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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.


Candle Sticks Patterns +Cannon Pro FX Trader + Futures Trading Levels for July 10th

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TOP 10 CANDLESTICK PATTERNS TRADERS SHOULD KNOW – We are sharing 3 today and will share the rest over the next few days – Stay Tuned!!
1 – EVENING STAR AND MORNING STAR
  • The evening and morning star candlestick patterns occur at the end of upwards/downward trends respectively and tend to indicate reversal patterns.
  • The names come from the star shaped formation of the arrangement.
  • As you can see from the image below, the first candlestick is in the direction of the trend, followed by a bullish or bearish candle with a small body. The third candlestick is seen in the direction of the reversal, ideally closing passed the halfway point of the first candlestick.
  • Trading this candlestick pattern will require a confirmation candle in the direction of the respective reversal – for example, traders will look for a bearish candle after the evening star.

Independence Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

2 – BULLISH & BEARISH ENGULFING
  • bullish or bearish engulfing candlestick pattern may indicate reversal patterns.
  • A bullish engulfing candlestick formation shows bulls outweigh bears. As the pattern below shows, the green body (bulls) covers completely the first candlestick (bears).
  • A bearish engulfing candlestick pattern is small green (or bullish) candle followed by a larger red (bearish) candle immersing the small green candle.

3 – DOJI
  • The Doji candlestick chart pattern is associated with indecision in the market of the underlying asset. This could mean potential reversal of the current trend or consolidation.
  • This pattern can occur at the top of an uptrend, bottom of a downtrend, or in the middle of a trend.
  • The candlestick itself has an extremely small body centered between a long upper and lower wick.

More to follow and in between try out some of these formations on our FX demo below.

 

As many of you know Cannon has been providing futures trading solutions since 1988. What many don’t know is that Cannon is also offering FOREX (spot FX trading solutions) with the same level of support you have gotten accustomed to on the futures side.
We are proud to announce the addition of an FX powerhouse, IG.
IG US LLC is a registered Retail Foreign Exchange Dealer with the CFTC and a member of the National
Futures Association (NFA). IG Group, the parent company, was founded in 1974 (45 years) and is
listed on the London Stock Exchange. They have built a business around championing their clients
by providing them with cutting-edge tools and 24-hour support. They offer over 80 FX pairs and an
award-winning platform. The IG Group now serves 178,000 clients all over the world, from offices in
16 countries, based across five continents.
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

Futures Trading Levels

07-10-2020

 

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co
All times are Eastern Time Zone

 

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.

Posted in: Future Trading News  

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Can Range Bar Charts Help your Short term trading? + Futures Trading Levels for July 9th

Range Bar Charts

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Range Bar Charts

Find a quick video below on why I prefer range bars, volume charts over time charts for short term trading ( any chart time frame less than 10 minutes).
You can view a few more educational videos such as this here.
https://youtu.be/id3fKJIj-2k

While I use different techniques when long term trading, I like to use range bar charts for the short term trading. When using a time frame of less than 30 minutes or even less than 10 minutes, I am partial to using range bar charts for short term trading futures instead of the traditional time frame charts.

Good Trading

Trading Futures, Options on Futures, Gold 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

07-09-2020

Range Bar Charts


Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co
All times are Eastern Time Zone
Range Bar Charts


 

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.

Posted in: Future Trading News  

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Futures Trading Levels for July 8th + Using Bollinger Bands/Parabolics

Bollinger Bands

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Bollinger Bands 

Find a quick video below on how I like to use Bollinger Bands and Parabolics for trading different futures and different time frames.

Change the Bollinger Band and Parabolic settings to find clues on the market and when to plan your exit.
You can view a few more educational videos such as this here.

Good Trading

Trading Futures, Options on Futures, Gold 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

07-08-2020

Bollinger Bands

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co
All times are Eastern Time Zone
Bollinger Bands

 

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.

Posted in: Future Trading News  

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Are Precious Metals Expensive? & Futures Trading Levels 7.07.2020

Precious Metals

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How Much Do Precious Metals Cost?

Dear Traders,
Have you heard of precious metals? Do you know if they are expensive or not?
Watch this video by the small Exchange and find out about the precious metals complex.
Big things at the Small Exchange!!
Small Precious Metals combines and weights the three most popular metals by global production, US consumption, and trade volume to give you one comprehensive perspective.
Try a demo with Small exchange products.
Open a live account to trade the small exchange products and other futures.

Are Precious Metals Expensive?

Watch here

Good Trading

Trading Futures, Options on Futures, Gold Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss. It 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

07-07-2020

Precious Metals
Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo.


Economic Reports, source: 

https://bettertrader.co
All times are Eastern Time Zone
Precious Metals

 

Order to buy or sell, a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable. But are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained.

Posted in: Future Trading News  

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Futures Trading Levels for July 3rd

Using Tick/Volume charts and Oscillators

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Using Tick/Volume Charts and Oscillators

Dear Traders,

Using tick/Volume charts and Oscillators for day trading

Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading )
I really don’t think anyone has found a “perfect way” to day-trade.
Different techniques work well in different market environment.
In this week short educational feature, I will touch about one technique one can add to their trading arsenal. This technique works better on choppy, two sided ways. It DOES NOT work well when the market has a strong trend.
The chart below illustrates a few principals I like:
  1. It uses a tick chart rather than a time chart. I like tick charts ( range bar, volume charts, renko) better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME.

Good Trading

Trading Futures, Options on Futures, Gold 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

07-03-2020

Volume Charts And Oscillators
Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co
All times are Eastern Time Zone
Volume Charts And Oscillators

 

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.

Posted in: Future Trading News  

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Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips