Learn to Day-Trade the Emini S&P Futures

Hindsight is 20-20 – June 5, 2013

Daily Trading Video

TraderShark Trading Manual

Join the Shark Den!


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, June 5th, 2013.
The market opened up this morning at 1625.25 represented by this white dotted line. We generally don’t trade this opening range from 9:30 to 9:45. However we had a pro-range reversal here and got a quick contract off for a total of 4 ticks. And as we worked our way in through the 9:45 timeframe, we had some news reports come out. Most of them remain within consensus range. And yet the ADP employment situation was worse than expected. So I was expecting a selloff in the afternoon. Did not know what we were going to expect in the first part of the morning.
We did have a nice trade that got off here at about 10:13 to the downside for a total of 10 ticks. And then a nice little pullback. Got our first target off and got stopped out on our second contract for minus 2 ticks. We then had what’s called a Shark Attack trade that occurred right here at about 10:30 or so. First contract got off at plus 8 ticks and then I got a stop out for minus 11 ticks, and in that particular case I took a loss of 3 ticks. Wasn’t a bad loss considering what out potential was for the target areas. Now if you took this trade as just a standard wave trade, you would have got both first and second target, and then fine. I held on a little longer than expected and I got stopped out for minus 3 ticks.
We then started to see a lot of sideways chop. A lot of volatility was kicking in. And at this time our market internals started to go flat. Still went off on our first target. Got our first target off and got stopped out for minus 2 ticks on this one. So it just seemed like one of those days we were getting a lot of reduced risk stop outs.
And then later on in the morning right here at about 11:00, one that I missed. I can’t remember why I missed it, but I got it colored in yellow. It actually materialized for a good trade. So one of those days that I picked all the bad trades, but missed the good trades. And it happens. And so then getting ready to go into our lunchtime no trade zone to the downside, and yet this particular trade, even though it was a countertrend trade, was good for 2 ticks and 4 ticks to the long side. And that’s, you’ve got to wait for all indicators to line up.
Going into the no trade zone from 11:30 to 1:15 Eastern Standard Time. There’s a period of higher volatility. In this particular case we actually had higher volume. We don’t trade during that time frame. Coming out of the no trade zone, I had gotten back to my desk a little bit late here. Trades had fired off. An auto wave went off long, and ended up profitable, hitting both targets. And then an actual wave trade went off, hitting both targets. But I missed those trades so I colored them in yellow.
I’m using this for an example. And then going on into the afternoon, we stayed above our moving averages. Worked our way through the moving average to the downside. An opportunity to get short. In the room I had said where the entry was. We would have gotten our first target off and got stopped out for 2 ticks. I got a late fill and as a result got run over. I took a total of 16 tick loss on that.
Going into the afternoon again, I don’t generally trade from 2:30 to 3:30. It’s a period of a lot of sideways motion. And in this event another nice trade setup to the downside. I did not get filled on that one. Going into the close, another trade to the downside, setup. First and second target were hit. I did not take the trade, it’s in yellow. This is for Shark Den members to see where they may have materialized on their trades for the day. And that was it for the rest of the day. A lot of our market internals were going flat, telling us not to get into any trades. So I avoided any further challenges into the afternoon. So for the day we had a total of five trades. We ended up the day minus 9 ticks.
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.