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 Wednesday, September 26th, 2012.
The market opened up this morning here at 1435.25 represented by this white line. 1435 was actually yesterday’s low, so we were aware of this level up here. Price action came out outside the no trade zone. First 15 minutes of the day we don’t generally trade.
Didn’t really have any opportunities to get in until right here about 10:20. Had an opportunity to get short. Target 1 and target 2 were hit, so depending on your entry you could have gotten anywhere from plus 9 to plus 12 ticks on that particular trade.
We then found support at 1427.50. Nice little bounce for 4 ticks. Two ticks and 4 ticks were our profit targets. And then quickly get back on it. Target 1 and target 2 for a total of 8 ticks to the downside. We then had a nice little bounce off the bottom. We really probably should have waited for our price action to get above this particular moving average. Did not. Got target 1 off and got stopped out a total of minus 2. Plus 2 and minus 4 for minus 2 ticks.
Price action continued on into the no trade zone from 11:30 until 1:15 Eastern Standard Time. Coming out of the no trade zone did not have any other opportunities. Kind of wrapped around this moving average. We did see selling pressure going into the close. Couple other opportunities. We even had a shorting opportunity right here. It was pretty choppy in the 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 and we’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.