We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.
I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.
I think the following quote is so appropriate in our business….
“One cannot do anything about yesterday”
Wishing you a great weekend. Continue reading “Futures Trading Levels and Economic Reports for December 13th 2010”
December to March Rollover Notice
We are now trading MARCH contracts for all e-minis and stock indices.
Weekly chart of the CASH SP index for your review below:
Today we witnesses a high volatility day that followed a very “sleepy” trading day on Monday.
You should keep trading notes with information such as this and other that will assist you as your trading experience grows.
Below is an hourly chart of the mini SP 500 for your review.
Continue reading “Futures Trading Levels and Economic Reports for December 8th 2010”
Today was a “slow trading day” when it came to stock indices, which leads me to a good point I would like to make. Most of our day traders, trade the e-mini stock index futures, mostly the mini SP because of its heavy daily volume and exposure.
However, I think that day-traders should be able to follow at least another market, maybe even two additional markets and look for different set up in these markets as well.
Good example from today is the Euro currency. While the mini SP was pretty dead….the Euro had nice range, good volatility and good volume which presents both risks and opportunities for day-traders.
Obviously, before you start trading a new market you should educate yourself on tick size, trading hours, “personality”, when is there more volume in that specific contract etc.
If you do so, I think you will achieve a couple of things, first is diversification. While some days trades in certain market may not work, trades in a different market may provide balance.
Also, if on certain days, certain markets are “sleepy” ( which most day-traders do NOT like), another market may have more action….
As always, do your homework, practice in simulation mode first and make sure you understand the “new contract” you may be trading along with the risks involved.
Below is a screen shot of the Euro Currency from todays webinar session :
( free trial at – https://www.cannontrading.com/tools/intraday-futures-trading-signals )
Continue reading “Futures Trading Levels and Economic Reports for December 7th 2010”
“Motto” for the month: “Plan your trade, trade your plan”
Unemployment came and gone and market pretty much ignored the bearish news….
Few notes from the day-trading webinar I hold every day below.
Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….
Some examples:
If you have not had a free two week trial to the service, feel free to sign up at:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Have a great weekend!! Continue reading “Futures Trading Levels and Economic Reports for December 6th 2010”
“Motto” of the Month: “Plan your trade, trade your plan”
Our Weekly Futures Trading Newsletter is Ready for Your Review:
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https://www.cannontrading.com/community/newsletter/
************************************************************** Continue reading “Futures Trading Levels and Weekly Newsletter for December 2nd 2010”
Hope everyone had a nice Thanksgiving weekend and are ready for trading the rest of the week and upcoming December.
Since I have nothing of importance to share trading wise, I would like to share couple of trading quotes I saw today and liked:
“Continually strive for patience, perseverance, determination, and rational action.”
“Successful traders set profit objectives for each trade they enter.”
You may agree or disagree but thought these two quotes were worth sharing! Continue reading “Futures Trading Levels and Motivational Quotes, November 30th 2010”
Hope everyone had a nice thanksgiving and will enjoy the weekend ahead.
I think we should see a full, busy trading week ahead, so rest and recharge!
Daily chart of Mini NASDAQ 100 for your review below:
Continue reading “Futures Trading Levels and Economic Reports for November 29th 2010”
Happy Thanksgiving to everyone.
Weekly newlstter + holiday trading hours at:
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https://www.cannontrading.com/community/newsletter/
************************************************************** Continue reading “Weekly Futures Trading Newsletter and Trading Levels, November 25th 2010”
Busy day ahead tomorrow with significant reports through out the day. Markets are closed Thursday in observance of Thanksgiving and then open half day on Friday.
Overnight news from N Korea and Europe definitely had much bigger on the markets than any technical chart formations…but “looking forward” we sometimes have to look back in trying to project price action.
Levels for your review on the daily mini SP 500 chart below. 1151 is first major support in case declines continues.
Continue reading “Futures Trading Levels and Markets Schedule for November 24th 2010”
