Learn to Day-Trade the Emini S&P Futures

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!


To successful trading,


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.