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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 12/17/08

December 17th, 2008 by Uncle Mike

The S&P E Mini Futures contract was down today. After a strong up day yesterday we did most of the work between the 100% and 61.8% retracement level closing above the 61.8% 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, a swing trade was triggered yesterday late and holding overnight with a trailing stop one would have had a 10-20 point gain!

Today the record was 6-1 in called trades. Trading 3 contracts, one would have had a profit of $950.00 following my trade management.  See video below for a few of the trend trades.

Trend Trades - 4-1
Scale in Trades - 1-0
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.

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 Addon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

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icon for podpress  Day Trading chat room, trade the E-mini for a living: Play Now | Play in Popup | Download (223)
Posted on Wednesday, December 17th, 2008 at 5:00 pm In
E mini, Tradestation, Day Trading  

One Response to “E-Mini S&P Futures Day Trading 12/17/08”

  1. Swing Trading » E-Mini S&P Futures Day Trading 12/17/08 Says:
    December 17th, 2008 at 5:33 pm

    […] the rest of this great post here […]

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