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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 for 12/03/08

December 4th, 2008 by Uncle Mike

The S&P E Mini Futures contract was up today. After a strong up day yesterday we did most of the work between the 50% 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.  It was a tough day since there were wide fluctuations and  sideways action for most of the day.  One would have needed 4-5 point stops to sustain the quick retracements intra candle.

The Daily Swing Trades have not been triggered today.

Today the record in the day trading chat room was 4-1 in called trades. Trading 3 contracts, one would have had a profit of $250.00 following my trade management.

Trend Trades - 1-1
Scale in Trades - 1-0
Counter Trend Trades - 2-0

 We had a new stock pick today and I showed how we can make 100% on a 120 year old company. For picks like this subscribe to my Swing Trading Service. 

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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Posted on Thursday, December 4th, 2008 at 8:07 am In
E mini, Day Trading  

4 Responses to “E-Mini S&P Futures Day Trading for 12/03/08”

  1. E-Mini S&P Futures Day Trading for 12/03/08 | Teach Talk Trade S&P … Says:
    December 4th, 2008 at 8:41 am

    […] The S&P E Mini Futures contract was up today. After a strong up day yesterday we did most of the work between the 50% and … More here […]

  2. E-Mini S&P Futures Day Trading for 12/03/08 | Teach Talk Trade S&P … | forexaud.com Says:
    December 4th, 2008 at 11:49 am

    […] Read more […]

  3. E-Mini S&P Futures Day Trading for 12/03/08 | Teach Talk Trade S&P … | forexintraday.com Says:
    December 4th, 2008 at 12:01 pm

    […] The rest is […]

  4. E-Mini S&P Futures Day Trading for 12/03/08 | Teach Talk Trade S&P … | forexrecommendation.com Says:
    December 4th, 2008 at 2:42 pm

    […] Read the original post […]

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