Survivor Day Trading & Support and Resistance Levels 10.25.2018

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Today was one of the most volatile trading days I have witnessed in over 20 years of being a broker. It definitely ranks up there in the top 10.
What does it mean to you? BE EXTRA CAREFUL if you don’t want to lose your entire trading account.
As simple and as blunt as it sounds.
This is NOT the time tom “average down” or decide that the market is too volatile for stops and hence you will use a “mental stop”….Either stand a side or REDUCE your trading size considerably if you want to survive and trade another day.
Survivor Day-Trading

 

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.

Futures Trading Levels

10-25-2018


Economic Reports, source: 

www.forexfactory.com

 

Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 25 2:00am EUR
German GfK Consumer Climate
10.5 10.6
3:00am EUR
Spanish Unemployment Rate
14.9% 15.3%
4:00am EUR
German Ifo Business Climate
103.1 103.7
7:45am EUR
Main Refinancing Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
Core Durable Goods Orders m/m
0.5% 0.0%
USD
Durable Goods Orders m/m
-1.3% 4.4%
USD
Goods Trade Balance
-74.9B -75.5B
USD
Prelim Wholesale Inventories m/m
0.5% 1.0%
USD
Unemployment Claims
214K 210K
10:00am USD
Pending Home Sales m/m
-0.1% -1.8%
10:30am USD
Natural Gas Storage
47B 81B
12:15pm USD
FOMC Member Clarida Speaks
5:30pm USD
FOMC Member Mester 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 judgement in trading.

Posted in: Future Trading News  

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading