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Futures Trading Rules & Unemployment Reports 04.04.2014

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 Friday April 4, 2014


Hello Traders,

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

Today I must share an observation that may help many of you.

So many times as a broker I see clients who know how to make money… I see it in the daily statements, good winning %, consistent profits UNTIL….something happens. Either the client who is normally a day-trader decides to carry his/hers losing position and make it into a swing trade…..OR the trader is down and refuses to accept the fact it may be a losing day and decides to double down and get more aggressive because if this trade is a winner he will have another winning day….the examples go on and no I am not referring to anyone specific although many of you probably think I am talking about them.

I have done it before as a trader. It is the inability to accept a loss that creates this snow ball.

I am to a psychologist not a professional writer ( English is my second language if you did not tell by now (-:

What I am hoping for is that by writing this I may help the “good voice” inside your head that tells you DON’T double down OR just keep the stop win over that bad voice that is whispering to you to go ahead and reverse the position and double it when it is clearly not in your game plan… Trading is tough mentally, financially and emotionally, help yourself be a better trader by being a more disciplined trader.

ON A SIMILAR NOTE:

Monthly unemployment figures come out tomorrow morning. That would be a great time to excessive discipline and control of what is written above…..

GOOD TRADING

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

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 June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1900.83 3724.00 16619 1208.30 81.23
Resistance 2 1894.17 3696.50 16575 1199.70 80.96
Resistance 1 1888.83 3664.00 16539 1189.00 80.79
Pivot 1882.17 3636.50 16495 1180.40 80.51
Support 1 1876.83 3604.00 16459 1169.70 80.34
Support 2 1870.17 3576.50 16415 1161.10 80.07
Support 3 1864.83 3544.00 16379 1150.40 79.90
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1305.7 2046.7 102.26 132 31/32 1.3898
Resistance 2 1299.9 2027.3 101.37 132 21/32 1.3853
Resistance 1 1293.4 2004.7 100.86 132 14/32 1.3786
Pivot 1287.6 1985.3 99.97 132  4/32 1.3741
Support 1 1281.1 1962.7 99.46 131 29/32 1.3674
Support 2 1275.3 1943.3 98.57 131 19/32 1.3629
Support 3 1268.8 1920.7 98.06 131 12/32 1.3562
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 508.6 676.7 1499.00 495.57 42.10
Resistance 2 504.7 676.3 1487.75 489.83 41.88
Resistance 1 502.3 676.2 1481.50 484.97 41.78
Pivot 498.4 675.8 1470.25 479.23 41.56
Support 1 496.1 675.7 1464.0 474.4 41.5
Support 2 492.2 675.3 1452.75 468.63 41.24
Support 3 489.8 675.2 1446.50 463.77 41.14
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 4:21pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 4  2:00am EUR German Factory Orders m/m 0.5% 1.2%
4:10am EUR Retail PMI 48.5
8:30am USD Non-Farm Employment Change 199K 175K
USD Unemployment Rate 6.6% 6.7%
USD Average Hourly Earnings m/m 0.2% 0.4%

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: Future Trading News   | Futures Broker   | Futures Trading  

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