Learn to Day-Trade the Emini S&P Futures

Tuesday Trading Video – March 12, 2013

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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 Tuesday, March 12th, 2013.
The market opened up this morning at 1549.25 represented by this white dotted line. We generally don’t trade from 9:30 to 9:45. Some people don’t even trade until 10:00. We had a very narrow Globex range and a narrow opening range. That being said we had an opportunity to get long. Looked like we were going to establish a hook pattern here. Did not get filled. Unfortunately, we did not get filled because then the market reversed. Pulled back through the moving average. Nice retracement. Had an opportunity to get long on a trendline wave trade short. Depending on whether you traded two contracts or three contracts, had an opportunity to get 7 to 16 ticks.
Once that downtrend established itself had a nice little pullback. Auto wave fired off short for a total of 10 ticks. Took a little bit of heat here. And then we had a trendline wave trade short kick in here. Going into a no trade zone here at 11:30. From 11:30 to 1:15 Eastern Standard Time there’s a no trade zone.
Coming out of 1:15 an opportunity to get long, didn’t even get off out first target, got stopped out for minus 8 ticks. And then when you get stopped out in one direction you turn right around and be prepared to reverse. Nice opportunity to either take on a Fibonacci trade or a wave trade short for a total of 7 ticks. And then another pullback. Once you get extended and having a narrow Globex range this was definitely a mistake to try and get short any further. Got first target was touched. Stopped out at either breakeven or minus 2 and then there was another opportunity to get short. Easily got the first target off and then got stopped out for minus 2 ticks on that trade.
Going into the close, I generally don’t trade from 2:30 to 3:30. There was a nice opportunity on an auto wave long. Target 1 and target 2 hit for a total of 10 ticks. And then going into the close, thought this thing was going to push up even higher. Got the first contract off with 2 ticks and second contract breakeven. And that was it, we stopped trading at the day at 3:50 in the afternoon.
To learn more about these and more advanced trade setups, or to get a copy of the Trader Shark trading manual, please visit TraderShark.com. Thank you. Have a great night 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.