November 13, 2015 Newsletter

Top 50 Futures & Commodities Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures by Cannon Trading. Browse now!

November 13th, 2015 - Issue #809

In This Issue

1. Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures
2. Gold Futures Faking the Bulls - For Now
3. Economic Calendar

1. Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures

Five hundred experienced futures brokers were asked what caused most futures traders to lose money. Their answers reflected the trading experience of more than 10,000 futures traders. You may recognize some of your strengths and weaknesses. Many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that, alas, many futures traders lose money for many of the same reasons. Perhaps the statements of these experienced brokers can help you in the sometimes fickle, often intricate, and always interesting marketplace of futures trading.

Here is what they said.

1. Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they "second guess" it and don't stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.

2. Many traders don't realize the news they hear and read has, in many cases, already been discounted by the market. Download the PDF and find out what they said.

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2.  Gold Futures Faking the Bulls - For Now


Despite recent moves, copper still has to prove something...that something would be a close above 247.70.

Written by our VP, Ilan Levy-Mayer Featured on Equities

Gold Futures recently made a nice spike towards the $1200 mark and provided some false hope for the gold bulls as the market turned around and gave back almost all of its gains.

In the past gold was moved many times by fears of: (circle your favorite)

A. Inflation fears
B. Political unrest
C. Tight Supplies/ Governments selling their Gold
D. Public Affection
E. All of the Above

Well, all of these can be true at one point or another and were true at some point. As I am writing this towards the end of 2015, I believe that the main factor influencing gold right now from the fundamental point of view is technical...I get the feeling that until something big happens in the world (see points A through E above) that gold is pretty much is reacting strictly to charts and large traders moves.

Read the Full Article on

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
7:30 AM CST - Empire Manufacturing(Nov)
11:00 AM CST - NOPA Crush
FN: Nov Lumber(CME)
Dec Cocoa(ICE)
LT: Nov Eurodollar(CME)
Dec Sugar-11 Options(ICE)
7:30 AM CST - Core CPI & CPI(Oct)
8:15 AM CST - Capacity Util & Industrial Prod(Oct)
9:00 AM CST - NAHB Housing Market Index(Nov)
3:00 PM CST - Net Long-Term TIC Flows(Sep)
LT: Dec Crude Lt Options(NYM)
6:00 AM CST - MBA Mortgage Purchase Index
7:30 AM CST - Building Permits & Housing Starts(Oct)
9:30 AM CST - API & DOE Energy Stats
1:00 PM CST - FOMC Minutes
2:00 PM CST - Dairy Products Sales
LT: Dec Platinum Options(NYM)
Dec Palladium Options(NYM)
7:30 AM CST - USDA Weekly Export Claims
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Leading Indicators(Oct)
9:00 AM CST - Philadelphia Fed(Nov)
9:30 AM CST - EIA Gas Storage
2:00 PM CST - Milk Production
3:30 PM CST - Money Supply
FN: Dec Coffee(ICE)
LT: Nov Feeder Cattle(CME)
Nov Feeder Cattle Option(CME)
2:00 PM CST - Cattle On Feed
LT: Dec Crude Lt(NYM)
Nov Nikkei Options(CME)
Nov DJIA Options(CME)
Nov S&P 500 Options(CME)
Nov E-Mini S&P 500 Options(CME)
Nov NASDAQ Options(CME)
Nov Russell Options(CME)
Dec 2,5,10 Year Notes Options(CBT)
Dec Bonds Options(CBT)
Dec Canola Options(CBT)
Dec Corn Options(CBT)
Dec Oats Options(CBT)
Dec Wheat Options(CBT)
Dec Rough Rice Options(CBT)
Dec Soybeans,Soymeal,Soyoil Options(CBT)
Dec Orange Juice Options(ICE)
9:00 AM CST - Existing Home Sales(Oct)
2:00 PM CST - Cold Storage
FN: Dec Cotton(NYM)

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein 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!

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