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,
Good evening traders, this is Brian with TraderShark.com, an educational website to learn how to trade the emini S&P futures. Today is Monday, October 8th, 2012. Columbus Day for many of the banks. And here in the United State a lot of the volume was not to be expected today. We had no other news reports. So expect a lot of sideways movement.
We did have a narrow opening range. A little bit wider Globex. With the volume we just really couldn’t, it’s probably better to be sitting on your hands on a holiday like this. My natural bias is a choppy to bullish day. So the market opened up here around 1450.25. Right up here. And that’s pretty much the way the whole market went sideways.
We did see what’s called a Shark Attack trade set up, right here at about a little after 10. I only used 1 contract on this particular trade because, you know, you have to manage your risk and with the lower volume. Now this is a 2 point and 4 point move. So I only used 1 contract and it was just not going to go my way and I got stopped out for minus 6 ticks. Not a big loss there, but just you want to be aware of it.
We then had the opportunity to pullback. And then try it again. Broke through the moving average. Pullback. We were able to get off a target 1. Here in this particular case I did use 2 contracts because I thought I had a higher probability of going in that direction. Got my first target off and got stopped out for minus 2 ticks. And then we went into the no trade zone.
So you can see there was just a lot of sideways movement. Choppy day. Coming out of the no trade zone had another opportunity or a re-approach to yesterday’s low. And I had a trailing stop of this one thinking we may have a little bit of a burst. And it really worked its way up to plus 12 ticks and I got a stop of plus 4. And that was it for the day.
To learn more about these and more advanced trade setups or to get a copy of the Trader Shark trading manuals, 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.