Emini Trading & Video for August 29
The volatility slowed down a bit today as we opened up strong and choppy. Not much conviction at all. Probably because of a few things:
1) Existing home sales report at 10 (came back -1.3%)
2) low volume due to Hurricane Irene and
3) We were just above the 1190 level on the September ES Contract.
Normally during sideways action we grab EET trades. We did just that – and lost about 1 point. We gained some upward traction and went right into a Pullback setup and recovered it all! We followed up with 3 winning EET trades to finish us up by 9:50 AM eastern!
Not too shabby of a day emini trading!
Cheers!
ETS
Nice Recover Trading Today — August 29, 2011
Emini Trading Course — Trading for Daily Income
