Join us for the August 2013 – Festival of Traders
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, August 9th, 2013.
The market opened up this morning here at 1691 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45, except in a case of what’s called a pro-range reversal. I got in short here as a pro-range reversal and I got stopped out with 2 contracts at minus 5 ticks. And then just as I exited the 5 ticks we started to get a reversal. The pullback I thought was long enough for a push up into the next news report. And I got stopped out with 2 contracts at minus 4 ticks each. So I took 2 stops starting out on a Friday morning.
Market continued to work its way sideways. We had news come out at 10:00. It was outside of consensus range to the bearish side, to the downside. Market sold off, worked our way back towards the opening price. Lot of traders try to fade opening price. I think it’s very dangerous, very choppy to try to trade within one point of either side of opening price. So there was no further trades at this point.
Worked our way through. Kind of a slow grind. Volume was coming back in, but still, sideways motion, messing with our moving average. Couple of opportunities here to go short. I think I was probably, at that time I was probably trading either the Euro and watching it, so I missed these trades in the Shark Den. I don’t know if anybody else was able to pick those up or not. But then we did have a nice little pullback here for an opportunity to get short. In this particular case I popped on 3 contracts, one for 4 ticks, one for 9, another for 9.
Going into the next no trade zone from 11:30 to 1:15 Eastern Standard Time. This was a period of lower volume, and higher volatility I tend not to trade. And we had a push right back up to the opening price. Coming out of the no trade zone we had an opportunity to get long. Again, it was trading up into the open. Very dangerous. Very risky. I went for real short targets, 2 ticks and 4 ticks back up into the open and then I went flat.
For the rest of the day, pretty much we saw a little bit of a selloff here at 2:00 with a 5 point pullback. I was expecting us to have a run up into the highs of the day into the close. We need to see a pullback after this 2:00 timeframe in order for us to potentially push higher into the close. Other indicators were all running into what’s called a tangled net, so there’s no further traders for the rest of the day.
Hope everybody has an awesome weekend. Thank you for watching. To learn more about these and more advanced trade setups, please visit TraderShark.com. Thank you, have a great weekend and I’ll talk to you on Monday morning.
Link to Video and Transcription
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
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, August 8th.
The market opened up this morning here at 1695.25 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. Coming out of the no trade zone we had an opportunity for a pro-range reversal, got just a real quick 4 ticks on that. And then we had a nice clean pullback into our moving average for a continuation, a total of 7 ticks.
Now this next trade we had a nice clean pullback. An opportunity to get in short, got my first target off and then I cancelled my stops. I went to reenter my stops and I entered it as a market order and it closed me back out, so I only got 6 ticks on this trade, only with 2 contracts. When it was actually a nice, clean 10 to 14 tick trade by holding on to it. I didn’t want to chase a trade so I didn’t reenter the trade. We talked about it in the Shark Den. And you know, if we had a nice trailing stop this could have certainly carried it lower. Little bit disappointed we didn’t get the rest of that, but no worries.
We had a nice little pullback here for a continuation, another 9 ticks into the day. And then found our base here on a Shark band. As it retraced I was expecting anywhere from a 3 to 5 point pullback. I was looking for an opportunity to short, but the indicators just continue to hold it strong. Got as high up as a 5 point pullback and then we went into a no trade zone. So there’s no opportunities to short this market.
Once we got above our moving averages we were potentially considering a long, but it went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. And approximately 70% of the time we will see the no trade zone move higher. And that’s exactly what happened here. I wasn’t even at my desk to be able to take advantage of any of this. It’s a no trade zone.
Coming back at 1:15 little bit of a sideways motion. 2:00 we generally try not to be in any long positions at the highs of the day, and still minor pullback. Continuation sideways. If we do not get a deep enough pullback here between 2:00 and 2:30 then the likelihood is exactly as we saw, sideways motion into the close. If I had a good 5 point pullback then I would expect us to run higher into the close. Just did not get it. And ran into the sideways motion. Right here. Wrapped around opening price. Little bit of a selloff going into the close.
To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.
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
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, August 7, 2013.
The market opened up this morning here at 1687.25 represented by this white dotted line. Yesterday’s low was up here at 1688.75. We were watching that. After the open, we do have a no trade zone from 9:30 to 9:45. We did have a nice little pro-range reversal for a total of 4 ticks. And then just after we got of the no trade zone another pro-range reversal. I didn’t quite get into this one. That’s why it’s colored with the yellow arrow.
I thought we had a nice clean Fibonacci pullback here. As a result I actually got stopped out for minus 10 ticks. For us to follow through, broke through our opening range. A continuation lower. Had a nice opportunity to get short, but this just happened so fast, did not get in. And you don’t want to start chasing a trade. So waited for another pullback, right in through here. Target 1, target 2 hit for a total of 8 ticks.
And then you’ll notice, I mean, our volume, while it has improved a little bit since July, has really still been kind of sideways motion. Lighter volume. Little choppier markets. We got above our moving average. Opportunity to get long, target 1, target 2. I got 8 ticks on this, but according to the text book we would have only taken 7 ticks on this particular trade.
Then we went into a no trade zone from 11:30 to 1:15 Eastern Standard Time. And we found overhead resistance right at the opening price. Pushed up a little bit higher, up near the yesterday’s low. And while we thought this was a solid target, never quite touched it a second time. Sideways motion.
We then started to work, almost a type of head fake. We were expecting to get a couple targets up here around 90.75 and 92.75. Never reached them. Actually had a first target off and would’ve got stopped out for minus 2 ticks. But I do want you to see this. Right into the close, after the close, the targets were hit.
To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.
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
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.
TraderShark
Interpret how the S&P futures market movesTime plays a critical role in tradingTarget key support and resistance levelsLearn to think before you ‘click’Use common indicators… inexpensively!
Futures, options, and spot currency trading are inherently risky and may involve substantial loss of capital. You must be aware of these risks and be willing to accept them in order to invest in the futures and options markets. This website is intended for educational purposes only and does not constitute a solicitation to buy or sell any financial security. Past performance is not necessarily indicative of future results. For more information about the nature of this material, limitations on liability, and the risks involved in trading, it is understood that you have read and understand the disclaimer and risk disclosure on this website.
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
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.
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
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.