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Tag: futures trading

Trading Levels and Economic Reports for April 5, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday April 5, 2013

Hello Traders,

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

Monthly unemployment report tomorrow or as we call it non farm payroll.

 

The report comes out at 7:30 AM central and is usually a market mover and increases volatility for the rest of the session.

 

 

Source Bureau of Labor Statistics (latest release)
Measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month;
Usual Effect Actual < Forecast = Good for currency;
Frequency Released monthly, usually on the first Friday after the month ends;
Next Release May 3, 2013
Why Traders
Care		 Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
Also Called Jobless Rate;

 

Continue reading “Trading Levels and Economic Reports for April 5, 2013”

Trading Levels and Economic Reports for April 4, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday April 4, 2013

Hello Traders,

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

I mentioned yesterday :So far most selling in stock index futures are met with volume buying at lower levels. I wish I had an idea of how long this would last….but I don’t. What can change the dynamics are the few employment reports we have this week. Starting with tomorrow ADP report, Thursday weekly report and non-farm payroll ( the big report) this

Friday.

It seems that this morning ADP report but actually more so ISM actually gave stock index a lower break for the first time in a while.

 

I am sharing with you daily chart of mini Russell for your review and possible support/ resistance levels.

 

mini russell daily chart

 

Futures Trading Levels and Reports for August 30, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday August 30, 2012

 

Hello Traders,

One Way to Eliminate Fear and Greed While Day Trading

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

 

It is a known fact that fear and greed can be a trader’s worst enemies.

I’ve found one way that has helped some clients deal with fear and greed and their cousin, “getting out of winners too soon and staying in losers too long.”

What is it? Entering Multiple Contracts: Philosophy

In order to enter multiple contracts while day trading, one has to have the appropriate risk capital and margin requirements. But the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract (or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts), you can face a very quick dilemma, especially when day-trading. Consider the two following scenarios:

  1. You get in and very quickly you are up 2 mini SP points…what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?
  2. You enter a trade and it goes against you rather quickly…if you get out then it is a loser…but the little voice in your head says “what if the market goes back up?”

In the first case scenario, when market decided to be nice to us and moved in our direction, I like to exit half of my positions relatively quickly. In the case of the mini SP, this would be around 7 ticks profit.

What I’ve found is that this will allow me to manage the rest of the trade in a much more relaxed manner. Since I’ve already locked profits in, now I can look for a proper stop close to my break-even level. I can analyze my next target more realistically and, if the market provides room for additional gains, be there to participate.

Continue reading “Futures Trading Levels and Reports for August 30, 2012”

Thursday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

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Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1428.251424.75 

1417

 

1404.25

 

1401.5

 

1396

 2802.52792.5 

2786

 

2759

 

2725

 

2701

 1330813228 

13203

 

13099

 

13083

 

13014

 826.8819.5 

817.2

 

809.9

 

801.00

 

793.00

 1490714826 

14808

 

14715

 

14701

 

14622

 1340713314 

13326.5

 

13310

 

13303.5

 

13229.5

Continue reading “Thursday Morning Support and Resistance Numbers”

Trading Levels and Reports for July 17, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Monday July 17, 2012

Hello Traders,

WORTH SHARING…from my colleague Dave Register of www.ExitPoints.com

The seven deadly sins for futures traders

 

1)      Overtrading or underfunding your account

2)      Chasing performance

3)      Using an over optimized system

4)      Failure to Always use Stop loss orders

5)      Commissions too high

6)      Large slippage in illiquid markets

7)      Emotional Trading

 

 

Visit their blog to learn about trading ideas on weekly basis and let us know if you would like more information about their trading system!

Continue reading “Trading Levels and Reports for July 17, 2012”

Simple Yet Powerful Approach To Using Market Profile In Your Trading

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
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1. Market Commentary

Simple yet Powerful approach to using Market Profile in your trading
Join us for a Webinar on January 18th at 3:30 PM Central time
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/700006690  
Learn the incredible power of Market Profile in this simple and easy to implement approach.

Many have yet to discover  just how easy it can be. So please join us for ‘A Simplified Approach to using Market Profile’
Join Greg Weitzman for this live webinar as he discusses his unique and simplified way to incorporate Market Profile in your trading and leave with some tools you can use immediately in your own trading:
* Simplify and clean up your charts
* Clearly see support , resistance and market inflection points
* Locate key areas for trade entries
As a Bonus all attendees will also receive TheTradingZone basic Chart Templates, pre-configured for Sierra Charts ( ATcharts)
Risk: 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.

 

Title: Simple yet Powerful approach to using Market Profile in your trading
Date: Wednesday, January 18, 2012
Time: 3:30 PM – 4:30 PM CST

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

Continue reading “Simple Yet Powerful Approach To Using Market Profile In Your Trading”

Equities Futures December 2011 to March 2012 Rollover Dates TF, ES, NQ, EMD and YM

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Tuesday, December 6, 2011

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1. Market Commentary

December 2011 to March 2012 Rollover Notice
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 8th at 8:30 am Chicago time from the December 2011 contract to the March 2012 contract. The month code for March is ‘H’.
It is recommended that all new positions be placed in the March contract as of Thursday’s trade date.
Please close any open December Currencies positions by the close on Friday, December 16th.
Should you have any further questions please contact your futures broker.

On a different topic

The first video of a series of trading videos Cannon Trading is planning to produce is on the air!

This specific video shares a set up of overbought/oversold Algorithm and how you can set up one of our trading platforms to have automatic exits. Worth taking a few minutes of your time to watch.

tn Continue reading “Equities Futures December 2011 to March 2012 Rollover Dates TF, ES, NQ, EMD and YM”

Futures Trading Advice | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Friday, November 18, 2011

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1. Market Commentary

We tested the lower borders of this wide band I have talked about over the last few days.

1204.50 to the psychological 1200 level are the first line of defense.

Volatility is picking up another notch again and we saw a sharp sell off in matter of minutes intraday around 11 AM central.

Brings me to a point I have mentioned before many times….and while I hate sounding like a broken record, I hope that by repeating this I may help clients and traders:

ALWAYS EXPECT THE UNACCEPTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves.
It is my opinion to have AUTOMATIC stops entered if you are a daytrader. All our trading platforms offer “auto brackets” that allow you to place limits and stops as soon as position entered. Please contact your broker if you need help with this feature. Continue reading “Futures Trading Advice | Support and Resistance Levels”

The Importance of Underlying Assets in Futures Trading | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

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1. Market Commentary

I have been talking about the gaps and looking at the pit session SP500 which is the big SP ( each point = $250 versus $50 each point on the mini SP)

Another importance of the big SP or the PIT session, is that it tracks the hours of the cash SP500 index which is the UNDERLYING ASSET the SP and mini SP futures trade on.

Yesterday I wrote the following:

If market has more volume on the buy side, the next target is 1185, on the other hand if volume dries out up in these levels, I will be watching price action around 1149 and 1129 before deciding which way offers better risk/ reward.

Looks like overnight moves overseas brought in more volume on the buy side and we closed one gap and even went higher…..but now we have a gap from today’s session at 1159…..

Hourly chart of SP 500 ( pit session ) for your review below: Continue reading “The Importance of Underlying Assets in Futures Trading | Support and Resistance Levels”

High Volatility This Week and 8 Steps to Successful Futures Trading | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Download “8 Steps to Successful Futures Trading”
5. Economic Reports
6. Earnings Releases

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1. Market Commentary

Wow, what a day in the metals segment and what a week in general. Fits perfectly what I wrote the last few days:

ALWAYS EXPECT THE UNEXPECTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves.

My 15 min mini SP chart below for your review ,clients who attend my daily live charts program had access to this chart in real-time, along with the signals generated. Continue reading “High Volatility This Week and 8 Steps to Successful Futures Trading | Support and Resistance Levels”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.