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Volume Charts & Oscillators & Futures Levels & Economic Reports for 11.07.2013

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

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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 Thursday November 7, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Using tick/Volume charts and Oscillators for day trading

Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading and CTA at Levex.net )

I really don’t think anyone has found a “perfect way” to day-trade.

Different techniques work well in different market environment.

In this week short educational feature, I will touch about one technique one can add to their trading arsenal. This technique works better on choppy, two sided ways. It DOES NOT work well when the market has a strong trend.

The chart below illustrates a few principals I like:

  1. It uses a tick chart or Range Bar charts rather than a time chart. I like tick charts & range bar better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME and PRICE RANGE. If you are using 5 minutes chart for example, you may get signals simply because time “has passed” and certain indicators you are using adopt certain values. When using tick charts, at times where there is lots of movement in the market, you won’t have to wait until your time frame bar closes to get your signal, volume becomes a bigger more important part of your trading decision.

 Read the remaining article “Using tick/Volume charts and Oscillators for day trading”

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 this Newsletter, feel free to forward to a friend!

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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 Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1786.50 3421.67 15893 1121.70 81.10
Resistance 2 1778.25 3409.83 15796 1115.70 80.95
Resistance 1 1772.25 3393.92 15741 1106.50 80.75
Pivot 1764.00 3382.08 15644 1100.50 80.60
Support 1 1758.00 3366.17 15589 1091.30 80.41
Support 2 1749.75 3354.33 15492 1085.30 80.26
Support 3 1743.75 3338.42 15437 1076.10 80.06
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1336.8 2250.8 97.33 133 26/32 1.3638
Resistance 2 1329.4 2229.2 96.37 133 18/32 1.3594
Resistance 1 1323.7 2205.3 95.58 133  9/32 1.3558
Pivot 1316.3 2183.7 94.62 133  1/32 1.3514
Support 1 1310.6 2159.8 93.83 132 24/32 1.3478
Support 2 1303.2 2138.2 92.87 132 16/32 1.3434
Support 3 1297.5 2114.3 92.08 132  7/32 1.3398
Contract Dec Corn Dec. Wheat Jan .Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 429.0 654.1 1265.50 403.47 41.59
Resistance 2 427.3 653.9 1262.00 400.33 41.49
Resistance 1 424.3 653.6 1258.50 398.57 41.31
Pivot 422.5 653.4 1255.00 395.43 41.21
Support 1 419.5 653.1 1251.5 393.7 41.0
Support 2 417.8 652.9 1248.00 390.53 40.93
Support 3 414.8 652.6 1244.50 388.77 40.75
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:21pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 7  Tentative EUR Spanish 10-y Bond Auction 4.27|2.0
Tentative EUR French 10-y Bond Auction 2.37|1.9
6:00am EUR German Industrial Production m/m 0.2% 1.4%
7:45am EUR Minimum Bid Rate 0.50% 0.50%
8:30am EUR ECB Press Conference
USD Advance GDP q/q 2.0% 2.5%
USD Unemployment Claims 336K 340K
USD Advance GDP Price Index q/q 1.5% 0.6%
10:30am USD Natural Gas Storage 40B 38B
1:30pm USD FOMC Member Dudley Speaks
1:50pm USD FOMC Member Stein Speaks
2:00pm EUR ECB President Draghi Speaks
3:00pm USD Consumer Credit m/m 13.0B 13.6B

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 herein 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: Future Trading News   | Futures Trading  

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