Learn to Day-Trade the Emini S&P Futures

Flat to SOH – Trading Video – May 30, 2014

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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,
Good evening traders, this is Brian with TraderShark.com an educational website to learn how to trade the e-mini S&P futures. Today is Friday May 30th 2014. How do you trade in a flat market and make any money?
The basic answer to that would be to sit on your hands and recognize it early in the morning. I’m going to show you something. We talked about a picture is worth a thousand words, you know I don’t see a whole lot of profit in this picture. Now, I want you to notice that from 9:30-11:30 EST and there was one nice little burst that went right through a short band, and I don’t usually enter any trades in a Shark Band. You can see a little hook pattern in here: no set up, no setup, no setup, and now drop back through a Shark Band. Work our way back up and through a little support here. This is really the only good trade of the day right there at about 3:35EST and we call it a hook pattern. First target is four ticks, second target is 50%, and third target is 100%. Now I only traded two contracts just mostly based on the opening Globex range. Let’s look at a lower timeframe chart. What we see here is that on a lower timeframe chart, this is where more of your conservative traders are going to be trading. The higher timeframe chart is more of an aggressive trader with a little bit larger brokerage account. An opportunity to place a position, no fill, place another position no fill. I was pretty much done with my morning session there 9:30 in the morning any type of retracement or continuation we were right within our opening range. Didn’t see much going on but what we did see is that we had a really narrow Globex range and with that I recommended on a Friday afternoon probably take the rest of the day off. I did attempt to take a trade here, I took a total of six tick loss. I forced myself out only to see it continue on into the lunchtime trading zone. We have to have a plan where we have our targets: we have our stops, to make it a better plan we want to have a reason to exit. We want to have a reason to exit early for your profits, we want to have a reason to exit early for your stops, and that’s just good money management. Going into lunchtime trading zone you can see the flat sideways motion. And then there was a little burst but this was a short band if you remember the higher time frame chart and an opportunity to get in at a plus two minus two on this trade and I was done for the close of the day. So all in all basically we had plus eight and minus six, a total close of plus two for the entire day. While that’s not really appealing, it is safe within our risk management strategy. To learn more about these and more advanced trade set-ups or to get a copy of the TraderShark trading manuals please visit tradershark.com have a great weekend everyone.

The information herein has been prepared solely for general information and educational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell the securities or financial products mentioned in the content, nor a recommendation to participate in any particular trading strategy. Please consult your broker for trading advice. All trading requires risking money in pursuit of future gain. Do not risk money you cannot afford to lose. Past performance is no guarantee of future performance. The instructor is not a broker or a licensed investment adviser and is therefore not licensed to give trading advice of any sort, nor make specific trading recommendations.