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Futures Levels & Economic Reports 1.22.2015

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 Thursday January 22, 2015

Hello Traders,

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

ECB decision and verbiage in regards to Euro Zone QE will move the markets early tomorrow morning ( 7:30 AM central time). Be aware and be ready.

We got a sneak preview today when some reports came out in regards to this matter.

VOLATILITY is the keyword today and the last few weeks.
Personally I think this market has been harder to trade.
Do your homework. Review the charts over different time frames.
Do you need to adjust entry techniques? Do you need to use LESS leverage? Perhaps your stops needs to be adjusted based on volatility?

i am just throwing some ideas out there to help you think, research and hopefully implement and adapt to what I consider a different market for day trading than we have seen for most of 2014.

In between I am sharing with you my Crude Oil 18 tick range bar chart from today with some good and some not so good signals for your review:

CLE - Crude Light (Globex), Equalized Active Continuation : Range Bar, 18 Tick Units

CLE – Crude Light (Globex), Equalized Active Continuation : Range Bar, 18 Tick Units

Would you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts.  The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.

To start your free 3 weeks trial,  visit: http://levex.net/trading-algo/

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.  NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.  IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.  IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.  FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.  THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Our blog is nominated for the STAR award once again!

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Please vote for our blog at:

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Once there, scroll to the blog category and select

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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 2065.42 4282.42 17786 1187.80 94.48
Resistance 2 2049.08 4243.83 17661 1180.60 93.90
Resistance 1 2037.92 4214.17 17576 1172.10 93.51
Pivot 2021.58 4175.58 17451 1164.90 92.94
Support 1 2010.42 4145.92 17366 1156.40 92.55
Support 2 1994.08 4107.33 17241 1149.20 91.97
Support 3 1982.92 4077.67 17156 1140.70 91.58
Contract Feb. Gold Mar.Silver March Crude Oil Mar. Bonds March   Euro
Resistance 3 1328.1 19.07 49.95 151 30/32 1.1812
Resistance 2 1317.5 18.79 49.08 151 9/32 1.1750
Resistance 1 1305.7 18.48 48.30 150 5/32 1.1672
Pivot 1295.1 18.20 47.43 149 16/32 1.1610
Support 1 1283.3 17.89 46.65 148 12/32 1.1532
Support 2 1272.7 17.61 45.78 147 23/32 1.1470
Support 3 1260.9 17.30 45.00 146 19/32 1.1392
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 393.7 547.3 996.42 338.23 32.97
Resistance 2 391.8 544.9 991.83 334.97 32.83
Resistance 1 389.9 540.8 987.67 332.73 32.62
Pivot 388.1 538.4 983.08 329.47 32.48
Support 1 386.2 534.3 978.9 327.2 32.3
Support 2 384.3 531.9 974.33 323.97 32.13
Support 3 382.4 527.8 970.17 321.73 31.92
5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 22  3:00am EUR Spanish Unemployment Rate 23.6% 23.7%
4:00am GBP MPC Member Miles Speaks
Day 2 ALL WEF Annual Meetings
4:25am GBP MPC Member Fisher Speaks
4:30am GBP Public Sector Net Borrowing 9.2B 13.4B
5:00am EUR Italian Retail Sales m/m 0.1% 0.0%
6:00am GBP CBI Industrial Order Expectations 6 5
7:45am EUR Minimum Bid Rate 0.05% 0.05%
8:30am EUR ECB Press Conference
USD Unemployment Claims 301K 316K
9:00am USD HPI m/m 0.4% 0.6%
10:00am EUR Consumer Confidence -11 -11
10:30am USD Natural Gas Storage -231B -236B
11:00am USD Crude Oil Inventories 2.5M 5.4M

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: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading  

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