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 Friday, September 21st, 2012. The following are a few examples of trade setups that occur on a consistent basis. These trade setups are described in detail in the trading manual and in the live daily Shark Den.
The market opened up this morning right here at 1461.25 represented by this white solid line. We generally don’t trade from 9:30 until 9:45 Eastern Standard Time. Just a period of higher volatility, lower volume, chop. Bulls and the bears trying to decide what direction they’re going to go.
Coming out of the no trade zone we didn’t have any news report. We didn’t have options expiration day. And I want you to notice how price action remained within our opening range. Tried to get a little bit of a break out to the downside and we really didn’t have any conviction one way or the other. So there was no trades this morning.
From 11:30 until 1:15 Eastern Standard Time notice how we have a lot of sideways movement. Still no opportunities for trades. We did start to get a little bit of a breakout here to the downside. Nice little pullback. Got our first target off and got stopped out for minus 2 ticks. Not a big deal. As price action worked its way on we did have another opportunity for a pullback right there at about 3:37. We had an opportunity to get on. Target 1 and target 2 were hit. Went right into the no trade zone. Closed out of our position for a pretty quiet Friday afternoon.
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. Have a great weekend and I’ll see you in the Shark Den on Monday 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.