Learn to Day-Trade the Emini S&P Futures
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Daily Trading Video – Aug 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

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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, August 20th, 2012.
 
The market opened up this morning here at 1413.25 represented by this white dotted line. You’ll notice that price action really continued to stay within our opening price range. We tend not to trade until we get a little bit of a break out of that range to the downside. We did have an opportunity here. With a narrow Globex range of only 6 points I figured we didn’t have much more range to the downside. A lot of uncertainty. A lot more of the same that we’ve seen over the last couple weeks of low volume and low range. So in the meantime we had an opportunity to get short. Just took a total of 5 ticks on this trade with 2 contracts.
 
Bottomed out here a little bit. Didn’t really see any further action to the downside. Kind of a risky trade working our way in towards the opening range. Took 6 ticks on that. And then got kind of scared out of this trade with some of the market internals got us out. We entered the trade. Got in. Filled. And then took no profits, so we lost too on the commission there.
 
Went into the no trade zone from 11:30 until 1:15 Eastern Standard Time. And then you see we worked our way back into the opening range. Had a little bit of a breakout to the upside. Thought we may have some follow through. Then you’ll notice that we did kind of, well, on a higher timeframe chart we had an inverted head and shoulders. We knew we were going to have a target up here around 1416. So we had one final shot. Just a total of 4 ticks with 1 contract here into the end. So, again we had a total range of 6.75. Kind of modeling the Globex range. And that’s it for the day.
 
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manuals, please visit TraderShark.com. Thank you 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 – Aug 17, 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 and the Euro. Today is Friday, August 17th, 2012.
 
It was options expiration day. Of any day for people to go and spend time with families or to go golfing, this is the day to do it. So just keep that in mind in the future. And we’ve seen this as a consistent pattern.
 
Price action opened up at 1416. Okay, so 1416 is the area that price action opened up and stayed within our opening range all morning. And it pretty much speaks for itself. We didn’t do any trades. We have a no trade zone we went through and no trades. We had no trades on the ES.
 
So what I thought I’d do, is I’d show you what we do on the Euro. We open up the Euro trading room about 8:30 in the morning Eastern Standard Time. So for a little change in trading, you’ll notice the colors are a little bit different. This will just distinguish the difference between trading the Euro and trading the ES. We are looking at opening the room around 7:30 in the morning now.
 
Here we had an opportunity to get short, but, you know, we were in an hourly range low band. And this is in hindsight, hindsight’s always 20/20, right? This was a bad trade. So we tried to go short right into an hourly range low. Got stopped out for a full 16 ticks. That can be anywhere from minus 16 to minus 20 ticks on this particular trade. And you can’t carry that with you if it happens the first trade in the morning. Get right back on.
 
We had a nice trade to go long. Target 1 and target 2 hit for a total of 11 ticks. Follow through. Pullback through the moving averages. Continuation to the downside. Plus 11 ticks to the downside. We really left a little bit on the table there. The internal indicators were indicating to hold on for a short position. And you could have really yielded a whole lot more than 11. 11 is just very basic. And notice the selloff.
 
We did have another clean opportunity to get short here for a full 22 ticks until we bottomed out at around, what, $1.22.92. And we filled at 22 ticks on that trade.
 
And that was pretty much it. We stop trading the Euro at noon. And I just wanted to give you an idea. Just a little bit of a taste of what we do in the room.
 
Please feel free to join us if you have any questions. To learn more about these or 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.

 

Daily Trading Video – Aug 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.

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, August 16th, 2012.
 
The market opened up this morning here at 1405 represented by this white dotted line. We then have an opening range mostly when price action is within the opening range it does tend to be pretty choppy. We did have a nice little pullback for an opportunity to get short here just before 10:00. Target 1 and target 2 were hit for a total of 8 ticks.
 
And then as price action worked its way towards opening price, we don’t like to trade in through here, just tends be unpredictable. And breaking out of the high low range, we had an opportunity to get long. And our stops got pretty tight here. Had another internal indicator that kind of told us to get our early. Took a loss of 4 ticks. A total of 2 ticks per each contract. Scaled out early and only to watch price action continue on in our favor.
 
We generally don’t trade during the no trade zone from 11:30 until 1:15 Eastern Standard Time. We have a period of low volume we’ve seen over these last two weeks. So we do tend to keep our stops relatively tight. And as a result there was a nice move up during this no trade zone, which by the way, about 70% of the time will tend to rise.
 
Coming out of the no trade zone, nice pullback to our moving average. This did not give us an opportunity to get in long, but then our second pullback here gave us a nice clean entry. Target 1, target 2 hit for a total of 10 ticks. And that was pretty much it for 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 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 – Aug 14, 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 Tuesday, August 14th, 2012.
 
We don’t generally trade the no trade zone, which is from 8:30 in the morning until about 9:45. However, this morning we had some news reports at 8:30. They were both positive. And so we watched the market take off. We don’t generally trade the news report itself. We trade the reaction to the news. So a nice pullback.
 
We had an opportunity to get long on a potential Fibonacci trade. And in this particular case, hindsight is always 20/20, in this case we were way too early and got tagged for minus 10 tick loss. Two contracts at 5 ticks each.
 
The pullback here, if you look down at your momentum indicator there really was a nice clean opportunity a little bit later and even that would have met with a first target hit and would have had a reduced risk stop out. So we don’t generally trade the no trade zone in this particular case we traded the news report for a pullback and we took a loss for 10 ticks.
 
So from 9:30 the market opened up at 1406.75 represented by this white dotted line. So it opened up around 9:30. We generally don’t trade from 9:30 until 9:45 unless we get a setup in the direction of the gap fill, which is down below us at around what, 1402.5.
 
And we had an opportunity to get short right in through here. Pullback. A breakout. Pullback to our moving average. Thought we had an opportunity to get short. Got stopped out for minus 10 ticks on this trade. Even if you got your target 1 off you would have what, lost about 2 ticks on this particular trade. And it would not have taken a full stop out. So as a result, it would have eventually hit the profit target. But I had another indicator in the room that kind of pushed me out early and as a result I’m going to take minus 10 ticks on that trade. However, if you had stayed in with the actual setup, we had an 8 tick stop on this particular trade. It came all the way up to minus 7 ticks. So this in effect, according to the textbook, would have yielded a positive 10 ticks.
 
And for the rest of the morning the market just continued to go sideways. We really didn’t have any clean setups right into the no trade zone from 11:30 until 1:15 Eastern Standard Time you see even there we had a nice little drop. Confirmation with the momentum indicator.
 
And again, no further activity, just a lot of chop. Low volume. Minimal activity. We did have one clean opportunity right here at around 3:30 in the afternoon. Target 1 and target 2 were hit for a total of 10 ticks. And it did continue lower on into our final no trade zone at 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. Hope the volume picks up and we’ll see you in the Shark Den in the 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.

Daily Trading Video – Aug 13, 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 Monday, August 13th, 2012.
 
The market opened up this morning here at 1399.5 represented by this white dotted line. We generally don’t trade from 9:30 until 9:45. It’s just a period of higher volatility and lower volume. Lower volume we have seen for the last week or so. Today was the lowest that we have experienced, I think it was since December. And notice as price action stays close to the opening price we tend not to trade. Just a choppy timeframe.
 
Breaking down below the moving average we had a nice little pullback. Now I did not get in on this trade but the setup was very nice. You see the pullback on our momentum indicator and if you held on to it long enough you really could have gotten your full target down here around, what was it, 1395 or so, for a total of 10 ticks.
 
Now the trade I did take, I had an opportunity to get in a little bit later. You’ll notice we had our wave trade indicator kick off here. I got my first target, but my second target I kind of held on trying to get into the full profit of about 8 ticks and I did not get it. Came back. Stopped me out just before going into the no trade zone. I got a loss for minus 2 ticks.
 
Going into the no trade zone from 11:30 until 1:15 Eastern Standard Time. It was just a period of lower volume. Again, even lower than normal. And you’ll notice there was a lot of sideways action. Coming out of the no trade zone we still had what appeared to be as a bearish pressure to the downside. Had a nice opportunity to get in short here and actually I was a little premature. We didn’t get a full pullback into the extended area. Little premature. I paid for it. I took a full stop out with 2 contracts. Total of minus 16 ticks on this particular trade.
 
And then the market took off back up towards the opening price. No bounce there. Broke through. Came back. Found support on opening price. And then we pulled back towards the moving average for a continuation into the no trade zone. Into the end of the day.
 
There was a nice final clean wave trade setup. It was in a no trade zone. We don’t trade in a no trade zone. So I just wanted to show you so when you go back and review your charts tonight, you can see where there was a nice clean entry. I did not take this trade either. So we ended up down for 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.

Trade Entry Question – for Aug 10th

TraderShark,

For my education I just watched the last daily video and you are showing a trade at 11:25 on Fridays video for 16 ticks but

1. I don’t understand what the entry is?
2. How could you go long when entry is under the Moving Avgs and in a tangled net area
3. From where the entry is, there is only an 11 tick move up so thats a max of 13 (assuming you bought the low of the bar shown and sold out at the high of the no trade zone and sat through a pull back to your entry) ?

Look forward to your reply
Regards
Simon

———————-

Hi Simon,

Thank you for the great question. I welcome the critique. It only helps both of us get stronger and help improve explanations. You will never offend me by asking questions and hopefully others will learn from this also.

I was talking everyone through this trade. We have black and white methods of trade setups, however, we also have to apply art form. In this case, we did not have a so called Black and White trade. I called the Green Dot out and said, we are below the MA’s, I’m going to wait.

We seldom take trades against the MA’s. However, never say never, as long as we have a compelling reason to go for it, we may have an opportunity to get into a good trade setup a little early.

“This morning gave us the tone of a market that was going to make a larger move by simply keeping the opening range low. We had a 3.5 pt opening range. Notice the breakout of the range and then the pullback. At the pullback, I was looking for a long entry. It took a couple hours, but it did eventually develop into a trade opportunity.”

Entry was after the Wave Trade setup, the green dot showed below the MA’s, so we waited. Then when the continuation of the bounce from the Shark Band confirmed, I was looking for an opportunity to jump on long. I waited for a continuation of the move just above to two primary MA’s. While the pullback to the MA’s was in a Tangled Net. The potential to go higher presented itself. Remember 70% of the time, moves in the lunchtime NTZ will move higher. The Tangled Net does not mean don’t trade, it simply means we tend to see a more choppy environment.

Did price actually get to overbought territory in order to consider a clear black and white long? No… but it was very close and was all the market was going to give us. There was no other way to explain this, except to step back to a bigger picture or time frame. This is exactly where I was saying aggressive traders will be considering this trade setup to get in long. This is also a bounce off the Shark Band I was waiting for all morning.

The profit on the move, was held into the NTZ. Remember, we do not enter new trades in the NTZ, but if we are already in a trade, then we want to hold that trade until we either hit our profit target, stop losses or trailing stops. In this case, we were expecting price to work it’s way to 1400. Entry on this trade was 1396.50. Exit was 1399.50 for 3 pts or 12 ticks. The first profit target was 4 ticks. (4+12=16) Final profit depends on how many contracts you trade with.

I hope that helps. Keep the great questions coming.

TraderShark

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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Daily Trading Video – Aug 10, 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, August 10th, 2012.
 
The market opened up here this morning at 1394.5. This is a representation of a higher timeframe chart showing the whole day. Opening range, as price action remains in the opening range, it does tend to be choppy. Once we got a nice clean breakout of our opening range, we had an opportunity to get long into a hook pattern. Or on the lower timeframe chart you’ll see we had a couple wave patterns set up.
 
And then as we went on just before the no trade zone another opportunity to get long. And if you enter a trade before getting into a no trade zone, you stay with the trade. We just don’t want to enter any new trades during the no trade zone.
 
And then outside of the no trade zone another opportunity to get long and ride this thing up to the 1400 level, which was the hourly range high and then also the Globex range high as well as the hook pattern completion target. We kept those two lines in there. We had a lot of lines up at around 1402.5 and that’s exactly where it stalled for the rest of the day.
 
Let’s go ahead and take a look at the shorter timeframe chart. Okay, so here we’re looking at a lower timeframe chart when the market opened from 9:30 until 9:45 we tend not to take any trades. And coming out of the no trade zone we had some relative chop hanging around opening price, 1394.5. And then a nice little breakout for a pullback to our moving average for about 11 ticks on this particular trade.
 
We then broke through, this is a very fast move. It came through after our moving average. And we knew that the pressure was to the upside. Had another opportunity to get long right in through here, about 11:25, just prior to going into the no trade zone. So I want you to keep in mind from 11:30 until 1:15 is a period of time that we generally do not trade. And if you did stay in this trade you can get up to 16 ticks, which was a nice clean trade for a sideways choppy market as we’ve seen over the last week and a half or so. They talk about the July and the August doldrums, which is exactly what we’re experiencing.
 
Coming out of the no trade zone, so if you were able to get 4 ticks or 8 ticks on scalp trades, you know, be grateful. Some of these trades set up so nicely. This one is a minimum. We had 3 contracts running on this one. 18 ticks to 21 ticks on this particular move. If you did not get in on this wave trade, another opportunity to get in on this second follow up wave trade, right here to get long. And if you had the fortitude to hold on, worked your way up to the 1400 level right here. Notice how it stalled. Nice clean pullback to get some of those short sellers coming in and then they ripped it up against them. Ran up to 1402.5, which is where they ended 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 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 – Aug 8, 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 Wednesday, August 8th, 2012.
 
The market opened up this morning at 1392.5 represented by this white dotted line. We generally don’t trade the first 15 minutes of the day from 9:30 until 9:45 unless we have a trade in the direction of the gap fill. In this particular case we talked about it. Some people were able to take it. But we did not have a trend established, so we were able to just scalp out about 6 ticks on this particular trade. The previous Globex range was narrow and we kind of had an idea that today may be a consolidating day. As a result we wanted to be very cautious and be very specific as to our trade plan setups.
 
We went on into the day with little or no movement until right here about 11:00. We had a nice break through the moving average. Pullback. And then there was actually one and two opportunities. We had our wave trade setup. You can see the green dot that came in right here. As well as another opportunity. If you missed that first, a second opportunity to get in long. So a minimum of anywhere from 10 to 20 or 22 ticks on that particular trade.
 
And it did work its way up higher. I know some traders held on to this all the way into the end of the day. However, going into the next no trade zone from 11:30 until 1:15 Eastern Standard Time. We don’t trade. It’s just a period of lower volume and higher volatility.
 
Coming out of the no trade zone I want you to notice, even though we had a little bit of a selloff from the moving average, we had relatively a flat market. We don’t generally take our wave trades when we’re below the moving average, so disregard that. And went into the close with no further trades. So we basically had two trades, if you caught the first one at 9:30 this morning and a second trade about 11:00, that was it.
 
I want to thank you for watching. To learn more about these and more advanced trade setups, 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 31, 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.
 
This morning the market opened up at 1379.25. It’s Tuesday, July 31st, 2012. We generally don’t trade from 9:30 until 9:45, just a period of higher volatility. And we want to allow the bulls or the bears to determine what direction they’re going to push the market.
 
In this particular case price action stayed relatively close to opening price for a good part of the morning. We had a couple news reports that came out better than expected to within consensus range. And so with that being said, we still saw a lot of sideways movement. No real opportunities to get into a good, solid trade.
 
We got a little bit anxious there towards 10:30. It did have a nice trade setup and we had an opportunity to get long. Target 1 was hit and got stopped out for minus 2 ticks. Not a big deal, but notice price action just kind of remained relatively flat. Within 1 point of opening price we tend not to take any trades. We had an opportunity to get a little bit of a break away from opening price. Target 1 was hit and got stopped out for minus 2 ticks before going into the no trade zone.
 
This is a no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone, again you’ll notice that we really didn’t have any clear setups. Price action worked its way right back up to the opening price until right there going into the close we had an opportunity to get short. Target 1 was hit. Got stopped out right to the tick before it continued on in the direction we thought right into our no trade zone.
 
If you’re in a trade prior to a no trade zone, you stay with it until either you get stopped out or you accomplish your profit targets. In this particular case, I think a lot of the sideways motion is just the indecisiveness and the waiting for tomorrow’s FOMC announcement as well as the ECB announcements on Thursday. So today the name of the game was patience.
 
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
 

Daily Trading Video – July 26, 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, July 26th, 2012.
 
This morning the market opened up at 1352.75 represented by this white dotted line. Notice we have an opening range. And as price action remained, this is the first 15 minutes of the day. You’ll notice that we do not trade during the first 15 minutes of the day.
 
And price action continued to remain within this opening range. We really did not have any trade setups. We had a nice clean hook pattern setup. Did not materialize. We had another hook pattern set up to the downside, which actually came very close to materializing for a final price target right down there around 1346. However, there was no trades.
 
So this morning before 11:30 there was no opportunities for us to get in. Let me change that, there was opportunities, but we didn’t want to take them because of the volatility that was going on. The Euro had moved up by $0.02 from $1.21 to $1.23 based on some of the comments by Draghi indicating the central banks were going to support the Euro in whatever way possible. With that the market spiked up and the U.S. markets went sideways.
 
That being said price action found its bottom right here during the no trade zone. You’ll notice the time, right here around 12:30. And coming out of the no trade zone, there were some opportunities during the no trade zone to take long opportunities. Did not take any of those trades until we came out of the no trade zone right here at about 20 after 1 to about 1:30 or so. We had an opportunity to go long right into the opening price.
 
And that was it for the day. So there was one trade. So we had two trades back to back, coming out of the no trade zone. Both were for 6 ticks each, so we ended the day for a total of two trades, a total of 6 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.