Learn to Day-Trade the Emini S&P Futures

Daily Trading Video July 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.

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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, July 17th, 2012.
The market opened up this morning here at 1353.5 represented by the white dashed line here. We generally don’t trade the first 15 minutes of the day from 9:30 until 9:45. However, just barely getting ready to come out of the no trade zone we did have two opportunities to get short. Nice clean wave trades to the downside for a total of 10 ticks, target 1 and target 2, and 9 ticks. Total of 19 ticks just there before 10:00.
And we don’t want to be in any trades before the news announcement. We did try to get one in here at around 9:56 or so and did not get filled. So the market moved down based on the news report a little bit. We had a bit of a nice quick opportunity here near the bottom to knock out another quick 7 ticks. And then as we crossed back above our moving averages we had an opportunity to get long. Target 1 was hit and we got stopped out for minus 2 ticks. Only to find out that the market was not happy.
I think Ben Bernanke was speaking this morning around 10:00 and he wasn’t really committing to any specific help. He said that they stand poised to help. With that the market didn’t get any certainty and they sold off pretty heavy. Got a good solid 10 ticks on this trade.
And then here we had a nice clean, notice yesterday’s low, right there around 1343, had a nice opportunity for an easy 6 ticks. Countertrend. And then if you ran into a Shark Attack you could have gotten anywhere from 8 to 16 ticks on this particular trade to the upside.
And that was pretty much it for the day. Went into a no trade zone from 11:30 until 1:15 Eastern Standard Time. And then notice this sideways chop. Really didn’t give us any clean opportunities. There were a couple wave signals, you know, to the downside that some of the other traders may have gotten into. I did not. 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.