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Teach Talk Trade Day Trading & Technical Analysis

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E-Mini Trading for 8/18/2008

August 18th, 2008 by Uncle Mike

E mini day tradingWell it was an interesting day to say the least.  Uncle Mike had noted the 1302 area to go short for a swing trade but saw a better risk/reward going long at 1292 and Mr Market kick me in the pants.  There was a long grinding market all day, low volume and starts and stops with no real good risk/reward places to join the trend or go counter trend.  We were stoped out on a  trade with only a 1 point loss, a break even trade, one tradw with a stop out with 2 points and 2 winning trades with a point and a point on 2/3rds and 3 points on a runner.

 The swing trade long was entered in at 1292 and by monitoring the trade we moved the stop up to 1290 so limited ourselves to a 2 point stop and then late in the day we went long on a swing trade at 1274.5 and either got 5 points or was stoped out on a traling stop for 3 points so not a great day but not bad either, just a frustrating day trading!

Please take advantage of the FREE Morning Call where Uncle Mike discusses Dow and & subscribe to my Swing Trading Subscription The Mechanical Monkey where we discuss our mechanical trades in ETF’s, E-Minis, NASDAQ & Solar and Alternative Energy issues.

Uncle Mike

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Posted on Monday, August 18th, 2008 at 2:59 pm In
Candlesticks, E mini, swing trading  

No Responses to “E-Mini Trading for 8/18/2008”

  1. iPhone News » Blog Archive » E-Mini Trading for 8/18/2008 Says:
    August 18th, 2008 at 3:21 pm

    […] Teach Talk Trade Blog placed an observative post today on E-Mini Trading for 8/18/2008Here’s a quick excerptE-Mini Trading for 8/18/2008 August 18th, 2008 by Uncle Mike Well it was an interesting day to say the least.  Uncle Mike had noted the 1302 area to go short for a swing trade but saw a better risk/reward going long at 1292 and Mr Market kick me in the pants.  There was a long grinding market all day, low volume and starts and stops with no real good risk/reward places to join the trend or go counter trend.  We were stoped out on a  trade with only a 1 point loss, a break even trade, one t […]

  2. Swing Trading » E-Mini Trading for 8/18/2008 Says:
    August 18th, 2008 at 5:52 pm

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

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