually fired off. Another target 1 and 2. I did not get into this trade.
 
Going into the close we had another opportunity. Nice setup here. Trendline break, continuation higher and then on into the final close. I want you to notice we were talking about hitting an upside target of 86.50. I scaled out here at 86 even, primarily because we were in a no trade zone, the final no trade zone of the day. Ten minutes before the end of the day. And then it did continue to grind higher 86.50 level.
 
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.

Slow and Quiet – Trading Video – July 19, 2013


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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

To successful trading,

TraderShark

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, July 19th, 2013.
 
The market opened up this morning here at 1680.75 represented by this white dotted line. We had no news this morning moving the market. We generally don’t trade from 9:30 to 9:45, so we didn’t have any trades this first part of the day.
 
And again, just like a typical Friday, look at the sideways motion we had. We had a couple auto waves firing off here, was not interested in taking them. The market internals were not confirming for us to do that. We then had a nice little breakout, pullback, an opportunity to get long. From a conservative perspective, you would have flattened out and gotten no profit on that particular trade. But from an aggressive perspective holding on, we had some of the market internals were kind of reversing against us. And the only thing we really had in our favor was the old slow and quiet equals bullish type of mentality. And so if you held on through this little bit of a pullback, be able to make it a nice little profit up into 1684. And that would be a total of 9 ticks.
 
We then went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Look at the sideways motion here. Kind of supports the reason why not to be trading during that timeframe. Coming out of the no trade zone we had a nice little burst higher. Was not able to get in on that one. A pullback and then for a continuation here, again, right into the close from 3:30 on. Now I got out before getting into our final no trade zone for a total of 13 ticks. And this market just continued to squeeze, a short cover squeeze, all the way up into the 1690 level.
 
Let’s hope we get a little more volume next week. We are in the middle of earning season. Usually it kicks in about two weeks after the quarterly month. So June being the quarterly month, the second week of July we should start to kick in to a little more movement, activity next week I hope.
 
Have a great weekend. If you’d like to learn more about these and more advanced trade setups, please visit TraderShark.com 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.

No Volume FryDay – Trading Video – July 12, 2013


Daily Trading Video

TraderShark Trading Manual

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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

To successful trading,

TraderShark

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, July 12, 2013.
 
The market opened up this morning here at 1669.75 represented by this white dotted line. We generally don’t trade in the pre-market area, unless of one exception that we have, and there was a nice exception of the trade. I want you to notice the time here was right at about 9:10 for a continuation. It’s yellow because I did not take it. We do talk about those in the Shark Den. Coming into the opening price we don’t trade the first 15 minutes of the day from 9:30 to 9:45.
 
We had a nice pro-range reversal here almost at exactly 9:45. Even though we only take 4 ticks on this type of trade. It’s a scalp. It’s a pro-range reversal scalp. And generally they’ll happen twice, and so we had an opportunity for 4 ticks here and 4 ticks here. That’s only on 1 contract.
 
As we progressed into the morning, really we had a lot of sideways chop. It was as Friday afternoon. There’s a nice little burst higher. It was almost like a type of head fake and then ripped against them very quickly. Didn’t see any other, really there was no trades this morning aside from the 2 pro-range reversals.
 
Going into the no trade zone from 11:30 until 1:15 Eastern Standard Time, we did have low volume for the majority of the day. Going into the afternoon, I’ll watch for a couple potential trading opportunities in through here. Did not get them. I mean, I want you to notice the sideways motion. We do have a directional indicator that we watch. It kept us well out of any trades until right in here about just prior to 3:30.
 
We didn’t have an exactly clean setup, but I said I’m going to go in the market with 1 contract and I did 1 contract on 2 different platforms. And where we were is right here, just prior to the breakout of the opening price. We tend not to trade within 1 point of opening price. In this situation we had a large volume of buyers coming in preparing themselves for where they are going to place their positions for Monday morning. I explained to everybody why we were looking for a long position. And we had our first target out here at 1671.25. Next one was 1672.25, 72.75, and my final contracts were out at that point. If you continued on and you had more than 2 contracts you were trading, we had the opportunity to hold all the way up to the 1674.25 area.
 
And then I want you to notice this selloff at 3:59 and 55 seconds. The market tumbled and lost all of the 30 minutes it took to get that high, and then tumbled all the way back down to the opening price for a close very closely within 1 tick of opening price.
 
To learn 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 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.

July 4th Holiday Lag – Trading Video – July 8, 2013


Daily Trading Video

TraderShark Trading Manual

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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

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, July 8th, 2013.
 
Got back from upstate New York last night, visiting Niagara Falls. Only to see a little bit of sideways movement for today’s price action. There were no news reports really to propel this market any one way. The market opened up here at 1634 represented by the white dotted line.
 
Had a little pro-range reversal about 2 minutes into the trading day. And then another pro-range reversal. I didn’t take either one of these. Pretty much sitting on my hands watching the volume. The volume was kind of light today. And then as we came across our first reversal zone at around 10:00 notice we did not have a reversal. We didn’t have a trend. A nice little wave trade long. Target 1 and target 2 were hit for a total of 10 ticks.
 
I want you to notice, this pullback, right here, broke our support level which told us that the market was not going to go higher, or if it was it had to it had to take through this high. It did not. So there’s a scalping opportunity here short. Look at the auto wave fired off short for a total of 6 ticks. And then letting the market materialize a little bit.
 
I tried to get into a short trade here. Got my first target off. Got stopped out for 3 ticks, only to see the market continue in my favor. Another opportunity to get short. Came real close to getting us stopped out. Materialized in for a total of 6 ticks. That was pretty much it for the day, so it was a total of 3 trades, 2 of them were successful.
 
Before going into the no trade zone. We have a no trade zone from 11:30 to 1:15 Eastern Standard Time. Notice coming out of the no trade zone we still really didn’t have any opportunities to get long. Didn’t have any real materialization. What you don’t see here is on our higher timeframe chart we had Shark bands. They kind of held us down from a resistance level. There was really no way for us to get into any trades into the close for this afternoon. So let’s hope we get a little more volume tomorrow.
 
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 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.

This Week

Traders,

As a reminder, I am broadcasting live from upstate New York this week, so there will not be any videos this week.

Half a day trading today, closing 13:15 EST, closed July 4th and vacation day for many on Friday July 5th.

The market tends to move higher on lower volume days around Holidays, so be aware of breakouts in the trend direction.

To Successful Trading,
TraderShark

Delayed Results – Trading Video – June 28, 2013


Daily Trading Video

TraderShark Trading Manual

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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

To successful trading,

TraderShark

Info@TraderShark.com

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade emini S&P futures. Today is Friday, June 28th, 2013.
 
The market opened up this morning here at 1601.75 represented by this white dotted line. I want you to notice that upon the opening at around 9:30 the market ran sideways. We tend not to trade the first 15 minutes of the day. We do have what’s called a pro-range reversal. I got into one position, shorted it, and then I stopped myself out just in time for it to go in the direction I thought it was going to go anyways. Zero on that particular trade.
 
Then we had a news report out at 9:45. I believe that was the Chicago PMI. And so we tend not to trade within about 3 minutes either side of that news report. There was an auto wave that fired off short. Did not take that. That’s why it’s colored in yellow. And then at 9:55 we had the consumer sentiment report and that also tends to have, sometimes news leaks about 3 minutes early. And so we try not to trade 3 minutes prior, before and after that one. And as a result an auto wave fired off. We did not take these two trades. I did not personally.
 
And then as the day went on, one of the news reports being neutral and the other one being extremely bearish. I believe the Chicago PMI was below consensus range. Depending on how the news responds, if it does not respond in the direction of the news in the morning, then we tend to believe that the market’s going to follow through in the afternoon.
 
This being Friday, we really kind of bottomed out here. And just as expected the market pushed higher on bad news. Running all the stops. Another opportunity to get long again, the yellow arrows are the ones I did not take. We’re working our way back in towards the opening price. Back into the opening range. Did not want to be played with this choppy market going on.
 
And as a result really didn’t have any trades to materialize until right here at about a little after 11:00. I got in the trade. I got my first contract off, and then the second contract I flattened at the same position, and so I took a total of 4 ticks on that trade. And then once we got up there got a nice setup to go long. Got my first contract off and it messed around with me, came to within 1 tick of our target 2 and then came back out and I got stopped out for minus 2 ticks. And that’s one of the reasons we keep our stop relatively tight. After it starts to move we tighten it up.
 
And in this regard, here at 11:30 we had what’s called a no trade zone. And from 11:30 to 1:15, again another period of time where the volatility increases and the volume decreases we don’t ever want to get caught in that realm. However, I mean I call it a no trade zone and yet we were watching it close, looking for a type of selloff. I took this trade to the downside, and all of the sudden found, I got my first target off and then I flattened out there too. It was just, we were watching the volatility index. We were watching the bank index. It was really all over the place and so it would have followed through and hit our second target, I just chose to get out quickly.
 
And then as we continue on, here at about 1:15, came out of the no trade zone. Had a nice opportunity to get in long. And I want you to notice we had a nice clean trendline on a momentum indicator and got our first target off. Got stopped out before it continued on in the direction. Took a minus 2 ticks on that trade.
 
And then at around the 2:00 timeframe we don’t want to be caught in any long positions, but you don’t just inadvertently short. So in this particular case, I waited for a nice clean setup. Got the setup to go short. Auto wave fired off. Target 1 and target 2 were hit. Actually in this particular case I was expecting to run quite rapidly to the downside. It did not.
 
Going on into the close we had an opportunity to get long. Target 1 and target 2 were hit for a total of 10 ticks. We were above the opening range and at that point it just kind of appeared that we were not going to have the heavy sell off we were expecting.
 
And then, again, I know this is a no trade zone here at 3:50 is a no trade zone. And I started to put all the arrows into the Shark Den, so everybody could see what was going to go on. Going into the final no trade zone, I always tell people that we don’t trade at 3:50, but there are exceptions to the rule. In this particular case, remember the news report we had this morning. Expecting a sell off due to the news. Going into the close of the day, I did take this trade short. And I don’t want newer traders taking this type of risk, but in this particular case, you know, we kind of know how the S&P futures breathes and this thing was going to tumble. All of our indicators were firing off to the downside and we were not disappointed. So kind of saved the day for a Friday afternoon.
 
I want to let you know, next week I’m going to be in New York. I will be broadcasting live Monday, Tuesday, Wednesday, and Friday. Have a great weekend everybody. Have a great 4th of July. And I will talk to you then.
 
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 talk to 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.

Head and Shoulders – Trading Video – June 24, 2013


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Learn to Day-Trade the Emini S&P and Euro Futures – live with a full-time trader.

This video is designed for educational purposes only and to show some of our trade plan setups to reinforce our daily trade plan review.

To successful trading,

TraderShark

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 24th, 2013.
 
The market opened up this morning here at 1570 represented by this white dotted line. We then have an opening range that we generally do not trade in, or it just tends to be a little choppier than usual. But as soon as the market opened up we said watch for this 1556 to 1557 level. 1556.25 was the gap from April 24th. And the downside pressure from overnight, since Friday, expected our final target to be down around 1556.25.
 
We then had a nice little retracement back up to the opening range, resistance level. Pullback until about 10:30. At 10:30 we had the Dallas Fed Manufacturing Index came out much better than expected. So all of the sudden, we had a tidal wave setup to go to the downside, but we didn’t have that much reaction from the news until later on in the afternoon.
 
Coming in for a pullback back into the opening range. Continuation, we had what’s called a trendline wave trade and then an extended wave to the downside. Only to find our bottom here on a Shark band. Shark band took a final bounce and then never looked back.
 
Working its way from the low of the day right here during the no trade zone, we have a no trade zone from 11:30 to 1:15 Eastern Standard Time. For a 27 point move upward. Worked its way back into the opening range, through the opening price. Notice how they had initial retracement off of opening price for a continuation. And then it worked its way through this Shark band for another retracement to the down side.
 
For a trade of the day, we had what’s called a head and shoulders pattern. Pretty clear when you see the lines drawn. So there’s your first shoulder, there’s the head, second shoulder. And then what you do is you draw your distance from the head to the neck line, and that would be the final target. And so we had a break of this trendline. A retest even through it broke through the retest. And then there was a nice clean Fibonacci trade. The Fibonacci trade lined up with a continuation to the downside. The high to the low, retracement 50% for continuation. And we started drawing this potential target of 1566 back at 3:30, and the materialization occurred right about 4:00. So about a half hour before it actually hit our profit target.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit Trader Shark.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.

Post FOMC – Trading Video


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

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 we had FOMC announcement at 2:00 Eastern Standard Time, so we weren’t expecting much movement. An initial burst one direction or the other. We did not get that. So we had what’s called a pro-range reversal. I want you to notice the opening price here is at 1644.50 represented by the white dotted line.
 
We had a very narrow Globex range, so with that we expected a quick pro-range reversal. Took a quick 4 ticks with 1 contract. Got stopped out with 1 contract and made another 8 ticks. Just real quick, this is between 9:30 and 9:45 in the morning. We generally don’t trade unless we get a pro-range reversal in there.
 
In the meantime we did not have a break until all the way up here until 2:00. So notice the sideways movement. There was no trades. Did a lot of sitting on our hands. Then at 2:00 the initial move was down. And it appeared to have an initial move upward, but this actual move, you know, looking at it from a longer time frame perspective. The initial move was down. Had a nice little bounce for 4 ticks. And then when the market gets so volatile and is moving so violently, you really want to give it a couple minutes to settle. At least 3 to 5 minutes on FOMC day. And then I only traded 1 contract. So this nice little burst here up for 14 ticks.
 
And then we didn’t have any other setups. We did see a pullback expecting a deeper continuation, right. The initial move, the action, the reaction, the continuation. So I was expecting that. Got stopped out for 4 ticks here. And then we broke the previous low. Nice little pullback, continuation for a total of 14 ticks.
 
Now I’m going to go ahead and slide over and show you the trade of the day. When we had a retracement this significant level was never broken. We did initially draw a significant level here and that was an area that I had this morning by talking about breaking the significant level. But I want you to notice, when this significant level is not broken, continuation in the trend direction is likely and that is exactly what we saw.
 
So let’s go ahead and slide over to the trade of the day. So for our trade of the day, the exact same timeframe as our higher timeframe chart, right here at around 3:38 Eastern Standard Time. Did not get in on this for a continuation lower. As our momentum indicator went into oversold. This is considered a breakout trade. Our directional indicator was supporting the continuation. Jump in with any type of market order, limit order, whatever you want in this particular case. Notice we have Heikin Ashi candles to keep us in and we also have another moving average that jumps in through here. Keep your trailing stop in behind it.
 
And then prior to going into our final no trade zone of the day. Look, we even had another firing off of the auto wave for a continuation lower. Trading the FOMC day is not for new traders. It’s really quite a volatile timeframe. Anybody that did try it or at least sit back and watch it, you could have seen, we watched the market depth indicator jumping all over the place. Price action was having pullbacks as much as anywhere from 8 to 12 ticks, and was taking out any type of tight trailing stops. So hopefully you either made money today or at least you kept your powder dry and learned and journaled at the end of the day what you would do for the next FOMC day.
 
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 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.

June 17th and 18th – Trading Video

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

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. I’m going to go through two days today, Monday, June 17th, and Tuesday, June 18th.
 
The market here on Monday, June 17th opened up at 1631.50 represented by this white dotted line. We had an 8:30 news report and a 10:00 news report. 10:00 news report being the housing market index. And it was much better than expected, outside of consensus range. The market did not quite take off as dramatic as we expected it to. Had an opportunity to get in long, took a stop out, forced myself out for minus 8 ticks.
 
Continued along our moving average. A little bit of sideways motion. Still didn’t move with the emphasis we were expecting to have. Trade here got on the first target, got stopped out for minus 2 ticks. As we watched the sideways motion continue to chop into the no trade zone. Once we got into the no trade zone, there’s the sideways chop, from 11:30 to 1:15 Eastern Standard Time.
 
Immediately coming out of the no trade zone, an opportunity to get long. Target 1 and target 2 hit for a total of 8 ticks. And then at 2:00 in the afternoon we don’t really want to be caught in any long positions. And in this case the selloff occurred quite dramatically. We don’t usually take the initial move because then you’re trying to call the top. We try to avoid calling tops. We had a nice little pullback here. Entry of target 1 and target 2, total of 6 ticks. And any of you that held on for a third contract were able to pull in 2 or 3 points on this specific trade.
 
Opening price did not pose any type of support, operated as resistance level and continued lower. We had a nice little trade there for 17 ticks to the downside as the market sold off all the way down here to 1624.
 
With the bounce off of the bottom we were able to break a significant level. Nice little pullback for an opportunity to get long. Had two separate positions going on here. One for a total of 10 ticks, one for a total of 14 ticks and then scaled out right here at around 1633.50. Market continued higher. For the day we ended up with 7 trades and 45 ES ticks.
 
Going into the next day, Tuesday, June 18th, from 9:30 to 9:45 we did not take any trades. Opening price was at 1634. An opportunity to get short. Did not even get our first target off, forced ourselves out based on our internal indicators for a total of minus 6 ticks.
 
Continued on, realized we were going to be pushing higher. Right here at about 10:30 we had an opportunity to get long, target 1 and target 2 hit for a total of 10 ticks. Another pullback, and then once you get into your third or fourth pullback into the trend direction, I kind of start scaling out my second contracts sooner. So in this particular trade, 2 ticks and 4 ticks and I was happy and I got out.
 
We then saw a little more of a dramatic pullback. A lot of strong overhead resistance here at about 1643 scaled out at 1642.5, total of 8 ticks on that last trade. Going into the no trade zone, I did not take this final trade going into the no trade zone from 11:30 to 1:15 Eastern Standard Time. It seemed like there was some pretty dramatic moves, but all in all you got lower volume, higher volatility.
 
Coming out of the no trade zone, again there’s our 2:00 time frame. We did not have any setups to get short. There was a nice setup to go long. I did not get into this one as the market moved higher after 2:00. And going into the close that was it for the day. We basically had 4 trades for a total of 18 ticks.
 
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 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.