Learn to Day-Trade the Emini S&P Futures

Dec 6, 2012 Euro and ES Futures Trading

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, December 6th, 2012.
We’re going to do it a little bit differently today. I’m going to show you this morning the ES was really choppy. So what we did is, we kind of shifted over in towards doing the Euro. And we trade the Euro from 8:30 until about 12 noon.
And I want you to notice this is an opening range. Once price action broke through the opening range to the downside we had a nice little hook pattern to the downside. A couple clean trades here. Look at the retracement never even broke the swing high. Another hook pattern. Another hook pattern. Each one of these hook patterns could have been met with selling signals. Another hook pattern. And once you get down after the second or third hook pattern you want to kind of be a little cautious. It appears that you’re getting toward a Shark band. So we were pretty much done right here. But this thing just continued on based on some of the comments by Droggy earlier today.
We were trading the Euro earlier this morning. And the ES here, I want to show you just the sideways movement. You really don’t want to get involved in this type of chop. We had an ADX that was telling us just no direction. The bulls or the bears did not want to take control until right here at about 10:30. We did have a pop, an opportunity to get long. The yellow arrow means I did not take advantage of it personally in my account. But I want you to see there’s an auto wave indication.
We have another auto wave indication a little bit after that entry. So that was a total of 18 ticks. When I decided to get in of course, I didn’t even get my first target off and I scaled out. I forced a stop at minus 3 ticks each for a total of minus 6. And then I thought, well great, we got a reversal. We were still above the moving average, so it was a mistake, but nonetheless I took it. Then I got stopped out for minus 4 ticks.
Then we go into what’s called a no trade zone from 11:30 until 1:15 Eastern Standard Time. And we continued on sideways motion. Coming out of the no trade zone, we did have a little bit of a break above our moving average. Pullback. Nice opportunity to get long. A total of 10 ticks with 2 contracts. And worked our way sideways.
Another opportunity. I only traded 1 contract on this trade. I took it short. And I go, you know, I wasn’t 100% certain with 1 contract I took a 5 tick loss. And then as soon as you take a loss in one direction, turn right around and got long. Target 1 and target 2 hit for a total of 7 ticks. And then right in before the last no trade zone of the day, target 1, target 2 for a total of 8 ticks.
I 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 manual, please visit TraderShark.com. Thank you. Have a great evening. Come join us tomorrow for the infinity challenge live trading. I’ll see you in the Shark Den in the morning. Thank you.
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.