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 and the Euro futures. We also have a crude Shark Den.
The market opened up this morning here at around 1803.25. If you don’t see it, it’s right here below the blue band. And generally we get down by over 10 points this morning. And when we see a gap by that many points generally we will look for a continuation in the direction. However, the price action did not give us any hint of continuing lower. We had two bearish reports and the market continued higher. And so we always talk about trade what you see and not what you believe. In this case our indicators as well as our market internals were continuing higher.
First trade, easily 19 ticks. Second trade anywhere from 12 to 36 ticks. That’s the difference between using 2 contracts and 3 contracts. Once you get beyond two separate hook patterns, 2 contracts and 2 contracts. All in all it was a great day. And we had some final targets up here around 1827. I did not hold on that long. I actually exited down here on the 1823.25 level.
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