Volatility is Back! & Trading Levels for 11-01-2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
- Reduce trading size
- Be extra picky = no trade is better than a bad trade
- Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
- Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
- Be patient and be disciplined
- If you had a couple of losers in a row, step away, take a breathe, try to “reset yourself”
- If in doubt, stay out!!
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
11-01-2018
| Date | 3:36pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuNov 1 | 3:00am | GBP |
Nationwide HPI m/m
|
0.2% | 0.3% | ||||
| All Day | EUR |
French Bank Holiday
|
|||||||
| All Day | EUR |
Italian Bank Holiday
|
|||||||
| 5:30am | GBP |
Manufacturing PMI
|
53.0 | 53.8 | |||||
| 7:30am | USD |
Challenger Job Cuts y/y
|
70.9% | ||||||
| 8:00am | GBP |
BOE Inflation Report
|
|||||||
| GBP |
MPC Official Bank Rate Votes
|
0-0-9 | 0-0-9 | ||||||
| GBP |
Monetary Policy Summary
|
||||||||
| GBP |
MPC Asset Purchase Facility Votes
|
0-0-9 | 0-0-9 | ||||||
| GBP |
Official Bank Rate
|
0.75% | 0.75% | ||||||
| GBP |
Asset Purchase Facility
|
435B | 435B | ||||||
| 8:30am | GBP |
BOE Gov Carney Speaks
|
|||||||
| USD |
Prelim Nonfarm Productivity q/q
|
2.2% | 2.9% | ||||||
| USD |
Prelim Unit Labor Costs q/q
|
1.1% | -1.0% | ||||||
| USD |
Unemployment Claims
|
213K | 215K | ||||||
| 9:45am | USD |
Final Manufacturing PMI
|
55.9 | 55.9 | |||||
| 10:00am | USD |
ISM Manufacturing PMI
|
59.0 | 59.8 | |||||
| USD |
Construction Spending m/m
|
0.2% | 0.1% | ||||||
| USD |
ISM Manufacturing Prices
|
67.5 | 66.9 | ||||||
| 10:30am | USD |
Natural Gas Storage
|
53B | 58B | |||||
| All Day | USD |
Total Vehicle Sales
|
17.1M | 17.4M |
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.
