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Trading Video – April 3, 2013

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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 Wednesday, April 3rd, 2013.
 
The market opened up this morning here at 1565 represented by the white dotted line. We immediately had a pro-range reversal here. I did not take it. The yellow arrows are trades that I did not take. I did jump into a pro-range reversal here. It is a counter-trend trade. So it’s very dangerous. Watch the market internals. And I forced myself out at minus 1 tick. I just realized that hey, going long in this type of environment was a mistake. Then quickly got on at a selling opportunity. Got our first target off and then got stopped out for minus 2 ticks here before I moved to the downside.
 
I had another opportunity to get in short here. Notice we had an auto wave short. Forced myself out for minus 4 ticks on that trade. Following through, I mean the pressure was still indicating, everything inside was telling us the market was going to selloff, but the indicators were, it was so choppy kind of coming, backing and filling, right? So tried to get into our position. Got our first target off. Got stopped out.
 
And then this was definitely a mistake. I knew it was a mistake when I entered the trade, so I quickly forced myself out. So far started out with a bad morning and tried to make it a little better here in the afternoon. Had a nice setup to get short in through here. Did not take this trade. Next pullback. Had an opportunity to get short and then only took 6 ticks on it for a continuation to the downside. And then you can see each one of these auto waves continue to fire off more rapidly in succession to the downside.
 
Waiting for a pullback and then by that time we got into the no trade zone. From 11:30 to 1:15 Eastern Standard Time I don’t trade during that timeframe. Coming out of 1:15 had another opportunity to get short. If you had a runner, I mean, conservatively 6 ticks, but it really could have run 8 to 10 ticks on this particular trade because we were trading against the clock at that time and I just wanted to make sure that we had our profit targets locked in. And then right there, just before 2:00, continuation was to the downside.
 
As price action came back and worked its way through the moving average, an opportunity to get long. And again, it was counter-trend because we had not broken our previous significant level. Counter-trend got a total of 6 ticks off to a long side. Nice little pullback. Again, auto wave fired off. Auto wave would have taken a reduce risk stop out, but did not jump on that one.
 
Came back through the moving averages, another opportunity to get short. Auto wave fired off short. Okay, I was not trading from 2:30 to 3:30, that’s why I missed these trades. And then, you know, we don’t ever try to call bottom. But once we get a little bit of a move and a pullback, another opportunity to get in and take 6 ticks into the close. Just barely profitable for the end of the day.
 
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.

Low Volume – Trading Video – April 1, 2013

Daily Trading Video

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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. Happy April Fool’s Day. Today is April 1st, 2013.
 
The market opened up at 1561.50 represented by the white dotted line. The European banks were closed today and we had lower volume. Much lower than expected. I did not expect much price movement.
 
We have a no trade zone from 9:30 to 9:45. Coming out of the no trade zone we did have an auto wave short. Did not get in on that one. However, tried to follow through with a second auto wave short, and took a minus 2 ticks on this particular trade. And then we did have a retracement all the way up to the moving average for a continuation to the downside for a total of 11 ticks.
 
The selloff continued based on the news report there at around 10:00. And we always wait for a pullback. However, waiting for a pullback we missed a little bit of a run here. Nice pullback here for a total of 8 ticks to the downside. Then we ran right into the support level of Thursday’s low. Remember the market was closed on Friday. So follow that down for a total of 8 ticks. Nice little retracement. Thought we had a continuation and then just the, got kind of spooked out. Took a minus 1 tick and then of course it followed through in the direction that we were expecting.
 
Had a nice setup long into the no trade zone, but I did not take it. Notice I drew these arrows, I manually draw. The red dots are automatically plotted. The no trade zone lasts from 11:30 to 1:15 Eastern Standard Time. Look how narrow this no trade zone was.
 
Coming out, had a lot of sideways movement. Broke below our moving averages. Nice pullback. And we actually tried from the 1553.25 level, put a buy order in because it was break of the previous low and sat through a little bit of a shake out here. This took a lot of courage just to hold on to this one. And then it found its way through.
 
We had another Shark Attack trade follow through all the way up to 1556.5. And we were done for the day. So this is a no trade zone here at 3:50. We don’t enter any new trades, but if we’re already in a trade at that point, you stay in the trade until you either hit your profit target or you get stopped 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 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.

Yellow Arrows – Trading Video – March 27, 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 Wednesday, March 27th, 2013.
 
The market opened up this morning at 1548.50 represented by this white dotted line. This white dotted line is off by a tick. We generally don’t trade the first 15 minutes of the day. Notice we had these auto waves firing off long. And we had the news of the banks opening tomorrow in Europe. And so with that there’s kind of a bearish tone or a bearish bias. We had a news report at 10:00, no trades in the first part of the morning. We had a neutral report that came out at 10:00 for a news report. That was pending home sales.
 
And then our first opportunity to get long was right here at about 10:30, and I did not take it. You’ll notice it’s colored in yellow. I did not take it because it was going right into what we call a Shark line. The Shark line is a strong resistance level, as well as yesterday’s close. With that I want to at least, for those people that were viewing from the Shark Den, anybody that did take this trade, going long up into a Shark band, into a Shark line, the trade itself did materialize for a total of 10 ticks. Now I personally did not get in until right here or a little bit later at 10:45, and I got my first target off, and then I didn’t like the price action. I had a market internal that kind of told me to get out. So I took 2 ticks and 2 ticks.
 
We then had another setup to the downside, I did not take it. Again, you’ll notice a lot of yellows. We had three setups today. We had our auto wave short and I did not take this. I prefer not to go counter-trend. It would have been a total of 6 ticks if we took that. And right here we had another trade just before going into the no trade zone, anywhere from zero to 10 ticks.
 
We have a rule that before going into the no trade zone, if you haven’t hit your first target then you flatten out of your trade. But in this particular case I wanted to see what would have happened depending on whether you took the trade or not. It setup. It was clean. It was apparent in the room. It continued higher for target 1 and target 2.
 
11:30 to 1:15 is a no trade zone, just tends to be a period of time with higher volatility. Coming out of the no trade zone there was another opportunity to get long. Again, going into some Shark bands and we had a lot of congestion overhead. I chose to stay out of the trade. And there’s a great quote by Norman Hallett, “I’d rather be out of a trade wishing I were in, than in a trade wishing I were out.” So in this particular case I had an opportunity to get 8 ticks to the long side. Did not take that trade. And I didn’t take any further trades for the rest of the day. So it was a long day of patience, and let’s hope tomorrow we get a little more 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. Have a great evening and I’ll see you 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.

3 for the price of 1 – Trading Video – March 25, 2013

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, March 25th, 2013.
 
The market opened up this morning here at 1556 represented by this white dotted line. The lower white dotted line. We don’t trade from 9:30 to 9:45. Coming out of the no trade zone I had an opportunity to get long, did not get filled. NF is for no fill.
 
Just behind there we had an opportunity to get long. Target 1 was hit, it stopped me out right at break even. Once the target 2 is hit, stop goes to break even, got stopped out, so I only took profit of 2 ticks. If anybody did actually get filled because it hit profit target 2, you would have got a total of 7 ticks. So notice I got a green arrow and a yellow arrow. These arrows are mainly input. So I did that for the video purposes.
 
Then we crossed through our moving average, at what, at about 10:30 or so. Had an opportunity to get short. Had another opportunity to get short. On the second opportunity did not get filled. Continued in the direction of the trend for a total of 10 ticks. Nice little pullback. Another setup. First target got taken out. Second target. Total of 8 ticks. And we weren’t sure if the downside move was over or not, we were watching the market internal indicators. Had a nice little retracement to the natural number of 1550.
 
We had signals to be going long, did not take them. That’s why I printed it in yellow. We had an opportunity to get short right directly behind it. A total of 10 ticks to the downside for a continuation. Working its way towards Friday’s low of 1543. And then we went into a no trade zone.
 
No trade zone runs from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone, you don’t see this happen very often. We had three different trade setups all at one time. We had a Shark Attack trade setup. We had an auto wave. We had a Fibonacci trade. And as they pulled back, if you didn’t get in here, you got a second opportunity to get in. And on this particular trade depending on how many contracts you traded, I traded 3 contracts on this particular case, got 24 ticks if you traded 2 contracts. Got a total of 51 ticks ii you traded a total of 3 contracts. And it actually went up and hit the third target, which was about, what, another 3 ticks higher.
 
At 2:00, we generally don’t want to be in any type of long-term positions, so we are looking for short positions. We had an auto wave fire off short to the downside. Got off the first target, got stopped out. And you didn’t get stopped out until this second pullback here. So if you took both of them, you were taking minus 2 ticks on both. If you only took 1 you only took a loss of 1 tick.
 
Coming through the moving average an opportunity to get short, did not get on this. I generally don’t trade from 2:30 to 3:30 in the afternoon. I mean I will, but I generally don’t. At this point I had already hit my profit targets for the day, but then there was one last attempt here on an extended wave trade long, after coming off the lows of the day. Almost kind of duplicated a Shark Attack trade. Target 1 and target 2 were hit, but I took 2 contracts up to only the first target, which in this case was 1545.
 
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.

Fry-Day Trading Video – March 22, 2013

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 Trader Shark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, March 22nd, 2013.
 
The market opened up this morning here at around 1544. I want you to notice we have an opening range. A break out of opening range, but when we started this morning right about 9:30 we said look at how tight these Shark Bands are, just barely above the opening range. And it’s also Friday, Fry Day. This is a higher timeframe chart. I just wanted to give you to get an idea of how price action kind of chopped between these two Shark bands.
 
Okay, so here we are on a lower timeframe chart. I want you to notice the opening price, 1544 represented by this white dashed line. We generally don’t trade in the opening 15 minutes of the day. We did have an opportunity to get a trade off here right out of the no trade zone to the downside for a total of 6 ticks. And then there was a nice setup I missed it, but still we don’t trade within 1 point of opening price, so there’s a good reason for us not to take this particular trade, but it did nonetheless have an auto wave fire off long here. Right there at about, just a little bit after 10:00 we did have a nice opportunity to get long. Target 1 and target 2 were hit for a total of 7 ticks.
 
And then, you know, you generally don’t take a third wave trade long, and I did on this one. Got my first target out and got stopped out for minus 2 ticks. Once we came back through our moving average, nice auto wave short. I did not take this particular trade. Again, this is a counter-trend. However we turn right around and continue, remember the longer timeframe chart, we were chopping between the two Shark bands. Had an opportunity to fire off 1, 2, 3 times for this long wave to fire off. You can see how we had consistency here.
 
And then we go into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Notice the sideways movement. Our directional indicator was indicating sideways chop so we weren’t getting into any trades. Even coming out of the no trade zone the first chance we had, generally at around 2:00 we don’t want to be taking any long positions. Right here at about 1:55 Eastern Standard Time, had an opportunity to get in short, just, again, it’s a counter-trend trade, but in this particular case we had all of our indicators in our favor. Target 1 and target 2 hit for a total of 6 ticks. Shorter profit targets when you’re doing a counter-trend trade if you are willing to take that type of risk.
 
And then all the way into the close, by this time most people had gone for the day, the people that stayed with me, what we did is I drew these lines here at about 3:40 in the afternoon, 20 minutes before the close. And I said, we’ve got a potential target here of 51 and 1553, and in the room, you know, they said, no way, it’s just too far away. I bought 2 contracts in here. Took a lot of heat. Came right down within 1 tick of our stop, and then what happened? Right there at 3:57, 3 minutes before the close, the market just rocketed up hit my first profit target right here, second profit target. If you held on for a third contract, 53. And then on the future’s market, future’s doesn’t close until 4:15 Eastern Standard Time, and look at what happened even after 4:15, the market pushed its way up into the 1553 level. Absolutely amazing. So those people that were able to jump on with me had a good close into the Friday afternoon.
 
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.
 
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.

Shark Bands – Trading Video – March 21, 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 Thursday, March 21, 2013.
 
The market opened up this morning at around 1543.75 represented by this white dotted line. I just want to give you a little indication as to how these Shark bands work in the Shark Den. I want you to notice the red bands on the top are potential selling areas. Blue band is right around the center. The green bands on the bottom are more buying areas. Even through when the market opened up here about 9:30 we saw, our indicators were telling us a lot of them continued to the downside and we had a Shark band here, we were actually looking for a potential buy opportunity.
 
Traced them back up to another Shark band, continuation. This really was an opening range in through here, and we didn’t find many opportunities to trade. Break out to the downside, there was a actual hook pattern that established. Took a little bit of heat, continuation. Target 1 and Target 2. Target 3 did not materialize. We would have got stopped out on the third contract. You can see here we had an inverted head and shoulders. Did not materialize. Didn’t break the neckline or close above the neckline to continue. As a result, a continued selloff 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.
 
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.

What not to do – Trading Video – March 20, 2013

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 Wednesday, March 20th, 2013. It’s also the FOMC meeting announcement today at 2:00.
 
This is just a quick snapshot of the entire day. And we have an opening range here. And I want you to notice that as price action remained within opening range; it really didn’t give us any opportunities to take any nice trades. And I’m going to show you what not to do in our next section.
 
After seeing how the narrow range worked out on our higher timeframe chart, let’s go ahead and look at a shorter timeframe chart. The market opened up here at 1551.25. You can see that represented by the white dotted line. We had a pro-range reversal, didn’t quite make the low here and came back in through right here at around what, 1549.25.
 
Our first opportunity is, I mean we still try to trade within the opening range and also near opening price, which we have a few rules that we do not trade usually within 1 point of opening price. Went for it. Got our first target off. Got stopped out for minus 2 ticks. Then shortly thereafter got a nice opportunity to do an auto wave short. I did not jump on this just because we were moving our way into a Shark band, which you saw on a previous screen. And then when you get stopped out on a specific trade you quickly setup to be able to go in the opposite direction. I did not do that either. And then when we had a nice little pullback, I went for a short position right here. We had two separate auto waves. The first one fired off, it was successful. The second one fired off, I got on it and I didn’t even get off my first target and I got a full stop out of minus 16 ticks.
 
Shortly thereafter, again, when you get stopped out you try to quickly setup for a reversal signal. There’s your auto wave long and that was a successful trade. So again, they’re colored in yellow and I did not take them.
 
Going on for the rest of the day, so for the most part on FOMC day you will see a breakout. We did not get that today. We had a lot of sideways movement, sideways chop. Going into a no trade zone from 11:30 to 1:15 Eastern Standard Time. We then had the FOMC announcement. Had an initial break long. Retracement and continuation. Did we really have any opportunities to trade within here? Generally sit aside for a couple of minutes just to kind of let the dust settle.
 
And there was an opportunity to get long right here at this auto wave. And then once price action got above the moving averages another opportunity to get long. This is a nice clean trade. Ten ticks on this particular trade. And then we had a pullback to our moving average price. Through the moving average. And this, we did have an opportunity to get long from another auto wave right here just before 3:30 in the afternoon for another 10 ticks going into the close.
 
To learn more about these and more advanced trade setups or to get a copy of your 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.

Cyprus Rumour – Trading Video – March 18, 2013

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 is Monday, March 18th, 2013.
 
The market opened up this morning here at 1538.25 represented by this white dotted line. We had some overhanging news about Cyprus, again, it was rumor. There was no specific news at that point that they were going to levy some type of tax on the deposits for some of the European banks. And with that there was an overall kind of bearish bias. You could almost feel it. We felt it in the room. We were ready to be shorting this market any opportunity we had.
 
And so with that in mind counter-intuitive thought process would be for the market to go higher. Right? If everybody sees this as going lower, the market’s going to go higher. But what we’re going to do we had a news report out at 10:00 that determined that if you don’t see the market move in the direction of the news in the morning, then you will tend to see it selloff in the afternoon. So let’s go ahead and keep that in the back of our mind.
 
When we first started out we had what’s called a pro-range reversal. Had an opportunity to get short in through here. Generally try to go for 8 ticks, only got down to a 4 tick level. Came back up, stopped us out at minus 4 ticks. So, and that’s just with 1 contract and that’s kind of a scalp trade.
 
Continuing on we had a nice little pullback to our moving average. And had two separate opportunities to get long. One opportunity, if you didn’t get in there, that’s okay. If you got in the second one, that’s fine. If you tried twice and you added on your positions you would have went anywhere from plus 11 to plus possible 22 ticks.
 
Market pulled back a little bit. An opportunity to get long. Got the first target off. Got stopped out right to a tick, so it took a loss of 2 ticks just to sit back and watch the market continue on in our favor. We then had another opportunity to get long in through here. Market internal indicators got us out early and got plus 2 ticks.
 
And then this was a mistake, but I also want to show it to you is, had an opportunity, got below our moving averages. Had an opportunity to get short and then quickly noticed that one of our market internal indicators was completely against us or in the neutral position, so I literally just forced myself out. I tried to get out where I entered; could not. Pulled it in by 1 tick and took a loss of 1 tick. Actually, my mistake, that should be a loss of 2 ticks. Two contracts at minus 2.
 
Then we go into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time. We do not trade just due to the higher volatility, the lower volume. But we did have a run up. It kind of modeled a type of Shark Attack trade, but I don’t trade during the no trade zones. And even in this particular case I was not in. So we watched the market take off without us.
 
Coming out of the no trade zone we had a little bit of a selloff. Pullback, continuation to the downside. Got 7 ticks on this 1 trade. Again, this is an area where we had an auto wave fire off, got a total of 7 ticks on that. And if you didn’t get into the auto wave or were too slow, then you had an opportunity to get right in behind that. And if you got your second trade off, you would have got your first contract and got stopped out on your second contract.
 
Price action continued to push higher, little pullback. Target 1 hit, stopped out for minus 2 ticks. Going into the close, once we got below our moving average we pretty much knew that this was the selloff we were expecting from the bad news report this morning. Had an opportunity to get in. When you do counter-trend trades you go for a little bit shorter targets. Got a total of 6 ticks. And then we had a another setup, notice both of our wave trades kicked off and I did not take this second trade, but you could have got anywhere from 6 to 10 ticks to the downside. And then going into the close another auto wave short. Target 1 was hit. Would have got stopped out for minus 2 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. 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.

More Patience – Trading Video – March 15, 2013

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 is Friday, March 15th, 2013.
 
The market opened up this morning here at 1554.5. It was right underneath this Shark band. We had an overnight selloff from the highs. Nice little pullback. Consumer sentiment report came out. It was worse than expected. We had a nice little selloff. Did not get into this. There wasn’t any pullbacks.
 
Here it looked like we started to have a pullback. Got an opportunity to get in short and then quickly, you’ll notice that our momentum indicator was against us. Stopped out quickly minus 2 ticks and turned right around. When you get stopped out in one direction you want to turn right around and look for a setup. It did take a little while for it to develop. Remember today was quadruple witching. And with that virtually the volatility is, can shake you around quite a bit.
 
An opportunity to get long in through here. We had a Shark Attack trade. We had a wave trade. A lot of different, trendline wave trades, a lot of different things were firing off here along. Trying to go into this opening price area, so it did take a little more confidence in order to take this trade because we generally don’t trade around the opening price and this yielded 32 ticks.
 
Once we got up into the highs of the day we were expecting us to push, I think we had a target there of 1553.75 and 1555.75, which worked right out nicely. Also, up to the gap fill. Expected a slight push up to the 57 level. Did not make it. Right about 2:00, we did not want to be in any long positions. Had a nice entry for a short position. Quick 10 ticks there. And then another couple opportunities on the way down if you wanted to scalp it in at that point.
 
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
 
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