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What’s Your Trading blood type?
This is a reprint of an article Ilan Levy-Mayer, VP of Cannon wrote for SFO magazine a few years back.
Valuable information which we wanted to share with you:
Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different “blood types” of those traders with their correct “trading diets.” Clearly, we’re not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it’s not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader’s capital, experience, risk profile and schedule.
Read the full article, download the PDF “What’s Your Trading blood type?”
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.
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Levels for Trade Date of 03.07.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2395.25 | 5413.50 | 21075 | 1404.73 | 102.38 |
| Resistance 2 | 2388.00 | 5394.00 | 21027 | 1397.47 | 102.06 |
| Resistance 1 | 2381.50 | 5378.00 | 20989 | 1390.93 | 101.87 |
| Pivot | 2374.25 | 5358.50 | 20941 | 1383.67 | 101.55 |
| Support 1 | 2367.75 | 5342.50 | 20903 | 1377.13 | 101.35 |
| Support 2 | 2360.50 | 5323.00 | 20855 | 1369.87 | 101.03 |
| Support 3 | 2354.00 | 5307.00 | 20817 | 1363.33 | 100.84 |
| Contract | Apr. Gold | May Silver | April Crude Oil | June Bonds | March Euro |
| Resistance 3 | 1246.4 | 18.22 | 54.39 | 150 30/32 | 1.0692 |
| Resistance 2 | 1241.8 | 18.11 | 53.98 | 150 14/32 | 1.0667 |
| Resistance 1 | 1234.1 | 17.96 | 53.59 | 149 25/32 | 1.0626 |
| Pivot | 1229.5 | 17.85 | 53.18 | 149 9/32 | 1.0602 |
| Support 1 | 1221.8 | 17.70 | 52.79 | 148 20/32 | 1.0561 |
| Support 2 | 1217.2 | 17.59 | 52.38 | 148 4/32 | 1.0536 |
| Support 3 | 1209.5 | 17.44 | 51.99 | 147 15/32 | 1.0495 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 387.4 | 467.8 | 1058.00 | 344.47 | 3.02 |
| Resistance 2 | 384.8 | 465.2 | 1053.25 | 341.83 | 2.98 |
| Resistance 1 | 381.7 | 461.8 | 1045.25 | 337.77 | 2.92 |
| Pivot | 379.1 | 459.2 | 1040.50 | 335.13 | 2.89 |
| Support 1 | 375.9 | 455.8 | 1032.5 | 331.1 | 2.8 |
| Support 2 | 373.3 | 453.2 | 1027.75 | 328.43 | 2.79 |
| Support 3 | 370.2 | 449.8 | 1019.75 | 324.37 | 2.73 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:07pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueMar 7 | 2:00am | EUR |
German Factory Orders m/m
|
-2.5% | 5.2% | ||||
| 2:45am | EUR |
French Gov Budget Balance
|
-69.0B | ||||||
| 3:30am | GBP |
Halifax HPI m/m
|
0.4% | -0.9% | |||||
| 5:00am | EUR |
Revised GDP q/q
|
0.4% | 0.4% | |||||
| 8:30am | USD |
Trade Balance
|
-47.0B | -44.3B | |||||
| 10:00am | USD |
IBD/TIPP Economic Optimism
|
57.1 | 56.4 | |||||
| 3:00pm | USD |
Consumer Credit m/m
|
19.1B | 14.2B |
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.