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 teach you how to trade the emini S&P futures. Today is Friday, August 8th 2014. You have often heard the saying that a picture is worth a thousand words. This morning the market started out relatively flat, you can see the sideways motion here between the sharkbands. We have a blue SharkBand and a green SharkBand. This is basically our opening range. The price action opened up at 1909, but then if you carried on into what is called a lunchtime trading zone right there at about 1125 or so, there is a nice opportunity to get into what is called a hook pattern. Some people call it a flag pattern, but we have our own rules that are mixed in with that. Now, I want you to notice that yes sometimes these take a little longer to develop. The first target is four ticks, the second target is 50% and the third target is T3 up here at 100% of the range. I want you to notice this hook pattern, T1,T2 and T3. This hook pattern, T1,T2, T3. The total on this hook pattern would have been about 41 ticks, it would have been plus four, plus twelve, and plus 25 ticks, so a total of 41. Over here to the right hand side, this is a total of 58 ticks. Again, I did not carry out and hold on through my T3, this is very difficult. I did not, but we do have some deeper pocket traders who do hold onto them much longer than that. I want you to see, they take them at a much higher risk. You want your stop in right below this swing level. If you brought in your stop below this swing level, then you certainly could have gotten stopped out, only getting your T1, or maybe even getting a full stop out at three. Regardless, I want you to see that the patterns work consistently no matter what market. Whether you’ve got a flat market, or a market taking out to the upside.
On August 12th, we’ve got a great event going on. Go to Tradershark.com, go to the home tab and click on next live webinar. That should take you over to the next page; Investor Inspiration has a live webinar investment series. We have been graciously invited to join them. Go ahead and go over here to these links, seven investment professionals on Tuesday, August 12 from 1:45 pm to 7:00 pm Eastern Standard Time. I am going to be presenting at 4:45, until 5:30. Click on the register now, it will take you over to their website, and you can go ahead and see the Get Professional Market Strategies on August 12, 2014. It talks to you about how to register, which is very easy. It also has a list of all of the webinar participants. After that, we will have our free trial. There are also some links on that website for free trials and the free trial is going to be on August 15th. I look forward to seeing you there. Have a great evening, have a great weekend, and I will see you in the SharkDen on Monday 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.