{"id":11049,"date":"2016-03-14T12:23:55","date_gmt":"2016-03-14T20:23:55","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11049"},"modified":"2016-03-15T23:39:53","modified_gmt":"2016-03-16T07:39:53","slug":"managing-futures-tradingposition-3-15-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/managing-futures-tradingposition-3-15-2016\/","title":{"rendered":"Managing Your Futures Trading\/Position 3.15.2016"},"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 15, 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

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Greetings!\u00a0<\/b><\/p>\n

FRONT MONTH for STOCK INDEX is JUNE!!<\/p>\n

A note on managing trade size by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.<\/p>\n

Managing your trading\/position<\/b>\u00a0size is crucial to long term success regardless of style.<\/p>\n

Daytrading, Swing or long term position trading.<\/p>\n

In order to select the size you will employ make a mental note of three things before you trade. \u00a0The Foundation of Trading your plan is first determining the size you will be employing, the number of contracts.<\/p>\n

We must assume your risk capital is fixed.<\/p>\n

1) \u00a0How liquid is the contract I will be trading?<\/p>\n

Are there frequent price gaps, lack of continuity with bid\/ask spreads.<\/p>\n

What is the Open Interest and Volume relative to other contracts in the same industry, index , futures contract type.<\/p>\n

<\/p>\n

2) \u00a0What is the nominal cash value of the Futures or Commodity contract you are going to trade? S&P 500\u00a0at a price of 2010.00 X $50 = $100,500.00,\u00a0 How deep are your pockets? Then the day margin is only 500.00?<\/p>\n

#2 Yellow Corn $3.72 per bushel x 5000\/bu = $18,600.00\u00a0\u00a0 roughly 19 percent of the ES.\u00a0 There is a notable difference.<\/p>\n

3) \u00a0What has the near-term dollar value volatility been for the market(s) you are anticipating?<\/p>\n

Let’s use The ES\u00a0 and ZC ( Corn) examples from today, The ESM6 hi was 2015.00 and lo 2002.00 that’s 13 points or $650.00, a quiet day\u00a0 and for the Corn? 3.74 hi \u00a0and 3.7025 lo \u00a03 \u00be cents per bushel that’s $187.50.<\/p>\n

You can more easily see through this example how important your size is in managing your expectations.<\/p>\n

Plan your trade around greater volatility than the market currently reflects, be ready for a 39 point range in the ES and a 10 cent range in the corn, I like to use a multiplier of 3 after I calculate dollar volatility. \u00a0If you do these three things consistently, you will find that you have traded the correct size to your benefit.<\/p>\n

Have you checked out iSystems?? This cutting edge technology allows you to select, activate, change and view in real time professionally designed trading systems! Check out live data at:\u00a0https:\/\/cannon.isystems.com<\/a><\/strong><\/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 June 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2029.50<\/td>\n4415.58<\/td>\n17322<\/td>\n1091.63<\/td>\n97.48<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2022.25<\/td>\n4392.92<\/td>\n17252<\/td>\n1086.77<\/td>\n97.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2016.50<\/td>\n4376.83<\/td>\n17195<\/td>\n1082.43<\/td>\n96.87<\/td>\n<\/tr>\n
Pivot<\/td>\n2009.25<\/td>\n4354.17<\/td>\n17125<\/td>\n1077.57<\/td>\n96.50<\/td>\n<\/tr>\n
Support 1<\/td>\n2003.50<\/td>\n4338.08<\/td>\n17068<\/td>\n1073.23<\/td>\n96.27<\/td>\n<\/tr>\n
Support 2<\/td>\n1996.25<\/td>\n4315.42<\/td>\n16998<\/td>\n1068.37<\/td>\n95.90<\/td>\n<\/tr>\n
Support 3<\/td>\n1990.50<\/td>\n4299.33<\/td>\n16941<\/td>\n1064.03<\/td>\n95.66<\/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>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1286.3<\/td>\n16.24<\/td>\n40.55<\/td>\n162 26\/32<\/td>\n1.1287<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1274.1<\/td>\n16.05<\/td>\n39.66<\/td>\n162 14\/32<\/td>\n1.1247<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1254.3<\/td>\n15.70<\/td>\n38.46<\/td>\n161 30\/32<\/td>\n1.1189<\/td>\n<\/tr>\n
Pivot<\/td>\n1242.1<\/td>\n15.51<\/td>\n37.57<\/td>\n161 18\/32<\/td>\n1.1149<\/td>\n<\/tr>\n
Support 1<\/td>\n1222.3<\/td>\n15.16<\/td>\n36.37<\/td>\n161 2\/32<\/td>\n1.1091<\/td>\n<\/tr>\n
Support 2<\/td>\n1210.1<\/td>\n14.97<\/td>\n35.48<\/td>\n160 22\/32<\/td>\n1.1051<\/td>\n<\/tr>\n
Support 3<\/td>\n1190.3<\/td>\n14.62<\/td>\n34.28<\/td>\n160 6\/32<\/td>\n1.0993<\/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>\n373.9<\/td>\n488.0<\/td>\n903.17<\/td>\n275.97<\/td>\n1.95<\/td>\n<\/tr>\n
Resistance 2<\/td>\n371.6<\/td>\n483.8<\/td>\n900.08<\/td>\n274.63<\/td>\n1.90<\/td>\n<\/tr>\n
Resistance 1<\/td>\n370.2<\/td>\n481.3<\/td>\n897.92<\/td>\n273.07<\/td>\n1.86<\/td>\n<\/tr>\n
Pivot<\/td>\n367.8<\/td>\n477.0<\/td>\n894.83<\/td>\n271.73<\/td>\n1.82<\/td>\n<\/tr>\n
Support 1<\/td>\n366.4<\/td>\n474.5<\/td>\n892.7<\/td>\n270.2<\/td>\n1.8<\/td>\n<\/tr>\n
Support 2<\/td>\n364.1<\/td>\n470.3<\/td>\n889.58<\/td>\n268.83<\/td>\n1.73<\/td>\n<\/tr>\n
Support 3<\/td>\n362.7<\/td>\n467.8<\/td>\n887.42<\/td>\n267.27<\/td>\n1.69<\/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
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:55pm<\/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 15<\/td>\n\u00a03:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Final CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\nEmployment Change q\/q<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nCore Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPPI m\/m<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRetail Sales m\/m<\/td>\n<\/td>\n<\/td>\n-0.1%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCore PPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nEmpire State Manufacturing Index<\/td>\n<\/td>\n<\/td>\n-10.3<\/td>\n-16.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nBusiness Inventories m\/m<\/td>\n<\/td>\n<\/td>\n0.0%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nNAHB Housing Market Index<\/td>\n<\/td>\n<\/td>\n59<\/td>\n58<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00pm<\/td>\nUSD<\/td>\n<\/td>\nTIC Long-Term Purchases<\/td>\n<\/td>\n<\/td>\n<\/td>\n-29.4B<\/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":[18,949,897,16],"class_list":["post-11049","post","type-post","status-publish","format-standard","hentry","category-day-trading-2","category-future-trading-news","category-futures-trading-2","tag-day-trading","tag-future-trading-news","tag-futures-day-trading-guide","tag-futures-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11049","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=11049"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11049\/revisions"}],"predecessor-version":[{"id":11072,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11049\/revisions\/11072"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}