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What’s Your Futures Trading Blood Type? 3.07.2017

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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?”

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.

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Futures Trading Levels

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.

Tags: Posted in: Future Trading News  

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