Learn to Day-Trade the Emini S&P Futures

Inverted Head and Shoulders – Trading Video – May 7, 2014

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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 Euro, Crude, and NASDAQ futures.  Today is Wednesday May 7th, 2014. I wanted to introduce you all very quickly to an exciting even that we have going on for tomorrow May 8th. There is a Trade-A-Thon in conjunction with Trading Pub and I to show you how to sign up for that at least through the video.  Go to the learning center, click on the Video Library.  From there you can see the link to the Trading Pub Trade-A-Thon or you can watch the video. You can scroll down to get a little more details about what you’re going to be seeing there. There are going to be eleven traders, I personally am going to be presenting at 9:30 at night Eastern Standard Time, and that’s good for the west coast people. East coast people don’t worry about that, if you register you’ll at least get copies of the recording. Look forward to seeing you all there.

So today the market opened up at 1868.75. There wasn’t much news about productivity and costs at about 8:30, but at 10:00 we had Janet Yellen speaking so let’s go and look how this kind of unwound. Opening price 1868.75, you can kind of see how price action wrapped around it in the opening first fifteen minutes of the day. I did try to get into a short position, got stopped out for minus two ticks, and then shortly thereafter I did have a nice valid short opportunity for a total of nine ticks to the downside. Now this is a higher time frame chart. I want you to notice the different colored SharkBands. Now, I was talking in the Shark Den, we generally don’t trade when the talking heads are speaking and the talking heads would be such as the President of the United States, or the Federal Chairman, in this case Janet Yellen was speaking at ten o’clock. During this time frame, I didn’t get any of this and I didn’t get any of the bounce off of the bottom but I did see this shoulder. You can see the shoulder and the head and then here’s the other shoulder. So a lot of traders may have tried to get in here but I want you to notice, it did not close above that trend line, and this is called the neck line. From the tip of the inverted head and shoulders to the neckline is the projected target. When we do finally get a breakout, which the breakout was right here, which you can see did not reach it in the interim which was during the lunchtime trading zone. But I do want you to see an opportunity that we had to get in in the Shark Den, was right down here at about 11:37, that was in the lunchtime trading zone but in that case conservatively a total of seven ticks, aggressively a total of 31 ticks. I did not tell anybody in the room that I had a third contract on there, I do apologize for that. But we did run that up for a total of 24 ticks on the third contract. See this sideways motion, this was a lot of choppiness that we saw, that is what the people were saying even in the Shark Den. Going off to the right, we had one final trade right here we did have one final hook pattern into the close. I only snagged ten ticks out of it, but it did run nice and heavily. To learn about these and more advanced trade setups, or to get a copy of the Trader Shark Trading Manuals please visit TraderShark.com. Thank you, have a great evening and I will see you in the Shark Den in the morning.

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.