{"id":15904,"date":"2020-03-05T13:22:52","date_gmt":"2020-03-05T21:22:52","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=15904"},"modified":"2020-03-05T13:22:52","modified_gmt":"2020-03-05T21:22:52","slug":"unemployment-tomorrow-futures-levels-3-06-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/unemployment-tomorrow-futures-levels-3-06-2020\/","title":{"rendered":"Unemployment Tomorrow & Futures Levels 3.06.2020"},"content":{"rendered":"

________________________________________________<\/span><\/b><\/em><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

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Dear Traders,<\/p>\n

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Due to the start of Daylight Savings Time starting in the U.S. on March 8 (this weekend), and British Summer Time not starting until March 29, European markets will open and close one hour later in the US during this time.\u00a0Also,\u00a0Coffee, Cocoa, and Sugar<\/a>\u00a0will open an hour later, but will close at their normal times.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Tomorrow we have monthly unemployment numbers in addition to the chaos in the markets…..<\/div>\n
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The following are my PERSONAL suggestions on trading during these days:<\/div>\n
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\u00b7\u00a0\u00a0\u00a0\u00a0Reduce trading size<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Be extra picky = no trade is better than a bad trade<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).<\/div>\n
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\u00b7\u00a0\u00a0\u00a0\u00a0Consider using automated stops and limits attached to your entry order as the market\u00a0can move very fast at times.<\/div>\n
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IMPORTANT –\u00a0second round\u00a0of equity margin increases, this week<\/div>\n
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ES, $7920 –> $8360<\/div>\n
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NQ, $9350 –> $9900<\/div>\n
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YM, $6820 –> $7480<\/div>\n
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RTY, $3960 –> 4125<\/div>\n
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Sometimes no trade is better than a bad trade.<\/div>\n
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MICROS are a good smaller alternative!!<\/div>\n
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Good Trading<\/strong><\/h3>\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.\u00a0 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 when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

03-06-2020<\/p>\n

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\"Futures<\/a><\/p>\n


\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
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https:\/\/bettertrader.co<\/a><\/div>\n<\/div>\n
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Order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 _________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Due to the start of Daylight Savings Time starting in the U.S. on March 8 (this weekend), and British Summer Time not starting until March 29, European markets will […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-15904","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15904","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=15904"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15904\/revisions"}],"predecessor-version":[{"id":15905,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15904\/revisions\/15905"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=15904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=15904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=15904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}