{"id":18172,"date":"2022-12-13T13:13:26","date_gmt":"2022-12-13T21:13:26","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18172"},"modified":"2022-12-13T13:13:26","modified_gmt":"2022-12-13T21:13:26","slug":"fomc-tomorrow-trading-levels-for-12-14-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-tomorrow-trading-levels-for-12-14-2022\/","title":{"rendered":"FOMC Tomorrow! + Trading levels for 12.14.2022"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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ROLL to MARCH 2023 equity contracts as we are seeing more volume in the March Contracts than in the December ones\u00a0the symbol for March is H\u00a0so a micro e-mini S&P contract will be MESH23<\/a>. Thursday we get Jobless claims, Retail sales and Industrial production.<\/p>\n

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Tomorrow we have FOMC<\/h3>\n

The following are my PERSONAL suggestions on trading during FOMC days:<\/p>\n

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\u00b7\u00a0\u00a0\u00a0\u00a0Reduce trading size<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Be extra picky = no trade is better than a bad trade<\/p>\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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Expect the higher volatility during and right after the announcement<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Expect to see some “vacuum” ( low volume, big zigzags) right before the number.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Consider using automated stops and limits attached to your entry order as the market can move very fast at times.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Know what the market was expecting, learn what came out and observe market reaction for clues<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Be patient and be disciplined<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0If in doubt, stay out!!<\/p>\n

A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions.<\/p>\n<\/div>\n

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Watch video below<\/a>\u00a0on how to rollover using our\u00a0FREE E-Futures Platform.<\/a><\/div>\n
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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

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

for 12-14-2022<\/p>\n

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SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency<\/figcaption><\/figure>\n
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Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon 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":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ ROLL to MARCH 2023 equity contracts as we are seeing more volume in the March Contracts than in the December ones\u00a0the symbol for March is H\u00a0so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,76,230,235,344],"tags":[],"class_list":["post-18172","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-trading-2","category-day-trading-2","category-index-futures","category-indices"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18172","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=18172"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18172\/revisions"}],"predecessor-version":[{"id":18173,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18172\/revisions\/18173"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}