Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.
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:
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 |
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