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 emini S&P futures. Today is Monday, September 23, 2013.
The market opened up this morning here at 1700.50 represented by this white dotted line. This is a higher time frame chart. I just want you to notice what we had going on here was within our opening range we broke through the opening range. I did get short, and I got shaken out for minus 2 ticks, just to be able to get right back into another trade here, it’s called a hook pattern. Took a total of 19 ticks on this trade. Actually entered at about 10:05 and ending that trade at about 10:55.
Another hook pattern, did not enter this one. I think one of the indicators was not in my favor. Another hook pattern setup. They were all kind of shooting towards this Shark band. Once we penetrated the Shark band there was another opportunity to get short right down to the second Shark bank. And I want you to notice how these things hold.
At this point a retracement, break of a significant level, retracement, and continuing on up into our profit target, which is a Shark line that you don’t see here. There’s a Shark line that runs through, potential target, and then no further trades for the rest of the day.
To learn more about these and more advanced trade setups, or to get a copy of the TraderShark trading manual, please visit TraderShark.com. Thank you. Have a great evening and I’ll see you in the Shark Den in the morning.
Link to Video and Transcription
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not an indication of future results.