Learn to Day-Trade the Emini S&P Futures

Tidal Wave Trade – Nov 1, 2012

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 and the Euro futures. Our thoughts and prayers still continue to go out to the victims of Hurricane Sandy in the northeast section of the United States. Obviously the market was closed down on Monday and Tuesday of this week.
Yesterday we monitored the markets, trading only 1 contract a few scalps, but for the most part it is very difficult for us to get a grasp as to the market, primarily due to the lack of numbers from Monday and Tuesday. With that being said today we had some good solid numbers. The market gapped up by over 8 points. And from that period the opening price here on November 1st, 2012 is 1410.25 represented by this white dotted line.
Now when we gap up by that many points we do what’s called a tidal wave trade. And we’re only trading with 1 contract. We are looking for reasons to get into a trade long. And in this particular case we don’t trade from 9:30 until 9:45. It’s a period of higher volatility and we wait for the market to set up in our favor once we get outside that no trade zone.
An opportunity to get long yielded 22 ticks on this particular trade here at about 9:46. Now as we scaled out or scaled in we added additional contracts. Up here at about a little after 10:00 we added one more contract for 12 ticks. And then another contract in here at around 10:11. Now some of our profit targets, each one of these trades we use 1 contract only. So if you traded more than 1 contract you obviously yield a little bit higher results.
Price action remained above the moving average and as a result we continued to watch minor pullbacks. And we then had an opportunity to get in short below the moving average right here at about 11:25 or so. Took a loss for 4 ticks on that particular trade. Again, only using 1 contact.
Coming out of the no trade zone from 11:30 to 1:15 Eastern Standard Time we had another opportunity to get short. I used 2 contracts on this particular trade with a target of 4 ticks. So we had a total of 8 ticks with 2 contracts. And then coming up through the moving average for a continuation to the downside based on our auto wave trade. Total of 6 ticks. Two ticks for 1 contract. 4 ticks for the other contract. And that was it for the day. We had no trades in the Euro this morning.
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 I’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.