Learn to Day-Trade the Emini S&P Futures
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Daily Trading Video – July 16, 2012

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

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

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To successful trading,

TraderShark

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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. Today is Monday, July 16th, 2012.
 
The market opened up this morning at 1348.25 represented by this white dotted line. We had a retail sales number that came in less than expected. And we actually tried to trade pre-market here. And I got stopped out for minus 4 ticks. The retail sales allowed for a selloff. And then we also had a news report coming out at 10:00.
 
Definitely got in a little bit early on this particular trade. I want to short the market at about 10:10. Generally the market will continue in the direction if we did not have a reversal. We did not have a reversal and as a result I got a full stop out of minus 16 ticks. And then crossing up through the moving average we had a nice clean pullback. An opportunity to get long. Again, a little bit early based on our indicators.
 
Today was a sideways chop. We barely had a Globex range of over 5.75, so we’re not expecting much movement. Also, this remained within our opening price range that was a little bit choppy. Any trades we took, you know, seemed to be aggressive at this point.
 
Took a minus 8 ticks on this particular trade. We had another trade to go long here. Got target 1 and target 2 hit for a total of 10 ticks. And then we went into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time.
 
Breakout to the upside just a little after 1:45. An opportunity to get long. Target 1 and target 2. We did hit our target 2, which would have yielded us 10 ticks. However, once it hits it three times we’ll go ahead and we’ll move it in by 1 tick to take a profit of plus 9 ticks.
 
And that was it for the rest of the day. You see a lot of sideways movement. A lot of chop. Momentum. Did not see any real clear opportunities to get into good trades in the afternoon. So hopefully tomorrow we get a little bit better price action.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Daily Trading Video – July 12, 2012

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

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

Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
So what we have here is we have a pullback. Notice the 1327.75. 1327.75 is today’s open as well as yesterday’s low. Price action had dropped all the way down to 1320. And watch over the no trade zone as price action worked its way up from 1320 all the way up to the 1327.75. I had talked to everybody, when price action worked its way up to 1327 and now it’s continued to work its way sideways. We waited for a nice pullback. Moving average cross. Right, the low, the cross, the high. Pullback 50%.
 
Looking for targets of 1329.75 and 1331.75. If you did just the basic Fibonacci retracement setup, you’re looking for 1329 even. And up here we’d be looking around 1330 would be the T3. Ready for the launch. The entry on this particular setup would be 1337.75. So you got a lot of things setting up. Want to make sure our CCI is in line. I’m looking at the anchor charts. Both anchor charts are in long setup positions. The trigger chart has triggered, right here, 1327.75. So if we’re on that, I don’t have the trade platform in front of everybody, but I am watching for a target 1 is 1329.75. Target 2 is 1331.75.
 
Wave triggered. The Fibonacci retracement set up nicely for an entry at 1327.75. Most would not be going long into yesterday’s low and today’s open. Perfect opportunity for a Shark Attack trade. T1 is already hit and filled. T2 1331.75. Sometimes the Shark Attack trade can happen instantaneously, very fast, or sometimes it can take a couple hours for it actually to materialize and set up. In this particular case it took from, so what was the first approach, from about 12 noon until now, so a little over an hour and 10 minutes.
 
Okay, so now we’re hitting T2 and T3 on the Fibonacci setup. And in the meantime the Fibonacci trade is over. Looking for a 1331.75. Two ticks short of T2 and we’re at 1331.75. Going to go ahead and move the Fibonacci levels at this point.
 
At what point will we be considering a potential exit is we are watching the CCI. Potential cross to the downside. We’re also watching the holding indicator. Everything is bullish. ADX is confirming. Advanced decline is looking good. Bank index is off to the races.
 
1331.75, 1 tick away. Tap, tap. Tap the bottom of the monitor. Anywhere to 1331.75. Tap, tap, tap. Tap the monitor. Tap the bottom of the monitor. Those of you that have a Mac computer please be careful with your white gloves. Tap 1 more tick. Come on. Once T2 gets touched, one. I don’t know how many hit there. It hit a little bit 1331.75. T2 has hit. T2 filled. Thank you for watching.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Daily Trading Video June 28, 2012

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

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

Daily Trading Video

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 June 28th, 2012.
 
The market opened up this morning at 1317. We had a couple news reports this morning at 8:30, the GDP and the jobless claims. Both within consensus range, so they really didn’t have much effect on the market. We don’t trade from 9:30 until 9:45.
 
Coming out of there we were choppy within an opening range. And I think it was mostly waiting for the court decision here at about 10:00 in reference to the Obamacare, which they upheld. And with that we had an immediate selloff. Now there’s probably a 50/50 consensus as to is it going to be good or is it going to be bad for the financial markets. So with that we didn’t jump on any trades at this point.
 
Now ordinarily on a news announcement, you’ll see a selloff, nice clean pullback and a continuation in the direction. In this particular case it continued to chop around sideways and work within our opening range. We really didn’t get interested until after we had a nice clean break down through our opening range. Pullback. Target 1, target 2 hit for a total of 10 ticks. Some people held this on for a total of 14 to 16 ticks. I did not. I got out and I ended up paying twice the amount of commissions. Not a big deal. Got 4 ticks on that final side before we went into a lot of sideways chop and consolidation.
 
There was a nice clean pullback to our moving average right here at around 11:10, but we do watch the clock. And in this particular case I did not take this trade. Worked its way up into the no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone we had an opportunity to get short. A nice clean 10 ticks. Resistance level here on our moving average and did not have any further trade’s setup to the downside.
 
Notice price action worked its way back up through the moving average. A pullback. In this particular case we did have a couple traders that knocked out anywhere from 25 to 40 ticks just on this one trade. And we had a lot of market internal indicators telling us just to buy on and hold. And notice our first entry here, if you’re playing from a conservative static targets, target 1 and target 2 hit for a total of 9 ticks. Here, if you’re doing another static target, target 1 and target 2 for a total of 10 ticks. However, if you held on with maybe a trailing stop in behind the moving averages, you should have been fine. Working your way up into anywhere from 25 to almost 40 ticks on that particular move.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

 

Daily Trading Video June 27, 2012

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

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

Daily Trading Video

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 Wednesday, June 27th, 2012.
 
The market opened up this morning at 1318.25 just above our opening range. Notice from 9:30 to 9:45 we generally don’t trade. Coming out of the no trade zone we broke above our opening range for a nice clean pullback. Target 1 and target 2 hit for a total of 10 ticks. And then we went sideways consolidation. Kind of a choppy mode.
 
And then we did have an opportunity to try to get long. We saw a break through our moving average. Looked for an opportunity to get long. Target 1 was hit and got stopped out for minus 2 ticks only to find our price action to continue to ride along this opening high range. We did have an opportunity to get short once we crossed through the moving average again. Target 1 and target 2 were hit for a total of 6 ticks and then we went into the no trade zone. Lower volume and higher volatility and we choose not to trade during that timeframe.
 
Coming out at 1:15 we had an opportunity to get short. Target 1 and target 2 were hit. This was a countertrend trade because we were still above the moving average and some people were able to hold on. We have what’s called a holding indicator. The holding indicator would have allowed us to get into approximately 10 ticks. I was out at 6 ticks on that particular trade.
 
We then, once we had a confirmed movement below the moving average. Another opportunity to get short. Target 1 and target 2 were hit. A total of 8 ticks on that trade. And that was pretty much it for the day. We had a nice cross back to the upside and there really wasn’t any other opportunities before we went into another no trade zone.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

 

Daily Trading Video June 22, 2012

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

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

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, June 22nd, 2012.
 
The market opened up this morning here at 1325.50 just a little bit above this white line. I put the line in at 1325. We generally don’t trade the first 15 minutes of the day from 9:30 until 9:45. We do however; take one trade in the direction of a potential gap fill. And in this particular case we had our stop really tight and with 2 contracts took a stop out of minus 8 ticks. I don’t know if you can see that above there. Just go ahead and move it so you can see it. We took minus 8 ticks on that first trade.
 
Coming out of the no trade zone we had a lot of sideways chop. We generally don’t trade within 1 point of opening price. And you can see how this sideways chop. We then had a nice breakout. We looked like we may have a continuation. Pullback to our moving average. Try to get long. Took a full stop out of minus 16 ticks on this particular trade.
 
Price action continued to operate in a very erratic choppy manner. And again, we knew it was expected. Today is Friday afternoon. As well as we just had a long run, 35 point run yesterday. And it’s just like you’ll see intraday. If you’ll see a run, then after the run you’ll see a sideways consolidation or breather or taking a rest type of movement. And that’s exactly what we saw.
 
The break down to the selling pressure we saw here. Really didn’t go strong enough for us to get anxious to jump on a short trade. And we went right into the next no trade zone with no further trades from 11:30 until 1:15 Eastern Standard Time. Again, it’s kind of like watching paint dry, right.
 
We did have an opportunity right here at around a little after 2:30. An opportunity to get long on a market order. But I’m not going to count this because this does not follow according to our trading rules. What we did is our indicators we watched for an anchor chart and a trigger chart to be in the same direction and when they are it’s a market order long. And that’s, you know, a couple people may have got a hold of this or not.
 
The next trade that actually set up was nice and clean. It was an extended wave trade right here at about just a little after 3:00. Target 1, target 2 hit for a total of 6 ticks. So all in all we had a down day and that’s to be expected.
 
In the meantime, 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.

Daily Trading Video – June 20, 2012

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

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

TraderShark Trading Manual

Join the Shark Den!

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

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

 

Daily Trading Video June 19, 2012

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

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

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com

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

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Daily Trading Video June 18, 2012

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

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

TraderShark Trading Manual

Join the Shark Den!

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com
 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Monday, June 18th, 2012.
 
The market opened up this morning at 1330.25. We don’t trade the first 15 minutes of the day. Coming out of that 15 minute no trade zone we watched price action kind of chop around. We had a news report at about 10:00. Really kind of a non-moving. It was within consensus range. Market continued to work its way upwards.
 
We really didn’t have any opportunities to get in until right at around 10:30 or so, an opportunity to get long. A little premature. We didn’t quite wait for the pullback to the moving average. Took a stop out of minus 8 ticks and then we waited for a much better nice cleaner setup right here. Target 1 and target 2 hit for a total of 10 ticks.
 
Then going in we noticed price action filled the gaps. A lot of sideways movement. We had a gradual sell off here, but it was a lot of sideways movement to chop. Didn’t really see any further opportunities. With the strength to the upside and the news from Europe we really didn’t want to try to take any long positions. I think these were just stop runs to the downside. And then we went into the no trade zone from 11:30 until 1:15 Eastern Standard Time.
 
Coming out of the no trade zone there was a nice burst to the upside and we were really waiting for some nice clean opportunities if you were trying to scalp, this would have been a nice clean countertrend trade. And then we had a follow on perfect wave trade setup to the long side. Target 1 and target 2 were hit for a total of 10 ticks.
 
To learn more about these and more advanced trade setups, or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den in the morning.
 
Link to Video and Transcription
 
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Daily Trading Video June 15, 2012

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

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

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com

 
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, June 15th, 2012.
 
The market opened up this morning here at 1328.25 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day from 9:30 until 9:45. Coming out of the no trade zone we knew that today was going to be options expiration, futures expiration and options on futures expiration. That’s called triple witching. It’s also a Friday afternoon, so we weren’t really expecting much activity.
 
There was no trades here the first part of the morning until right here at about 10:30, which is also a reversal zone. Now we talked about this in the Shark Den, if you just took it from a, you know, black and white perspective, you may have gotten into this trade here. First target was hit, stopped out for minus 2 ticks. However, in the Shark Den we waited a little longer. My entry was right here on this particular timeframe at about 10:38. Had a long opportunity. Target 1 was hit and our target 2 was hit. And then we really didn’t know what was going to happen, just like we see in the past. You’ll see a run up and then a sideways consolidation. That’s exactly what we saw. Nice pullback to the moving average. And no further trades. So we only had one trade this morning.
 
Then we go into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone had a nice clean pullback. Another opportunity to get long. Target 1, a little bit of heat afterwards. Target 2 was hit for a total of 9 ticks. Some people probably held onto this trade for a little longer for a total of 11 ticks depending on whether they were shooting for this double top or not.
 
We then had a slow grind up into the close. Another pullback to our moving averages. This is another situation where if you did just a plain black and white trade you would have got your target 1 off. Got stopped out for minus 2 ticks. But if you kept your stop in line with the way we talked about it in the Shark Den, you had an opportunity to protect yourself and have price action just gradually work its way into our profit target of 10 ticks. So all in all it was a good day, but it was Friday afternoon. So not many trades in the afternoon. Total of 3 trades for the day.
 
To learn more about these and more advanced setups or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you and I’ll see you in the Shark Den on Monday morning.
 
Link to Video and Transcription
 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.

Daily Trading Video June 14, 2012

 

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

Daily Trading Video

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

TraderShark Trading Manual

For more advanced setups

Join the Shark Den!

Visit our website

TraderShark.com

To successful trading,

TraderShark

Info@TraderShark.com

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

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.