9 Key Trading Concepts by TradingEmini.com

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Levels & Economic Reports 3.25.2014

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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 March 25, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Day-Trading Emini Index Futures – 9 Key Trading Concepts by TradingEmini.com

Tradingemini.com’s 9 Rules to help keep you in the 10% winning club Vs 90% of traders who lose money.

Trading is inherently risky but by following eight fundamental money management rules you can keep your capital safer while building your trading experience.

1. Look for high volume markets with a thin spread, so orders are filled quickly and it has high volatility, so there are opportunities for 2 to 4 good trades during the day. The Emini S&P500 Index Future is a good example of this type of market (Each point is worth $50, split into 4 ticks of $12.50 and there are 4 contracts a year, traded on the Chicago Mercantile Exchange).

2. Only risk 1% of your capital per trade, then your capital can absorb 100 consecutive bad trades. Even the best systems can expect 20% loosing trades, so the 1% rule gives you room to maneuver.

3. $10-$15k is the minimum recommended risk capital you should have per Emini S&P500 contract traded – then if you lose $1000-$1500 it only represents 10% of you capital, which is recoverable compared to a $3k account where the same loss equals 50% of your account, consequently you are more likely to lose the remainder of your capital rather than recover the loss.

4. Limit the hours you trade – we prefer the first 60-90 minutes, when typically there is a good trend before the lunch time chop – many professional traders trade this time period.

5. Limit the number of trades you make per day – 2-6 is good as the Emini usually has up to 3 trends per day and you should aim to catch 1-2 out of the 3. Overtrading racks up commission fees and increases the risk of revenge trading. A few ticks loss per trade quickly mounts up – 4 trades fired like a machine gun can easily become four losers, at 8 tick stops, that’s $400 loss, 4% of a $10k account. Patience is key, stalk trades.

6. On any one day stop trading when losses hit 5-10% of capital, which is recoverable, and indicates you are reading the market wrong, so stop, evaluate your errors and record them in your Trading Journal.

7. Keep a Trading Journal, listing all your trades, because over time the mind dismisses bad trades and habits. Include annotated charts, and notes about your emotions. Key things to note:

– are you trading your account not the charts, taking desperate trades having made a couple of losers, rather than treating each trade uniquely.

– are you taking negligible signals because you have missed a good move, resulting in chasing a trade, which you are stopped out of on a minor retrace, or you opt for a counter trend trade, purely on the thought “it can’t possibly go any higher”.

8. Base your stop loss and target strategically from the charts, not an arbitrary number of points. For example use price levels at double tops, swing highs and lows, or pull backs to moving averages. Then you can place tighter stops and take higher profit to risk ratio trades, keeping your focus on the chart, trading what you see not what you want to see, think or feel.

9. Be patient between one EMA, or pivot, to the next. This is one of the hardest things to master. To help, trade at least 2 contracts, keeping 1 for 2-3pts, whatever your first target is, and then let a runner go with a breakeven stop. If it goes your way you add gravy to the first. One good runner is hard to beat with lots of scalps.




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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.

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Futures Trading Levels

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1887.83 3735.17 16457 1221.07 80.91
Resistance 2 1876.92 3696.08 16380 1207.43 80.68
Resistance 1 1863.08 3653.67 16288 1190.27 80.36
Pivot 1852.17 3614.58 16211 1176.63 80.13
Support 1 1838.33 3572.17 16119 1159.47 79.81
Support 2 1827.42 3533.08 16042 1145.83 79.58
Support 3 1813.58 3490.67 15950 1128.67 79.26
Contract Apr. Gold May Silver May Crude Oil June Bonds  Mar. Euro
Resistance 3 1354.9 2061.5 101.34 134 19/32 1.4006
Resistance 2 1345.3 2046.5 100.82 133 31/32 1.3941
Resistance 1 1327.7 2022.0 100.10 133 19/32 1.3889
Pivot 1318.1 2007.0 99.58 132 31/32 1.3824
Support 1 1300.5 1982.5 98.86 132 19/32 1.3772
Support 2 1290.9 1967.5 98.34 131 31/32 1.3707
Support 3 1273.3 1943.0 97.62 131 19/32 1.3655
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 499.6 729.8 1445.67 484.90 41.43
Resistance 2 495.2 722.2 1435.83 475.60 41.29
Resistance 1 492.6 718.3 1430.67 468.80 41.07
Pivot 488.2 710.7 1420.83 459.50 40.93
Support 1 485.6 706.8 1415.7 452.7 40.7
Support 2 481.2 699.2 1405.83 443.40 40.57
Support 3 478.6 695.3 1400.67 436.60 40.35
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:35pm Currency Impact Detail Actual Forecast Previous Graph
TueMar 25  5:00am EUR German Ifo Business Climate 110.9 111.3
9:00am USD S&P/CS Composite-20 HPI y/y 13.3% 13.4%
USD HPI m/m 0.7% 0.8%
10:00am USD CB Consumer Confidence 78.7 78.1
USD New Home Sales 447K 468K
USD Richmond Manufacturing Index -1 -6
7:00pm USD FOMC Member Plosser 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

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