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 Tuesday, September 11th, 2012.
The market opened up here this morning at 1429.50 represented by the white dotted line. We generally don’t trade the first 15 minutes of the day from 9:30 to 9:45. There was a news report at 8:30 this morning, international trade. It was within consensus range so there was really no movement based on news there.
Right here about 10:10 generally we did not have a reversal. So if we don’t have a reversal by 10:10 the market tendency is to continue in the direction of the trend. Did have an opportunity to get long. Got our first target off and then I closed out the position based on another internal indicator. So we took 2 ticks on 1 trade, only to see the market continue in the direction that we intended.
Right there at about 10:45 or so we had another opportunity to get long If you didn’t get that one you had another opportunity right behind that right there at about, what, 10:49. And there was a total of 10 ticks on that trade. Now this is when we scale out on fixed targets. If you do have a trailing stop then you would not have had to enter a second time. A second opportunity to enter right in through here at around 11:15 or so for another 10 ticks.
From 11:30 until 1:15 Eastern Standard Time we don’t trade primarily due to the lower volume and the higher volatility. We’ve seen a lot of low volume recently, so nothing surprising there. Coming out of the no trade zone, again, a nice clean setup. Notice our wave trade setup here. Total of 6 ticks. Generally we’ll try it for a total of 10 ticks on fixed targets. In this case we were at the highs. You know, I don’t know what else I can tell you. I got nervous and I actually scaled out early. And it was actually a good choice on this part.
Coming down, back through the moving averages. Went into the close. And just before last close there was a nice trade to try to get on just for a real quick scalp. Anywhere from 4 to 6 ticks on this last trade at about 15:48.
Want to thank you for watching. To learn more about these and more advanced trade setups, or to get a copy of the Trader Shark trading manuals, please visit Trader Shark.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.