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 Monday, October 22nd, 2012.
The market opened up this morning here at 1425.75. There’s a Shark band right there in the center. Our opening range we had about a 3.25 point opening range, which was narrow enough to think we were going to have some type of breakout one way or another. We had a little bit of a head fake to the downside. Worked its way back up into the opening range. Little bit of a head fake to the upside. No trades at this point. And right back into the opening range.
No trades all the way up until about 11:15 or so. We did have a nice hook pattern setup. An opportunity to get short. Target 1 and target 2 were hit. If you held on for the hook pattern target you were a little bit shy of getting that. Had to wait a little longer. And right into the no trade zone, about 2 hours into the no trade zone you would have gotten that pattern filled.
Another nice clean hook pattern. Again this occurred during the no trade zone for an opportunity to get short. We don’t trade during the no trade zones, but I want you to see the patterns anyways. Found support on the Shark band. Nice rebound off of the bottom. Break of a significant level. Shark Attack trade. Target 1 and target 2 hit. In this particular case I think I got in around 1422. I held this one on for a total of 3 points, 12 ticks.
And a special congratulations to Cliff. I think he, he beat me by almost doubling me today. He ran 6 points just on this one trade in itself. It was a fantastic into the close timeframe to trade. As a quick reminder, you know, your best time to trade is 9:30 to 11:30 Eastern Standard Time and then that last half hour into the close. Usually about 20 minutes from about 3:30 until about 3:50.
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.