hello traders its a samurai trade here I'm in the market on a t25 at the moment
now my target is two ticks below the low of the day so we can see the low of a
day down here I'm fairly confident we'll punch through but we do have a fair
amount it or we'll have a fair amount of resistance in my opinion down around
about this level here so I'm targeting 750 per 10 month or six ticks I've actually
short 20 contracts now I entered the market let me just try to mark this up
for you up here on it's not printing for some reason i'll come back to that i
shored it up here on a t25 here now we can see we're now within one tick of
being filled I'm actually going to pull my stop which was actually I hadn't
adjusted this is the thing when you're talking and trying to trade so I've
actually pulled my stuff down to plus 1 and and the reason I'm the plus one is I
mentioned we are at the law of the day and I'm not willing to lose on this
trade so one more ticket come on ideally you want to see it go through two ticks
any guaranteed to be filled particularly when you're short 20 contracts so 20
contracts is $15,0000 now the after-hours market it is 715 exchange time here can
be a great market so for my colleagues I get home from work in New York and LA
now's a great time time I should say to the doing some active trader feel there
we go so filled on all 20 contracts there and so that was a very very nice
trade so we've had a great trading morning of course we had some major
announcements on the FMO what is it FO MC announcement of course or interest
rates rising the market went absolutely crazy and what I will do it to show you
a couple of quick scalps why mainly trade as most of you know I
trade the NQ but just why I'm on the ES so i'll show you a couple of quick
scalps okay so what we're looking at here is the ES 1000 share bar now
remembering of course that we've rolled over contract wise now i had a number
traders had some major trading challenges a couple of days ago the
candles were 3 3 points in length so good twelve ticks and reason being i had
enrolled their contracts over so just be aware of course that we're now in the
March 2016 contract so just up here we had two classic t1's they're
remembering this is the first trade after a t20 so these are t20 there you
could have entered done on this t20 but you would have had a quite large stop or
if you wait for what I call a t21 now t20-1 is the first trade after
we have our cross over here now we jumped out on this one a little early
now number one I was only fueled see the nine figures areas only filled on nine
contracts the market ran away I went in on the limit order so the market rent
very quickly and if I remember correctly that was only five ticks so it was about
1029 dollars for some reason after brokerage so both of these trades i
should say so I then had my target just above this 89 because we see 89 bounces
all the time and you can actually see we bounced up then we bounced off for 34
EMA and I had a a t1 entry there and I got in on a 34b actually there that was
good for 6 ticks which this is a going back a few hours ago so this is 2 pm.
exchange time so that was a couple of really nice es trades I wanted to keep
this video short so i won't go across to NQ but we had a fantastic trading day
with the I'm a day trader setups so just getting back to trading here we can see
that after hours and let me remove this zero
lag no no just so you can see he we had some beautiful 200 bounces that you had
a 34 bounce there so after hours is some great trading opportunities and
particularly here row in short two lots remember if you're going to place
multiple trades this remember to stay within your risk parameters I was very
confident of and I won't go into all the reasons why but this is going to punch
through hence I traded two lots so let me put this back on hold and we'll see
what else we find trade is my wife system for me yet we've got to go
Christmas shopping it's the it's the 17th of the same bow right where I am
down under and so my wife wants to go ahead and spend some money on the kids
so very quickly wet before I rep this some video up I just want to quickly
cover something I mentioned earlier which is why it's fresh on my mind read the
rollover dates the rollover dates play a very very important part of trading and
it could mean some big losses if you don't deal correctly so you just want to
show you something here first of all I hadn't mentioned the risk of course my
standard risk disclaimer if you haven't already subscribed to my youtube channel
please do I mean you'll get to see this this this claim is every video but of
course very important to have a very sound understanding of the market so
quick facts about rollover date because where I see traders it hit badly is
where they continue to trade the wrong contract after all over even though
eventually it totally expires but what happens is you've got a lot less volume
and you get much bigger candles which means bigger stops and a whole lot of
other issues so I want you to study this slide that I've got heavy before you if
you're not familiar with rollover dates for example with crude oil it's every
month with the ES NQ YM it's of course quarterly get to
the stand if you're a newer trader and even if your perhaps you're an experienced
trader and you're a bit rusty on this exactly how rollover dates work because
it can really affect your trading now even though one Mike I remember where I
got this little chart from it really illustrates quite well that we can see
here that the second thursday of the rollover month ok the other contract the
starts trading and of course then finally it expires and this can be in
this little period here is where you can be badly hurt as the volume dries up on
the previous contract on the december contract and rolls over into the march
in this particular case 2016 contract you really want to keep an eye on that
so if you haven't already obtained my ebook please go to my website if you've
got any questions that all about trading please feel free to drop me an email at
trader at I'madaytrader.com or visit my website to find out more about the
day traders fast-track program once again i don't have the fanciest website
but hey I'm a day trader that's my main business is day trading and researching
the money markets so overall even though it was a FOMC day fantastic trading here
is a quick snap a quick trade done after the markets closed now where we are
right now by the way this is the low I of the Globex market so far so what
we've got setting up if his candle closes here this will be a t25 setup we
are at below but if you look though and look at that there we've seen a real
punch through now of course now that would have been virtually impossible you
just just move too quickly unless you had a limit order there so up there just
as a recap as we wrap up 200 bounce 200 bounce it was a t25 there I got in on
this t25 you had another t25 set up here and a 34 bounce so trade is a fantastic
trading day drop us an email if you've got any questions or even better still
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program Thank You traders see you on the next video once again send me those
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