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Track your Trading and do what you do best….. 8.15.2017

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

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Back at my desk after 2 weeks vacation, hope you enjoyed the quiet of “no commentary”….
I must be honest, not much changed in the markets….Seems like GeoPolitical events or should I say noise are moving different markets up and down. The good news is that I see a bit more wider ranges and volatility which is what most day traders are looking for.
Crude, gold, bonds and Stock Indices in this order, seem to have the best intraday moves although natural Gas woke up a bit and the grains continue their summer volatility.
Like I mentioned before on this blog, know your strengths and weaknesses. Is there a specific market you trade better than others? Are there times of the day that you do better at?

Keep a journal and try to keep track in order to see if there is a certain pattern or just randomness. if there is a pattern, use it to your advantage and your bottom line trading. Do what you do well and not what is “sexy” or what you would like to see….
Dennis Rodman made a killing in the NBA just knowing his strengths ( rebounds/defense) and ALSO knowing what he can NOT do ( scoring, creating etc.) Should be no different when it comes to trading. Yes many would love to trade the mini SP and trade it well but some find better success with other markets like Crude Oil.

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

8-15-2017

Contract September 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2498.00 6018.25 22147 1421.77 93.92
Resistance 2 2482.25 5967.50 22067 1407.93 93.66
Resistance 1 2473.00 5938.75 22010 1400.37 93.48
Pivot 2457.25 5888.00 21930 1386.53 93.21
Support 1 2448.00 5859.25 21873 1378.97 93.03
Support 2 2432.25 5808.50 21793 1365.13 92.77
Support 3 2423.00 5779.75 21736 1357.57 92.59
Contract December Gold Sept. Silver Sept. Crude Oil Sept.  Bonds Sept.  Euro
Resistance 3 1307.1 17.51 50.37 156  3/32 1.1918
Resistance 2 1301.8 17.36 49.77 155 26/32 1.1889
Resistance 1 1294.9 17.22 48.64 155 15/32 1.1849
Pivot 1289.6 17.07 48.04 155  6/32 1.1820
Support 1 1282.7 16.93 46.91 154 27/32 1.1781
Support 2 1277.4 16.78 46.31 154 18/32 1.1752
Support 3 1270.5 16.64 45.18 154  7/32 1.1712
Contract Dec.  Corn Sept. Wheat November Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 385.4 455.2 949.50 307.13 3.10
Resistance 2 381.1 448.3 944.25 305.17 3.06
Resistance 1 378.7 444.7 941.25 303.93 3.01
Pivot 374.3 437.8 936.00 301.97 2.97
Support 1 371.9 434.2 933.0 300.7 2.9
Support 2 367.6 427.3 927.75 298.77 2.87
Support 3 365.2 423.7 924.75 297.53 2.82

Economic Reports, source: 

http://app.bettertrader.co

 

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  

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