Futures Trading Levels and Mental Tips for October 29th 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
To be honest I don’t have any feel for the medium term outlook of stock indices.
I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP.
We do have some reports tomorrow and it is the last trading day of the month so we should see some interesting price action.
As far as “mental tip”: keep reminding yourself that the hardest battle for a trader is waiting, patience and fighting ones own demons that normally appear when losing trades happen. Try to be among the tough ones who can control the negative emotions losing trades bring out and your trading will progress.
GOOD TRADING!
TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Friday, October 29th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
GDP
8:30 AM ET
Employment Cost Index
8:30 AM ET
Chicago PMI
9:45 AM ET
Consumer Sentiment
9:55 AM ET
Farm Prices
3:00 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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!
