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Teach Talk Trade S&P Futures E-mini Day Trading & Technical Analysis

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E-Mini S&P Futures Day Trading 12/15/08

December 15th, 2008 by Uncle Mike

Day Trading the S&P emini futuresThe S&P E Mini Futures contract was neutral today posting a spinning top. After a fairlly neutral day on friday with a spinning top posted the market is undecided.  We closed right at the 50% retracement level The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

Today the record was 4-1 in called trades. Trading 3 contracts, one would have had a profit of $1,150.00 following the trade management.  There was a trend trade that went for 10 points, and we took off 2 contracts at 5 points and had a runner for 5 additional points. 

Trend Trades - 3-1
Scale in Trades - 0-0
Counter Trend Trades - 0-0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.  We just had an exit signal on CELG for a profit of $3.30/share.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.

I have a new software product for Tradestation users, Tradestation Indicator ddon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

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Posted on Monday, December 15th, 2008 at 5:01 pm In
E mini, Tradestation, Day Trading  

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