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.
To successful trading,
TraderShark
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Wednesday, June 27th, 2012.
The market opened up this morning at 1318.25 just above our opening range. Notice from 9:30 to 9:45 we generally don’t trade. Coming out of the no trade zone we broke above our opening range for a nice clean pullback. Target 1 and target 2 hit for a total of 10 ticks. And then we went sideways consolidation. Kind of a choppy mode.
And then we did have an opportunity to try to get long. We saw a break through our moving average. Looked for an opportunity to get long. Target 1 was hit and got stopped out for minus 2 ticks only to find our price action to continue to ride along this opening high range. We did have an opportunity to get short once we crossed through the moving average again. Target 1 and target 2 were hit for a total of 6 ticks and then we went into the no trade zone. Lower volume and higher volatility and we choose not to trade during that timeframe.
Coming out at 1:15 we had an opportunity to get short. Target 1 and target 2 were hit. This was a countertrend trade because we were still above the moving average and some people were able to hold on. We have what’s called a holding indicator. The holding indicator would have allowed us to get into approximately 10 ticks. I was out at 6 ticks on that particular trade.
We then, once we had a confirmed movement below the moving average. Another opportunity to get short. Target 1 and target 2 were hit. A total of 8 ticks on that trade. And that was pretty much it for the day. We had a nice cross back to the upside and there really wasn’t any other opportunities before we went into another no trade zone.
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.