Learn to Day-Trade the Emini S&P Futures

Hook Patterns Rule – Webinar – Mar 3, 2015

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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 afternoon traders this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Tuesday, March 3rd, 2015.
The market opened up this morning here at 2109.5 represented by this white dotted line. We did not have any news reports today, so there was no catalyst to get this market to move. Had no real clear direction. The selling pressure was coming in from overnight. I think there was a 7 point Globex range.
Coming out of the no trade zone from 9:30 until 9:45, we had an opportunity to get long on a pro-range reversal for a total of 4 ticks. Shortly thereafter about 9:54 just before going into the first reversal zone, we had an opportunity to get short. Got the first target off and then forced ourselves out based on the indicators.
Then as we went on into the morning we had a nice opportunity for a pullback. We had a Fib trade that did not get us in and then we had a little bit deeper pullback right here at about 10:15 for a continuation higher. Total of 8 ticks on that trade.
We had kind of a minor megaphone pattern developing. And then I did not take this trade. Colored in yellow, means I did not take it. We’re going to go into a higher timeframe chart here in just a moment.
This is our higher timeframe chart. And what we have is these horizontal lines are called Shark bands. The yellow line is our opening range. Once we got out of our opening range we had an opportunity for a hook pattern right here at 10:26 for a total of 18 ticks. I want you to notice the consolidation going on in the Shark bands. We said we were not going to be trading in here. However, we had a very strong wave trade setting up here and followed by a close below our trendline for a continuation lower.
I want you to see as we spread this out, you see this intended target area, it eventually got reached about an hour and a half later. In the meantime, we forced ourselves out early. Another opportunity for a hook pattern. Four, two and eleven ticks on the second hook pattern for a continuation lower. T1, T2 and T 3 were hit.
I would also like you to know about a free webinar we have coming up here on Thursday, March 5th, and then the free trial is on Friday, March 6th. How do you get there? Go to TraderShark.com. Go to your Home tab. Pull it down – Next Live Webinar. Click on Next Live Webinar. It will tell you right there, 5 Keys to Market Timing, March 5th 4:30. Register there. Scroll down a little bit further. Get a free trial on March 6th.
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. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
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.