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Keeping a Futures Trading Journal, Economic Reports & Levels 8.28.2014

Hello Traders,

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

 

The EXTREMELY low volume today ( as well as last few days…) made me go look in my trading journal where sure enough I wrote down that the week before Labor Day is usually lower volume and a good time to take some days off….( too bad I did not schedule some vacation time LOL)
The point of the story is that keeping a trading journal has MANY ADVANTAGES….and I highly recommend it.

I keep notes on the following:

  • different methods I test
  • Market behavior during different economic reports
  • Things I did well, mental state of mind
  • Mistakes I have made, the reasons I did and how I can try to avoid these mistakes
  • Different indicators, chart settings, ideas I read about
  • Different codes I created for my charts
  • Much more…

Many times the journal will help me put closure on a bad day but more so it helps keep track of work I have done so I don’t have to do it again.

 

Try it. It is not easy, especially after bad days….it takes time, energy and consistency – just like trading. I keep mine on a word doc so I can easily access it ( plus my hand writing is terrible). Hope this tip helps and wishing you good trading!
PS: About low volatility and volume, its a cycle and times of much higher volume and volatility are proably very near….

 

 

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. Past performance is not indicative to future results.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

 

 

Futures Trading Levels

Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2007.83 4091.00 17169 1184.97 83.01
Resistance 2 2004.17 4084.00 17144 1181.23 82.88
Resistance 1 2000.83 4077.50 17122 1176.27 82.68
Pivot 1997.17 4070.50 17097 1172.53 82.55
Support 1 1993.83 4064.00 17075 1167.57 82.35
Support 2 1990.17 4057.00 17050 1163.83 82.22
Support 3 1986.83 4050.50 17028 1158.87 82.02
Contract December Gold Dec. Silver Oct. Crude Oil September Bonds Sept. Euro
Resistance 3 1294.7 19.7 95.15 142 6/32 1.3279
Resistance 2 1291.5 19.6 94.69 141 23/32 1.3246
Resistance 1 1287.4 19.6 94.27 141 14/32 1.3220
Pivot 1284.2 19.5 93.81 140 31/32 1.3187
Support 1 1280.1 19.4 93.39 140 22/32 1.3161
Support 2 1276.9 19.3 92.93 140 7/32 1.3128
Support 3 1272.8 19.2 92.51 139 30/32 1.3102
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 368.7 569.0 1040.08 351.80 33.62
Resistance 2 366.8 565.8 1036.42 349.40 33.46
Resistance 1 365.9 564.0 1030.08 346.80 33.13
Pivot 364.1 560.8 1026.42 344.40 32.97
Support 1 363.2 559.0 1020.1 341.8 32.6
Support 2 361.3 555.8 1016.42 339.40 32.48
Support 3 360.4 554.0 1010.08 336.80 32.15
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
ThuAug 28 All Day EUR German Prelim CPI m/m 0.0% 0.3%
 3:00am EUR Spanish Flash CPI y/y -0.2% -0.3%
3:55am EUR German Unemployment Change -6K -12K
4:00am EUR M3 Money Supply y/y 1.5% 1.5%
EUR Private Loans y/y -1.5% -1.7%
EUR Italian Retail Sales m/m -0.2% -0.7%
Tentative EUR Italian 10-y Bond Auction 2.60|1.5
6:00am GBP CBI Realized Sales 27 21
8:30am USD Prelim GDP q/q 3.9% 4.0%
USD Unemployment Claims 299K 298K
USD Prelim GDP Price Index q/q 2.0% 2.0%
10:00am USD Pending Home Sales m/m 0.6% -1.1%
10:30am USD Natural Gas Storage 79B 88B
7:05pm GBP GfK Consumer Confidence -1 -2

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  

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