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

Trader’s Interview 3.03.2017

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  

____________________________________________________________________

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

____________________________________________________________________

Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

Another good read from our friend Peter Davies at JigSawtrading.com:

Ilan: Tell us a little bit about your trading background and how you got started trading.

Peter: In the mid 90’s I was a self employed IT Consultant and ended up living in Knoxville, TN, then I moved to Netherlands, then Denmark, then Japan and finally Thailand, where I ended up starting up an IT firm servicing the client I worked for in Japan. During this time, I managed to save a lot of money which was just sitting there. I ended up having my portfolio managed by a firm of financial advisors. After 3 years, they had lost 30% of the funds. Basically they got into everything that was hot the year before, a terrible strategy in hindsight. At one point, in a meeting with them, they told me they would get back the losses by leveraging my money. They said that all they needed was a 10% gain and the leverage would mean I recouped my losses. I asked them exactly how they would make that 10% gain and they said to me “Well, anyone can make a 10% gain given enough flexibility”. I politely re-determined them that if ‘anyone’ could make 10%, then they wouldn’t have lost 30%. I withdrew all my funds and figured if I was going to lose money, I might as well do it myself rather than paying them to do it for me.

I started out longer term investing but found that hit and miss and while I do still trade on mostly oversold stocks, it was day trading where I found techniques I was really comfortable with.

Read the full article here

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

Levels for Trade Date of 03.02.2017

Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2446.00 5480.83 21581 1454.43 102.84
Resistance 2 2423.50 5440.42 21371 1435.17 102.41
Resistance 1 2408.25 5412.83 21229 1423.83 102.08
Pivot 2385.75 5372.42 21019 1404.57 101.65
Support 1 2370.50 5344.83 20877 1393.23 101.32
Support 2 2348.00 5304.42 20667 1373.97 100.89
Support 3 2332.75 5276.83 20525 1362.63 100.56
Contract Apr. Gold May Silver April Crude Oil June  Bonds March  Euro
Resistance 3 1269.3 18.79 54.97 152 26/32 1.0667
Resistance 2 1260.3 18.65 54.70 152 1.0631
Resistance 1 1255.1 18.55 54.19 150 27/32 1.0591
Pivot 1246.1 18.41 53.92 150  1/32 1.0554
Support 1 1240.9 18.31 53.41 148 28/32 1.0514
Support 2 1231.9 18.17 53.14 148  2/32 1.0478
Support 3 1226.7 18.07 52.63 146 29/32 1.0438
Contract May  Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 393.4 469.4 1071.58 344.03 2.92
Resistance 2 387.8 463.3 1061.92 341.77 2.87
Resistance 1 384.9 460.2 1056.83 340.53 2.83
Pivot 379.3 454.1 1047.17 338.27 2.79
Support 1 376.4 450.9 1042.1 337.0 2.7
Support 2 370.8 444.8 1032.42 334.77 2.70
Support 3 367.9 441.7 1027.33 333.53 2.66

All times are Eastern time Zone (EST)

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

Date 4:25pm Currency Impact Detail Actual Forecast Previous Graph
ThuMar 2 2:00am EUR
German Import Prices m/m
0.5% 1.9%
3:00am EUR
Spanish Unemployment Change
5.2K 57.3K
4:00am EUR
Italian Monthly Unemployment Rate
12.0% 12.0%
4:30am GBP
Construction PMI
52.2 52.2
5:00am EUR
CPI Flash Estimate y/y
1.8% 1.8%
EUR
Core CPI Flash Estimate y/y
0.9% 0.9%
EUR
PPI m/m
0.5% 0.7%
EUR
Unemployment Rate
9.6% 9.6%
Tentative EUR
Spanish 10-y Bond Auction
1.73|3.0
Tentative EUR
French 10-y Bond Auction
1.07|2.1
7:30am USD
Challenger Job Cuts y/y
-38.8%
8:30am USD
Unemployment Claims
243K 244K
10:30am USD
Natural Gas Storage
-5B -89B

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.

Tags: > Posted in: Future Trading News  

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