{"id":11257,"date":"2016-05-16T12:12:02","date_gmt":"2016-05-16T20:12:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11257"},"modified":"2016-05-17T06:01:48","modified_gmt":"2016-05-17T14:01:48","slug":"futures-day-trading-tips-5-17-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-day-trading-tips-5-17-2016\/","title":{"rendered":"Futures Day Trading Tips 5.17.2016"},"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 May 17, 20<\/strong><\/a><\/strong>16<\/strong><\/a><\/p>\n

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

For\u00a02016\u00a0I would like to wish all of you discipline and patience in your trading!<\/i><\/p>\n

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

<\/strong>Survivor Day Trading<\/strong><\/p>\n

\n

This article was published by the\u00a0Stocks, Futures, & Options Magazine\u00a0in September, 2007 and was written by our VP, Ilan Levy-Mayer. We think this article is timeless and whether you are beginner or advanced trader, you will enjoy it.<\/p>\n

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.<\/p>\n

What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done. Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.<\/p>\n

Preserve Your Trading Capital<\/p>\n

Just The liquidity and volume of markets including the E-mini S&P 500, U.S. 30-year bonds and many others are attracting increasing numbers of day traders. The speed of execution, the growth in technology and a continued trend toward lower commissions provides an attractive environment for day trading. Today, traders can take into account mixed markets that are open nearly 24 hours a day and offer low day-trading margins. It\u2019s easy to understand the reason some futures markets are now considered day-trading heavens for many who previously traded stocks, foreign exchange and other instruments.<\/p>\n

Please fill out the form below<\/a>\u00a0to download the \u201cSurvivor Day trading\u201d PDF and read about:<\/p>\n

Fear and Greed<\/p>\n

Calculating daily profit targets and daily loss limits<\/p>\n

Position Size and more\u2026..<\/a><\/p>\n<\/div>\n

\n
\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>\u00a0<\/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
Contract June 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2109.33<\/td>\n4495.50<\/td>\n18053<\/td>\n1145.27<\/td>\n94.97<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2088.92<\/td>\n4443.75<\/td>\n17879<\/td>\n1131.93<\/td>\n94.82<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2075.83<\/td>\n4409.00<\/td>\n17769<\/td>\n1122.67<\/td>\n94.68<\/td>\n<\/tr>\n
Pivot<\/td>\n2055.42<\/td>\n4357.25<\/td>\n17595<\/td>\n1109.33<\/td>\n94.53<\/td>\n<\/tr>\n
Support 1<\/td>\n2042.33<\/td>\n4322.50<\/td>\n17485<\/td>\n1100.07<\/td>\n94.38<\/td>\n<\/tr>\n
Support 2<\/td>\n2021.92<\/td>\n4270.75<\/td>\n17311<\/td>\n1086.73<\/td>\n94.23<\/td>\n<\/tr>\n
Support 3<\/td>\n2008.83<\/td>\n4236.00<\/td>\n17201<\/td>\n1077.47<\/td>\n94.09<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/td>\nJuly Silver<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1305.9<\/td>\n17.74<\/td>\n50.33<\/td>\n168 2\/32<\/td>\n1.1391<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1298.2<\/td>\n17.59<\/td>\n49.16<\/td>\n167 15\/32<\/td>\n1.1371<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1287.1<\/td>\n17.39<\/td>\n48.50<\/td>\n166 19\/32<\/td>\n1.1350<\/td>\n<\/tr>\n
Pivot<\/td>\n1279.4<\/td>\n17.23<\/td>\n47.33<\/td>\n166<\/td>\n1.1330<\/td>\n<\/tr>\n
Support 1<\/td>\n1268.3<\/td>\n17.03<\/td>\n46.67<\/td>\n165 4\/32<\/td>\n1.1309<\/td>\n<\/tr>\n
Support 2<\/td>\n1260.6<\/td>\n16.88<\/td>\n45.50<\/td>\n164 17\/32<\/td>\n1.1289<\/td>\n<\/tr>\n
Support 3<\/td>\n1249.5<\/td>\n16.68<\/td>\n44.84<\/td>\n163 21\/32<\/td>\n1.1268<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly SoyMeal<\/td>\nJune Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n403.8<\/td>\n486.1<\/td>\n1082.58<\/td>\n371.20<\/td>\n2.13<\/td>\n<\/tr>\n
Resistance 2<\/td>\n399.0<\/td>\n480.9<\/td>\n1075.17<\/td>\n367.80<\/td>\n2.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n396.5<\/td>\n477.8<\/td>\n1069.83<\/td>\n364.50<\/td>\n2.07<\/td>\n<\/tr>\n
Pivot<\/td>\n391.8<\/td>\n472.7<\/td>\n1062.42<\/td>\n361.10<\/td>\n2.05<\/td>\n<\/tr>\n
Support 1<\/td>\n389.3<\/td>\n469.6<\/td>\n1057.1<\/td>\n357.8<\/td>\n2.0<\/td>\n<\/tr>\n
Support 2<\/td>\n384.5<\/td>\n464.4<\/td>\n1049.67<\/td>\n354.40<\/td>\n1.98<\/td>\n<\/tr>\n
Support 3<\/td>\n382.0<\/td>\n461.3<\/td>\n1044.33<\/td>\n351.10<\/td>\n1.94<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports<\/strong><\/p>\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\n\n\n
Date<\/th>\n4:03pm<\/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
TueMay 17<\/td>\n<\/a>\u00a04:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Trade Balance<\/div>\n<\/td>\n
<\/td>\n<\/td>\n4.21B<\/td>\n3.86B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
CPI y\/y<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
PPI Input m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.1%<\/td>\n2.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
RPI y\/y<\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.6%<\/td>\n1.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Core CPI y\/y<\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.5%<\/td>\n1.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
HPI y\/y<\/div>\n<\/td>\n
<\/td>\n<\/td>\n7.9%<\/td>\n7.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
PPI Output m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Trade Balance<\/div>\n<\/td>\n
<\/td>\n<\/td>\n23.1B<\/td>\n20.2B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Buba Monthly Report<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Building Permits<\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.13M<\/td>\n1.09M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
CPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Core CPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Housing Starts<\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.12M<\/td>\n1.09M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
Capacity Utilization Rate<\/div>\n<\/td>\n
<\/td>\n<\/td>\n75.1%<\/td>\n74.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Industrial Production m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n-0.6%<\/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>
\n<\/strong><\/h3>\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":[67,61],"tags":[949,929,144],"class_list":["post-11257","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-future-trading-news","tag-futures-trading-daily-support","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11257","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=11257"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11257\/revisions"}],"predecessor-version":[{"id":11260,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11257\/revisions\/11260"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}