Learn to Day-Trade the Emini S&P Futures

Fry-Day Trading Video – March 22, 2013

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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 Trader Shark.com, an educational website to learn how to trade the emini S&P futures. Today is Friday, March 22nd, 2013.
The market opened up this morning here at around 1544. I want you to notice we have an opening range. A break out of opening range, but when we started this morning right about 9:30 we said look at how tight these Shark Bands are, just barely above the opening range. And it’s also Friday, Fry Day. This is a higher timeframe chart. I just wanted to give you to get an idea of how price action kind of chopped between these two Shark bands.
Okay, so here we are on a lower timeframe chart. I want you to notice the opening price, 1544 represented by this white dashed line. We generally don’t trade in the opening 15 minutes of the day. We did have an opportunity to get a trade off here right out of the no trade zone to the downside for a total of 6 ticks. And then there was a nice setup I missed it, but still we don’t trade within 1 point of opening price, so there’s a good reason for us not to take this particular trade, but it did nonetheless have an auto wave fire off long here. Right there at about, just a little bit after 10:00 we did have a nice opportunity to get long. Target 1 and target 2 were hit for a total of 7 ticks.
And then, you know, you generally don’t take a third wave trade long, and I did on this one. Got my first target out and got stopped out for minus 2 ticks. Once we came back through our moving average, nice auto wave short. I did not take this particular trade. Again, this is a counter-trend. However we turn right around and continue, remember the longer timeframe chart, we were chopping between the two Shark bands. Had an opportunity to fire off 1, 2, 3 times for this long wave to fire off. You can see how we had consistency here.
And then we go into a no trade zone from 11:30 until 1:15 Eastern Standard Time. Notice the sideways movement. Our directional indicator was indicating sideways chop so we weren’t getting into any trades. Even coming out of the no trade zone the first chance we had, generally at around 2:00 we don’t want to be taking any long positions. Right here at about 1:55 Eastern Standard Time, had an opportunity to get in short, just, again, it’s a counter-trend trade, but in this particular case we had all of our indicators in our favor. Target 1 and target 2 hit for a total of 6 ticks. Shorter profit targets when you’re doing a counter-trend trade if you are willing to take that type of risk.
And then all the way into the close, by this time most people had gone for the day, the people that stayed with me, what we did is I drew these lines here at about 3:40 in the afternoon, 20 minutes before the close. And I said, we’ve got a potential target here of 51 and 1553, and in the room, you know, they said, no way, it’s just too far away. I bought 2 contracts in here. Took a lot of heat. Came right down within 1 tick of our stop, and then what happened? Right there at 3:57, 3 minutes before the close, the market just rocketed up hit my first profit target right here, second profit target. If you held on for a third contract, 53. And then on the future’s market, future’s doesn’t close until 4:15 Eastern Standard Time, and look at what happened even after 4:15, the market pushed its way up into the 1553 level. Absolutely amazing. So those people that were able to jump on with me had a good close into the 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.
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.