Author: Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday July 12, 2013

Hello Traders,

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

Thought of the day for you….

Many ways to lose money….very few ways to make money.

1. Have a high winning ratio, allow for bigger stops but the higher winning ratio hopefully translates into higher average winning trades than the average losing trades

2. Have more losers than winners but let winners run in order to have quite a bit larger average winners than average losers.

3. Make sure that when it all said and done the math makes sense….if its on a daily basis, weekly or monthly – as a trader you need to set parameters for targets, stops NOT just on per trade basis but on a daily basis, weekly basis etc.

I wrote a good article about this subject called survivor daytrader. If you like a copy, please email me with the following:

Name:

Email:

Client: yes or no

Current trading software:

And I will be happy to email you the PDF file.

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 11, 2013

Hello Traders,

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

SP 500 still trying to decide which way to go and maybe by the time you read this email , it already decided as Bernanke is scheduled to speak any minute.

Daily chart for your review below.

Continue reading “Futures Trading Levels and Economic Reports for July 11, 2013”

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 10, 2013

Hello Traders,

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

 Some big moves took place while I was away. The two that are of most interest to me, are the stock index and crude oil futures.

Stocks had an impressive rebound following the Nikkei foot steps.

The market is now against strong resistance levels and it will be interesting to see if we can break above 1656 followed by 1680 or if the selling pressure will resume. My longer term outlook is for lower prices but I will let price action show me which side of the market has better probabilities.

Daily chart of the mini SP for your review below:

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Futures Trading Levels

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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

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday July 9, 2013

Hello Traders,

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