Learn to Day-Trade the Emini S&P Futures

Daily Trading Video – Sept 13, 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 futures. Today is Thursday, September 13th, 2012.
The market opened up this morning here at 1437.25. Right here in the middle of this Shark band. I want you to notice the narrow Globex range. We had I think what, 4.25 to 4.5 point spread and that will usually indicate a very narrow market for the U.S. markets. We did have jobless claims and producer price index at 8:30. They were within consensus range, so we really didn’t have much occur here in the opening part of the morning.
So you notice we stayed in between the opening range. Nice little break out of the opening range. Little bit of a head fake. Pull back. And you’re not seeing what we have is called a no trade zone at 11:30 in the morning. So we had no trades this morning and then the FOMC announcement came out at 12:30 and it just shot out right up to our first Shark band.
There was no opportunities. We generally trade on pullback opportunities. There was 1 clean pullback here. You’ll notice this is a higher time trading chart. We simply did not have any opportunities to trade during this no trade zone. It was very volatile. A lot of the indicators were conflicting. You can see a nice cross here on our momentum indicator for some people were able to get on a little bit of a run, but this thing just cut through our second Shark band like butter and then worked its way up. Third Shark band cut through like butter.
Again, we had an overwhelming situation where the government was going to buy back of the bonds by the government was less than half of what was expected. So we weren’t sure if that was negative news or if it weighed positive news on the market. The indicators were mostly pointing positive. We didn’t know it was going to run quite this fast and this high.
And we had the FOMC announcement as well as contract rollover today. So with that a lot of times we just sit on our hands. We don’t want to get caught in the chop or the volatility and as a result we did actually miss out on this good strong move up to the upside.
We finally had an overwhelmingly strong resistance here at 1462. That was a weekly plug number, as well as a monthly plug number. So that being said generally can run through by as much as 2 points. It ran through 2.25 points. And then we had a little bit of a selloff right into the close. So we basically had zero trades for today.
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.