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Day Trading Tips and Tricks 1.20.2016

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 January 20, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Greetings!

Few pointers for you day-traders out there. I am sure you have heard some from different resources but never hurts to read and absorb this again:

1. Be patient
2. Limit the number of hours you trade
3. Know your DAILY risk before the day begins and this will dictate
the number of contracts you trade
4. Choose markets with high liquidity
5. Know what reports come out every day and their impact on the markets.
6. Understand that even the best methods will have losing days.
7. Learn to accept loses
8. Use RISK CAPITAL only
9. Don’t try to trade and do other things
10. Educate yourself
11. Keep a trading journal

Would you like a free trial for different trading indicators in real time?

https://www.cannontrading.com/tools/intraday-futures-trading-signals 

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan,visit our broker assist services.

 

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.

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

Futures Trading Levels

Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 1952.33 4329.42 16533 1054.83 99.86
Resistance 2 1929.92 4272.58 16361 1038.17 99.63
Resistance 1 1901.08 4204.92 16139 1013.93 99.39
Pivot 1878.67 4148.08 15967 997.27 99.15
Support 1 1849.83 4080.42 15745 973.03 98.91
Support 2 1827.42 4023.58 15573 956.37 98.68
Support 3 1798.58 3955.92 15351 932.13 98.44
Contract Feb. Gold March Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1106.0 14.54 32.77 161 1/32 1.1040
Resistance 2 1100.3 14.36 32.07 160 11/32 1.0997
Resistance 1 1093.6 14.19 30.76 159 22/32 1.0961
Pivot 1087.9 14.02 30.06 159 1.0918
Support 1 1081.2 13.85 28.75 158 11/32 1.0881
Support 2 1075.5 13.67 28.05 157 21/32 1.0838
Support 3 1068.8 13.50 26.74 157 1.0802
Contract Mar. Corn Mar. Wheat Mar Beans Mar. SoyMeal Feb. Nat Gas
Resistance 3 375.7 487.3 893.33 276.40 2.28
Resistance 2 372.6 483.2 890.17 274.90 2.23
Resistance 1 370.2 478.8 886.83 273.10 2.16
Pivot 367.1 474.7 883.67 271.60 2.10
Support 1 364.7 470.3 880.3 269.8 2.0
Support 2 361.6 466.2 877.17 268.30 1.98
Support 3 359.2 461.8 873.83 266.50 1.91
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:23pm Currency Impact Detail Actual Forecast Previous Graph
WedJan 20  2:00am EUR German PPI m/m -0.3% -0.2%
Day 1 ALL WEF Annual Meetings
8:30am USD Building Permits 1.20M 1.28M
USD CPI m/m 0.0% 0.0%
USD Core CPI m/m 0.2% 0.2%
USD Housing Starts 1.19M 1.17M
10:30am USD Crude Oil Inventories 3.3M 0.2M

 

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.

 

Tags: > > Posted in: Future Trading News  

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