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Futures Trading Reminders & Trading Levels & Economic Reports 11.19.2013

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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 November 19, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

A few “post it” to put around your trading station/ trading area:

  1.  Not one trade or one trading day will determine your success. It is the next 1000 trades. ( make sure you survive to take the next 1000 trades!)
  2. What separate the pros from the amateurs is the ability to accept losses, anticipate losses and know it is part of trading. most traders can do well when they are up or making money, very few can do it when they have a down day.
  3. Once you see you are down $XXX, you need to switch from offense to defense and start exiting positions and managing the trade NOT by adding positions.
  4. You are day trading but your progress is measured over the long run.
  5. Start writing a journal about the different reports and how the market reacted so you know which reports to avoid. This can also be a good way to evaluate yourself from the mental perspective as well as function as “cheat cheat notes” for the future.
  6. Start looking at trading as a business. Train your brain to look at trading from the outside rather that ” I am doing good or I am trading bad” everyone have losing days, its part of the market. Sometimes you can make all the right decisions and still be down.
  7. Set some goals: for each day, for each week, for each month. They should include profit target as well as maximum amount of $$ you are willing to risk on any given day. You are more successful if you hit loss limit, closed positions out than if you had a good day where you hit your target.
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 this Newsletter, feel free to forward to a friend!

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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 Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1810.75 3456.42 16075 1132.00 81.34
Resistance 2 1805.25 3441.08 16034 1125.80 81.15
Resistance 1 1795.75 3410.92 15976 1115.10 80.98
Pivot 1790.25 3395.58 15935 1108.90 80.79
Support 1 1780.75 3365.42 15877 1098.20 80.61
Support 2 1775.25 3350.08 15836 1092.00 80.42
Support 3 1765.75 3319.92 15778 1081.30 80.25
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1305.1 2121.0 95.52 134 11/32 1.3606
Resistance 2 1297.2 2100.5 94.91 133 25/32 1.3575
Resistance 1 1285.1 2070.0 93.94 133 16/32 1.3538
Pivot 1277.2 2049.5 93.33 132 30/32 1.3507
Support 1 1265.1 2019.0 92.36 132 21/32 1.3470
Support 2 1257.2 1998.5 91.75 132  3/32 1.3439
Support 3 1245.1 1968.0 90.78 131 26/32 1.3402
Contract Dec Corn March Wheat Jan .Beans Jan. SoyMeal Jan. bean Oil
Resistance 3 424.8 652.5 1297.50 423.57 40.86
Resistance 2 422.0 652.5 1293.50 417.63 40.72
Resistance 1 417.0 652.5 1290.50 414.07 40.55
Pivot 414.3 652.5 1286.50 408.13 40.41
Support 1 409.3 652.5 1283.5 404.6 40.2
Support 2 406.5 652.5 1279.50 398.63 40.10
Support 3 401.5 652.5 1276.50 395.07 39.93
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 19  5:00am EUR German ZEW Economic Sentiment 54.6 52.8
EUR ZEW Economic Sentiment 63.1 59.1
8:30am USD Employment Cost Index q/q 0.5% 0.5%
8:45am USD Treasury Sec Lew Speaks
10:00am USD FOMC Member Dudley Speaks
2:15pm USD FOMC Member Evans Speaks
3:00pm USD President Obama Speaks
7:00pm USD Fed Chairman Bernanke 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 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.

 

Tags: Posted in: Future Trading News   | Futures Trading  

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