Learn to Day-Trade the Emini S&P Futures

Late Morning Trades – Handley – Trading Video – Mar 5, 2015

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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 emini S&P futures. Today is Wednesday, March 25th, 2015.
The market opened up this morning here at 2086.25 represented by this white dotted line. I tried for a pro-range reversal this morning and I got tagged for minus 4 ticks. I had another opportunity for a pullback for a continuation and I did not get filled.
I generally don’t trade in this opening range from 9:30 until 9:45, but there are a couple specific setups that I will take. As the market moved on, I had an opportunity to get my first target off; got stopped out for minus 2 ticks. And then as we worked our way into the morning back above yesterday’s low, got a nice little trade for 8 ticks. And then we had a little retracement pulling back. You can’t see the Shark bands or the opening range in this particular screen.
Had another opportunity to get in. The yellow arrow means I did not take this trade. Another opportunity, got a total of 7 ticks. And then if anybody out there took the third trade, a loss of minus 2 ticks. Another opportunity to get in long. Got the first target off. Got stopped out for minus 3 ticks. And then we started to see a little more volatility kick in. Target 1, target 2 hit for a total of 8 ticks.
Here’s where we had a hook pattern on our higher timeframe chart. Target 2 ticks, 4 ticks and 14 ticks to the downside. I’m not a big trader during the lunchtime trading zone and that’s from 11:30 until 1:15 Eastern Standard Time. I generally don’t trade during this timeframe. You can kind of see the sideways chop once it made its initial move.
Coming out of the lunchtime trading zone, there was really no major news report. We had the petroleum status report come out, relatively no change there. We had an opportunity to get in long. Anybody taking the trades and watching our time charts, an opportunity for a total of 6 ticks on a nice retracement for a continuation on into the close.
If you trade into the later part of the afternoons, I want you to see the many sell opportunities that came in. You can see these little red arrows, selling opportunities to jump on the trend into the final no-trade zone of the day.
I’d like to remind everybody that I will be out of the area until April 11th. I know that there’s another webinar coming up. Dr. Dean Handley is going to be presenting on April 1st, hosted by WINvesting at MarketFest at 1:45 Eastern Standard Time, a review of the 763 Futures Trading Rooms. Again, Dr. Dean Handley is going to be presenting there. And here’s the link. You’ll have an opportunity to see what the criteria is to become a trade titan.
So as I was saying, for those of you that watch the webinar , I will not be able to respond to your emails until I get back on April 12th. Art, the Seattle Shark, will be covering me in the Shark Den. Enjoy. He’s an awesome trader and very consistent.
If you’d like to learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manuals, please visit us at TraderShark.com. Thank you. Have a great evening everybody.
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.