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,
TraderShark
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the S&P, Euro and crude futures. Today is Thursday, March 13th, 2014.
The market opened up at 1873.50. Knowing that today was contract roll-over day, I will trade only until about 11:30. I know a lot of trades happen later than that time frame, but that’s just a rule that I pretty much live by, unknowing the certainty. We want to trade the highest volume contracts. We’re changing from the March to the June contract. The March contract being ESH14, changing over to June contract ESM14.
Market opened this morning at 9:30. From 9:30 to 9:45 we generally don’t take any trades. We did have a really quick pro-range reversal. Some people may have taken 4 ticks on it. I took 3 ticks on a very quick trade. And then coming off of our opening price, an opportunity to get short. Holding on in through here, did not stop us out. Got a target 1 and target 2 for a total of 9 ticks.
Another opportunity here. It depends on whether the person actually hit their first target or not where they entered. This was not a good entry. I don’t know as though anybody took a full stop up, but I just want to say that if you did not get your first target off, you could very well have taken a full stop out here because the retracement went all the way back up to a full 8 ticks before continuing.
And then another opportunity to get in depending on whether plus 6 to plus 10 ticks to the downside. Continuing, a couple tests of this moving average working its way lower. Another opportunity to get in for a total of 9 ticks here. Another opportunity to get in for 16 ticks here. Even this pull-back did not stop us out. There was like 3 or 4 consistent hook patterns to the downside today. Another final 10 ticks into the final lunch time trading zone. And I was done trading at this point. You can see these target levels and continuations. I think it was 1862.25
Anyway, thank you for watching. To learn more about these and more advanced trade set-ups or to get a copy of the TraderShark trading manual, please visit TraderShark.com. And please remember we do have trials going on next week. Tuesday and Wednesday in the S&P and Euro Shark Den and Thursday and Friday in the crude oil Shark Den, which we will be opening up the NASDAQ also. So please feel free to check us out at TraderShark.com.
Link to Video and Transcription