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.
Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
ECB RATE decision tomorrow early. Can be a market mover! ( This is the equivalent of our FOMC but for European Union).
Always know what reports are coming and how they affect the markets you are trading!
Tags: ECB Rate Decision > Economic Reports > Futures Trading Levels Posted in: Future Trading News
Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
I must admit today’s volatility was tough for me both as a trader and as a broker….
Some days are just losing days….
Don’t fight it. You will have losing days. I have been in the futures industry for 20 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.
Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a lose and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an acct of $10,000, a normal losing day would be down $500?) into one of those days where they wipe out half of their account if not more….
Sometimes we need to learn how to lose before we can excel in trading.
Tags: Economic Reports > Futures Trading Levels > Losing Day Posted in: Future Trading News
Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
Bitcoin Nipping At Gold Demand
by DEBBIE CARLSON
Supply & Demand
The World Gold Council (WGC), the trade group representing the gold industry, said in its fourth-quarter Gold Demand Trends report that the yellow metal’s global, full-year demand fell by 7% last year. ETF demand in 2017 was one-third of 2016’s pace, although 2016 was the second-highest year on record.
Rhind and Thomas say the people who were interested in bitcoin were drawn to the parabolic price rise, rather than viewing it as having the same risk management role in their portfolio as gold does.
“Almost to the person, they all thought bitcoin was exploding, and they didn’t want to miss ‘the move’ … no one ever mentioned safety to me,” Thomas said.
Tags: Bitcoin Nipping > Economic Reports > Futures Trading Levels > Gold Demand Posted in: Bitcoin Futures | Future Trading News
Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
A Quick Review of Valuable Reports Made Available by the C.F.T.C. for All Traders
By John Thorpe, Cannon Trading Senior Broker
A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.
There is:
1.) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage
Another report compiled by the CFTC is the:
2.) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage
Tags: COT reports > Economic Reports > Futures Trading Levels Posted in: Future Trading News
