Learn to Day-Trade the Emini S&P Futures

Daily Trading Video – Aug 28, 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 and the Euro futures. Today is August 24th, Tuesday.
The market opened up at 1405.25 represented by the white dotted line. Volume remained low. Yesterday was a European holiday, bank holiday, so we saw a little more of a pickup in the Euro price action. In the meantime we don’t trade from 9:30 until 9:45.
We did have the consumer confidence report come out less than expected. Expected a little deeper selloff. Right here about 10:00 nice pullback. Got target 1 off. Got stopped out for minus 2 ticks.
Worked our way back above the moving average. Above the opening range. And I did not take this trade. It was really too close to our opening price and I was trading the Euro at this time. But these were nice clean setups. You can see the wave trade set up here. And then we had another wave trade set up here for a continuation to the upside. Now I didn’t take those trades. Those trades are marked in yellow.
And then we really didn’t have any other trades because we kept working price action back into the middle of the opening range and just, we were not getting any clean setups today.
From 11:30 until 1:15 Eastern Standard Time, this is a no trade zone. Coming out of the no trade zone had a nice opportunity to get short. Pullback. Target 1 was hit and got stopped our for minus 2 ticks on that trade. So basically, and look at the short time frame from here to here, just the volume was very low. And we didn’t have any nice clean trades. It looks like there’s a run into the close here. You could have probably taken a last wave trade into the close, but at this point we had two losing trades for minus 4 ticks.
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 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.