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 futures, the crude futures and the Euro futures.
The market opened up this morning here in the S&P emini at 1719 represented by the white dotted line. We generally don’t trade from 9:30 to 9:45; just let everybody else chop everybody else up. Don’t get involved in that.
Coming out at about 10:00, remember today was quadruple witching day. That’s options expiration, futures expiration, and options and futures expire. With that we had a nice opportunity to get short here. One thing to do is either you’re not going to trade on this kind of day or tighten up your profit targets. So we took 4 ticks on the first trade, 6 ticks on the next trade. Got out fortunately this thing kind of reversed.
The yellow arrows are setups that I did not take. And that had a nice little pullback. I got in long here and then, hindsight’s 20/20, it ran right into a Shark line and at that Shark line got the first target off and then backed off got minus 2 ticks.
And then you can kind of see this just sideways chop. We had an indicator, directional indicator was telling us sideways movement. Continuation to the downside, pullback, had a 6 ticks. That was pretty much it for our emini S&P trading this morning.
From 11:30 to 1:15 Eastern Standard Time is a period of higher volatility. I don’t trade during that timeframe. Coming out at 1:15, there was a couple opportunities to short. Again, I want you to notice the yellow arrows and that pretty much I don’t trade those. I didn’t trade any further into the close. It’s just a choppy day. Friday afternoon with quadruple witching.
Let’s go ahead and check the Euro market. Here in the Euro market, remember the Euro opens up at 3:00 in the morning Eastern Standard Time. And we do begin to watch it at about 8:30 in the morning. Here a little after 9:45 or so, had an opportunity to get short. Got the first target off and then I forced myself out, just was uncomfortable. And as you can see we had a lot of sideways motion, continued sideways.
We broke out of our range and little bit of a bounce, pullback, tried to go long. Yes, again, hindsight, but my anchor chart was telling me that we should have tried to go long. Forced myself out for minus 4 ticks on 2 contracts for minus 8. And then we had a pullback, and said, you know what, the market was going to continue on. We had a profit target a little bit lower and I got a full stop out here on a total of 16.
To the right-hand side I want you to see we had one final trade before we stopped trading. We stop trading the Euro at 11:30. And this last trade was a nice clean setup with an auto wave long. Profit targets were hit. Again, when you’re going counter trend you’re going for your shorter profit targets instead of the ones we use when we’re with the trend.
And then I want to show you one more opportunity we have on the website. Go over here to TraderShark.com. You can either go to the Members or simply go over to the Blog Archive. On the Blog Archive you have an opportunity to sign up for a five-day free trial in our new Shark Den oil trading room. And we got five days setup from September 23rd to 27th. I will be giving a 45 minute presentation on October 1st. And then we’ll have a two day free trial and then on October 3rd and 4th, the Thursday, Friday of the following week. This is for the S&P and the Euro, see right here.
I wanted to thank you for watching. To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manuals, please visit TraderShark.com. Thank you. Have a great weekend and I’ll see you in the Shark Den on Monday 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.