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Day Trading Futures 101 & Futures Levels 4.15.2015

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

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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 Wednesday April 15, 2015

Hello Traders,

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

Hello Traders,

Day Trading 101: Tight Stops? Wide Stops? Which one should I Use?

Today I decided to touch more on an educational feature rather than provide a certain market outlook.

Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.

Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.

Entry signals are very important but just as important if not more is trade management.

Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between.

Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?

– See more at: http://experts.forexmagnates.com/day-trading-101-tight-stops-wide-stops-which-one-should-i-use/#sthash.tbr5ULZG.dpuf

 

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 June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2113.25 4464.00 18204 1281.37 101.22
Resistance 2 2103.00 4439.25 18101 1273.93 100.60
Resistance 1 2096.25 4416.25 18029 1268.17 99.81
Pivot 2086.00 4391.50 17926 1260.73 99.19
Support 1 2079.25 4368.50 17854 1254.97 98.40
Support 2 2069.00 4343.75 17751 1247.53 97.78
Support 3 2062.25 4320.75 17679 1241.77 96.99
Contract June Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1219.0 16.74 55.89 167 14/32 1.0914
Resistance 2 1210.1 16.54 54.80 166 20/32 1.0816
Resistance 1 1201.2 16.35 54.00 165 17/32 1.0736
Pivot 1192.3 16.15 52.91 164 23/32 1.0638
Support 1 1183.4 15.97 52.11 163 20/32 1.0558
Support 2 1174.5 15.77 51.02 162 26/32 1.0460
Support 3 1165.6 15.58 50.22 161 23/32 1.0380
Contract May Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 377.8 497.0 970.50 320.83 2.60
Resistance 2 376.2 497.0 965.75 317.47 2.58
Resistance 1 374.8 497.0 963.00 315.53 2.55
Pivot 373.2 497.0 958.25 312.17 2.53
Support 1 371.8 497.0 955.5 310.2 2.5
Support 2 370.2 497.0 950.75 306.87 2.48
Support 3 368.8 497.0 948.00 304.93 2.45
5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:22pm Currency Impact Detail Actual Forecast Previous Graph
WedApr 15  2:00am EUR German Final CPI m/m 0.5% 0.5%
2:45am EUR French CPI m/m 0.7% 0.7%
Jan Data EUR Trade Balance 21.9B 23.3B
5:00am EUR Trade Balance 21.2B
Tentative EUR German 10-y Bond Auction 0.25|2.4
7:45am EUR Minimum Bid Rate 0.05% 0.05%
8:30am EUR ECB Press Conference
USD Empire State Manufacturing Index 7.2 6.9
9:15am USD Capacity Utilization Rate 78.7% 78.9%
USD Industrial Production m/m -0.3% 0.1%
10:00am USD NAHB Housing Market Index 55 53
10:30am USD Crude Oil Inventories 3.5M 10.9M
2:00pm USD Beige Book
4:00pm USD TIC Long-Term Purchases 40.0B -27.2B
7:30pm USD FOMC Member Lacker 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.

 

Tags: > > > > Posted in: Day Trading   | Futures Trading   | futures trading education  

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