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Trading Futures Spreads & Options, Reports & Levels 8.22.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

 

Most of the time I write about day trading, psychology of day trading, techniques etc. but I must say that day-trading is only one way of trading futures.

Over the years I have been exposed and used the following techniques / methods in trading:
buying options
selling options
using options spreads
swing trading using futures
position trading using futures and options
break out trading
and of course day-trading….

All methods can lose money, make money and in between. Some carry higher degree of risk than others, some have better probability of success but losses can be significant….The bottom line is each trader is different and may find a method that he/she feels more comfortable with. I actually wrote an article for SFO magazine a few years back about this subject, called “trading for your blood type” ( email me for a copy if you like).

One method I like for trading futures that can be applied both for day-trading but usually more common for swing/longer term trading is futures spreads. My colleague here at Cannon, Mark O’Brien wrote a good article about it last year which you can access at:

https://www.cannontrading.com/community/trading-futures-spreads

 

GOOD TRADING !

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

 

 

Futures Trading Levels

Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2005.17 4068.42 17178 1179.37 82.63
Resistance 2 1998.58 4058.33 17114 1169.53 82.52
Resistance 1 1993.92 4052.92 17067 1163.47 82.37
Pivot 1987.33 4042.83 17003 1153.63 82.26
Support 1 1982.67 4037.42 16956 1147.57 82.11
Support 2 1976.08 4027.33 16892 1137.73 82.00
Support 3 1971.42 4021.92 16845 1131.67 81.85
Contract December Gold Sept.Silver Oct. Crude Oil September Bonds Sept. Euro
Resistance 3 1307.3 19.7 96.75 141 6/32 1.3347
Resistance 2 1299.6 19.6 95.60 140 24/32 1.3319
Resistance 1 1288.7 19.5 94.80 140 13/32 1.3300
Pivot 1281.0 19.4 93.65 139 31/32 1.3272
Support 1 1270.1 19.3 92.85 139 20/32 1.3253
Support 2 1262.4 19.2 91.70 139 6/32 1.3225
Support 3 1251.5 19.1 90.90 138 27/32 1.3206
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 374.6 558.0 1049.92 353.50 34.05
Resistance 2 373.2 557.0 1047.08 350.90 33.85
Resistance 1 371.1 556.3 1042.67 348.70 33.48
Pivot 369.7 555.3 1039.83 346.10 33.28
Support 1 367.6 554.5 1035.4 343.9 32.9
Support 2 366.2 553.5 1032.58 341.30 32.71
Support 3 364.1 552.8 1028.17 339.10 32.34
Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 22  8:30am CAD Core CPI m/m 0.1% -0.1%
CAD Core Retail Sales m/m 0.4% 0.1%
CAD CPI m/m -0.1% 0.1%
CAD Retail Sales m/m 0.3% 0.7%
10:00am USD Fed Chair Yellen Speaks
Day 2 ALL Jackson Hole Symposium
2:30pm EUR ECB President Draghi Speaks

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

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