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Futures Day Trader’s Check list 2.23.2017

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Heads up: Front month for energies is now April. Both crude oil and Natural gas numbers are out tomorrow. Check reports section below.

Day Trader’s Checklist:

  1. Review your statement from the prior trading day.
  2. Know what reports due for release and at what time.
  3. Know previous day’s high/low/close. Mark them on chart.
  4. Mark your support and resistance levels.
  5. Take a look at longer-term time frames.  Is the market you’re trading in a strong bias/trend?
  6. Plan your trade’s parameters ahead of time.  Know your position size limits, your loss limits, your profit targets.
  7. Print/ save a record of your trades at the end of the day.  Check for any “left over” open orders.
  8. Write down what you need to in your trading journal.

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

Levels for Trade Date of 02.23.2017

Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2372.92 5377.67 20871 1419.90 102.10
Resistance 2 2368.33 5366.58 20814 1415.10 101.91
Resistance 1 2364.42 5358.42 20781 1409.10 101.54
Pivot 2359.83 5347.33 20724 1404.30 101.35
Support 1 2355.92 5339.17 20691 1398.30 100.98
Support 2 2351.33 5328.08 20634 1393.50 100.79
Support 3 2347.42 5319.92 20601 1387.50 100.42
Contract Apr. Gold March Silver April Crude Oil Mar.  Bonds March  Euro
Resistance 3 1254.4 18.21 55.60 153 21/32 1.0686
Resistance 2 1248.1 18.13 55.10 152 30/32 1.0634
Resistance 1 1244.0 18.08 54.35 152  7/32 1.0606
Pivot 1237.7 17.99 53.85 151 16/32 1.0554
Support 1 1233.6 17.94 53.10 150 25/32 1.0526
Support 2 1227.3 17.86 52.60 150  2/32 1.0474
Support 3 1223.2 17.81 51.85 149 11/32 1.0446
Contract March  Corn March Wheat Mar. Beans March SoyMeal April Nat Gas
Resistance 3 376.3 452.2 1038.42 340.83 2.88
Resistance 2 374.5 447.6 1035.08 339.47 2.82
Resistance 1 372.8 444.4 1028.92 337.23 2.77
Pivot 371.0 439.8 1025.58 335.87 2.70
Support 1 369.3 436.7 1019.4 333.6 2.7
Support 2 367.5 432.1 1016.08 332.27 2.59
Support 3 365.8 428.9 1009.92 330.03 2.54

All times are Eastern time Zone (EST)

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

Date 3:31pm Currency Impact Detail Actual Forecast Previous Graph
ThuFeb 23  2:00am EUR
German Final GDP q/q
0.4% 0.4%
EUR
GfK German Consumer Climate
10.3 10.2
4:00am EUR
Italian Retail Sales m/m
0.2% -0.7%
Tentative GBP
10-y Bond Auction
1.45|2.3
6:00am GBP
CBI Realized Sales
5 -8
8:30am USD
Unemployment Claims
242K 239K
9:00am USD
HPI m/m
0.4% 0.5%
10:30am USD
Natural Gas Storage
-86B -114B
11:00am USD
Crude Oil Inventories
3.4M 9.5M
1:00pm USD
FOMC Member Kaplan 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 judgement in trading.

Tags: Posted in: Future Trading News  

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