Learn to Day-Trade the Emini S&P Futures

Dec 7, 2012 – Daily Trading Video

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 Friday, December 7th, 2012.
We had an infinity futures trading challenge this morning, so the Shark Den was not open until about 10:40 AM Eastern Standard Time. However, I’m going to go ahead and look over, what happened this morning is the market opened up at 1418.25 represented by this white dotted line. Now the trading challenge started at 9 AM Eastern Standard Time and went until 10:30 AM Eastern Standard Time. We generally don’t trade the ES until after 9:45. The Euro was flat. There was no trades that went on there whatsoever.
Looking here on the ES, I did not catch this trade, it was, you know, hindsight is always 20/20. But I went back and notice that’s why it’s colored in a yellow arrow. But in this particular case we had a nice clean pullback to the moving average for a continuation. Just total of 6 ticks because we were still just barely outside of the opening range.
As price continued, I took no trades during the trade competition until right here at exactly 9:59 and, you know, of course Murphy’s Law kicks in at this point, right. Of all trades, we seldom take full stop outs, but when we do it hurts just like anybody else. We got in here at 1414.25 for a short position to the downside and took a full stop out. All indicators were in our favor. This was just one of those days that you’re going to get tagged and you have to take that as part of business, right. It’s just like any type of business, you’ll take losses. And hopefully in the end you’ll take more gains than you will losses. The market did not really bounce. It just ran up. Took the stop out. Went sideways. And look at the continued sideways motion.
Now let’s go ahead and look at the higher timeframe chart just one moment. Now when I say a higher timeframe, I’m just simply looking at what we call as an anchor chart. And we have an opening range. And when price action broke out of this opening range for a nice clean pull back, we have what’s called a hook pattern established. And our target was down here at around 1409.5. We talked about it. But again, this didn’t occur until after 10:30 or after the trading challenge. I’m going to show you exactly when a nice clean entry occurred. What’s the timeframe here? 10:24. So it was just setting up for a nice perfect trade. You set up with an anchor chart. Longer timeframe. And then you go to your trigger chart to fire off for an entry.
Now we’re going back to the trigger chart. Notice how we continue that sideways chop. So as we continue to work our way to the right, we don’t know what’s going on the right-hand side of the screen. But right there at exactly 10:30 if anybody was listening, I said there’s a trade setting up right now. It was right at 10:30 just as the trading competition was ending. Look at this, as I click that you can’t really see. Some of the Shark Den members were able to take advantage of it because they saw it. However, this is what continued for the day. A quick 10 ticks to the downside. Two contracts. Target 1, target 2 were hit. And for the rest of the day, now I have a yellow arrow there because I had it set up. I did not take this trade because I was right there at the end of the trading competition. There was comments and questions and things like that going on.
We then had another opportunity to get short here. However, I was able to take one trade after the competition this morning, right here at about 11:00 in the morning. Took a downside trade, 10 ticks and finished the day. And there were really no further trades. And just look at the price action. How we just continue to hover around this moving average and into the no trade zone from 11:30 until 1:15 Eastern Standard Time. And just a continuous sideways movement. No room for us to get a push an pullback and go. But in the meantime we wait for pullback. Did not see anything on into the close here at 4:00.
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 we’ll see you 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.