Trading Levels and Economic Reports for March 26, 2013

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday March 26, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The mental part of trading and especially day-trading is so big!….
So many ways one can make a mistake.

Here are just a few…

Doubling down
Revenge trading
Not placing a stop when you normally do
Setting up daily target profits and daily loss limits and then not following it….

and the list goes on and on.

I think the biggest battle, once one has a method he or she feels comfortable and confident with is to follow one of the simplest, oldest rules in our business:

“Plan your trade, trade your plan”

On a different note, Happy Passover !

Also please like us on Facebook!!

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.

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

All times are Eastern time Zone (EST)

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 herein 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