{"id":3049,"date":"2012-01-27T01:29:09","date_gmt":"2012-01-27T09:29:09","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3049"},"modified":"2017-05-30T06:14:52","modified_gmt":"2017-05-30T14:14:52","slug":"few-pointers-for-you-day-traders-out-there-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/few-pointers-for-you-day-traders-out-there-support-and-resistance-levels\/","title":{"rendered":"Few pointers for you day-traders out there | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong>
\n5.Economic Report for January 27, 2012<\/a><\/strong><\/p>\n

1. Market Commentary<\/h3>\n

Few pointers for you day-traders out there. I am sure you have heard some from different resources but never hurts to read and absorb this again:<\/p>\n

1. Be patient
\n2. Limit the number of hours you trade
\n3. Know your DAILY risk before the day begins and this will dictate
\nthe number of contracts you trade
\n4. Choose markets with high liquidity
\n5. Know what reports come out every day and their impact on the markets.
\n6. Understand that even the best methods will have losing days.
\n7. Learn to accept loses
\n8. use RISK CAPITAL only
\n9. Don’t try to trade and do other things….
\n10. Educate yourself
\n11. Keep a trading journal<\/p>\n

More to come in a webinar over the next few weeks. Will keep you posted.<\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (Dec. 2011)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1346.17<\/td>\n2510.67<\/td>\n12895<\/td>\n809.77<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1337.83<\/td>\n2494.33<\/td>\n12837<\/td>\n804.23<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1326.17<\/td>\n2474.17<\/td>\n12759<\/td>\n798.17<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1317.83<\/td>\n2457.83<\/td>\n12701<\/td>\n792.63<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1306.17<\/td>\n2437.67<\/td>\n12623<\/td>\n786.57<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1297.83<\/td>\n2421.33<\/td>\n12565<\/td>\n781.03<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1286.17<\/td>\n2401.17<\/td>\n12487<\/td>\n774.97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nFeb. Gold<\/td>\nDec. Euro<\/td>\nJan. Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1761.9<\/td>\n1.3257<\/td>\n103.28<\/td>\n144 16\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1746.7<\/td>\n1.3222<\/td>\n102.34<\/td>\n143 23\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1733.4<\/td>\n1.3164<\/td>\n101.12<\/td>\n143 8\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1718.2<\/td>\n1.3129<\/td>\n100.18<\/td>\n142 15\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1704.9<\/td>\n1.3071<\/td>\n98.96<\/td>\n142<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1689.7<\/td>\n1.3036<\/td>\n98.02<\/td>\n141 7\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1676.4<\/td>\n1.2978<\/td>\n96.80<\/td>\n140 24\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMarch Corn<\/td>\nMarch Wheat<\/td>\nJan. Beans<\/td>\nMarch. Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n654.5<\/td>\n660.3<\/td>\n1237.17<\/td>\n3459.7<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n650.0<\/td>\n658.2<\/td>\n1233.58<\/td>\n3419.3<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n642.3<\/td>\n655.8<\/td>\n1228.17<\/td>\n3378.2<\/td>\n<\/tr>\n
Pivot Point<\/td>\n637.8<\/td>\n653.7<\/td>\n1224.58<\/td>\n3337.8<\/td>\n<\/tr>\n
Support Level 1<\/td>\n630.0<\/td>\n651.3<\/td>\n1219.2<\/td>\n3296.7<\/td>\n<\/tr>\n
Support Level 2<\/td>\n625.5<\/td>\n649.2<\/td>\n1215.58<\/td>\n3256.3<\/td>\n<\/tr>\n
Support Level 3<\/td>\n617.8<\/td>\n646.8<\/td>\n1210.17<\/td>\n3215.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

M3 Money Supply<\/p>\n

4:00am<\/p>\n

 <\/p>\n

Private Loans<\/p>\n

4:00am<\/p>\n

 <\/p>\n

WEF Annual Meetings<\/p>\n

Day 3<\/p>\n

 <\/p>\n

Advance GDP<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Advance GDP Price Index<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Revised UoM Consumer Sentiment<\/p>\n

9:55am<\/p>\n

 <\/p>\n

Revised UoM Inflation Expecations<\/p>\n

9:55am<\/p>\n","protected":false},"excerpt":{"rendered":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver 5.Economic Report for January 27, 2012 1. Market […]<\/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":[599,49],"class_list":["post-3049","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-day-traders","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3049","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=3049"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3049\/revisions"}],"predecessor-version":[{"id":12335,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3049\/revisions\/12335"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}