May 30, 2014 - Issue #739
In This Issue
1. iSystems - Let the ALGOs do the heavy lifting
2. Gold Outlook by Ilan Levy-Mayer
3. Economic Calendar
1. iSystems - Let the ALGOs do the heavy lifting
Join us for a Webinar on June 5
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/888384882
oin us for an informative and entertaining 60 minute webinar on iSystems, a new Automated Trading Systems Platform. We’ll be joined by Walter Gallwas, President of iSystems.
Most traders have heard of ALGO trading, trading systems and some may be trading a system in order to take the emotions out of trading, and this educational webinar on DATE/ TIME will cover all of the benefits of trading systems and the iSystems platform, including:
• What are trading systems?
• What is iSystems?
• Finding the right trading system for you and helps keep you consistent in your trading.
• Ways to trade automated trading systems
Seats are limited, as attendees will also receive direct access to:
1. The 200+ professionally developed trading systems on the iSystems Platform
2. A plethora of educational and "how to" articles relating to trading systems from many angles.
Futures and forex trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and
Title: |
iSystems - Let the ALGOs do the heavy lifting |
Date: |
Thursday, June 5, 2014 |
Time: |
1:15 PM - 2:15 PM PDT |
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 8, 7, Vista, XP or 2003 Server
Mac®-based attendees
Required: Mac OS® X 10.6 or newer
Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet
2. Gold outlook
Gold Futures About To Break Out, But In Which Way?
by Ilan Levy-Mayer, VP of Cannon Trading
This was an article was highlighted on the popular Investing.com click on image below to enlarge
The Daily chart of June Gold Futures below shows the market has been trading in a very tight range (relatively to gold) since March 25th. Markets go between periods of low volatility/tight ranges to high volatility/ wide ranges. One common tool traders use to measure it, is the ATR (Avg. True Range) which hit its lowest point since January of this year.
Two main questions traders have: What way will the breakout take place? And, when?
Click on this link to read the remaining article.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 06/02 Mon |
9:00 AM CDT - ISM Index(May) 9:00 AM CDT - Construction Spending(Apr) |
|
| 06/03 Tues |
9:00 AM CDT - Factory Orders(Apr) 1:00 PM CDT - Auto & Truck Sales(May) |
FN: Jun RBOB & ULSD(NYM) LT: May Butter(CME) May Milk(CME) May Butter Options(CME) May Milk Options(CME) |
| 06/04 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:15 AM CDT - ADP Employment Change(May) 7:30 AM CDT - Trade Balance(Apr) 7:30 AM CDT - Productivity-Rev(Q1) 7:30 AM CDT - Unit Labor Costs(Q1) 9:00 AM CDT - ISM Services(May) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book(Jun) 3:00 PM CDT - Dairy Products Sales |
|
| 06/05 Thurs |
6:30 AM CDT - Challenger Job Cuts(May) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 06/06 Fri |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - PCE Prices-Core(Apr) 7:30 AM CDT - Personal Income & Spending(Apr) 8:45 AM CDT - Chicago PMI(May) 8:55 AM CDT - Michigan Sentiment-Final(May) |
LT: Jun Canadian Dollar Options(CME) Jun Currencies Options(CME) Jun US Dollar Index Options(ICE) Jun Live Cattle Options(CME) Jul Cocoa Options(ICE) Options(CME) |
| 06/09 Mon |
9:00 AM CDT - ISM Index(May) 9:00 AM CDT - Construction Spending(Apr) |
FN: Jun Live Cattle(CME) LT: Jul Sugar-16(ICE) |
* 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!
