June 13th, 2014 - Issue #741
In This Issue
1. Rollover Notice:
2. Why didn't I get filled?
3. Economic Calendar
1. Rollover Notice
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the "Big" pit-traded S&P 500, etc., it is extremely important to remember that front month is now September for stock index futures and currencies.
Starting June12th, the September 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2014 contract as of June 12th. Volume in the June 2014 contracts will begin to drop off until its expiration on Friday June 20th.
The month code for September is U4.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
Please close any open June Currency positions by the close on Friday the 13th.
Should you have any further question please contact your broker.
2. Why Didn't I Get Filled?
"A treatise to Demo Traders”, on behalf of Commodities brokers everywhere.
By: A Cannon Trading Commodities Broker
Demo Trading. Also known as simulated trading, paper trading, playing with Monopoly money; whatever you'd like to call it, a demo can be your best friend or your worst enemy. Every Futures broker dreads having this conversation with their clients, as it is necessary with every new trader; however, much to a broker’s chagrin, every new trader will say that they already understand when in fact they rarely do. Let me assure you, if you're a new or even intermediate trader, you probably don't. You may understand one popular issue of the conversation but odds are if you have been paper trading for five years waiting to be "successful" or to "understand the futures markets" in the simulated world before moving on, you have less of a chance of being successful in the live futures markets because you're setting yourself up for failure (if you ever do, in fact, trade in the live markets). You should seriously consider speaking with a licensed commodities and futures broker before diving in.
For the uninitiated, demo trading is the practice of trying out an online trading platform on a simulated basis—in a free demo trading account, you’re granted simulated funds, you’re placing simulated orders in the markets and you’re shown simulated profits and losses on what your trades might have done for you if you were futures trading on a live platform with live funds. First and foremost, it’s a wonderful technological tool for testing out a platform to see if it will suit your trading methodology. It can also be used to try different trading strategies, but problems arise when one equates simulated trading too much with live futures trading.
To read the article "Why Didn't I get My Filled, fill out this form.
Cannon Trading respects your privacy and will never give this information to a 3rd party.3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 06/16 Mon |
7:30 AM CDT - Empire Manufacturing(Jun) 8:00 AM CDT - Net Long-Term TIC Flows(Apr) 8:15 AM CDT - Capacity Util & Industrial Prod(May) 9:00 AM CDT - NAHB Housing Market Index(Jun) |
LT: Jun Currencies(CME) Jun Eurodollar(CME) Jun US Dollar Index(ICE) Jun Eurodollar Options(CME) Jul Sugar-11 Options(ICE) |
| 06/17 Tues |
7:30 AM CDT - Building Permits & Housing Starts(May) 7:30 AM CDT - Core CPI & CPI(May) |
FN: Jun US Dollar Index(ICE) Jul Cocoa(ICE) LT: Jun Canadian Dollar(CME) Jul Crude Lt Options(NYM) |
| 06/18 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - Current Account Balance(Q1) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - FOMC Rate Decision(Jun) 3:00 PM CDT - Daily Products Sales |
LT: Jul Platinum Options(NYM) Jul Palladium Options(NYM) |
| 06/19 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(May) 9:00 AM CDT - Philadelphia Fed(Jun) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jun 10 Year Notes(CBT) Jun Bonds(CBT) Jun NASDAQ(CME) Jun S&P 500(CME) Jun NASDAQ Options(CME) Jun S&P 500 Options(CME) |
| 06/20 Fri |
2:00 PM CDT - Cattle On Feed |
FN: Jul Coffee(ICE) LT: Jun DJIA(CME) Jun E-Mini S&P 500(CME) Jun E-Mini NASDAQ(CME) Jun Russell(CME) Jul Crude Lt(NYM) Jun DJIA Options(CME) Jun E-Mini S&P 500 Options(CME) Jun E-Mini NASDAQ Options(CME) Jun Russell Options(CME) Jul 2,5,10 Year Notes Options(CBT) Jul Bonds Options(CBT) Jul Wheat Options(CBT) Jul Rough Rice Options(CBT) Jul Oats Options(CBT) Jul Corn Options(CBT) Jul Sobyean,Soymeal,Soyoil Options(CBT) Jul Orange Juice Options(ICE) |
| 06/23 Mon |
9:00 AM CDT - Existing Home Sales(May) 2:00 PM CDT - Cold Storage |
* 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!
