Learn to Day-Trade the Emini S&P Futures

Daily Trading Video – Aug 17, 2012

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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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 and the Euro. Today is Friday, August 17th, 2012.
It was options expiration day. Of any day for people to go and spend time with families or to go golfing, this is the day to do it. So just keep that in mind in the future. And we’ve seen this as a consistent pattern.
Price action opened up at 1416. Okay, so 1416 is the area that price action opened up and stayed within our opening range all morning. And it pretty much speaks for itself. We didn’t do any trades. We have a no trade zone we went through and no trades. We had no trades on the ES.
So what I thought I’d do, is I’d show you what we do on the Euro. We open up the Euro trading room about 8:30 in the morning Eastern Standard Time. So for a little change in trading, you’ll notice the colors are a little bit different. This will just distinguish the difference between trading the Euro and trading the ES. We are looking at opening the room around 7:30 in the morning now.
Here we had an opportunity to get short, but, you know, we were in an hourly range low band. And this is in hindsight, hindsight’s always 20/20, right? This was a bad trade. So we tried to go short right into an hourly range low. Got stopped out for a full 16 ticks. That can be anywhere from minus 16 to minus 20 ticks on this particular trade. And you can’t carry that with you if it happens the first trade in the morning. Get right back on.
We had a nice trade to go long. Target 1 and target 2 hit for a total of 11 ticks. Follow through. Pullback through the moving averages. Continuation to the downside. Plus 11 ticks to the downside. We really left a little bit on the table there. The internal indicators were indicating to hold on for a short position. And you could have really yielded a whole lot more than 11. 11 is just very basic. And notice the selloff.
We did have another clean opportunity to get short here for a full 22 ticks until we bottomed out at around, what, $1.22.92. And we filled at 22 ticks on that trade.
And that was pretty much it. We stop trading the Euro at noon. And I just wanted to give you an idea. Just a little bit of a taste of what we do in the room.
Please feel free to join us if you have any questions. To learn more about these or 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.