Learn to Day-Trade the Emini S&P Futures

SOH – Trading Video – Feb 12, 2013

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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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, February 12, 2013.
The market opened up at 1513.50 represented by this white dotted line. We generally don’t trade that first 15 minutes of the day. It’s just a period of higher volatility, lower volume. Coming out of the no trade zone, there was a nice opportunity to get long right here at about 9:58. It’s colored in yellow because I did not take it. So we went through and we did the trade setup and I did show that it would have been a nice entry, but we were still in our opening range.
And with that opening range being said, we really are in a period of sitting on our hands and waiting just primarily because we’re at the highs of the year and, again, we don’t know who has the heavier balance, the buyers or the sellers at this point. So we’re really doing a lot of watching our market internals, and we have one specific indicator that keeps us on the sidelines. And when that thing is below its threshold we don’t do a thing.
And this is pretty much the way we were most of the day today. The market stayed around the moving average.
We did have another opportunity to get short. Pretty much talked about this in the room. Didn’t even get filled. It barely made T1 and T2 and then reversed again, so we were seeing nothing but pure chop, you can tell by the sideways motion.
Another opportunity to get long here. Again, this is an opportunity I did not take. Notice we have an auto wave kicking in down here at just about 11:00. And then we went into a no trade zone. Well I don’t trade from 11:30 until about 1:15. It’s considered a period of higher volatility and lower volume, but there are trade setups that are occurring. Now we have traders in the room that do trade this timeframe. I just do not for specific reasons. And if nothing else you need to give yourself a break, so you’re not sitting in front of the computer all day. But, this may be an opportunity with us being stuck in this range bound area, at least until any news reports are able to push this market one way or the other.
We came out of the no trade zone at about 1:15. And there still really was no opportunity. We broke through the moving average. Nice little pullback here for an opportunity here to get short. I did not take this trade either. I literally had no trades today. And watch this thing go sideways right into the close. Some days you’re going to have where you have zero trades. And today is one of them.
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 we’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.