The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Top 50 Futures Trading Rules 8.14.2015

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday August 14, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures

Separator

500 experienced futures brokers were asked what caused most futures traders to lose money when comes to trading futures.

Their answers reflected the trading experience of more than 10,000 futures traders.  Download the PDF and find out what they said.

1.) Have a Plan

Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.

Separator

2.) News Factor

Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.

Separator

3.) Trade Objectively

After several profitable trades, many speculators become wild and nonconservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that “can’t fail.”

Separator

4.) Know Your Size

Traders often try to carry too big a position with too little capital and trade too frequently for the size of the account.

Separator

5.) Don’t Get Greedy when it comes to Trading Futures

Some traders try to “beat the market” by day trading, nervous scalping, and getting greedy.

To read the rest please click here

Did you know Cannon offers FOREX trading including the MT4 platform?

Check out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.  

 

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.

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

Futures Trading Levels

Contract Sept. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2111.00 4595.17 17590 1222.17 97.48
Resistance 2 2102.00 4576.08 17513 1217.33 97.16
Resistance 1 2091.25 4546.92 17445 1209.27 96.77
Pivot 2082.25 4527.83 17368 1204.43 96.45
Support 1 2071.50 4498.67 17300 1196.37 96.07
Support 2 2062.50 4479.58 17223 1191.53 95.75
Support 3 2051.75 4450.42 17155 1183.47 95.36
Contract Dec. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1136.4 15.82 45.13 159 31/32 1.1315
Resistance 2 1131.3 15.69 44.43 159 12/32 1.1254
Resistance 1 1122.9 15.53 43.32 158 21/32 1.1206
Pivot 1117.8 15.40 42.62 158 2/32 1.1145
Support 1 1109.4 15.24 41.51 157 11/32 1.1097
Support 2 1104.3 15.11 40.81 156 24/32 1.1036
Support 3 1095.9 14.95 39.70 156 1/32 1.0988
Contract Dec. Corn Sept. Wheat Nov Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 387.6 520.8 949.08 332.33 3.04
Resistance 2 381.4 512.8 938.67 326.67 2.99
Resistance 1 378.3 508.0 932.83 323.33 2.90
Pivot 372.2 500.0 922.42 317.67 2.84
Support 1 369.1 495.3 916.6 314.3 2.7
Support 2 362.9 487.3 906.17 308.67 2.69
Support 3 359.8 482.5 900.33 305.33 2.6
Economic Report

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

All times are Eastern time Zone (EST)

Date 2:37pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 14 1:30am EUR French Prelim GDP q/q 0.2% 0.6%
2:00am EUR German Prelim GDP q/q 0.5% 0.3%
2:45am EUR French Prelim Non-Farm Payrolls q/q 0.1% 0.0%
4:00am EUR Italian Prelim GDP q/q 0.3% 0.3%
5:00am EUR Final CPI y/y 0.2% 0.2%
EUR Flash GDP q/q 0.4% 0.4%
EUR Final Core CPI y/y 1.0% 1.0%
All Day EUR Eurogroup Meetings
8:30am USD PPI m/m 0.1% 0.4%
USD Core PPI m/m 0.1% 0.3%
9:15am USD Capacity Utilization Rate 78.0% 78.4%
USD Industrial Production m/m 0.3% 0.3%
10:00am USD Prelim UoM Consumer Sentiment 93.5 93.1
USD Prelim UoM Inflation Expectations 2.8%

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: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading   | Options Trading   | Trading Guide  

Comments are closed.

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