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

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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. I’m going to go over four days, Monday, Tuesday, Wednesday and Thursday in this particular video.
 
I want you just to see the consistency of, we had a relatively narrow Globex range and a narrow opening range, which clearly indicated a choppy market. Fake out break out to the upside. Again, this right here is on November 26th, on Monday. Fake out break out to the upside. Fake out break out to the downside. Fake out break out to the upside for a continuation into the close. So it was a pretty choppy day. We knew it. We knew it the opening range timeframe. We knew exactly what we were going to see.
 
Tuesday, November 27th, we had almost an identical setup. Fake out break out to the upside. Fake out break out to the downside. Another fake out break out to the upside before it broke to the downside and on into the close.
 
On Wednesday we had a little better action. Little broader Globex range. The opening range here we did have a nice breakout to the downside with a hook pattern. Start out, did not quite reach the end. We then found ourselves back into the opening range for a breakout. Nice little hook pattern setup. Failed hook pattern setup. Another follow on hook pattern setup for a continuation and found resistance right in this Shark band.
 
We then had a nice pullback going on into the previous day’s lows. I think it was like 1395.50 at that point. Get a nice clean entry down here. Took a little bit of heat. For a launch. This particular trade I took 3 contracts. First contract off at 8 ticks. Second contract off at 14 ticks. And the third contract off at 18 ticks. The targets were 1397.5 and 1399.5. And then we’re out.
 
We let the market run sideways as it usually will do. And then there was a nice little pullback here. Anybody else if you would have held on to that with a trailing stop you had an ultimate target up here around 1406, 1407, actually 1407.50 I think was the final. And then let everybody else do all the fighting into the close.
 
So for Thursday, November 29th, we had a pretty decent size Globex range. Narrowing opening range. Expecting another type of choppy day. And we had a hook pattern setup, failed. Another hook pattern setup, but in this particular case we had a news report, not actually news report, we had Boehner came out and indicated they were still having a challenge trying to come to some type of resolution. And the market dropped off relatively quickly. So in our particular setup we may have gotten 3 ticks, 5 ticks, possibly even up to 8 ticks and then we’re out. We did not know this thing was going to follow through so quick.
 
And then Harry Reid came out and did a follow on commentary. So we got the battle on the political hill there. And price action immediately retraced and worked its way back up into the opening range. So we knew this was just a type of shakeout before it was going to continue higher. And we just went sideways on into the close.
 
And that was it for the week. So we had a pretty choppy week. I think we have a lot of conflict between the uncertainty. Market does not like uncertainty and you’ve got the fiscal cliff that they don’t know about. Yet we’re right in the middle of a Santa rally where the retailers are supposed to be going from their red numbers to their black numbers. So exercise caution in each one of your trades. It’s okay sometimes to take smaller scales. Taking your 3 ticks, 5 ticks, 8 ticks. Unless of course you have something a little more prominent setup where you can hold on with a trailing stop. I hope that adds to your arsenal of ideas on how to trade this market.
 
To learn more about these and more advanced trade setups, or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you . Have a great evening and I’ll see you in the Shark Den tomorrow 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.

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To Successful Trading,
TraderShark

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!

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, November 16th, 2012.
 
Options expiration day. The market opened up here at 1352.25 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. Just a period of higher volatility. And it’s a period of time that we want to wait and let the bulls or the bears determine what direction they’re going to push the market.
 
We really didn’t see anything happening until right here at about 10:00. We had an opportunity to get short. Target 1 and target 2 hit for a total of 10 ticks. Once we established a low, broke the low, the low now becomes what’s called a significant level. Once that significant level was broken then we had set up for a potential Shark Attack trade.
 
Here we had an opportunity to get long. Took 1 target here at 4 ticks and then it just really didn’t materialize. It didn’t seem to act the way a burst from the bottom would. So only took 2 ticks on the second contract. Total of 6 ticks. Set back. Keep the powder dry. Wait for a better trade to come along. Really not much going on. We did test the bottom of the moving average. Dropped back below our significant level. Pullback. An opportunity to get short. Target 1 and target 2 hit for a total of 10 ticks.
 
We talked about this 1340 level. It’s actually 61.8% retracement on the weekly level. There’s a bounce. Going into the no trade zone from 11:30 until 1:15 Eastern Standard Time. It’s just a period of higher volatility and lower volume. But in this case we really left a lot on the table. There several reasons we don’t trade during the no trade zone. Primarily it gives us, you know, more of a discipline. A structure. It gives us a break away from the computer. And in this case this thing just took off like a rocket. A Shark Attack trade in the making. We saw it set up. It didn’t quite materialize until the no trade zone. I did not get any of this as it ran up in through the no trade zone, which is okay. That’s my trade plan. Other people I’m sure out there were trading during that time frame.
 
Coming out of the no trade zone we had a 2:00 timeframe that we don’t really want to have any long positions. Had an opportunity to get short. Target 1 and target 2 hit for a total of 14 ticks. This was not a planned trade. This was more of an art form.
 
Nice pullback. This was a nice clean opportunity to get short. Target 1, target 2 for a total of 9 ticks. And then we had a pullback to our moving average expecting to have a little bit further downside. Did not. Got tagged for about 14 ticks. I know it says 12 ticks. I lost 14 ticks on that particular trade. And then right behind it when you get stopped out in the opposite direction, an opportunity to set up target 1 was hit for 2 ticks. And then later on we got another 4 ticks in this particular setup.
 
Notice we had the auto wave trigger. Another opportunity to get long here. Just a basic wave trade. You got your auto wave and your basic wave. Took off. Worked its way up. Another pullback. We had what’s called an extended wave trade opportunity. Another extended wave trade opportunity. And the market just rebounded today. It was awesome. Pushing all the way up to the high side. Showing the strength of the last 7 days. We had a down market. Nice recovery going into a weekend.
 
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 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.

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!

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, November 15th, 2012.
 
The market opened up this morning here at around 1353.25.You’ll notice we’re starting kind of in the middle of the morning here at around 10:30 or so. We generally see, from 10:10 to about 10:25 potential reversal zone around 10:30. The market tends to trend from 10:30 to about 11:15 and you’ll notice we had a gradual pull all the way down into yesterday’s low.
 
And then we had drawn these lines earlier saying, hey, here’s yesterday’s low 1349 potential area for a Shark Attack trade and then we expected price action to kind of consolidate between these two levels. Between 1347.50 and 1349.50. As price action continues to test yesterday’s low, even though it broke through its still considered testing it. We did have an opportunity to get long.
 
And I’m going to show you a failed Shark Attack trade followed by a successful Shark Attack trade. There’s Shark Attack end up right here at about 11:27. First target was hit with about 4 ticks. Generally a Shark Attack trade will have anywhere from 8 ticks to 16 ticks for this second target. In this particular case as long as you get the trade and you get your first target off before you go into a no trade zone, it’s okay to hold on to that trade until you get stopped out or you hit your profit target. In this particular case we got stopped out for minus 8 ticks on the second contract. Took a loss of a total of 4 ticks on this Shark Attack trade.
 
Going into the no trade zone we don’t initiate any new trades. Coming back out at 1:15 we did see a nice clean setup here. We had an auto wave setup. Approaching our yesterday’s low a third time. I can’t really get this ellipse to print over the top of the no trade zone. But you can see we had a low to a high. 50% pullback. Valid entry, so we had a Fibonacci pullback, auto wave trade setup, knowing that we were approaching our yesterday’s low. First target was 8 ticks, right here at 1351.50. Pullback. No heat really. Just kind of a gradual push. Second target 1353.50.
 
And then we had a runner. If you’re only doing 2 contracts, you’d be out by 1353.50. The market continued to push a little higher. It’s okay to leave a little bit on the table. Not disappointed with a total of what? I think we had 9 ticks on the first trade and 17 ticks on the second trade, depending on your entry. Got 1 tick better than the entry here at around 1349.50 to 1349.25.
 
We watched for the rest of the day as the market came back below the moving average. And back and retested the lows of the previous day. Broke through the lows yesterday. Kind of pulling everybody in. Trying to get them to get into a bad trade. The key support that we had was at 1346 to 1345, you’re not seeing it here, but this was a Shark band. Had a little bit of a bounce off of that. Came back up through. No hesitation at yesterday’s low.
 
So you had an opportunity to get into this again. Some other traders in the room were about to get target 1 and just shy of target 2, about 1353.25 for a second Shark Attack trade. So on the same day we had 3 Shark Attack trades. First one failed. Second one fully materialized. Second one at least you would have gotten your first target off. If you had watched the market internals, you had a nice cross here to the downside of the trigger chart. You could have possibly gotten at least a 3 point profit on that second contract.
 
It’s good to watch a Shark Attack trade over and over again. It’s not really for new traders unless you’ve experienced it several times before, before you get involved in this.
 
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 night. Remember tomorrow is options expiration day and I’ll see you in the Shark Den on Friday 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.

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!

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, November 5th, 2012.
 
The market opened up this morning here at 1407 represented by this upper white dashed line. I want you to notice this pre-market action pretty much established a channel between yesterday’s low or Friday’s low. And once we had a little bit of a break below, we don’t trade the first 15 of the day from 9:30 to 9:45.
 
Once we had a break below Friday’s low, we had an opportunity for a long position here. In this particular case we set this up as a Shark Attack trade. The details in that are described in the Shark Den. And we quickly took a lot of heat. We actually have a 4 point stop on a Shark Attack trade. And as this thing materialized we were emphasizing no short positions at this point as we just kind of hovered around this 1405 level.
 
Then we had a nice little break above the 1405 level for a pullback. Finding support again. And if you did not get in on the Shark Attack trade here, did not weather any heat, you had an opportunity to get in here at about 10:30 for a potential long position. Now, this was held on with 2 contracts. The first contract went off at 3 points at 12 ticks. Second contract went off at 17 ticks.
 
This trade here was actually a trendline wave trade. And as the market continued to push higher target 1 and target 2 were hit. Plenty of opportunities. Here’s an auto wave trade long. If you took that you would have gotten about 10 ticks. I did not take this, that’s why it’s colored in yellow.
 
Another opportunity to get long. Hit our first target. We changed targets at 4 ticks and then actually did not materialize. Thought it was going to continue to run. Got stopped out over here for minus 4. Plus 4 minus 4 equals 0. And in this particular case, coming off of the highs there was a break of the moving average. Pullback. Nice opportunity. Auto wave for a short into the no trade zone.
 
From 11:30 until 1:15 Eastern Standard Time we do not trade just because of a lower volume and a higher volatility. Notice the pullback all the way back down to this 1405 level. Another opportunity to get in quickly after the no trade zone. Target 1 and target 2 were hit for a total of 10 ticks. If you held on longer, if you saw the materialization of an extended trade with a trailing stop. Some traders would have taken as many as 20 ticks on this particular trade. If you did not, all of the market internals were pointing up. We had another potential wave trade. Another potential wave trade. All these additional opportunities to get into a long position.
 
And then right into the close, another opportunity to get long right there into the close. And then notice the selloff. So, you know, why did this market stop here at 1411 to 1410. This was a Shark band, okay. You can’t see it on this particular screen, but we had a Shark band in the room. That’s why we scaled out.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den tomorrow voting day.
 
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.

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!

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, November 2nd, 2012.
 
The market opened up this morning here at 1430.75 represented by this white dotted line. We had a couple of news reports this morning. Remained within consensus range. We don’t trade from 9:30 to 9:45 Eastern Standard Time primarily because we want to let the bulls and the bears determine what direction the market’s going to move this morning. Just a lot of volatility. We don’t want to trade in that.
 
Coming out of the no trade zone we had an opportunity to get short right here at about 9:56 or so. Had an opportunity to get short. The market quickly went against us. We exited early primarily due to the other market internal indicators that allowed us to do so. And I took a loss for 10 ticks on 2 contracts.
 
Notice how we continued to navigate below our moving average. We had another pullback. Nice clean entry for an opportunity to get short on an extended wave trade short for a total of 10 ticks on 1 trade over here. So we had 2 separate trades going on, a total of 4 contracts into this. Two contracts on the first trade, 2 contracts on the second trade. Second trade we had 10 ticks to 21 ticks for a third target contract target that materialized later on. Notice the pullback here. Did not take us out. Nice trailing stop. Target 3 was hit.
 
We then had another pullback. Nice opportunity to get short. Target 1 was hit. Got stopped out for minus 2 ticks. If nothing else, you can notice the sideways motion our indicators kept us flat. Going into the no trade zone over the lunch hour, 11:30 to 1:15 Eastern Standard Time. Coming out of the no trade zone notice how we continue the sideways movement. Had a little bit of a selloff. Pullback. Opportunity to get in. A little bit of pressure. Dropped down for a total of 14 ticks on 2 contracts.
 
We then felt like we were at a bottom here. We were hitting a Shark band. An opportunity to get long. Got our first target off. Got stopped out for minus 2 ticks. Going into the close another opportunity to get short. We did not go for our full targets. We were in the direction of the trend, just questioning whether we were going to go any further. Market internals got us out a little bit early. Total of 6 ticks on our final. Out for the rest of the day to end a great three day week.
 
And keep your thoughts and prayers still towards those involved in the Hurricane Sandy in the Northeast part of the United States. 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 we’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.

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!

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 and the Euro futures. Our thoughts and prayers still continue to go out to the victims of Hurricane Sandy in the northeast section of the United States. Obviously the market was closed down on Monday and Tuesday of this week.
 
Yesterday we monitored the markets, trading only 1 contract a few scalps, but for the most part it is very difficult for us to get a grasp as to the market, primarily due to the lack of numbers from Monday and Tuesday. With that being said today we had some good solid numbers. The market gapped up by over 8 points. And from that period the opening price here on November 1st, 2012 is 1410.25 represented by this white dotted line.
 
Now when we gap up by that many points we do what’s called a tidal wave trade. And we’re only trading with 1 contract. We are looking for reasons to get into a trade long. And in this particular case we don’t trade from 9:30 until 9:45. It’s a period of higher volatility and we wait for the market to set up in our favor once we get outside that no trade zone.
 
An opportunity to get long yielded 22 ticks on this particular trade here at about 9:46. Now as we scaled out or scaled in we added additional contracts. Up here at about a little after 10:00 we added one more contract for 12 ticks. And then another contract in here at around 10:11. Now some of our profit targets, each one of these trades we use 1 contract only. So if you traded more than 1 contract you obviously yield a little bit higher results.
 
Price action remained above the moving average and as a result we continued to watch minor pullbacks. And we then had an opportunity to get in short below the moving average right here at about 11:25 or so. Took a loss for 4 ticks on that particular trade. Again, only using 1 contact.
 
Coming out of the no trade zone from 11:30 to 1:15 Eastern Standard Time we had another opportunity to get short. I used 2 contracts on this particular trade with a target of 4 ticks. So we had a total of 8 ticks with 2 contracts. And then coming up through the moving average for a continuation to the downside based on our auto wave trade. Total of 6 ticks. Two ticks for 1 contract. 4 ticks for the other contract. And that was it for the day. We had no trades in the Euro this morning.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

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!

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, October 22nd, 2012.
 
The market opened up this morning here at 1425.75. There’s a Shark band right there in the center. Our opening range we had about a 3.25 point opening range, which was narrow enough to think we were going to have some type of breakout one way or another. We had a little bit of a head fake to the downside. Worked its way back up into the opening range. Little bit of a head fake to the upside. No trades at this point. And right back into the opening range.
 
No trades all the way up until about 11:15 or so. We did have a nice hook pattern setup. An opportunity to get short. Target 1 and target 2 were hit. If you held on for the hook pattern target you were a little bit shy of getting that. Had to wait a little longer. And right into the no trade zone, about 2 hours into the no trade zone you would have gotten that pattern filled.
 
Another nice clean hook pattern. Again this occurred during the no trade zone for an opportunity to get short. We don’t trade during the no trade zones, but I want you to see the patterns anyways. Found support on the Shark band. Nice rebound off of the bottom. Break of a significant level. Shark Attack trade. Target 1 and target 2 hit. In this particular case I think I got in around 1422. I held this one on for a total of 3 points, 12 ticks.
 
And a special congratulations to Cliff. I think he, he beat me by almost doubling me today. He ran 6 points just on this one trade in itself. It was a fantastic into the close timeframe to trade. As a quick reminder, you know, your best time to trade is 9:30 to 11:30 Eastern Standard Time and then that last half hour into the close. Usually about 20 minutes from about 3:30 until about 3:50.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

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!

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, October 19, 2012. It’s also options expiration day and the 25th anniversary of the flash crash that occurred back in 1987. So we want to keep that in the back of our minds. It’s not too important at this point.
 
The market opened up at 1450 represented by this white dotted line. We don’t trade from 9:30 to 9:45, just a period of higher volatility. And we want to let the bulls and the bears determine what direction they’re going to push the market. We had a gradual selloff.
 
Coming out of the no trade zone the market kind of wrapped itself around our moving average. Didn’t really have any opportunities to get in. There was a nice opportunity, notice our wave trade indicator, double red dot popped in here. I did not get in on this one, so I waited for another healthier entry right there at about 10:46 for a short opportunity. And this one we hit our target 1, target 2, and I had a trailing stop in there. I had a trader in the room also held on for a total of 36 ticks just on this one trade. So 21 to 36 ticks depending on what stops or profit targets you used. Whether you used a trailing stop or whether you used fixed targets.
 
The market continued on the selloff. At this point we’re all watching all of our market internals. Sold off into the no trade zone. No further opportunities to get on. We look for a little bit of a pullback for a continuation. We don’t trade during the no trade zone from 11:30 until 1:15 Eastern Standard Time. Which you were when we finally got stopped out right here at about 1434.
 
Coming out of the no trade zone we had a nice little break through the moving average. Continued bearish pressure to the downside. An opportunity to get short. A total of 10 ticks there at about 1:45 Eastern Standard Time. Another opportunity to get in short. If you’re doing a trend trade you would have had a reduced risk stop out with minus 2 ticks. I did not get in on this one.
 
We look back as we continue on into the close. There was no other opportunities for us to really jump on this trend until getting into the close. Had an opportunity to get long right here at about 3:45. Target 1 was hit. We rode it all the way up. It would have hit target 2 except I had my target 2 up closer to around 1432. I missed it by 1 tick. Came back. Stopped me out for flat breakeven.
 
All in all it was a great day. Especially considering it’s an options expiration day and with the volatility we had to deal with.
 
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. Have a great weekend 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.

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!

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, October 11, 2012.
 
The market opened up this morning here at 1437 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. However, there was some unemployment numbers that came out positive. First pullback opportunity here. We did trade pre-market. I’m not showing it on here. We pulled 2 ticks and 3 ticks and then we had the market open. We don’t generally want to be in a trade at the market open. Obviously that’s like a news report movement in price action.
 
We waited for the first opening range. Ran across the moving average. Nice pullback here. Now, I got in late. This is a classic mistake, chasing a trade. If you took your standard entry and got in here or tried at least by 1 tick, you would have hit your target 1 and target 2 for a total of 10 ticks. However, I did a classic mistake. I traded it. I was a little bit late getting in. Did not get my target 1. Pulled back to about minus 4 ticks and would have gotten stopped out for minus 8 with 2 contracts. So I’m going to label this as minus 8 to a total of plus 10. I took a loss of 8 ticks. Some traders in the room, if you hit it properly, you would have been out plus 10 ticks.
 
And then as the market continued on price action continued. You don’t want to be buying at the highs of the day and I want you to notice we did have what’s called an extended wave trade long. And got in here. Target 1 was hit. Got stopped out for 2 ticks over on this side.
 
We then cross back through our moving average. Tested our opening price. I did not get into this trade because I generally don’t trade within 1 point of opening price. In this case a nice clean setup. See that wave trade signal right here for a total of 6 ticks. It’s colored yellow because I did not take that trade.
 
We then went into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time. And that’s just a period of higher volatility, lower volume. Coming out of that no trade zone, I was not here. I was actually at a meeting. Did not get back in until around 2:00. But this is a nice clean setup. I think some of the traders in the room did actually get a hold of this one. Trending outside of the opening range. Target 1 and target 2 for a total of 10 ticks.
 
Then just as I was settling into the trading area, there was a counter trend trade that set up. Target 1 was hit. Got stopped out for minus 2 ticks on that trade. Again, they’re yellow if I did not take them. They’re colored red if I shorted and green if I went long. In this particular case just as everything was settling down thinking we had a nice trend to the downside, target 1 was hit got stopped out for minus 2 ticks. And you can’t just stop because you’ve got a reduced risk stop or a full stop out. You’ve got to continue to follow according to your trade patterns. Wave set up here just about 3:30 in the afternoon. It is counter-trend. Target 1 and target 2 hit for a total of 6 ticks.
 
And then you’ll notice the last trade into the close, by that time there was quite a bit of sideways movement. Did not expect this market. But the setup. There’s your wave trade setup. Target 1 and target 2 hit for a total of 6 ticks. Again, yellow, I did not take it.
 
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, enjoy the debate tonight, and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
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