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. Today is Monday, September 8th, 2014.
Before I get started I want to remind everybody that we have another presentation going on tomorrow by Rande Howell, “Master the Head Game of Trading.” Yes, this month we’re doing a lot that has to do with psychology trading. The coaching program, we are full. And I think it’s just because 80 to 90% of the game is within our own heads and our own methodology. So go to the Home tab, click on the Next Webinar – Guest. You’ll see Rande Howell here. A little description about what he has going on. And you can register now, take you over to our free presentation, and then go ahead and sign up there at omNovia.
For today, I’m going to show you just the trade of the day would be off of the lows of the day. We never try to catch a falling knife, right? You’ve always heard that. So we did expect a potential bounce right in through here, the 1998 level, potential 1997 level, but we never had a setup. Our anchor chart never gave us that opportunity. If the anchor chart did pose a little bit of an opportunity to get in long, the trigger chart did not fire off. So where did we really have our opportunity? Right down here at the bottom, you can see these auto waves are kicking in. This auto wave right here is your trendline break for continuation higher.
Let’s go and look at the lower timeframe chart at the same time. This time right here is at almost 2:00. The time zones we reference are 2:00 PM Eastern Standard Time. So here’s your low, right there around 2:00. And then coming shortly after, around 2:15, we had, we never try to buy at the bottoms. We wait until we get conviction. See the circle area; this is where we closed above our moving averages. Nice little pull-back for a continuation. Opportunity to get in here. Anywhere from 6 to 18 ticks up to the long side. So, and then as the market continues to work its way higher above our Shark line, we have a nice little pull-back for continuation. You can almost see that right within our momentum indicator on into the close.
To learn more about these and more advanced trade setups or to get a copy of the TraderShark trading manual, please visit TraderShark.com. Have a great evening and I’ll see you in the Shark Den in the morning.
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.