{"id":10737,"date":"2015-12-01T13:06:46","date_gmt":"2015-12-01T21:06:46","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10737"},"modified":"2016-01-27T22:42:24","modified_gmt":"2016-01-28T06:42:24","slug":"8-steps-successful-futures-day-trading-12-02-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/8-steps-successful-futures-day-trading-12-02-2015\/","title":{"rendered":"8 Steps to Successful Futures Day-Trading 12-02-2015"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Tuesday December 2, 2015<\/a><\/strong><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
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Wishing all of you a great trading month in December.<\/div>\n
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My name is Ilan Levy-Mayer and I am the Vice President and Senior\u00a0Futures Broker\u00a0at Cannon Trading<\/a>. I came up with the following personal observations after serving online traders worldwide for more than 17 years.<\/p>\n

8 Steps to Successful Day-Trading<\/strong><\/h2>\n<\/div>\n
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that\u00a0futures trading<\/a>\u00a0is risky and can involve significant losses.<\/div>\n

<\/b>1. Education<\/b><\/p>\n

Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.<\/div>\n

<\/b>2. Find a System<\/b><\/p>\n

I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy\/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.”<\/div>\n
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<\/b>3. Survival<\/b><\/p>\n

This is the key! Do what you need to do in order to survive this brutal business and give yourself the chance of being here down the road with more experience and a better chance of success. Survival is probably the biggest key for beginning traders. There is a saying in this business: “live to trade another day.” It is so true!<\/div>\n

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\nRead the rest!<\/a><\/b><\/p>\n

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains.\u00a0<\/b>If you need help creating a trading plan,\u00a0visit our broker assist services.<\/a>\u00a0\u00a0<\/b><\/p>\n

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GOOD TRADING<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n

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.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2124.50<\/td>\n4768.83<\/td>\n18038<\/td>\n1217.23<\/td>\n100.63<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2113.00<\/td>\n4742.67<\/td>\n17958<\/td>\n1210.57<\/td>\n100.44<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2106.50<\/td>\n4728.83<\/td>\n17911<\/td>\n1206.83<\/td>\n100.13<\/td>\n<\/tr>\n
Pivot<\/td>\n2095.00<\/td>\n4702.67<\/td>\n17831<\/td>\n1200.17<\/td>\n99.94<\/td>\n<\/tr>\n
Support 1<\/td>\n2088.50<\/td>\n4688.83<\/td>\n17784<\/td>\n1196.43<\/td>\n99.63<\/td>\n<\/tr>\n
Support 2<\/td>\n2077.00<\/td>\n4662.67<\/td>\n17704<\/td>\n1189.77<\/td>\n99.44<\/td>\n<\/tr>\n
Support 3<\/td>\n2070.50<\/td>\n4648.83<\/td>\n17657<\/td>\n1186.03<\/td>\n99.13<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nFeb. Gold<\/td>\nMarch Silver<\/td>\nJan. Crude Oil<\/td>\nMar. Bonds<\/td>\nDec. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1085.5<\/td>\n14.45<\/td>\n43.30<\/td>\n159 4\/32<\/td>\n1.0736<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1079.8<\/td>\n14.35<\/td>\n42.77<\/td>\n157 20\/32<\/td>\n1.0688<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1074.1<\/td>\n14.25<\/td>\n42.24<\/td>\n156 26\/32<\/td>\n1.0662<\/td>\n<\/tr>\n
Pivot<\/td>\n1068.4<\/td>\n14.15<\/td>\n41.71<\/td>\n155 10\/32<\/td>\n1.0614<\/td>\n<\/tr>\n
Support 1<\/td>\n1062.7<\/td>\n14.05<\/td>\n41.18<\/td>\n154 16\/32<\/td>\n1.0588<\/td>\n<\/tr>\n
Support 2<\/td>\n1057.0<\/td>\n13.95<\/td>\n40.65<\/td>\n153<\/td>\n1.0540<\/td>\n<\/tr>\n
Support 3<\/td>\n1051.3<\/td>\n13.85<\/td>\n40.12<\/td>\n152 6\/32<\/td>\n1.0514<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMar. Corn<\/td>\nMar. Wheat<\/td>\nJan Beans<\/td>\nJan. SoyMeal<\/td>\nJan. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n380.3<\/td>\n487.1<\/td>\n902.75<\/td>\n298.13<\/td>\n2.33<\/td>\n<\/tr>\n
Resistance 2<\/td>\n377.9<\/td>\n483.7<\/td>\n897.25<\/td>\n294.87<\/td>\n2.29<\/td>\n<\/tr>\n
Resistance 1<\/td>\n375.8<\/td>\n477.6<\/td>\n893.25<\/td>\n290.63<\/td>\n2.26<\/td>\n<\/tr>\n
Pivot<\/td>\n373.4<\/td>\n474.2<\/td>\n887.75<\/td>\n287.37<\/td>\n2.23<\/td>\n<\/tr>\n
Support 1<\/td>\n371.3<\/td>\n468.1<\/td>\n883.8<\/td>\n283.1<\/td>\n2.2<\/td>\n<\/tr>\n
Support 2<\/td>\n368.9<\/td>\n464.7<\/td>\n878.25<\/td>\n279.87<\/td>\n2.16<\/td>\n<\/tr>\n
Support 3<\/td>\n366.8<\/td>\n458.6<\/td>\n874.25<\/td>\n275.63<\/td>\n2.13<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:54pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
WedDec 2<\/td>\n3:00am<\/td>\nEUR<\/td>\n<\/td>\nSpanish Unemployment Change<\/td>\n<\/td>\n<\/td>\n-10.3K<\/td>\n82.3K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nCPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nCore CPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n1.1%<\/td>\n1.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nPPI m\/m<\/td>\n<\/td>\n<\/td>\n-0.4%<\/td>\n-0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:10am<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Lockhart Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:15am<\/td>\nUSD<\/td>\n<\/td>\nADP Non-Farm Employment Change<\/td>\n<\/td>\n<\/td>\n191K<\/td>\n182K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nFed Chair Yellen Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Nonfarm Productivity q\/q<\/td>\n<\/td>\n<\/td>\n2.2%<\/td>\n1.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Unit Labor Costs q\/q<\/td>\n<\/td>\n<\/td>\n1.1%<\/td>\n1.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n-0.6M<\/td>\n1.0M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n12:25pm<\/td>\nUSD<\/td>\n<\/td>\nFed Chair Yellen Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:00pm<\/td>\nUSD<\/td>\n<\/td>\nBeige Book<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:40pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Williams Speaks<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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 judgment in trading.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Tuesday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,230,67,61,233,234],"tags":[822,898,897,210],"class_list":["post-10737","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-day-trading-2","category-future-trading-news","category-futures-trading-2","category-options-trading-2","category-trading-guide","tag-commodity-futures-trading-guide","tag-commodity-trading-guide","tag-futures-day-trading-guide","tag-futures-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=10737"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10737\/revisions"}],"predecessor-version":[{"id":10816,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10737\/revisions\/10816"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}