Learn to Day-Trade the Emini S&P Futures

Auto Wave Indicator – Feb 1, 2013

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.

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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, February 1st, 2013.
The market opened up this morning at 1502.75 represented by this white dotted line. We had good employment numbers this morning, and the other news reports were basically within consensus range, so I didn’t pay much attention to those. But I can tell you this, that we did have a bullish bias based on the employment numbers.
We generally don’t trade from 9:30 until 9:45. Coming out of the no trade zone we did have an opportunity to get long in through here, but we don’t want to usually trade into the opening price. We waited. We did have an opportunity to get long right in through here at about 10:00, but there was a news report that came off, so it took off too quick for us to be able to get into it.
We have another indicator on the screen that you don’t usually see, but we had another opportunity to get long, but remember, you’re below the moving average. So the really, the first opportunity we had to take any trades, was right there at about, just before, just a little after 11:00 for a long position. And holding it into the no trade zone, target 1 and target 2 were hit.
No trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone we had another opportunity to get long. And again hold on to it up until the 2:00 timeframe. Look at that, nice clean reversal at 2:00 and then if you don’t just blindly short it at 2:00, you wait for your indicators, or your auto wave indicator to kick in short. Another kick in short, and on into the close. So three really nice trades today.
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 weekend and I’ll see you 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.