February 23rd, 2018 Newsletter

Trading 102: Insights of a Day Trader along with Beans Complex Outlook

February 23, 2018 - Issue #911

In This Issue

1. Trading 102: Insights from a Day Trader
2. Hot Market Report: Bullish Soybean complex
3. Economic Calendar

1. Trading 102: Insights from a Day Trader on preparing for the trading day, mental notes and much more - Written by a current, active day-trader

The following was shared with me by a client of ours, an international trader, who has been trading with us for a few years now. I was VERY IMPRESSSED with the content and the thoughts behind this so I asked his permission to share this with our readers and he agreed. The content was originally written in another language and the transaltion below is intended to try and preserve some of the autheticity of the writing....

Focusing for the Trading Day

1. I believe that you can earn and make a living from intraday trading on futures contracts. It is very difficult but achievable.

2. Responsibility - I am absolutely responsible for being an intraday trader in general and for my trading activities in particular. This responsibility is comprehensive, expansive (also subjects that are not directly responsible for me - they are my responsibility !!!) and can not be divided.

3. My trading plan is orderly and has a positive financial profit expectancy. I believe in her.

4. Success in intraday trading is a statistical matter and therefore I am required to adopt a statistical thinking that focuses on long-term profitability rather than focusing on the outcome of a single transaction / short sequence of transactions. I have no control over the order in which the results of the transactions appear and therefore I am required to be able to withstand a series of losses.

5. My trading plan is orderly and has a positive financial profit expectancy. I believe in her.

5. My ego has a decisive influence on my trading way by guiding me to the desire to win every deal and since it is not possible to win every transaction I have to produce control over the ego and thereby reduce its influence on my trading.

Please fill out the form below to read the remaining article.

Insights of a Day Trader

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Cannon Trading respects your privacy and will never give this information to a 3rd party.

2. Hot Market Report: Soybean Complex Showing Strength

By Ilan Levy-Mayer, VP

Click on image below to enlarge

soymeal futures; The bean complex includes soybeans, bean meal and bean oil. The chart you see is for the Bean Meal weekly chart. The meal has been the leader of the complex and the recent move in the beans family may signal a start for a move in the rest of the grain markets. See the "blue square" buy signal we got a few weeks ago and you can see possible targets along with support lines on the weekly chart which is obviously a longer term outlook. Our brokers here at Cannon will be happy to chat about the bean complex, grain markets, possible spreads and much more! Feel free to contact us at any time.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
02/23
Fri
7:30 AM CST - USDA Weekly Export Sales
2:00 PM CST - Cattle On Feed
 
 
LT: Mar 2,5,10 Year Notes Options(CBT)
Mar Bonds Options(CBT)
Mar Canola Options(CBT)
Mar Wheat Options(CBT)
Mar Corn Options(CBT)
Mar Oats Options(CBT)
Mar Rough Rice Options(CBT)
Mar Soybeans,Soymeal,Soyoil Options(CBT)
Mar Natural Gas Options(NYM)
Mar RBOB & ULSD Options(NYM)
02/26
Mon
7:30 AM CST - New Home Sales(Jan)
2:00 PM CST - Trout Production
 
 
LT: Feb Copper(CMX)
Feb Gold(CMX)
Feb Silver(CMX)
Feb Platinum(NYM)
Feb Palladium(NYM)
Mar Natural Gas(NYM)
02/27
Tue
7:30 AM CST - Durable Goods-Ex Transportation(Jan)
7:30 AM CST - Durable Orders(Jan)
8:00 AM CST - FHFA Housing Price Index(Dec)
9:00 AM CST - Consumer Confidence(Feb)
3:30 PM CST - API Energy Stocks
FN: Mar Natural Gas(NYM)
LT: Feb Butter(CME)
Feb Milk(CME)
Feb Butter Options(CME)
Feb Milk Options(CME)
02/28
Wed
6:00 AM CST - MBA Mortgage Applications Index
7:30 AM CST - GDP Deflator-Second Estimate(Q4)
9:00 AM CST - Pending Home Sales(Jan)
9:30 AM CST - EIA Petroleum Status Report
2:00 PM CST - Dairy Product Sales
FN: Mar 2,5,10 Year Notes(CBT)
Mar Bonds(CBT)
Mar Copper(CMX)
Mar Gold & Silver(CMX)
Mar Platinum & Palladium(NYM)
Mar Canola(CBT)
Mar Wheat(CBT)
Mar Corn(CBT)
Mar Oats(CBT)
Mar Rough Rice(CBT)
Mar Soybeans,Soymeal,Soyoil(CBT)
LT: Feb Fed Funds(CME)
Feb Live Cattle(CME)
Mar RBOB & ULSD(NYM)
Mar Sugar-11(ICE)
Feb Fed Funds Options(CME)
Mar Lumber Options(CME)


03/01
Thu
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - PCE Prices(Jan)
7:30 AM CST - PCE Prices-Core(Jan)
7:30 AM CST - Personal Income & Spending(Jan)
9:00 AM CST - ISM Index(Feb)
9:00 AM CST - Construction Spending(Jan)
9:30 AM CST - EIA Natural Gas Storage
1:00 PM CST - Auto & Truck Sales(Feb)
2:00 PM CST - Cotton System & Annual
2:00 PM CST - Fats & Oils & Annual
2:00 PM CST - Grain Crushings & Annual
3:30 PM CST - Money Supply
FN: Mar Orange Juice(ICE)
Mar Sugar-11(ICE)

 
03/02
Fri
9:00 AM CST - Michigan Sentiment-Final(Feb)
 
 
 
FN: Mar RBOB & ULSD(NYM)
LT: Mar Live Cattle Options(CME)
 
 
03/05
Mon
9:00 AM CST - ISM Services(Feb)
 
 
 

 
 
 
03/06
Tue
9:00 AM CST - Factory Orders(Jan)
3:30 PM CST - API Energy Stocks
 
 

 
 
 
03/07
Wed
6:00 AM CST - MBA Mortgage Applications Index
7:15 AM CST - ADP Employment Change(Feb)
7:30 AM CST - Productivity-Rev(Q4)
7:30 AM CST - Trade Balance(Jan)
9:30 AM CST - EIA Petroleum Status Report
2:00 PM CST - Consumer Credit(Jan)
2:00 PM CST - Dairy Products Sales
LT: Mar Cotton(NYM)
 
 
 
03/08
Thu
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:30 AM CST - EIA Natural Gas Report
11:00 AM CST - WASDE Report & Crop Production
3:30 PM CST - Money Supply
LT: Mar Nikkei(CME)
Mar Nikkei Options(CME)

 
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* 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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