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 evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P and the Euro futures.
I’m going to show you the Euro futures screens that we use here in the Shark Den and give you a rough idea. The European market opens up about 3:00 Eastern Standard Time. And with that being said the opening price here was at $1.3413 represented by the white dotted line. Price action was well-below the dotted line at a range level. The range level we watch right here between 7:30, maybe 8:30 running sideways.
Nice little break out from the range level, first target was hit forced out myself here at a break even. So it was plus 3, minus 3, I was flat. Continuing on into the morning, just before 9:30 I had another opportunity to get into a trade. But once we get within 3 minutes of the opening price of the U.S. market that’s like a news report. And I flatten myself out in this position also for minus 2 ticks.
Continuing on into the day we had relatively flat sideways motion, and I want you to look down below, you see these bright yellow lines here on our directional indicator, bright yellow dots, are indicating to stay out. Flat, sideways motion. The trade of the day, as our directional indicator broke out, we had our first shot of a red dot. Came in. Again this occurred right about 11:00, so I want you to notice the auto waves fired off short here. I did not get in.
Shortly thereafter I had a nice opportunity with our momentum and our direction. Momentum indicator fired off short. First target got hit, second target got hit. We watched the depth of market. As we got down here we exited. The entry here was at $1.3376 we exited $1.3356 for a profit of 23 ticks. And that was pretty much it for the day. We stop trading the Euro at 11:30 Eastern Standard Time in the morning.
To learn more about these and more advanced trade setups, 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.