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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Emini Russell Chart & Support and Resistance 4.08.2021

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Different rhythm to the market this week with Emini Russell versus what we saw last week before Good Friday.
Almost like two different animals all together…
Market rhythm, correlation between markets, money flow between assets, scheduled reports, longer term picture as well as volatility cycles all affect the intraday price action as well.
As far stock index futures, the emini Russell, RTY, has been a little smoother to trade in my opinion than the mini SP and MINI NASDAQ.
30 min chart for your review below:
Emini Russell Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-08-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Join us in our Private Facebook Group for Real Time Trade Updates, YM Chart Review & Support and Resistance Levels 4.07.2021

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Dear Traders,

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Different rhythm to the market this week versus what we saw last week before Good Friday.
Market rhythm, correlation between markets, money flow between assets, scheduled reports, longer term picture as well as volatility cycles all affect the intraday price action as well.
Do your homework each day before you start trading and keep notes.
If you like to have access to “wisdom nuggets” like the ones below shared BEFORE the market open, then join our private FB group at:
Here are some note from how we started the week yesterday –
04.05.21 Monday Morning commentary by Al Bicoff
SCO = STOP CLOSE ONLY
XX = STOP
GOOD MORNING.
M S&P held ALGO’S SCO @ 3966.00
on Friday and exploded higher.
LOW was 3964.50
S&P objective is 4,050
US$ traded -0.28 again, triggering
short covering in GOLD, SILVER & CRUDE
BULLISH for EQUITIES!
BONDS, paradoxically rallied with S&P’s,
taking some insurance over the long weekend against EQUITIES.
Someone is wrong. BONDS or S&P.
Educated guess, BONDS. Therefore,
BONDS will break and S&P’S will rally.
DOW objective 35,000
GERMAN BUNDS:
10) -0.322%
20) -0.028% / negative again
30) +0.229%
U.S. RATES:
FED FUNDS WINDOW:
(J) CLOSED 0.1825% UNCH
02) 0.162%
10) 1.673%
30) 2.334%
2/10 Yield Curve Closed 1.511%
5/30 Yield Curve Closed 1.428%
M US$ / Closed 92.947 -0.289
SUPPORT:
92.92
92.81 Sell SCO
92.70
M DOW / Closed 33,037 +139
SUPPORT:
32,962
32,887 Sell SCO
32,804
M S&P / Closed 4010.00 +42.50
SUPPORT:
3995.50
3983.50 Sell SCO
3970.50
Money flow for M S&P’S:
Negative= N / Positive= P
K CRUDE down 1.01 / N
K Copper up 11.35 / P
M BONDS down 0.06 / P
M YEN up 0.115 / N
M PALLADIUM down 22.80 / N
M US$ down 0.046 / P
K LUMBER closed 1012.60 +3.50
K CRUDE / Closed $61.45 +$2.29
RESISTANCE:
65.86
64.52 Buy SCO
63.36
SUPPORT:
58.98
57.78 Sell SCO
56.39
M BONDS / Closed 156.07 +1.20
RESISTANCE:
158.11
157.23 Buy SCO
157.06
SUPPORT
155.06
154.21 Sell SCO
154.01
K COPPER / Closed $3.9905 -0.50
RESISTANCE:
4.1815
4.1415 Buy SCO
4.1070
SUPPORT:
3.9935
3.9685 Sell SCO
3.9400
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
YM= Mini Dow 30 minute chart for your review below.
Emini Dow YM Futures Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-07-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Trading Support and Resistance Levels 4.06.2021

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Commentary will resume tomorrow.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-06-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Good Friday Trading Schedule & Support and Resistance Levels 4.02.2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-02-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Good Friday Holiday Trading Schedule & Support and Resistance Levels 4.01.2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

4-01-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Good Friday Trading Schedule + Dollar Index Chart Review & Support and Resistance Levels 3.31.2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Last trading day of the month is tomorrow. The trading day is also FULL of reports. Be ready, know when reports are out. I use a tool I really like, called BetterTrader.co Free trial available.
Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:
Dollar Index Chart for your review below. The DX has been a driving force behind moves in many commodities as most commodity futures are US$ based.
To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, pink squares = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-31-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

EMini Dow (YM) Chart Review & Support and Resistance Levels 3.30.2020

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Friday and today we saw “extra erratic” behavior in stock index futures.
Some attribute this to the liquidation of hedge funds on the equities side.
Others voiced their opinion to me that while in points the moves are erratic, if you translate the moves into PERCENT % of change, it is not too much different than a 18 months ago or so…we are simply trading much higher so the same % move equals more in terms of points.
Either way, for me personally it has been tough to read the markets as of lately, especially the indices. Couple of things that have helped are: using the MICROS so I can place stops/ entries and targets based on the chart and NOT my fear index. The other is diversifying with other markets, for example my read with 30 yr bonds and crude oil have been better.( I also started using the mini crude with some clients pending account size for the same reason above: “reduce the heart attack index”) . Last but not least, I PERSONALLY found out that with recent volatility the Emini Dow YM or MYM ( micro Dow) as well as the RTY and M2K ( mini and micro Russell) have been easier for me to read than trying to make sense of ES and NQ.
30 minutes chart of the Emini Dow YM below for illustration of the above comments.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-30-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Price Action & Clues to Look For, Mini Russell Chart Review, & Support and Resistance Levels 3.25.2021

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Look for clues from other markets, Money flow between markets.
Who is leading the way?
Are bonds leading the way? perhaps crude oil prices?
How about among stock indices?
These past few days it seems to me that small caps are leading the way and not the NASDAQ like it was a few weeks ago.
Look for clues from the price action in the mini Russell (RTY)?
Explore/ learn possible spread trading like YM vs. ES
RTY vs. YM?
NQ vs ES?
2*RTY vs NQ? or perhaps 1 mini Russell vs 5 MNQ?
Just sharing some thoughts and ideas for you to explore and do some homework on….
30 minutes chart of the mini Russell from today below.
E-Mini Russell Futures
To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-26-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Using Range Bar Charts when Trading & Futures Support and Resistance Levels 3.24.2021

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Why I like using range bar charts for daytrading futures
video below

Range Bar Charts Video:

Why I like Using Range Bar Charts for Day-trading Futures

Good Trading

Range Bar Charts, Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-25-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

ES Chart Review & Support and Resistance Levels 3.24.2021

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Look for clues from other markets, Money flow between markets, small excerpt from my colleague Al Bicoff that he sent me this morning before the cash open:
Money flow for M S&P’S:
K CRUDE down 2.34 / negative
K Copper down 5.05 / negative
M BONDS up 0.17 / negative
M YEN up 0.035 / negative
M PALLADIUM down 2.0 / negative
M US$ up 0.427/ negative
30 minutes chart of the ES from today below.
ES 30 Minute Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-24-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Bollinger Bands & Parabolics for Trade Exits? & Support and Resistance Levels 3.23.2021

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Updates include variety of trading topics and insight like
How I like to use Bollinger bands and Parabolics for trade exits
video below:
How I like to Use Bollinger Bands and Parabolics for Trade Exits

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-23-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Crude Oil Futures Chart Review & Support and Resistance Levels 3.19.2021

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Wow Crude Oil Futures!! May is now front month. CLK21 or GCLK21 or CLEK21
Daily chart below for reference.
Crude Oil Futures Daily Chart

Good Trading

Crude Oil Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-19-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

ES Tick Chart Review & Support and Resistance Levels 3.18.2020

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FOMC days are definitely different type of trading days!
Quiet choppy pre FOMC and then volatile, two sided action followed by a small sell off and then a sharp rally.
Write some notes in your trading journal. What the market did, how did you react, as much insight as you can so before the next FOMC meeting you can look back and use the notes for better trading.
Intraday ES ( mini SP500 ) chart below for your review.
Note the chart is a RANGE BAR chart, 12 ticks range bars in this case, covering the action from the actual announcement.
Emini ES Tick Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-18-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Rollover Indices/ Currencies/ Financials, FOMC Tomorrow & Support and Resistance Levels 3.16.2021

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It’s that time of the year where June contract is the front month for all stock indices/ currencies/ financials and other markets!
Rollover!!
Tomorrow we have FOMC.
Normally the volatility is around the actual rate cut/increase….This time it is 99.99% of no change. Language in the statement will be the main feature.
However, FOMC days do have unique behavior and this time my guess is, it will be around the language used after the announcement.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-17-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Modifying Your Trading Strategy in Volatile Market Conditions & Support and Resistance Levels 3.16.2021

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The different pulse of the markets on different days makes a big difference. The strategies used on fast and volatile market may not work when the same market is choppy and quieter. I think that maybe there are some rare strategies that will work in all market environments but I have never seen one yet….So be aware of how the market/ markets you are trading are acting.
What type of action did the overnight session had?
How did the first 30 minutes of primary session went ( in markets like stock index futures where the underlying asset, i.e. stocks, just opened)?
Does it seem like the day ahead will be one of those speedy, crazy type of price action? or perhaps choppy? possibly a trending day?
Certain strategies will work better. Know what weapons in your trading arsenal will work better in what type of market conditions and try to adjust accordingly.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-16-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Join us on our Private Facebook Group w/ Real Time Future Market Updates & Support and Resistance Levels 3.12.2021

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Here is what we shared this morning around 730 AM CDT….
Valuable information, in MY OPINION.
REAL TIME TRADE ALERTS/UPDATES on FACEBOOK

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-12-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Support and Resistance Levels 3.11.2021

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Very few words of wisdom today!
Trade well, be safe, remember to breathe and have a game plan while trading, if you ever catch yourself just REACTING and pulling the trigger with no game plan behind, take a break, pause and reset.
Get Real Time updates and more on our private FB group!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-11-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Adjusting Trading Style w/ Market Volatility, Join Cannon Trading Real Time Trade Alerts Group & Support and Resistance Levels 3.09.2021

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Market pace, dynamics, volatility and the speed of movement are fascinating to say the least.
requires traders to adjust in more than one way.
Reduce trade size?
Widen up targets and stops?
Consider short term options?
Use MICROS rather than the minis?
Get Real Time updates and more on Cannon Trading’s private FB group!
Examples of info shared intraday can be seen below in the screen shots!!
Cannon Trading Facebook Group Real Time updates
Cannon Trading Facebook Group Real Time updates

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-10-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Looking at Short Term Options & Support and Resistance Levels 3.09.2021

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Dear Traders,

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We started the week exactly where we left off….High, erratic type of volatility. It started on the open Sunday night and did not stop all the way through the session.
When markets move that fast, one way you may want to explore is trading very short term options rather than futures.
Example: You think the SP500 ( ES or MES) are going down today. If you use futures and place a “normal stop” most chances today is that you would have gotten stopped out. A possible alternative to explore is to use the Monday expiration mini SP options. If you buy a put, your risk in that specific example is limited to premium + cost of trade.
You will have MUCH better staying power and a chance to profit if you are correct.
This is obviously a very simple, briefly explained example but our series 3 brokers will be happy to expand, answer questions and review the + and _ of diff. strategies.
One last note about the options, at times activity on options can be used as another possible signal. Example, market is rallying but the closer to the money puts are actually gaining value? that is a sign that there is additional demand and possible pressure lower.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-09-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Volatility Continues, ES Chart Review & Support and Resistance Levels 3.04.2021

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Volatility continues. Rates are the driving force now days.
June is now the front month for rates.
May is front month for silver, copper and most grains.
April crude and natural gas. OPEC meeting tomorrow!
Get Real Time updates and more on our private FB group!
Hourly chart of the ES below for your review along with potential levels of support and resistance.
Mini S&P ES Futures 60 minute chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-04-2021

Futures Trading Levels 3.04.2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Rapid Volatility in the Futures Markets & Support and Resistance Levels 3.05.2021

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NFP tomorrow. Non Farm Payrolls.
Market moving event that comes out at 7:30 AM central time.
Markets have been moving EXTREMELY FAST. I was watching price action in the NQ, Copper, Crude oil and few more and the velocity of the price moves was something I have not seen since last March when COVID started.
I Personally feel that if you are trading some of these very volatile markets you should have the STOP order attached to your entry. At times I have seen the NQ move over 60 points in less than 15 seconds….
Understand that with this volatility he BANDS get wider. I don’t see how anyone can make money if they are only use 2 points stop on the ES unless they have a crystal ball…..
If you feel over stressed because of volatility, consider reducing trading size, perhaps trading MICROS rather than the minis.
Remember to breath while trading. Try to have the full trading plan before you pull the trigger.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-05-2021

Futures Support & Resistance Levels 3.05.2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Mini Nasdaq Chart & Support and Resistance Levels 3.03.2021

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Time to trade June bonds, May silver and May copper as well as May grains.
Stock futures and currencies don’t roll over until mid March and we will send a separate notice.
The recent volatility reminds me of last March, when COVID started.
I have a few points to make:
  1. Take a look at the below chart from today on the mini NASDAQ this volatility will play both sides and in MY OPINION this is not a market to just buy and hold using futures….You need to be able to react and adjust positions according to market action and sentiment.
  2. DON’T try to predict tops and bottoms….
  3. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed.
  6. Survive to trade another day.
  7. LIMITS guidelines visit: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
Emini Nasdaq NQ Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-03-2021

Futures Support & Resistance Levels 3.03.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Economic Indicators

 

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 here in 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 judgement in trading.

US Bonds Futures Chart & Support and Resistance Levels 3.02.2021

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I think March has most trading days of any month.
I wish all of you a great trading month ahead!
Volatility continues. Rates are the driving force now days.
June is now the front month for rates.
May is front month for silver, copper and most grains.
Weekly chart of the US bonds below for review.
30 Year Bond Futures Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

3-02-2021

Futures Support & Resistance Levels 3.02.2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

High Volatility in Futures Markets, NQ Chart & Support and Resistance Levels 2.25.2021

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Time to trade June bonds, May silver and May copper as well as May grains.
Stock futures and currencies don’t roll over until mid March and we will send a separate notice.
Tomorrow is the last trading day of the month ( yup…February is a very short trading month….). First and last trading days of the month, can at times experience even higher volatility as large traders may close positions/ profits & losses to start a fresh month.
Also some markets will have end of month options expirations.
The recent volatility reminds me of last March, when COVID started.
I have a few points to make:
  1. Take a look at the below chart from today on the mini NASDAQ this volatility will play both sides and in MY OPINION this is not a market to just buy and hold using futures….You need to be able to react and adjust positions according to market action and sentiment.
  2. DON’T try to predict tops and bottoms….
  3. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed.
  6. Survive to trade another day.
  7. LIMITS guidelines visit: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
Emini Nasdaq NQ 60 minute chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-26-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Support and Resistance Levels 2.25.2021

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Dear Traders,

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Would you like to view real-time “tidbits”, info and insight into the markets?
If so, join our Cannon Trading Facebook group here:

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-25-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Why Use Tick & Volume Charts, Mini NQ Review and Support & Resistance Levels 2.23.2021

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Why I like to use tick and volume charts for scalping
Today I decided to touch more on an educational feature rather than provide a certain market outlook.
Many of my clients and blog readers know that when it comes to short term trading I am a fan of using volume charts, tick charts, range bar charts and Renko charts rather than the traditional time charts like the 1 minutes, 5 minutes etc.
My rule of thumb is that if you as a trader make decisions based on charts that are less than 15 minutes time frame, it may be worth your time to research, back test and do some homework as to potentially using other type of charts like volume charts , Range charts etc.
Volume charts will draw a new bar once a user defined number of contracts traded. Example mini SP 10,000 volume chart will draw a new bar once 10,000 contracts traded.
Range bar charts will draw new charts once price action has exceeded a user pre define price or ticks range. Example might be an 18 ticks range bar chart on crude oil.
While the volume charts rely ONLY on volume, the range bar charts rely ONLY on price action.
Their main advantage over traditional time charts is twofold in my opinion:
1. If the market is moving fast, reports came out or there is heavy volume in the market, the traditional 5 minute chart will need 5 minutes to complete the next bar before it provides you with a signal…if you day traded futures before you will know what 5 minutes can do….The volume charts or range bar charts in this case will complete the bars MUCH faster because there is strong price action and strong volume and will be able to provide a signal faster than the time charts.
2. On the flip side, there are times when the market is dead…low volume, sideways, choppy action. If you are using the 3 minute chart and a moving avg. cross over, you may get a signal simple because time has passed and the moving averages crossed even though the market is pretty dead….If you are using a volume chart and the market is slow…it will take a while for the bars to complete and hence it may filter out some “noise” in the market.
Below is a 5,000 CVB ( constant volume Bar) of the NQ. If you like a free trial to the “turning points indicators” highlighted in the charts below or to discuss more in depth different charts and strategies, feel free to visit us!
Mini NQ Volume Bar Chart

Mini Nasdaq Futures Volume Bar Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-24-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Volatility Remains High & Support and Resistance Levels 2.23.2021

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We started the week with a weaker US$, higher crude oil prices, higher metals along with a shift in stock indices with money flowing out of the NASDAQ and more into the Dow Jones.
Volatility remains high and with the risk of sounding like a broken record, have a game plan and trade management outline before you just jump in long or short any market…..
Spreads are another tool to consider and familiarize yourself with ( good article here)

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-23-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Copper Futures Highs & Support and Resistance Levels 2.19.2021

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Tomorrow is Friday, Feb. 19th. Reports and numbers for the trading day are below.
I noticed over the years that diff. week days have diff. behavior….
I was running one system in the past that found out its worst performing day was Friday….and coded the system not to trade on Fridays.
I also noticed that Mondays have a better chance of a trend day – perhaps because the longer term traders were able to make decisions based on the weekly charts?
Maybe I am over analyzing….but either way, keeping a trading journal with diff. details on market behavior, reactions to the diff. trading reports, how you acted and traded etc. can provide you with great insight down the road.
Copper reached a new 52 weeks high, highest level since Sept. 2012 – weekly chart for your review below.
Copper Futures Weekly Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-19-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Bitcoin Futures Chart & Support and Resistance Levels 2.18.2021

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No words of wisdom today. I think market movement drained me today…..
However, Bitcoin futures chart is “screaming: Please post me…I am over $50,000…..” but since I want to share a MONTHLY chart, I am sharing the monthly chart of Bitcoin Real Time Index, not the actual futures contract which is only a few years old. Fibonacci extensions are displayed on the chart – just for fun.
Bitcoin Futures Chart

Bitcoin Futures Monthly Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-18-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Platinum Futures Chart & Support and Resistance Levels 2.17.2021

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Higher volatility after the long weekend in variety of markets.
Bond are trading lower and crude is above $60.
Bitcoin futures traded above 50,000….
Platinum gold spread is moving even faster in favor of Platinum ( daily chart below).
Dynamics are changing intraday and at times fast.
Some days are choppy, some days are fast and here and there we get some strong trend days.
Must be nimble and focused while trading, today and every day.
Platinum Daily Chart Below – click on chart for larger image.
Platinum Futures Daily Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-17-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Presidents Day Trading Schedule & Futures Trading Levels 2.12.2021

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No words of wisdom today. Please review the Presidents Day Trading Schedule below.
Presidents Day Futures Trading Schedule 2021
Presidents Day Futures Trading Schedule

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-12-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

President’s Day Trading Schedule 2021, Mini Nasdaq Chart and Futures Support & Resistance Levels 2.11.2021

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As stock index futures increase in price, the same 1-2% intraday movements translate into MUCH larger POINTS movement intraday.
The MICROS are becoming more and more attractive option for trading for accounts less than $10,000.
Feel free to reach out and chat with a licensed broker or visit our MICROS resource page.
Daily chart of the NQ below for your review.
Might be overbought but the uptrend still in tact.
Mini Nasdaq Daily Chart
Presidents Day Futures Trading Schedule 2021
Presidents Day Futures Trading Schedule

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-11-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Presidents Day 2021 Holiday Schedule for CME / Globex and ICE Exchange

Presidents 2021 Holiday Schedule for CME / Globex and ICE Exchange

Presidents Day Futures Trading Schedule 2021

CME GLOBEX Presidents Day Schedule

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® President’s Day 2021 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures President’s Day 2021 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

Futures Trading Resources & Support and Resistance Levels 2.10.2021

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Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-10-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Silver Daily Chart & Support and Resistance Levels 2.05.2021

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Silver…..it has been a very volatile ride both sides….What’s next?
Non Farm Payrolls tomorrow…..NFP is definitely a market mover!
Silver Daily Continuation Chart
To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-05-2021

Futures Support & Resistance Levels 2.05.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Reports 2.05.2021

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 here in 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 judgement in trading.

Futures Trading Support & Resistance Levels 2.04.2021

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No words of wisdom today…simply trading levels and reports for your information below.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-04-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Emini NQ Active Chart & Futures Support and Resistance Levels 2.03.2021

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The volatility right around the time AMZN & GOOGL earnings came out was unreal!!
Add on top of it the recent volatility in silver futures and if you are in search of volatility….there is plenty around, for good and bad.
Take a look at the 10 SECONDS chart of the NQ below from todays close…..
$2000 against you or in your favor per one mini Nasdaq in 90 seconds!!
Emini Nasdaq Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-03-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Futures Silver Chart & Support and Resistance Levels 2.02.2021

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First day of February started out with continued volatility across different markets ( silver, stock index futures and a few more).
Wishing all of you successful trading this month!
Silver weekly chart below for your viewing.
Futures Silver Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

2-02-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Support & Resistance Levels 1.29.2021

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And just like that the last trading day of January 2021 is upon us…..
If the first month of 2021 is any indication, then we may have a VERY volatile year ahead!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-29-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Survivor Day-Trader & Futures Support and Resistance Levels 1.28.2021

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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.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-28-2021

Futures Support & Resistance Levels 1.28.2021

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Reports 1.28.2021

 

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 here in 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 judgement in trading.

Soybean Future Trading Daily Chart & Futures Support and Resistance Levels 1.27.2021

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The difference between yesterday and today is one of the strongest contrasts I have seen!
The market went from driving at 180 MPH, erratically…to driving 25 MPH, obeying all the speed bumps.
Was it news headlines yesterday? Lack of news today? Did market participants get tired? Are you prepared for future trading?
Normally volatility will go in waves and now from 100% to 10% in one day.
If one could only forecast volatility, would make ones trading life much easier.
Speaking of volatility, FOMC tomorrow along with Crude Oil numbers before that and a few more reports.
Know what news are coming, which ones affect the markets you trade.
While I touch base quite often on ES, NQ and other stock indices, I also like to follow other markets. Some are better for shorter term trading some are better for swing or longer term etc. future
trading predictions really depends on how they are performing. One of these markets, soybeans futures. Daily chart below. Click for larger Image.
Future Trading

Good Future Trading

Trading Futures, Options on Future Trading, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-27-2021

Futures Support and Resistance Levels 1.27.2021 / Future Trading

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Reports 1.27.2021 / Future Trading

 

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 here in 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 judgement in trading.

Futures Support and Resistance Levels 1.26.2021

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What crazy price action today in stock index futures….all over the place, erratic moves, very tough in my opinion…..
Manage risk first, look for profits second.
Easier said than done but worth mentioning.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-26-2021

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Futures Support and Resistance Levels 1.22.2021

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Manage risk first, look for profits second.
Easier said than done but worth mentioning.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-22-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Emini ES 60 min Chart & Support and Resistance Levels 1.21.2021

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It is very interesting to observe the different type of trading days the market presents us with.
Some are very choppy, some are extremely volatile both ways and some can be “dead” at times. Every now and again we get a big strong move. Up or down that behaves like a “text book example”. Much easier to observe AFTER the fact and this is exactly what the hourly chart of the mini SP 500 shows you.
A buy signal, followed by “price confirmation”, market holding on to the support level at 1289.50 and rallying hard on inauguration day.
Hourly ES chart from today, 1.20.21
ES Futures 1 hour chart 1.20.2021

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Live Cattle Weekly Chart & Support and Resistance Levels 1.20.2021

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Markets have had a “weird rhythm” these past few days. Between MLK holiday we had yesterday and Inauguration tomorrow, it seems like there is a wait for something….not sure if it make sense or not but one can feel it by observing the tape.
During times of uncertainty, RISK management, patience and discipline become even more important.
Live Cattle Weekly Chart for Longer term Perspective. We had a possible upside breakout on the daily today.
Futures Live Cattle Weekly Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-20-2021

Futures Support & Resistance Levels 1.20.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Futures Reports 1.20.21

 

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 here in 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 judgement in trading.

MLK Trading Schedule, Monthly Soybeans Chart, & Support and Resistance Levels 1.15.21

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MLK trading schedule below.
Take note as most markets will halt at noon central.
CME GLOBEX ML King Jr Holiday Schedule 2021
Monthly Soybeans Chart for Longer term Perspective.
Monthly Soybean Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-15-2021

 

Futures Support & Resistance Levels 1-15-2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader 1.15.2021

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 here in 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 judgement in trading.

Martin Luther King Jr. 2021 Holiday Schedule for CME / Globex and ICE Exchange

Martin Luther King Jr. 2021 Holiday Schedule for CME / Globex and ICE Exchange

CME GLOBEX Martin Luther King Jr. Futures Holiday Schedule

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Martin Luther King Jr 2021 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Martin Luther King Jr 2021 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

Volume Based Trading Emini NQ & Support and Resistance Levels 1.14.2021

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Today I am sharing an example of using volume chart along with FIB levels when following intraday market action.
Market is NQ
Chart type is CVB = constant volume bar
5000 contracts traded complete one bar.
This model uses a theory that when it comes to short term day trading, volume is much more important than time, hence the use of volume bars. I use bars of between 1,000 to 18,000 contracts traded (pending the specific market, based on recent volatility, trade volume and a few other factors). That means that instead of bars completing based on time frame (i.e. 1 minute or 15 minutes etc.), we use volume instead of time. So each time X,000 contracts traded, a new bar will complete.  When the specific market has high volume and is moving fast, the bars will complete faster. When market is in low volume without much action, the bars will complete slower.
For me personally, this has helped getting signals ahead of time when there is fast action in the market and avoiding false signals when volume is low.
Needless to say volume charts on their own are no crystal ball and there is much more to trading but may help you take a look at your charts from a a diff. angle.
NQ Emini - Nasdaq Volume Base Chart

NQ Emini – Nasdaq Volume Base Chart, 5000 contracts 1.13.2021

To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-14-2021

Futures Support & Resistance Levels 1.14.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Futures Reports 1.14.21

 

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 here in 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 judgement in trading.

Futures Support & Resistance Levels 1-13-2021

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No words of wisdom today…..or a chart for review….
Just trading levels and reports below.
If you are still “hungry for some trading tidbits” – then click here.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-13-2021

Futures Support & Resistance Levels 1-13-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Big Moves in Metals Sector & Futures Support and Resistance Levels 1.12.2021

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Big Moves in the metals sector the last few days, including the “favorite child” – Dr. Copper….
Previous sell signals in the shape of red diamonds only generated very small downward moves if any, compare to the same exact signal to the buy side = mechanics of a bull trend. The big question today is will we see more follow through on this sell signa?
Copper Futures Daily Continuation Chart 1.11.2021

Big Moves in the metals sector the last few days, including the “favorite child” – Dr. Copper….

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-12-2021

Futures Support & Resistance Levels 1.12.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Economic Indicators 1.12.2021

 

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 here in 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 judgement in trading.

Bitcoin Index Futures Soar & Support and Resistance Levels 1.08.2021

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Monthly NFP ( non farm payroll ) tomorrow before the market opens, normally a market moving report.
Bitcoin Index from the CME chart for your review simply because it screams out, “What’s next,” now that the total value of the entire cryptocurrency market has eclipsed $1trillion. Some have harkened back to Tulip mania in 1637, considered the first recorded speculative bubble. Of all things, prices for tulip bulbs were what skyrocketed then dramatically collapsed. Others have contended Bitcoin’s rise has just begun, holding out values of $100-, $150- then $200,000. They may both be right; they may both be wrong.
Bitcoin Futures Weekly Chart 1.07.2021

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-08-2021

Futures Support and Resistance Levels 1-08-2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Futures Reports 1.08.2021

 

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 here in 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 judgement in trading.

Volatility in the Futures Markets & Trading Risk Management, Support & Resistance Levels 1.07.2021

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Dear Traders,

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If the first THREE trading day of 2021 are any indication of the year to come….Better fasten your seatbelts!!
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  3. Focus more on risk management and ways to protect certain positions as needed.
  4. Survive to trade another day.
Markets are moving extremely fast and at times quoting systems, platforms can’t even keep up.
The risk is MUCH GREATER than I have seen since March, yet some traders look for it.
That is ok, as long as you :
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-07-2021

Futures Support & Resistance Levels 1.07.2021

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Futures Reports 1.07.2021

 

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 here in 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 judgement in trading.

CME MICROS: Micro Mini Futures Contract

CME MICROS, more commonly known as Micro E-Mini Futures Contracts, have been trading with great success since they were first introduced by the CME Group in 2019.   In terms of liquidity, for both smaller and newer futures traders, the Micro E-Mini has made futures trading more affordable and  accessible to the independent investor, who may not have large amounts of risk capital to invest.

Standard futures contracts and Mini Futures Contracts are sized to a certain value multiplied by the futures price.  For example a mini contract sells for $50 x the contract price.  The E-mini S&P 500 has a contract size of $50 times the E-Mini futures contract price, which if the contract price is say $1,240, then the contract value is $62,000.

CME states all four of the Micro E-Mini Futures Contracts are 1/10 the size of their respective E-mini futures counterparts – allowing all traders futures exposure without the notional constraints of the larger contracts.  These Micro Minis include the follow contracts:  S&P 500, Nasdaq-100, Russell 2000, and the Dow Jones Industrial Average.

 

What Is a Micro Mini Futures Contract

Micro E-Minis are one-tenth of the size of a traditional E-Mini contract, which allowing for lower margins and requires a significantly lower investment capital than their standard counterparts.

If the S&P 500 index is 2950, the micro e-mini value is 5 times the value of the index or $14,750 versus the value of a  standard e-mini contract, which is 50 times the price, and would set an investor back $147,500.  While the contract value is significantly higher, so is the exposure to market fluctuations.  This is where the benefit of the Micro E-mini comes in.

The Micro E-Mini contract is a significantly smaller contract than the mini or standard futures contract, which can set an investor back several thousand dollars.  The micro E-mini offers a much more affordable way for traders to access the equity index futures markets.

 

How Do Micro E-Mini Futures Contract Work?

While a standard E -mini S&P 500 futures contract has a value of $50 times the contract price – the Micro E-mini S&P 500 futures contract has a value of just $5 times the contract price, making this a much more affordable futures contract vehicle.

Your upward and downward exposure to fluctuations in the market is significantly reduced.

Most traders will use MICROS for short term trading, and can day trade the micros with less than $2,000 in the account.  Both losses and gains are smaller relative to the Mini S&P, but there are still risks associated even if you trade Micro E-Mini Futures.

Open a new trading account here

 

Why Invest in Micro E-Mini Futures

Experienced traders will enjoy the efficiency of the contract, the ability to sell short with ease, and the possibility of benefitting from short- and long-term profit and loss tax rules.  New traders will appreciate more affordable options of Micro E-Mini Futures Contracts, that incur less risk at just $5 times the contract value and have lower margins.

This allows new investors with limited assets to participate in this exciting market with limited exposure to risk, and for a much larger pool of traders.  Cannon is excited to bring in new traders, as well as, offering more diverse and flexible portfolio of futures trading options to new and  current clients.

Contact Cannon Trading here for more details on investing in Micro E-Mini Futures Contracts, or other futures investments.

“The MICROS offer a few advantages for both new and experienced traders”, says Ilan Levy-Mayer, Cannon’s VP. “If one wants to move from demo to live trading, one can start with the MICROS and utilize less capital and ease into the live trading part with smaller contracts. Another advantage is the ability to scale in and scale out and last but not least, longer term trades or maybe swing trades might be better utilized using the smaller MICROS.”

In addition to the micro e-minis, Cannon Trading brokers can also help investors trade MICRO gold.  Learn more here.

Appx Daily & Monthly Volume(December 2020)

Micro E-mini S&P March Contract (MESH21) Daily Volume – 57,180

Micro E-mini S&P March Contract (MESH21) Monthly Volume – 1,143,585

Micro E-mini Nasdaq March Contract (MNQH21) Daily Volume – 227,598

Micro E-mini Nasdaq March Contract (MNQH21) Monthly Volume – 4,551,970

Micro E-mini Dow Jones March Contract (MYMH21) Daily Volume – 50,061

Micro E-mini Dow Jones March Contract (MYMH21) Monthly Volume – 1,001,220

Micro E-mini Russell March Contract (M2KH21) Daily Volume – 34,335

Micro E-mini Russell March Contract (M2KH21) Monthly Volume – 686,700

Micro gold Feb Contract (MGCG21) Daily Volume – 51,118

Micro gold Feb Contract (MGCG21) Monthly Volume – 1,022,350

 

Benefits of the Micro E-Mini Futures Contract

The economical aspect of the Micro E-Mini is perhaps its largest draw. In the S&P a trader traditionally must maintain a minimum margin of $13,000, but with the new Miro E-Mini, that margin may now be as low ae $1,300. With these lower margins, more and more traders will now be able to make investments based on where they think the markets may be headed with Stock index futures contracts. Those who now trade with exchange-traded funds (ETFs) can now more easily expand to the futures market.

Cannon Trading stresses the importance of finding a broker that offers the most up-to-date technology and resources available. They also stress the importance of choosing a firm whose brokers have experience and specialize in an array of market corners, thus making it easier for them to customize their services to every trader’s needs and objectives. “At Cannon Trading we offer an expansive selection of cutting-edge technology, and our brokers are knowledgeable and experienced enough to assist any level of trader with his or her needs”.

FREE, real-time demo, with live prices of ALL MCIROS futures available at:

 

https://www.cannontrading.com/software/e-futures-international

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

COVID and How it’s Affect the Futures Markets, Crude Oil Futures Chart & Support and Resistance Levels 1.06.2021

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Dear Traders,

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Light at the End of the Tunnel?
by Mark O’Brien, Senior Broker:
As we transition into 2021, the overriding impact on the global economy and commodity prices remains the world-wide pandemic. Rising post-holiday infection figures in the U.S. from California to Rhode Island, in Europe, particularly the U.K., a return of the virus in China, and a newly discovered more contagious variant are all pointing to seeing January as the worst month in this now year-long scourge. Yet, a wide range of markets have been steadfast over the last 3-4 months in their ability to look past this crisis and price in demand improvement. Grains, metals, energies, gasoline, softs all have staged heady rallies. Soybeans are at 6-year highs. Crude oil traded through $50/barrel today, platinum trading above $1,100/ounce breached 4-year highs. Likely, as new and existing vaccines are made available and administered, as the holiday infection surge passes and hospital capacities come down, as we move toward the herd immunity that health officials have explained, the markets will take stock of the light at the end of the tunnel and assess these gains. Likely as well, overall price volatility across most if not all commodity asset classes will remain for the new year.
Crude Oil broke above $50 for the first time in almost a year on OPEC meeting. Daily chart below.
Crude Oil Futures Daily Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-06-2021

Futures Support and Resistance Levels 1.06.2021

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Futures Reports 1.06.2021

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 here in 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 judgement in trading.

Futures Trading Levels for January 5th, 2021

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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If the first trading day of 2021 is any indication of the year to come….Better fasten your seatbelts!!
Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021 and wish you a healthy, successful year ahead
mini russell 2000 chart

RTY chart for January 5th 2021

RTY = Mini Russell 2000 has been a leading indicator in my opinion for direction of stock index futures past few months.
Will be interesting to see if the sell off today was a start of a trend reversal or just risk hedging ahead of Georgia tomorrow. As usual in trading, few hours/ few days will tell the story….
If you like access to the ALGOS shown in the chart, click here.
Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

January 5th 2021

Did you know?
Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo
Cannon offers FX trading. Try FX Pro demo free and see why it’s called PRO

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Weekly Dow Jones Futures Chart and Support and Resistance Levels 12.30.2020

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Two more trading days left in 2020!!
Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021 and wish you a healthy, successful year ahead!
New Years Holiday Futures Trading Schedule 2020 CME GLOBEX
Weekly Dow Jones Cash Index with possible upside target as well as support level below. Keep in mind this is a WEEKLY chart.
Dow Jones Futures Emini MICRO Futures

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-30-2020

Futures Support & Resistance Levels 12.30.2020

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Futures Reports

 

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 here in 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 judgement in trading.

New Years 2020 Holiday Trading Schedule, Bitcoin Futures Chart & Support and Resistance Levels 12.29.2020

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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Cannon Trading wishes you a very Happy Holiday Season! Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021
New Years Holiday Futures Trading Schedule 2020
Bitcoin Weekly Chart for your review below:
Bitcoin Weekly Futures Chart December 28, 2020

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-29-2020

 

Futures Support & Resistance Levels December 29, 2020

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Future Reports December 29, 2020

 

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 here in 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 judgement in trading.

New Years 2021 Holiday Schedule for CME / Globex and ICE Exchange

New Years 2021 Holiday Schedule for CME / Globex and ICE Exchange

New Year's Futures Trading Schedule

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® New Years 2021 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures New Years 2021 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

Christmas Holiday Futures Trading Schedule & Support and Resistance Levels 12.24.2020

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Dear Traders,

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Cannon Trading wishes you a very Happy Holiday Season! Thank you for choosing Cannon during this challenging year. We look forward to continuing to provide you with excellent service in 2021
The trader’s prayer
May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
May the money left on the table be someone else’s and may my pockets be deeper than the correction.
✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit.
✋ And if this one is a winner, I swear I quit!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-24-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Trading Insight: “Look Before You Leap” and Support & Resistance Levels 12.23.2020

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This was shared with me by a colleague of mine few years back and I can fully relate and wanted to share it with you as well:
“Look Before You Leap”
On the way to becoming (trying to become…) a successful Futures trader you will incur many losses.
That I can attest to.
One way to guarantee you will never be a successful trader is by taking “out sized” losses.
There was a time, in my 22 year career, that I would get an idea, in my head, that I had to be in a market, jump in and then look at where a proper stop loss would have to be placed and panic because the loss would be too great if the stop loss was reached.
So being the rookie that I was, I would place what was known as a “money’ stop, which is one that is based on how much money I was willing to risk rather one that was based on support or resistance.
Because this type of stop level was arbitrary I kept getting stopped out and then watching as the market turn around and go the way I thought it would.
Then it dawned on me. Look before you leap! So before jumping into the fray, look at where the stop goes first and if it is too far away you can just pass on it or place your “resting” or limit order closer to where a stop can be placed based chart support or resistance, not on “how much you want to lose”
Of course you can still get stopped out but at least you might have a better chance of keeping your losses smaller.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-23-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Holiday Trading Schedule & Futures Levels 12.22.2020

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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From my colleague, Al Bicoff:
Winter solstice 2020, the shortest day of year is today, combined with the
SATURN / JUPITER CONJUNCTION WHICH HASN’T OCCURRED IN nearly 400 years, and haven’t been observable this close together at night since medieval times, in 1226.
MARKET TECHNICIANS USIING ASTROLOGY HAVE THEIR MASSIVE VOLATILITY TODAY!! 📉
On a different note, bit more humorous….as we head into the holiday season and 2021!
The trader’s prayer
May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
May the money left on the table be someone else’s and may my pockets be deeper than the correction.
✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit.
✋ And if this one is a winner, I swear I quit!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-22-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Gold Daily Chart For Review. Sympathy rally with Bitcoin? & Support and Resistance Levels 12.18.2020

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Dear Traders,

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Gold Daily Chart below. Sympathy rally with Bitcoin?
End of the year rally?
Need to see a close above 1900 to get a bit more excited about this one.
Time will tell.
Quick educational tips:
1. Look for high volume markets with a thin spread, so orders are filled quickly and it has high volatility, so there are opportunities for 2 to 4 good trades during the day. The Emini S&P500 Index Future is a good example of this type of market (Each point is worth $50, split into 4 ticks of $12.50 and there are 4 contracts a year, traded on the Chicago Mercantile Exchange).
2. Try to minimize risk to 1% of your capital per trade, then your capital can absorb 100 consecutive bad trades. Even the best systems can expect 20% -40% loosing trades, so the 1% rule gives you room to maneuver.
3. $10-$15k is the minimum recommended risk capital you should have per Emini S&P500 contract traded – then if you lose $1000-$1500 it only represents 10% of you capital, which is recoverable compared to a $3k account where the same loss equals 50% of your account, consequently you are more likely to lose the remainder of your capital rather than recover the loss. If you don’t have the higher risk capital, limit yourself to the MICROS – 1/10th the size.
4. Limit the hours you trade – the more you trade, the more exposed you are to human weaknesses, frustration and more. Just like an athlete you need to preserve your trading (playing) time….

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-18-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Christmas 2020 Holiday Schedule for CME / Globex and ICE Exchange

Christmas 2020 Holiday Schedule for CME / Globex and ICE Exchange

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Christmas Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Christmas Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

Crude Oil Bullish? & Support and Resistance Levels 12.17.2020

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Dear Traders,

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We are entering the last 2 weeks of 2020.
The last two weeks of December can at times be very choppy as many larger traders/ institutions take the time off. However, this year with COVID, things might be different…..
In between a look at Crude Oil Futures daily chart. Crude has been showing some bullish signs past couple of weeks, possible levels on the chart below.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-17-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

New Product:  Small Exchange Treasury Yield & Support and Resistance Levels 12.16.2020

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Dear Traders,

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Have you heard? There’s a new futures exchange in town and NOW you can trade the 10 years Yield!.
Interest rates have never been lower,* and now trading them has never been easier. Small Treasury Yield / S10Y gives you access to the lowest interest rate environment in the history of US Treasuries all in a small, standard, and simple future. And the Small Exchange is letting you test it out for zero exchange transaction fees! Put oversized, complicated bond products in your past… trade the future of interest rates.
Don’t miss this limited-time opportunity to trade S10Y for zero exchange transactions fees! The Small Exchange will waive all exchange transaction fees for the Small Treasury Yield futures until January 29th.†
*All-time low in 10-year Treasury rate of 0.52% on August 4, 2020, according to treasury.gov.
†The Small Exchange $0.07 and $0.15 exchange transaction fees will be waived. Commissions and other fees charged by, or passed through from, your broker will still apply. Visit the Small Exchange fee page for a full list of our fees.
© 2020 Small Exchange, Inc.  All rights reserved.  Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission.  The information in this advertisement is current as of the date noted, is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor.  Trading futures involves the risk of loss, including the possibility of loss greater than your initial investment.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-16-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Emini Rollover; Learning to Take a Losing Trade and Futures Levels 12.15.2020

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Rollover Notice: Start trading the March contracts for ES/ NQ/ MICROS/ currencies and many other markets.
One trait that separates good traders from the not soo good….in my opinion?
Ability to lose.
Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
But one that sticks in my eyes is the ability to take a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.
I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….
Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward. If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-15-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Gold Trading Futures Daily Chart & Trading Levels 12.11.2020

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You can look at gold trading from two angles…
Break above 1880 can trigger a run back above 2000.
Failure to do so can push the yellow metal into towards the 1750 level
gold trading

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-11-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading. For more information on gold trading then contact our gold trading experts here.

New Futures Products on Small Exchange & Levels 12.10.2020

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Have you heard? There’s a new futures exchange in town.
The Small Exchange is making markets more accessible to more people with products that mix the efficiency of futures with the simplicity of stocks.
Built on the pillars small, standard, and simple, the Smalls offer easily adoptable solutions to risk management and speculative needs of the modern trader in markets ranging from stocks and bonds to currencies and commodities. Now available at Cannon Trading with FREE market data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-10-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Futures Options Writing Insight & Support and Resistance Levels 12.09.2020

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Trading 202: Futures Options Writing
Have you ever wondered who sells the futures options that most people buy? These people are known as the option writers/sellers. Their sole objective is to collect the premium paid by the option buyer. Option writing can also be used for hedging purposes and reducing risk. An option writer has the exact opposite to gain as the option buyer. The writer has unlimited risk and a limited profit potential, which is the premium of the option minus commissions. When writing naked futures options your risk is unlimited, without the use of stops. This is why we recommend exiting positions once a market trades through an area you perceived as strong support or resistance. So why would anyone want to write an option? Here are a few reasons:
  1. Most futures options expire worthless and out of the money. Therefore, the option writer is collecting the premium the option buyer paid.
  2. There are three ways to win as an option writer. A market can go in the direction you thought, it can trade sideways and in a channel, or it can even go slowly against you but not through your strike price. The advantage is time decay.
  3. The writer believes the futures contract will not reach a certain strike price by the expiration date of the option. This is known as naked option selling.
  4. To hedge against a futures position. For example: someone who goes long cocoa at 850 can write a 900 strike price call option with about one month of time until option expiration. This allows you to collect the premium of the call option if cocoa settles below 900, based on option expiration. It also allows you to make a profit on the actual futures contract between 851 and 900. This strategy also lowers your margin on the trade and should cocoa continue lower to 800, you at least collect some premium on the option you wrote. Risk lies if cocoa continues to decline because you only collect a certain amount of premium and the futures contract has unlimited risk the lower it goes.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-09-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Sugar Futures Daily Chart Review & Futures Levels 12.08.2020

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Sugar daily chart below. Sugar futures have good volume and in my opinion are a good market for swing trading type of activity.
Sugar is traded on ICE so real-time quotes are not as easily obtained.
Sugar futures got a little sweeter these past few weeks, mainly due to US$ weakness.
Current levels to try an evaluate if this pullback is a pullback or more…
1413 is next major support basis the March Contract.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-08-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Monthly Un-Employment Tomorrow & Future Levels 12.04.2020

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Monthly un-employment ( NFP = Non Farm Payroll) is tomorrow.
Trading 101: Ranking Market Events ( knowing what you don’t know…)
by: Cannon Trading Staff
Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.
**DING**
You’re out of the market. What the hell just happened? You stare at the screen; did your indicators lie to you? Is your system faulty? Did you not listen to your broker? Well, probably not. But you’re down several handles, you’ve lost some money and your pride is aching…

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-04-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

30 Year Treasury Notes (ZB) 120min Chart & Futures Levels 12.03.2020

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Each market has a different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
I think that there are more than a few markets that are suitable for day-trading. Below you will find some observations, tips along with what are unique about these markets, personality and most active trading hours (interest rates, mostly the ten year and 30 year).
In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes.
Product Symbol
ZB
Contract Size
The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof
Price Quotation
Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.
Product Symbol
ZN
Underlying Unit
One U.S. Treasury note having a face value at maturity of $100,000.
Deliverable Grades
U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
Price Quote
Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.
Tick Size
(minimum fluctuation)
One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
Contract Months
The first five consecutive contracts in the March, June, September, and December quarterly cycle.
These contracts are often affected by many of the economic reports that come out at 8:30 AM Eastern and there is very active volume between the hours of 8 AM EST and 3 PM EST
Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.
These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.
Spread traders may find some interesting strategies trading the ZB/ZN spread or what I refer to as the 30/10 and some call NOB spread ( notes over bonds).
120 minute chart of the ZB or 30 yr bonds for observation below.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-03-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Bitcoin Futures Weekly Chart & Futures Levels 12.02.2020

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Should see another volatile day in my opinion across a variety of markets.
Web have crude oil inventories, Beige book and ADP payroll reports.
Please see reports section below.
BTC (Dec. Bitcoin futures) weekly chart below just out of my own curiosity….
Will be interesting to see if FIB levels will be respected
and price action around support and resistance levels.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-02-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

New Front Months for Energies, Metals etc & Futures Levels 12.01.2020

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Front month for crude oil and natural gas is January.
Gold front month is February.
Front month for bonds/silver/copper and most grains is March.
Make sure you are trading the correct month, you can see which month is the “front month” by looking at trading levels below.
Make Dec. 2020 a great trading month!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-01-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Thanksgiving Trading Schedule & Levels 11.26-27.2020

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Happy Thanksgiving to all our clients, blog readers and their families.
wishing you much health and prosperity to be thankful for!
Please see below for modified trading hours for the next two days.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-26 & 27-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

COVID 19 and Futures Trading & Gold Weekly Chart, & Support and Resistance Levels 11.25.2020

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Nice article by my colleague, Mark O’Brien:
COVID 19 and Futures Trading
The sweep of the coronavirus around the world ranks as one of the most impactful events in decades. Due in large part to sweeping lockdowns of businesses, travel and social activities, global markets, particularly commodity markets, have experienced price disruptions on an unprecedented scale. Recall earlier this year, the front month crude oil futures contract (May) traded at a value below $0.00 per barrel and at the close of trading one day, its price settled at a negative value. Conversely, gold’s December futures contract recently reached an all-time high above $2,000 per ounce. These price moves and similar ones – in silver, copper, stock indexes like the S&P 500, Nasdaq & Dow Jones, lumber and others – can be at least partly attributed to abrupt changes in supply & demand patterns during this international health crisis and its effects on producers’ and consumers’ behavior.
Weekly Gold Chart Above. Last week I wrote: “Despite a few bearish signals, price seems to hold.
A test of support at 1830 and price action at that level ( if…) will signal future direction.
For now choppy with downward pressure.”
Next level to watch is 1757

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-25-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Gold & Silver Futures & Support and Resistance Levels 11.24.2020

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GOLD Futures GC:
February is now the lead month for Gold futures.
March is now the lead month for silver futures.
A quick note about trading signals/indicators etc.
A filter I like to use at times is called price confirmation.
“Price confirmation”?
What I mean by price confirmation is as follows: just because a signal appears, does not mean we have a crystal ball. In order to increase chances of a good trade I like to enter trades using a stop order. I want to see that price action actually follows the signal, so if I get a long signal, I will look at the bar preceding the signal and place a buy stop order either X # of ticks above that high (depending on the time of the day and the signal). If I get a sell signal, I will look at the bar preceding the signal and place a sell stop X # of ticks below that low (depending on the time of the day and the signal)
I try to enter SOME TRADES using STOP ORDERS
Note about stops: THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A ‘‘STOP-LOSS’’OR ‘‘STOP-LIMIT’’ ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-24-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Weekly Newsletter #1030 – Thanksgiving Holiday Trading Schedule – Free Opportunities & Risk PDF – Copper Weekly Chart – Trading Levels 11.23.2020

Cannon Futures Weekly Letter Issue # 1030

Dear Traders,

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Thanksgiving 2020 Holiday Schedule for CME / Globex and ICE Exchange
Trading 101: Opportunities and Risk, an Educational Guide to Trading Futures and Options
93 page PDF eBook available for instant download
*Learn about futures basics
*Learn about options basics
*Margins and margin calculations
*Spreads
*Options spreads and calculations
*Trading Strategies
*Regulations
*Much More!
Dr. Copper climbing towards the highs from Jan 2018
Weekly Chart along with “turning points” signals
and possible elves for your review.
To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-23-2020

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 here in 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 judgement in trading

Thanksgiving 2020 Holiday Schedule for CME / Globex and ICE Exchange

Thanksgiving 2020 Holiday Schedule for CME / Globex and ICE Exchange

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Thanksgiving Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Thanksgiving Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.

GOLD Futures GC Choppy w/ Downward Pressure & Futures Levels 11.10.2020

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GOLD Futures GC:
A test of support at 1830 and price action at that level ( if…) will signal future direction.
For now choppy with downward pressure.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-20-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

NASDAQ 36 Range Bar Chart Comparison & Support and Resistance Levels 11.19.2020

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Below you will see two charts./ Both of the mini NASDAQ/ NQ
One is 5 minutes on the right, the other is 36 range bar on the left. Click on the chart for LARGE image.
Which one do you find smoother? same indicators, same market.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-19-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Russell 2000 Daily Chart & Support and Resistance Levels 11.18.2020

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Looks to me like the Russell 2000 has been the leader recently leading the Nasdaq/Dow and SP500.
Chart along with current support and resistance levels below. Click on chart for larger image.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-18-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

3 Different Type of Trading Days That Can Approach & Support and Resistance Levels 11.17.2020

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Depending on the type of trading day developing in front of you, one of these 3 approaches may work better than the rest:
The first is what I call the “trend is your friend”. A trader looks at few different time frames, looking to see if there is an established trend on longer time frame ( example 60 minutes chart) and then trying to look for pull back on lower time frames and “join the trend”. Only works for certain markets and only works few times of the month as most days markets do not have an intraday trend.
Second method is what we call break out. Traders will look for markets that have been in a lower volatility situation using indicators such as ADX for example. Then they will look at the chart to find what they feel are levels that if broken can fuel a stronger move in the same direction. These levels can be extracted visually looking at the chart or using highs/ lows of X periods. This method works better on some markets than others. I noticed that crude oil and gold futures tend to have better chances of a continued breakout move than the mini SP 500 for example.
The third one many traders use and believe in is “mean reversion”. Stock index futures in my opinion will fall into this category on many trading days. Market tested yesterday’s highs, then tested lows and traded in between. Traders will sometimes use RSI or Williams %R to get a feel for when the market gets away from the mean and will use counter trend methods in this case. Use of stops, when counter trend trading is even more important as you do NOT want to get caught on the few days a month when these markets do incur a break out situation and go on a sharp trend down or up…..
Obviously, all methods have good days, bad days and I guarantee you, none of these methods work all the time on all markets. Knowing the above and trying to understand what method should be the primary method for the market YOU trade on THAT specific day and which can be used as secondary can help you while trading.
Next time I will try to touch on day-trading using spreads. Examples may be , NQ vs ES or Crude Oil vs. Unleaded.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-17-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Indicator That Can Help you w/ EXITS?, Soybeans Weekly Chart & Trading Levels 11.14.2020

Cannon Futures Weekly Letter Issue # 1029

Dear Traders,

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Trading Videos 101: Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this week’s newsletter we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
  1. Using volume charts along with semi automated exits to day trade the MES ( recent trading example)
  2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
  3. Different ways traders can utilize support and resistance levels in their trading.
  4. Entering trades on a stop, using “price confirmation”.
  5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
  6. Using Bollinger Bands as a possible tool for exiting trades
Soybeans WEEKLY Chart below. Prospects of Biden easing tensions with China is one of the reasons beans and other grains rise up. Weaker US $ is another reason as well as lower estimates on USDA reports.
To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-14-2020

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 here in 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 judgement in trading

Let the ALGOs do the Heavy Lifting & Futures Levels 11.13.2020

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Tomorrow is Friday the 13th……
iSystems – Let the ALGOs do the heavy lifting
iSystems is a trading platform that allows you the investor/trader to browse and view performance from over 1500 professionally designed systems.
You can browse statistics, performance, logic and much more.
A series 3 professional broker is here to assist you if you would like to evaluate any specific systems and even better how to create a diversified portfolio based on your risk profile and capital.
The capital requirements for each Algo range from just $3000.00 and up.
You can choose between day trading Algos and swing trading Algos and much more….
In today’s post I like to share the following 2 systems:
These systems can be started/stopped at anytime by you! You have full control.
Our brokers are more than happy to discuss diff. systems with you, risks, opportunities, risk tolerance and much more and try to assist you.
Some clients like to have some automated systems in addition to their self directed account, some clients prefer to only utilize automated systems as they don’t have the time or desire to trade on their own.
Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-13-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Micro Futures and Support & Resistance Levels 11.12.2020

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I have been telling clients that with recent volatility, one of the biggest adjustments a trader has to make is the trading size. With NQ moving 400-500 points per day and ES sometimes moving 100 points per day, there is nothing wrong with using the MICRO contracts to allow you a bit more staying power, ability to trade smaller because of the wider bands etc.
I have been recently using MICRO NQ, MICRO ES, mini crude, MICRO gold, mini Silver ( SIL) and a few other smaller contracts with good volume simply because I want o base my trading on the chart, price action, support levels etc. and many don’t have the ability to risk 500 NQ points on a swing trade for example ( $10,000) but with a MICRO NQ the risk now becomes a $1000 which allows for better sleep and decision making in my eyes.
Want to learn more about the MICROS and which markets have MICROS that are liquid, the symbols etc? – CONTACT a SERIES 3 broker.
PS: Crude numbers are tomorrow at 11 AM EST ( since today was Veterans Day

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-12-2020

Economic Reports, source: 

https://bettertrader.co 

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 here in 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 judgement in trading.

COVID-19 Impact on Futures Trading

Futures Trading

 

The sweep of the coronavirus around the world ranks as one of the most impactful events in decades. Due in large part to sweeping lockdowns of businesses, travel and social activities, global markets, particularly commodity markets, have experienced price disruptions on an unprecedented scale. Recall earlier this year, the front month crude oil futures contract (May) traded at a value below $0.00 per barrel and at the close of trading one day, its price settled at a negative value. Conversely, gold’s December futures contract recently reached an all-time high above $2,000 per ounce. These price moves and similar ones – in silver, copper, stock indexes like the S&P 500, Nasdaq & Dow Jones, lumber and others – can be at least partly attributed to abrupt changes in supply & demand patterns during this international health crisis and its effects on producers’ and consumers’ behavior.

In this environment, the case could be made to review trading strategies and make adjustments – in market selection (think “full-sized” vs. mini- or micro- contracts), risk parameters – both in terms of dollar value and price toleration – market selection/allocation, trade frequency and for automated systems, adjustments to algorithms. All this would be to expect a continuation of the last several months’ market movement/volatility.

As part of a strategy review, it would be a good idea to also be aware of any price limits or circuit breakers in place for the markets you’re trading. A price limit is the maximum price range allowed for a futures contract for a trading session. At those price limits, trading may halt for a period of time and an expanded price limit is set, or it may be stopped for the day. Circuit breakers are price limits that when hit, set a timer within which the market is restricted from moving beyond the price limit. In some markets, price limits and circuit breakers are based on percentage moves from the prior day’s closing price and thus are recalculated each day.

Grains and livestock futures contracts, for example, have daily price limits that remain in place for an entire trading session. Stock indexes have both price limits that remain in place for an entire trading session and several circuit breakers: ones that are in place overnight and others that work only during the day. During high volatility periods of time, if markets trade to circuit breakers or price limits, orders placed during at that time can be rejected by the exchange. In summary, knowing these price parameters is especially important.

For more information on how CME Group price limits and circuit breakers work, visit this link.

For specific CME Group price limits and circuit breakers, visit this link.

During this time, it’s more important than ever to be informed, aware and prepared. One of the best means available to help you is access to an experienced, knowledgeable broker. Not only do they have answers to questions regarding the items discussed above, they can look at your situation specifically and offer strategy guidance as well as educational material and information sources you may have overlooked, couldn’t find, or were unaware even existed. Contact Cannon Trading Company.

COVID-19 Impact on Futures Trading

  • Increased volatility and risk
  • New traders needed to understand limit down/ limit up
  • Wild overnight swings
  • Wild moves both ways
  • MICROS are a valid tool
  • Twitter is now a factor
  • More than ever an experienced broker is an asset

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

To Become a Successful Commodities Trader, you Must Learn How to Lose… & Trading Levels 11.11.2020

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Dear Commodities Traders,

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We appreciate all the Veterans and their service!! Tomorrow is Veteran’s Day here in the US. Markets are open as usual.
Trading size and discipline are kicking in even more than normal times.
Article below, I HOPE can assist some commodities traders:
Trading 102: To Become a Successful Commodities Trader, you Must Learn How to Lose…
Important NOTE: With The Recent Volatility Across Markets, We Have Seen Margins Increase In Some Markets As Well As Wild Swings And Extreme Volatility In Many Others. For Some, It Can Cost The Full Account Value But Doesn’t Need To. These Volatile Times Require MAJOR Adjustments In How You Approach Trading And Risk Management. I Hope This Article Helps And I Encourage You To Utilize Our Brokers And The Knowledge They Have To Assist You… Contact Us
Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.
I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….
Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when commodities traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward. If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.
I went into this subject and detailed day-trading money management in an article I wrote a few years back for SFO magazine. You can read the full article

Good Trading For Commodities Traders

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-11-2020

commodities trader

Economic Reports, source: 

https://bettertrader.co 

commodities trader

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 here in 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 judgement in trading.

YM Daily Chart & Futures Levels 11.09.2020

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WOW…this trading day starting with the open on Sunday night, will go down in the history books as one of the most volatile day in stock index history as well as the day the Dow futures hits 30,000!
Position sizing is HUGE and very overlooked by most traders.
When the volatility bands widen like we saw today, your relative trading size should go LOWER!

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-10-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Weekly Newsletter #1028 – Free, Interactive Futures Trading Tutorial – Nasdaq Weekly Chart – Trading Levels 11.09.2020

Cannon Futures Weekly Letter Issue # 1028

Dear Traders,

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Trading 101: Free, Interactive Futures Trading Tutorial
An interactive tutorial on the basics ( and a little more) of futures trading.
Regardless if you traded before or new to the futures markets, this tutorial is nicely put together by our regulators and the CME and touches on a variety of sub topics that go into trading futures and options.
Browse through the tutorial at your leisure and at your own pace. Please call us if you have any questions about implementing your strategy or requesting a live demo or have feedback
Mini NASDAQ 100 WEEKLY chart below. Big upside bar this week opens the never ending question….who will come on top? the bears or the bulls?

To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-09-2020

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 here in 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 judgement in trading

Quick Video on Futures Trading Strategies & Futures Levels 11.05.2020

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Dear Traders,

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Stay nimble as markets changing direction and bias rather quickly these past few days…
Don’t get married to one position and don’t let one trade wipe you out….
ELECTIONS MARGINS UPDATE:
Expect the unexpected. Manage risk. Know the rules.
Most of Cannon clearing partners and risk managers have increased margins to full overnight or what we call 100% margins even during the day.
This does NOT apply to all platforms and clearing houses we work with. Some only raised margins for during the night time and some also raised margins through out the day.
Most platforms will have a notice when you login regarding margins.
Cannon offers over 10 different platforms via 5 different clearing houses.
If you are a client who day trades and utilize day trading margins – PLEASE confirm with your broker what are the current margins based on the platform you use and the markets you trade.
Quick video below on futures trading strategies such as using support and resistance levels while trading.
You can view a few more educational videos such as this here.
Using Support and Resistance Levels to Trade Futures

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-05-2020

Economic Reports, source: 

https://bettertrader.co 

 

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 here in 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 judgement in trading.

Elections Margins and Market Behavior & Futures Levels 11.04.2020

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ELECTIONS MARGINS UPDATE:
Expect the unexpected. Manage risk. Know the rules.
Most of Cannon clearing partners and risk managers have increased margins to full overnight or what we call 100% margins even during the day.
This does NOT apply to all platforms and clearing houses we work with. Some only raised margins for during the night time and some also raised margins through out the day.
Most platforms will have a notice when you login regarding margins.
Cannon offers over 10 different platforms via 5 different clearing houses.
If you are a client who day trades and utilize day trading margins – PLEASE confirm with your broker what are the current margins based on the platform you use and the markets you trade.
We will keep you posted to the best of our ability but make sure to reach out to your broker if you have ANY questions.
Managing event risk around the 2020 US election
To help you navigate uncertainty, we take a look at how markets moved in 2016.*
By www.cmegroup.com
Elections and referendums with distinctly divergent market scenarios depending on the outcome of the vote can create significant event risk. That type of event risk is characterized by a binary choice: “A” or “B”, with both outcomes have meaningful probabilities such as 50-50 or 60-40. We saw this back in June of 2016 with the Brexit referendum: “Do we stay or do we go?” We also saw event risk in the US Presidential election in November 2016.
Election event risk has the potential to move markets once the outcome becomes known because pre-event, markets typically price the probability-weighted average of the two conflicting scenarios; that is, essentially the mid-point of the post-event scenarios. This means that once the outcome is known, the market will move quickly to the winning scenario.
The charts below depict how the 2016 election impacted multiple products and asset classes, all offered for trading by CME Group.
*Please note, past performance is not indicative of future results
  Source: CME Group
  • In 2016, price volatility spiked eight weeks prior to the election, followed by a downtrend.
  • In 2016, this downtrend stopped (and reversed course) on election day and in the days after.
  • Price volatility peaked on election night, and it took approximately 10 business days to revert back to the same levels as 10 days prior to the election.
  • The expanding trading range pattern prior to the election appears to be following a similar trajectory in 2020.
  • Despite the similarity in trend, the trading range in 2020 is wider compared to 2016.

 Source: CME Group
  • In Gold, we saw a similar tightening of trading ranges, similar to E-mini S&P 500 and the 10-Year Treasury prior to the election.
  • In 2016, this downtrend stopped and reversed about 10 days prior to the election and spiked on election night.
  • Trading ranges of Gold are wider now compared to 2016.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-04-2020

 

Economic Reports, source: 

https://forexfactory.com

 

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 here in 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 judgement in trading.

ELECTIONS MARGINS UPDATE, Managing Event Risk Around the 2020 US Election & Futures Levels 11.03.2020

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

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ELECTIONS MARGINS UPDATE:
Most of Cannon clearing partners and risk managers have increased margins to full overnight or what we call 100% margins even during the day.
This does NOT apply to all platforms and clearing houses we work with. Some only raised margins for during the night time and some also raised margins through out the day.
Most platforms will have a notice when you login regarding margins.
Cannon offers over 10 different platforms via 5 different clearing houses.
If you are a client who day trades and utilize day trading margins – PLEASE confirm with your broker what are the current margins based on the platform you use and the markets you trade.
We will keep you posted to the best of our ability but make sure to reach out to your broker if you have ANY questions.
Managing event risk around the 2020 US election
To help you navigate uncertainty, we take a look at how markets moved in 2016.*
By www.cmegroup.com
Elections and referendums with distinctly divergent market scenarios depending on the outcome of the vote can create significant event risk. That type of event risk is characterized by a binary choice: “A” or “B”, with both outcomes have meaningful probabilities such as 50-50 or 60-40. We saw this back in June of 2016 with the Brexit referendum: “Do we stay or do we go?” We also saw event risk in the US Presidential election in November 2016.
Election event risk has the potential to move markets once the outcome becomes known because pre-event, markets typically price the probability-weighted average of the two conflicting scenarios; that is, essentially the mid-point of the post-event scenarios. This means that once the outcome is known, the market will move quickly to the winning scenario.
The charts below depict how the 2016 election impacted multiple products and asset classes, all offered for trading by CME Group.
*Please note, past performance is not indicative of future results
  Source: CME Group
  • In 2016, price volatility spiked eight weeks prior to the election, followed by a downtrend.
  • In 2016, this downtrend stopped (and reversed course) on election day and in the days after.
  • Price volatility peaked on election night, and it took approximately 10 business days to revert back to the same levels as 10 days prior to the election.
  • The expanding trading range pattern prior to the election appears to be following a similar trajectory in 2020.
  • Despite the similarity in trend, the trading range in 2020 is wider compared to 2016.

 Source: CME Group
  • In Gold, we saw a similar tightening of trading ranges, similar to E-mini S&P 500 and the 10-Year Treasury prior to the election.
  • In 2016, this downtrend stopped and reversed about 10 days prior to the election and spiked on election night.
  • Trading ranges of Gold are wider now compared to 2016.

 

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-03-2020

 

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Weekly Newsletter #1027 – Margins Update, Circuit Breakers – DOW Jones Chart – Trading Levels 11.02.2020

Cannon Futures Weekly Letter Issue # 1027

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

MARGINS UPDATE:

Upcoming elections fear, COVID resurge and other factors really helped spike up volatility.
Most of Cannon clearing partners and risk managers have increased margins to full overnight or what we call 100% margins even during the day.
This does NOT apply to all platforms and clearing houses we work with. Some only raised margins for during the night session and some also raised margins through out the day.
Most platforms will provide a notice when you login regarding margins.
Cannon offers over 10 different platforms via 5 different clearing houses.
If you are a client who day trades and utilize day trading margins – PLEASE confirm with your broker what are the current margins based on the platform you use and the markets you trade.

During this Time:

*Expect the unexpected…
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
  • Try to use preset brackets/ automated stops and limits etc. if you are able to with your software.
* Know what is going on, reports, current margins, current limits and more.
*Trade smaller. The bands are much larger. Watch the VIX. MICROS and smaller sized contracts like mini Silver and mini crude are good alternatives.
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, take this seriously and do your best to stay healthy….

Circuit Breakers:

I’ve received some questions about the price limits or circuit breakers we have seen mostly in stock index futures. Hopefully this explains things a bit better:
A price limit is the maximum price range permitted for a futures contract in each trading session.  When markets hit the price limit, different actions can occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, they may remain in a limit condition or they may stop trading for the day, based on regulatory rules.
This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.
Overnight limits (5:00 P.M. – 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract’s prior day’s settlement price (3:15 P.M., Central Time).
If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.
This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.
Overnight limits (5:00 P.M. – 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract’s prior day’s settlement price (3:15 P.M., Central Time).
Further, if a contract market moves beyond +/- 3.5% within an hour during the overnight session, trading will be paused for two minutes.
If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.
This applies to the main stock index futures contracts available, such as the ES, MES, NQ, etc.
What is so dangerous you may ask?
If you are long an ES during the night session and the market is limit down (7%) you can NOT get out. There is a chance that when the market opens up at 8:30 AM CDT that the market will then go down the 13% limit without you being able to exit. That means that on certain situations you can lose MORE than you have in your account.
If you don’t understand how the circuit breakers/ price limits work…make sure you call us and talk to a broker at + 1 310 859 9572
This only applies for the overnight session ending at 8:30 A.M. Central Time. At that point, a new set of rules kick in ONLY to the downside.

-7% Trading Halt 15 mins

-13% Trading Halt 15 mins

-20% Closed for rest of day

Trading 101: One of the Most Important (and often overlooked….) Aspects of Day Trading – Learn to Accept Losses

(I think this is a very important read during this time.)
I am frequently asked, (and many times I ask myself) about the keys to trading success in general and futures trading in specific. The list is long and, to be honest, it is not an exact science.
Successful trading is a mix of art and math, personality and discipline and much more in between. I have seen many different ways to make money in the futures and commodities world. I saw and still see clients trade and make money.
Yet, the list of clients who lose money is bigger than the ones who make money….Why?
Dow Jones Industrial Avg. Cash Index WEEKLY chart below. Notice the levels and notice the turning up in volatility on bottom of the chart.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

11-02-2020

 

Weekly Levels

Economic Reports, source: 

https://mrci.com

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 here in 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 judgement in trading.

Margins UPDATE, NQ Daily Chart & Futures Levels 10.30.2020

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
MARGINS UPDATE: Upcoming elections fear, COVID resurge and other factors really helped spike up volatility.
Most of Cannon clearing partners and risk managers have increased margins to full overnight or what we call 100% margins even during the day.
This does NOT apply to all platforms and clearing houses we work with. Some only raised margins for during the night time and some also raised margins through out the day.
Most platforms will have a notice when you login regarding margins.
Cannon offers over 10 different platforms via 5 different clearing houses.
If you are a client who day trades and utilize day trading margins – PLEASE confirm with your broker what are the current margins based on the platform you use and the markets you trade.
We will keep you posted to the best of our ability but make sure to reach out to your broker if you have ANY questions.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

10-30-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Dow Jones Cash Daily Chart, Price Limits & Futures Levels 10.29.2020

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Upcoming elections fear, COVID resurge and other factors really helped spike up volatility.
Dow Jones is sitting on a MAJOR and IMPORTANT support level. Chart below.
*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I feel the following may help….
*Expect the unexpected…
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
  • Try to use preset brackets/ automated stops and limits etc. if you are able to with your software.
* Know what is going on, reports, current margins, current limits and more.
*Trade smaller. The bands are much larger. Watch the VIX. MICROS and smaller sized contracts like mini Silver and mini crude are good alternatives.
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, take this seriously and do your best to stay healthy….
__________________________________________________
I’ve received some questions about the price limits or circuit breakers we have seen mostly in stock index futures. Hopefully this explains things a bit better:
A price limit is the maximum price range permitted for a futures contract in each trading session.  When markets hit the price limit, different actions can occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, they may remain in a limit condition or they may stop trading for the day, based on regulatory rules.
This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.
Overnight limits (5:00 P.M. – 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract’s prior day’s settlement price (3:15 P.M., Central Time).
If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.
This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.
Overnight limits (5:00 P.M. – 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract’s prior day’s settlement price (3:15 P.M., Central Time).
Further, if a contract market moves beyond +/- 3.5% within an hour during the overnight session, trading will be paused for two minutes.
If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.
This applies to the main stock index futures contracts available, such as the ES, MES, NQ, etc.
What is so dangerous you may ask?
If you are long an ES during the night session and the market is limit down (7%) you can NOT get out. There is a chance that when the market opens up at 8:30 AM CDT that the market will then go down the 13% limit without you being able to exit. That means that on certain situations you can lose MORE than you have in your account.
If you don’t understand how the circuit breakers/ price limits work…make sure you call us and talk to a broker at + 1 310 859 9572
This only applies for the overnight session ending at 8:30 A.M. Central Time. At that point, a new set of rules kick in ONLY to the downside.
-7% Trading Halt 15 mins
-13% Trading Halt 15 mins
-20% Closed for rest of day

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

10-29-2020

Economic Reports, source: 

 www.BetterTrader.co

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 here in 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 judgement in trading.

Trading Signals For Buying And Selling (NQ Chart) & Futures Trading Levels 10.28.2020

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
A little example of how I set my intraday NQ chart screen, using 54 range ticks chart along with what I call “turning points” indicators which can be fantastic trading signals.
Red diamonds = possible sell, green diamonds = possible buy.
You can try this for yourself, if you like – for FREE TRIAL.  Build out your own trading signals today!
Trading Signals

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading. A good way to keep up with these sorts of things is with trading signals.

 

Futures Trading Levels

10-28-2020

 

trading signals

Economic Reports, source: 

 www.BetterTrader.co

trading signals

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 here in 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 judgement in trading.

Volatility in Stock Index Futures Extremely High & Futures Levels 10.27.2020

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Volatility in stock index futures is extremely high.
You may want to consider the following:
Reduce trading size.
Adjust stops and entries based on volatility ( ATR/ Parabolics).
Be extra picky on entries without chasing trades.
No trade is better than a bad trade.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

10-27-2020

Economic Reports, source: 

 www.BetterTrader.co

 

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 here in 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 judgement in trading.

Cannon Futures Weekly Letter Issue # 1026 – Levels 10.26.2020

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Trading Videos: Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using Bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
By Ilan Levy-Mayer, VP
This week’s highlighted Market is Natural Gas futures. Natural Gas is part of the energy sector along with its cousins, Crude Oil, RBOB – Unleaded gas and heating oil. All traded on the NYMEX/GLOBEX exchange.
Natural gas is still the nation’s dominant fuel source but democratic presidential nominee Joe Biden touted his $2 trillion clean energy plan seeks to end natural gas use within 15 years. No one knows what the result of the presidential election will be, but in between Nat Gas has seen heightened volatility.
Very volatile market with wild moves recently as well as large intraday trading ranges.
Natural Gas Futures Specs. (this market also offers a mini Nat Gas futures contract which is half the size)
Hours: 5:00 PM to 4:00 PM the following day, Central Time
Margins: $2970 initial, $2700 maintenance ( as of the date of this newsletter
Point Value: full point = $100 ( Example: 404.0 to 405.0 ). Min. price fluctuation is 0.1 = $10 ( Example: 404.1 to 404.2)
Settlement: Physical, deliverable commodity
Months: Monthly cycle, All Months
Weekly Options: YES
Some of the basic fundamentals to keep in mind when you are considering trading the Nat Gas market:
1. Longer term view of current market prices
2. Supply and Demand
3. Seasonality, i.e. heating and cooling cycles
4. Be aware of Thursday morning’s EIA gas storage report at 9:30 AM CDT
Our brokers here at Cannon will be happy to chat about the Natural Gas market, other energies, other futures, options, futures spreads and much more! Feel free to contact us at any time.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

10-26-2020

Weekly Levels

 

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:

 

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 here in 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 judgement in trading.

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