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Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
Not a busy Friday morning ahead with reports but more than a few fed Speakers schedules to speak tomorrow which can move the markets.
#CL_F Crude oil has traded more volume than the mini SP for the last few days!! heads up.
Keys to Successful Trading:
My colleagues and I were discussing trading methods, techniques and more today in the office. Each of us had an idea as to why such a small percent of traders “makes it ” in the trading business….
I decided to reach out to you and ask you: What do you think are the TOP 3 factors that separates the “men from the boys” in the field of trading?
Feel free to share if you were “able to turn around your trading”, still trying, surviving etc.
To make it easy, simply just hit reply and share your thoughts. We will tabulate and try to analyze the data in hopes of sharing some good insights with all of you.
Thank you in advance!
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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
05-18-2018
| Contract June 2018 |  SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2751.00 | 7039.33 | 25022 | 1645.13 | 8798.06 |
| Resistance 2 | 2741.50 | 7000.67 | 24929 | 1637.27 | 8642.83 |
| Resistance 1 | 2730.00 | 6952.33 | 24817 | 1631.73 | 8430.14 |
| Pivot | 2720.50 | 6913.67 | 24724 | 1623.87 | 8274.91 |
| Support 1 | 2709.00 | 6865.33 | 24612 | 1618.33 | 8062.22 |
| Support 2 | 2699.50 | 6826.67 | 24519 | 1610.47 | 7906.99 |
| Support 3 | 2688.00 | 6778.33 | 24407 | 1604.93 | 7694.30 |
| Contract | June Gold #GC_F | July Silver #SI-F | June Crude Oil #CL-F | June Bonds #ZB_F | June Euro #6E_F |
| Resistance 3 | 1305.0 | 16.70 | 73.42 | 141 15/32 | 1.1914 |
| Resistance 2 | 1299.5 | 16.60 | 72.86 | 141Â 8/32 | 1.1888 |
| Resistance 1 | 1295.0 | 16.53 | 72.21 | 140 27/32 | 1.1853 |
| Pivot | 1289.5 | 16.43 | 71.65 | 140 20/32 | 1.1827 |
| Support 1 | 1285.0 | 16.36 | 71.00 | 140Â 7/32 | 1.1792 |
| Support 2 | 1279.5 | 16.26 | 70.44 | 140 | 1.1766 |
| Support 3 | 1275.0 | 16.19 | 69.79 | 139 19/32 | 1.1731 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | June Nat Gas #NG_F |
| Resistance 3 | 406.8 | 511.3 | 1015.08 | 385.00 | 2.96 |
| Resistance 2 | 404.4 | 508.0 | 1010.17 | 382.70 | 2.91 |
| Resistance 1 | 399.8 | 502.8 | 1002.58 | 378.90 | 2.88 |
| Pivot | 397.4 | 499.5 | 997.67 | 376.60 | 2.83 |
| Support 1 | 392.8 | 494.3 | 990.1 | 372.8 | 2.8 |
| Support 2 | 390.4 | 491.0 | 985.17 | 370.50 | 2.75 |
| Support 3 | 385.8 | 485.8 | 977.58 | 366.70 | 2.72 |
http://app.bettertrader.coEconomic Reports, source:Â
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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.
