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Futures Day Trading Pointers & Futures Levels 2.11.2015

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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 Tuesday February 10, 2015

Hello Traders,

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

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
  4. the number of contracts you trade
  5. Choose markets with high liquidity. Try to follow more than one market for diversification.
  6.   Know what reports come out every day and their impact on the markets
  7.   Understand that even the best methods will have losing days
  8.   Learn to accept loses
  9.   use RISK CAPITAL only
  10.   Don’t try to trade and do other things at the same time….
  11.   Educate yourself
  12.   Keep a trading journal
  13.   Evolve, be flexible.

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 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2098.17 4376.33 18036 1225.10 95.61
Resistance 2 2082.33 4330.17 17934 1214.60 95.30
Resistance 1 2072.17 4303.33 17863 1206.90 95.08
Pivot 2056.33 4257.17 17761 1196.40 94.77
Support 1 2046.17 4230.33 17690 1188.70 94.55
Support 2 2030.33 4184.17 17588 1178.20 94.24
Support 3 2020.17 4157.33 17517 1170.50 94.02
Contract Apr. Gold Mar.Silver March Crude Oil Mar. Bonds March   Euro
Resistance 3 1258.2 17.47 54.96 148 1.1423
Resistance 2 1252.0 17.28 53.80 147 21/32 1.1387
Resistance 1 1242.9 17.09 52.17 147 8/32 1.1350
Pivot 1236.7 16.90 51.01 146 29/32 1.1314
Support 1 1227.6 16.71 49.38 146 16/32 1.1277
Support 2 1221.4 16.52 48.22 146 5/32 1.1241
Support 3 1212.3 16.33 46.59 145 24/32 1.1204
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 395.4 528.2 986.17 337.93 32.03
Resistance 2 392.8 526.6 982.33 335.37 31.86
Resistance 1 390.4 524.2 975.67 331.13 31.65
Pivot 387.8 522.6 971.83 328.57 31.48
Support 1 385.4 520.2 965.2 324.3 31.3
Support 2 382.8 518.6 961.33 321.77 31.10
Support 3 380.4 516.2 954.67 317.53 30.89
5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:07pm Currency Impact Detail Actual Forecast Previous Graph
WedFeb 11 All Day EUR Eurogroup Meetings
 10:30am USD Crude Oil Inventories 3.7M 6.3M
1:01pm USD 10-y Bond Auction 1.93|2.6
2:00pm USD Federal Budget Balance -2.6B 1.9B

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   | Future Trading News   | Futures Trading  

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