Learn to Day-Trade the Emini S&P Futures

Daily Trading Video – July 26, 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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Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Thursday, July 26th, 2012.
This morning the market opened up at 1352.75 represented by this white dotted line. Notice we have an opening range. And as price action remained, this is the first 15 minutes of the day. You’ll notice that we do not trade during the first 15 minutes of the day.
And price action continued to remain within this opening range. We really did not have any trade setups. We had a nice clean hook pattern setup. Did not materialize. We had another hook pattern set up to the downside, which actually came very close to materializing for a final price target right down there around 1346. However, there was no trades.
So this morning before 11:30 there was no opportunities for us to get in. Let me change that, there was opportunities, but we didn’t want to take them because of the volatility that was going on. The Euro had moved up by $0.02 from $1.21 to $1.23 based on some of the comments by Draghi indicating the central banks were going to support the Euro in whatever way possible. With that the market spiked up and the U.S. markets went sideways.
That being said price action found its bottom right here during the no trade zone. You’ll notice the time, right here around 12:30. And coming out of the no trade zone, there were some opportunities during the no trade zone to take long opportunities. Did not take any of those trades until we came out of the no trade zone right here at about 20 after 1 to about 1:30 or so. We had an opportunity to go long right into the opening price.
And that was it for the day. So there was one trade. So we had two trades back to back, coming out of the no trade zone. Both were for 6 ticks each, so we ended the day for a total of two trades, a total of 6 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.