Learn to Day-Trade the Emini S&P Futures

Daily Trading Video – Aug 23, 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 S&P emini futures. Today is Thursday, August 23, 2012.
The market opened up this morning here at 1408.25 represented by this white dotted line. We generally don’t trade the first 15 minutes of the trading day from 9:30 until 9:45. I did have a nice setup here this morning. I told everyone that it’s not a valid trade, but I went for it anyways. So I’m going to go ahead and show it in the room, but I wouldn’t count it in the overall total for the day. Today we had an entry here based on a wave trade. Took a lot of heat all the way up to within 1 tick of our stop only to follow through. Target 1 and target 2 hit for a total of 7 ticks.
Coming out of the no trade zone we had an opportunity to get short. Now we’re implementing what’s called a Great White trade. In this particular case the Great White generally can yield anywhere from two to three times the amount on our trades. In this particular case we did get stopped out for minus 4 ticks on a Great White trade. This standard trade hit target 1 and target 2 for a total of 10 ticks.
There’s another nice countertrend trade here setup right at about just a little after 10:30. We did not take, so I didn’t put any numbers in there. But I want you to see the type of setup. The break through the moving average. Pullback and continuation.
We had another opportunity to get long here. This was more aggressive thinking we had what’s called a Shark Attack trade, which didn’t really occur until later. Tried to get on here. First target is 8 ticks on this particular trade and a total of 16 ticks on the second trade. So as a result the internal indicators we took a minus 6 ticks. That’s minus 3 ticks per each contract.
We then had an opportunity to get into our Shark Attack trade here. Target 1 was hit for a total of 8 ticks right to a tick and then it reversed and we did not get our second target, which is about 16 ticks up here. And so we got stopped out for minus zero on that.
Going into the no trade zone from 11:30 until 1:15 Eastern Standard Time we tend not to trade that timeframe, just a period of lower volume and higher volatility. And we’ve had a lot of low volume these last two weeks. You know, we get a lot of sideways movement, so we want to be very cautious with all of our trades.
Here, we’re a little premature on this particular trade. Got in. Target 1 was hit and got stopped out for minus 2 ticks. But if we had a deeper stop, which we had talked about it in the room. Some people kept a full 8 tick and were able to carry on. Myself I got stopped out for minus 2 ticks only to find myself getting into another trade here. Nice pullback to the moving average. Target 1 and target 2 hit for a total of 6 ticks. And then that was pretty much it for the day.
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 evening 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.