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, December 18th, 2012.
The market opened up here this morning at 1427.50 represented by this white dotted line. We generally don’t trade from 9:30 until 9:45. Coming out of the no trade zone, an opportunity to get long right here right at about 10:18. Trade for a total of 6 ticks. Target 1 and target 2 were hit. And then shortly thereafter another auto wave setup. Notice the green dot jumped in here for a total of 17 ticks. Some people that had a trailer followed this thing up and as we followed it up we had a nice little break out of our opening range. We had what’s called an extended wave trade long. Another extended wave trade long, and just continued to push higher.
We had what’s called a hook pattern appear in the Shark Den. It ran its way into a couple different of the Shark bands and we were trailing it. Working our way up into this flat level here right around 1434. And did not catch any of this little extended move before going into the no trade zone.
No trade zone from 11:30 until 1:15 Eastern Standard Time. It’s just a period of lower volume, higher volatility. As we got in here I want you to notice, as this momentum indicator got into an extended overbought position that market just continued to push up deeper. Now we don’t trade during the no trade zone. Some traders do, I choose not to.
Coming out of the no trade zone we had a move below the moving average. Across. An opportunity to get, got target 1 off. And then started to see it pulling back, flattened out for minus 2 ticks, a total of 0 on that particular trade. And then another clean pullback right here. Did not get in on this one. Notice the entry. We had a nice little pullback here. Was able to just snag a little, about 6 ticks on this particular trade, 2 ticks and 4 ticks to the downside. Wanted a deeper pullback, but when this momentum pushed to the oversold position we knew it was just going to continue on in that direction. And right there pulling back from the highs of the day.
Sideways it didn’t look too choppy, but it really didn’t give us any other buying opportunity until right there in the end. We had an auto indicator long. We had a feeling the market was going to push back up into the highs of the day. Ended right around 1443 and then went sideways. So we got a total of 17 ticks on that last trade.
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 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.