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July 5th, 2019 Newsletter

Before you can succeed in daytrading you first need to survive so read some ideas and pointers on how to do that as well as take a look at coffee chart and analysis

July 5th, 2019 - Issue #972

In This Issue

1. Trading 201: Survivor Day-Trader
2. Hot Market Report: Coffee Futures - First Bullish Sign in Weeks
3. Economic Calendar

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1. Trading 201: Survivor Day-Trader

By: Ilan Levy-Mayer, Cannon Trading VP

Survivor Day Trading

This article was published by the Stocks, Futures, & Options Magazine in September, 2007 and was written by our VP, Ilan Levy-Mayer. We think this article is timeless and whether you are beginner or advanced trader, you will enjoy it.

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers.

I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day trade.

Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done.

Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.

Preserve Your Trading Capital

Read the Full Article

Survivor Day-Trading

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2. Hot Market Report: Coffee Futures - First Bullish Sign in Weeks

By Matt Kang, Senior Broker

Click on image below to enlarge

KC futures;

Coffee futures are part of the SOFTS family which includes Cocoa, Sugar, Cotton, Coffee and Orange Juice. All traded on the ICE exchange.

Daily chart from this morning, (July 5th 2019). Daily chart is looking strong in my opinion, we got our first bullish signal this week above 108, the first bullish signal according to indicators I use in a few months and we will have to wiat and see how price reacts at next support and resistance levels. Current coffee supplies have tightened after ICE-monitored coffee inventories earlier this week. However, the global coffee export rose +7.5% for this year so far. Therefore, the coffee market prediction would be bullish. This chart was prepared using CQG Q Trader software, which you can demo for 14 days with realtime data.
To access a free trial to the ALGOS shown in the chart ( DIAMONDS included) along with other tools, visit and sign up for a free trial for 21 days with real-time data.

ICE Arabica Coffee Specs
Hours: 03:15 AM to 12:30 PM Central Time
Margins: $2640.00 initial, $2400 Maint. ( as of the date of this newsletter)
Point Value: full point = $375.00 ( Example: 100.00 to 99.00). Min fluctuation is 0.05 = $18.75 ( Example: 100.00 to 99.95) Settlement: Physical Delivery
Months: (Sep, Dec, Mar, May, July)
Weekly Options:YES

Some of the basic fundamentals to keep in mind when you are considering trading coffee futures:
1. Supply and Demand.
2. Brazil, Vietnam, Columbia and Indonesia are the primary producers
3. Freezes
4. Technological advances
5. the makeup of open interest thru the COT reports
6. Inflationary prospects
7. Geopolitical Stability

Our brokers here at Cannon will be happy to chat about the Coffee market, other exotic products, other futures, options, futures 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
07/04
Thu
INDEPENDENCE DAY
 
 
 

 
 
 
07/05
Fri
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Unemployment Rate(Jun)
7:30 AM CDT - Ave Workweek & Hourly Earnings(Jun)
7:30 AM CDT - Nonfarm Payrolls(Jun)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: Jul Canadian Dollar Options(CME)
Jul Currencies Options(CME)
Jul Mx Peso Options(CME)
Jul US Dollar Index Options(ICE)
Jul Live Cattle Options(CME)
Aug Cocoa Options(ICE)
07/08
Mon
2:00 PM CDT - Consumer Credit(May)
3:00 PM CDT - Crop Progress
 
 

 
 
 
07/09
Tue
3:30 PM CDT - API Energy Stocks
 
 
 

 
 
 
07/10
Wed
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - Wholesale Inventories(May)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales

 
 
 
07/11
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core CPI & CPI(Jun)
9:30 AM CDT - EIA Natural Gas Report
11:00 AM CDT - WADSE Report & Crop Production
1:00 PM CDT - Treasury Budget(Jun)
3:30 PM CDT - Money Supply

 
 
 
07/12
Fri
7:30 AM CDT - Core PPI & PPI(Jun)
 
 
 
LT: Jul Canola(CBT)
Jul Wheat(CBT)
Jul Corn(CBT)
Jul Oats(CBT)
Jul Rough Rice(CBT)
Jul Soybeans,Soymeal,Soyoil(CBT)
Jul Eurodollar Options(CME)
Aug Coffee Options(ICE)

07/15
Mon
7:30 AM CDT - Empire State Manufacturing(Jul)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Crop Progress
 
LT: Jul Eurodollar(CME)
Jul Lean Hogs(CME)
Jul Lumber(CME)
Jul Mx Peso(CME)
Jul Lean Hogs Options(CME)
Aug Sugar-11 Options(ICE)
07/16
Tue
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Jun)
7:30 AM CDT - Retail Sales(Jun)
7:30 AM CDT - Retail Sales Ex-Auto(Jun)
8:15 AM CDT - Capacity Util & Industrial Prod(Jun)
9:00 AM CDT - Business Inventories(May)
3:00 PM CDT - Net Long-Term TIC Flows(May)
3:30 PM CDT - API Energy Stocks
FN: Jul Lumber(CME)
LT: Jul Cocoa(ICE)
 
 
07/17
Wed
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Building Permits & Housing Starts(Jun)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Fed's Beige Book(Jul)
2:00 PM CDT - Dairy Products Sales
LT: Aug Crude Lt Options(NYM)
Aug Platinum Options(NYM)
Aug Palladium Options(NYM)
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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