{"id":11021,"date":"2016-03-07T13:43:04","date_gmt":"2016-03-07T21:43:04","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11021"},"modified":"2016-03-07T21:35:00","modified_gmt":"2016-03-08T05:35:00","slug":"power-diversification-trading-3-08-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/power-diversification-trading-3-08-2016\/","title":{"rendered":"The Power of Diversification When Trading 3.08.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

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 March 8, 20<\/strong><\/a><\/strong>16<\/strong><\/a><\/p>\n

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

For 2016 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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Voted #1 futures trading blog!<\/a><\/p>\n<\/div>\n

\n
\n

Greetings!<\/p>\n

The Power of Diversification When Trading<\/strong><\/p>\n

I believe that if you are only trading (daytrading) one market you may be missing out on diversifying yourself by trading other markets.<\/p>\n

Just like if you have a portfolio that is not diversified, you expose yourself to more risk, I think the same holds with futures.<\/p>\n

I like to daytrade at least 3 markets or at least follow 3 markets and see which ones offers set ups that I like. If you only trade the ES, you will have many days during the year where there is lower volatility, tight ranges and perhaps just \u201cdead days\u201d. However if you are also following bonds and crude oil you have better chances to get in trade set ups that you prefer. Not only that there are times that one trade will make up for another one that is not going so well etc.<\/p>\n

If you are a day trader it may be hard to trade more than 3 markets simultaneously but as you gain experience and monitor some markets you will be able to portion yourself properly.<\/p>\n

So if you are a one market man (or woman) start by monitoring a few markets that are different than the one you are trading. Take some notes, perhaps trade in demo mode and open your mind to using a few markets in your trading portfolio rather than one.<\/p>\n

If you already doing so \u2013 good job and make sure you adjust your risk and quantity accordingly.<\/p>\n

Here is a list of MY most favorite markets for trading for reasons such as liquidity, volatility, personality and trading hours:<\/p>\n

ES\u00a0 -mini SP500
\nZB \u2013 US bonds
\nCL or GCL\u00a0 \u2013 crude oil
\nTF or RLM for the mini Russell 2000 (although with proposed exchange fees hike I may have to reconsider)
\nGC or GGC for gold futures<\/p>\n

TRADE SMART \/ TRADE SYSTEMS \u2014 for the\u00a0current rankings<\/a>\u00a0as well as\u00a0actual performance<\/a>\u00a0of trading systems traded at Striker,\u00a0click here.<\/a><\/b><\/p>\n

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

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/div>\n<\/div>\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 March 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2026.50<\/td>\n4389.33<\/td>\n17293<\/td>\n1118.97<\/td>\n98.18<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2015.50<\/td>\n4359.67<\/td>\n17187<\/td>\n1106.63<\/td>\n97.94<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2006.50<\/td>\n4328.08<\/td>\n17111<\/td>\n1099.57<\/td>\n97.52<\/td>\n<\/tr>\n
Pivot<\/td>\n1995.50<\/td>\n4298.42<\/td>\n17005<\/td>\n1087.23<\/td>\n97.28<\/td>\n<\/tr>\n
Support 1<\/td>\n1986.50<\/td>\n4266.83<\/td>\n16929<\/td>\n1080.17<\/td>\n96.87<\/td>\n<\/tr>\n
Support 2<\/td>\n1975.50<\/td>\n4237.17<\/td>\n16823<\/td>\n1067.83<\/td>\n96.63<\/td>\n<\/tr>\n
Support 3<\/td>\n1966.50<\/td>\n4205.58<\/td>\n16747<\/td>\n1060.77<\/td>\n96.21<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nApr. Gold<\/td>\nMay Silver<\/td>\nApr. Crude Oil<\/td>\nJune Bonds<\/td>\nMarch \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1292.1<\/td>\n16.17<\/td>\n40.70<\/td>\n163 7\/32<\/td>\n1.1135<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1283.1<\/td>\n16.00<\/td>\n39.40<\/td>\n162 27\/32<\/td>\n1.1081<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1275.4<\/td>\n15.84<\/td>\n38.68<\/td>\n162 18\/32<\/td>\n1.1048<\/td>\n<\/tr>\n
Pivot<\/td>\n1266.4<\/td>\n15.67<\/td>\n37.38<\/td>\n162 6\/32<\/td>\n1.0995<\/td>\n<\/tr>\n
Support 1<\/td>\n1258.7<\/td>\n15.50<\/td>\n36.66<\/td>\n161 29\/32<\/td>\n1.0962<\/td>\n<\/tr>\n
Support 2<\/td>\n1249.7<\/td>\n15.33<\/td>\n35.36<\/td>\n161 17\/32<\/td>\n1.0908<\/td>\n<\/tr>\n
Support 3<\/td>\n1242.0<\/td>\n15.17<\/td>\n34.64<\/td>\n161 8\/32<\/td>\n1.0875<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay SoyMeal<\/td>\nApril Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n364.4<\/td>\n472.3<\/td>\n893.00<\/td>\n276.83<\/td>\n1.90<\/td>\n<\/tr>\n
Resistance 2<\/td>\n363.3<\/td>\n470.4<\/td>\n890.25<\/td>\n275.37<\/td>\n1.82<\/td>\n<\/tr>\n
Resistance 1<\/td>\n361.2<\/td>\n466.6<\/td>\n886.00<\/td>\n273.23<\/td>\n1.77<\/td>\n<\/tr>\n
Pivot<\/td>\n360.1<\/td>\n464.7<\/td>\n883.25<\/td>\n271.77<\/td>\n1.69<\/td>\n<\/tr>\n
Support 1<\/td>\n357.9<\/td>\n460.8<\/td>\n879.0<\/td>\n269.6<\/td>\n1.6<\/td>\n<\/tr>\n
Support 2<\/td>\n356.8<\/td>\n458.9<\/td>\n876.25<\/td>\n268.17<\/td>\n1.56<\/td>\n<\/tr>\n
Support 3<\/td>\n354.7<\/td>\n455.1<\/td>\n872.00<\/td>\n266.03<\/td>\n1.51<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
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
<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:41pm<\/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
TueMar 8<\/td>\n2:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Industrial Production m\/m<\/td>\n<\/td>\n<\/td>\n0.6%<\/td>\n-1.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Gov Budget Balance<\/td>\n<\/td>\n<\/td>\n<\/td>\n-70.5B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Trade Balance<\/td>\n<\/td>\n<\/td>\n-3.7B<\/td>\n-3.9B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:15am<\/td>\nGBP<\/td>\n<\/td>\nBOE Gov Carney Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nRevised GDP q\/q<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nECOFIN Meetings<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nUSD<\/td>\n<\/td>\nNFIB Small Business Index<\/td>\n<\/td>\n<\/td>\n94.5<\/td>\n93.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n12:00pm<\/td>\nGBP<\/td>\n<\/td>\nMPC Member Weale Speaks<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>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 judgement in trading.<\/span><\/h3>\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":[230,67,61],"tags":[18,58,226,16],"class_list":["post-11021","post","type-post","status-publish","format-standard","hentry","category-day-trading-2","category-future-trading-news","category-futures-trading-2","tag-day-trading","tag-day-trading-futures","tag-day-trading-guide","tag-futures-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11021","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=11021"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11021\/revisions"}],"predecessor-version":[{"id":11024,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11021\/revisions\/11024"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}