January 23rd, 2015 - Issue #771
In This Issue
1. Silver Bouncing off Lows Waiting for Europe QE
2. Top 50 Futures Trading Rules
3. Economic Calendar
1. Silver Bouncing off Lows Waiting for Europe QE
by Ilan Levy-Mayer
After a long period of declining prices we finally saw a significant bounce on silver futures, and if you look at my weekly chart below you will see that I got my first “buy signal” in more than 18 months. I tried to research and speculate on what the Europe QE announcement will do for silver prices and then I decided to stop…
- Click on this link to see more of this article.
2. Top 50 Futures Trading Rules
by Cannon Trading
Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures
1.) Have a Plan
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.) News Factor
Many traders don't realize the news they hear and read has, in many cases, already been discounted by the market.
3.) Trade Objectively
After several profitable trades, many speculators become wild and nonconservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that "can't fail."
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3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 1/26 Mon |
||
| 1/27 Tues |
7:30 AM CST - Durable Orders(Dec) 7:30 AM CST - Durable Goods-Ex Transportation(Dec) 8:00 AM CST - Case-Shiller 20-City Index(Nov) 9:00 AM CST - Consumer Confidence(Jan) 9:00 AM CST - New Home Sales(Dec) |
LT: Feb Copper Options(CMX) Feb Gold Options(CMX) Feb Silver Options(CMX) Feb Natural Gas Options(NYM) Feb RBOB & ULSD Options(NYM) |
| 1/28 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 9:30 AM CST - API & DOE Energy Stats 1:00 PM CST - FOMC Rate Decision 2:00 PM CST - Dairy Products Sales |
LT: Jan Copper(CMX) Jan Gold(CMX) Jan Silver(CMX) Jan Platinum(NYM) Jan Palladium(NYM) Feb Natural Gas(NYM) |
| 01/29 Thurs |
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Pending Home Sales(Dec) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
FN: Feb Natural Gas(NYM) LT: Jan Feeder Cattle(CME) Jan Feeder Cattle Options(CME) |
| 01/30 Fri |
7:30 AM CST - GDP-Adv(Q4) 7:30 AM CST - Chain Deflator-Adv(Q4) 7:30 AM CST - Employment Cost Index(Q4) 8:45 AM CST - Chicago PMI(Jan) 8:55 AM CST - Michigan Sentiment-Final(Jan) |
FN: Feb Copper(CMX) Feb Gold & Silver(CMX) Feb Platinum & Palladium(NYM) LT: Jan Fed Funds(CME) Feb RBOB & ULSD(NYM) Jan Fed Funds Options(CME) Jan Lumber Options(CME) |
* 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!
