{"id":6983,"date":"2014-05-07T12:21:18","date_gmt":"2014-05-07T20:21:18","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6983"},"modified":"2014-09-16T04:47:03","modified_gmt":"2014-09-16T12:47:03","slug":"futures-day-trading-money-trade-management-economic-reports-5-07-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-day-trading-money-trade-management-economic-reports-5-07-2014\/","title":{"rendered":"Futures Day Trading Money and Trade Management & Economic Reports 5.07.2014"},"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 Thursday May 8, 2014<\/a><\/strong>
\n<\/a>
\nHello Traders,<\/strong><\/p>\n

For 2014 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!\u00a0<\/a><\/div>\n<\/div>\n
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A few words on why I think discretionary, day traders should limit the number of hours they spend in front of the screen….<\/p>\n

The longer you trade, the more chances you give the market to frustrate you, tire you and get you to a point where you can make mental mistakes that will cost you quite a bit….<\/p>\n

My recommendation is to work your trading hours into your life style and not vice versa unless you are a professional trader that actually makes a living from trading….<\/p>\n

Few ways one can try to preserve their “trading career”, almost like an athlete who should not play the full game, every game as he\/ she increases wear and tear, risk of injury etc….<\/p>\n

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Place a time limit.<\/p>\n

Set a daily profit target<\/p>\n

Set a daily loss limit<\/p>\n

Learn what reports or possibly times of the day are not as friendly to the market you are trading. It can be because of light volume, perhaps around certain trading reports etc.<\/p>\n

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Learn to step away and take a break, ESPECIALLY when things are not going the way you would like them to.<\/p>\n

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Have patience and discipline!<\/p>\n

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If you like the information we share?\u00a0We would appreciate your positive reviews on our new yelp!!<\/a><\/p>\n

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GOOD TRADING<\/strong><\/p>\n<\/div>\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

If you like Our Futures Trading Daily Support and Resistance Levels, Please share! <\/strong><\/p>\n

<\/div>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

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\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 2014<\/td>\n\u00a0SP500 (big & Mini)<\/a><\/td>\nNasdaq100 (big & Mini)<\/a><\/td>\nDow Jones (big & Mini)<\/a><\/td>\nMini Russell<\/a><\/td>\nDollar Index<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1900.00<\/td>\n3642.33<\/td>\n16695<\/td>\n1136.07<\/td>\n79.49<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1887.00<\/td>\n3604.42<\/td>\n16584<\/td>\n1123.03<\/td>\n79.39<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1880.50<\/td>\n3573.33<\/td>\n16527<\/td>\n1114.57<\/td>\n79.33<\/td>\n<\/tr>\n
Pivot<\/td>\n1867.50<\/td>\n3535.42<\/td>\n16416<\/td>\n1101.53<\/td>\n79.23<\/td>\n<\/tr>\n
Support 1<\/td>\n1861.00<\/td>\n3504.33<\/td>\n16359<\/td>\n1093.07<\/td>\n79.16<\/td>\n<\/tr>\n
Support 2<\/td>\n1848.00<\/td>\n3466.42<\/td>\n16248<\/td>\n1080.03<\/td>\n79.06<\/td>\n<\/tr>\n
Support 3<\/td>\n1841.50<\/td>\n3435.33<\/td>\n16191<\/td>\n1071.57<\/td>\n79.00<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/a><\/td>\nJuly Silver<\/a><\/td>\nJune Crude Oil<\/a><\/td>\nJune Bonds\u00a0<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1336.1<\/td>\n2010.3<\/td>\n102.42<\/td>\n136 31\/32<\/td>\n1.3957<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1325.5<\/td>\n1993.7<\/td>\n101.70<\/td>\n136 21\/32<\/td>\n1.3948<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1307.7<\/td>\n1962.8<\/td>\n101.21<\/td>\n136 10\/32<\/td>\n1.3929<\/td>\n<\/tr>\n
Pivot<\/td>\n1297.1<\/td>\n1946.2<\/td>\n100.49<\/td>\n136<\/td>\n1.3920<\/td>\n<\/tr>\n
Support 1<\/td>\n1279.3<\/td>\n1915.3<\/td>\n100.00<\/td>\n135 21\/32<\/td>\n1.3901<\/td>\n<\/tr>\n
Support 2<\/td>\n1268.7<\/td>\n1898.7<\/td>\n99.28<\/td>\n135 11\/32<\/td>\n1.3892<\/td>\n<\/tr>\n
Support 3<\/td>\n1250.9<\/td>\n1867.8<\/td>\n98.79<\/td>\n135<\/td>\n1.3873<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/a><\/td>\nJuly Wheat<\/a><\/td>\nJuly Beans<\/a><\/td>\nJuly SoyMeal<\/a><\/td>\nJuly bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n525.0<\/td>\n741.2<\/td>\n1463.50<\/td>\n485.03<\/td>\n41.05<\/td>\n<\/tr>\n
Resistance 2<\/td>\n521.5<\/td>\n740.1<\/td>\n1458.75<\/td>\n481.77<\/td>\n40.98<\/td>\n<\/tr>\n
Resistance 1<\/td>\n517.8<\/td>\n738.9<\/td>\n1452.50<\/td>\n478.33<\/td>\n40.90<\/td>\n<\/tr>\n
Pivot<\/td>\n514.3<\/td>\n737.8<\/td>\n1447.75<\/td>\n475.07<\/td>\n40.83<\/td>\n<\/tr>\n
Support 1<\/td>\n510.5<\/td>\n736.7<\/td>\n1441.5<\/td>\n471.6<\/td>\n40.8<\/td>\n<\/tr>\n
Support 2<\/td>\n507.0<\/td>\n735.6<\/td>\n1436.75<\/td>\n468.37<\/td>\n40.68<\/td>\n<\/tr>\n
Support 3<\/td>\n503.3<\/td>\n734.4<\/td>\n1430.50<\/td>\n464.93<\/td>\n40.60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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5. 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
Date<\/th>\n4:17pm<\/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
ThuMay 8<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nFrench Bank Holiday<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Industrial Production m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:45am<\/td>\nEUR<\/td>\n<\/td>\nMinimum Bid Rate<\/td>\n<\/td>\n<\/td>\n0.25%<\/td>\n0.25%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nEUR<\/td>\n<\/td>\nECB Press Conference<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n328K<\/td>\n344K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:30am<\/td>\nUSD<\/td>\n<\/td>\nFed Chair Yellen Testifies<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Tarullo Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n<\/td>\n82B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:01pm<\/td>\nUSD<\/td>\n<\/td>\n30-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n3.53|2.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by 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 judgment in trading.<\/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 Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[133,63,268,144],"class_list":["post-6983","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6983","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=6983"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6983\/revisions"}],"predecessor-version":[{"id":6986,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6983\/revisions\/6986"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=6983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=6983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=6983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}