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Author: Ilan

Using Weekly Options Instead of Stop Loss + Futures Trading Levels for 11.09.2017

Posted on by Ilan

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

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Dear Traders,

How many times were you in the right trade, got stopped out simply to see the market goes back the way you thought it was going to?

If you are like most traders, I would say this happened more than a few times….regardless if you are day trading, swing trading or even longer term trading.

Ever considered using weekly options as an alternative to day trading? perhaps in conjunction?

Read the following article on weekly options and feel free to reach out andchat about your trading ANYTIME!

Continue reading “Using Weekly Options Instead of Stop Loss + Futures Trading Levels for 11.09.2017”

USDA Crop Report + Futures Trading Levels for 11.08.2017

Posted on by Ilan

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

____________________________________________________________________

Dear Traders,

Market Movers: November 9 USDA Crop Report

  • By CME Group
  • Topics: Agriculture

Industry experts Dave Hightower, of The Hightower Report, and Dan Basse, President of AgResource Company, preview the November 9 USDA report discussing corn and soybean yields in advance of its publication.

Watch Video at: http://www.cmegroup.com/education/usda-crop-reports.html

Continue reading “USDA Crop Report + Futures Trading Levels for 11.08.2017”

Trading 101: Parabolic Study + Futures Trading Levels for 11.07.2017

Posted on by Ilan

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

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Dear Traders,

Trading 101: Parabolic SAR Study

  • … the parabolic SAR is a trend following indicator.
  • … it can be used to determine a trend and for a trailing stop.
  • … the SAR works in a trending market, not in a ranging market.
  • … combine the SAR with indicators designed to determine the strength of a trend.
  • … you can combine the SAR with the ADX to achieve higher performance.
  • … the settings can be change to make the SAR more sensitive to the price movement.
  • … if you change the settings, the performance should be analyzed with a trading journal to see the effects.

Below is a chart of crude oil from last few days, I highlighted the parabolic SAR to visualize the concept above.

If you have any questions, would like to schedule a one on one consultation with one of our series 3 brokers where you can discuss trading, concepts, studies, mental part of trading and much more, fill out this form.

Crude Oil Chart

Continue reading “Trading 101: Parabolic Study + Futures Trading Levels for 11.07.2017”

LIVE Trading Results of Automated Trading Systems + Futures Trading Levels 11.03.2017

Posted on by Ilan

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

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Dear Traders,

Have you checked out our top performing systems recently?

Take a look at LIVE results of different systems we offer here at Cannon Trading for automated trading.

Automated trading can be done in addition to your own trading. One can use our trading systems if they are too busy to trade on their own and as a speculative investment by itself.

The best part – our series 3 brokers are here to assist you with feedback, answers to questions and help finding the best solution for your trading needs, risk capital and preferences.

Explore our systems now!

Continue reading “LIVE Trading Results of Automated Trading Systems + Futures Trading Levels 11.03.2017”

Bitcoin Futures? + Futures Trading levels 11.02.2017

Posted on by Ilan

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

____________________________________________________________________

Dear Traders,

The Evolving Economics of Bitcoin, Gold and Fiat Currencies

By Erik Norland, Senior Economist & Blu Putnam, Chief Economist, CME Group

Highlights

  • Value of a bitcoin has soared more than 6 million percent in seven years
  • Bitcoin is considered a good store of value as supply is limited
  • Regulators are working to bring cryptocurrencies into the mainstream
  • Growing network of users favors bitcoin’s continued success

Bitcoin Futures? + Futures Trading levels for 11.01.2017

Posted on by Ilan

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

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Dear Traders,

Make November an excellent trading month where you follow your rules, keep track of your trading, write a journal, expand your education and try to be the best that you can be!

Below some news pertaining to Bitcoin and our industry – The Futures Markets ( FYI I have been publishing the SR levels for the bitcoin index for a few weeks now, see section 2).

Bitcoin Surges After World’s Biggest Exchange Announces Plans for Futures

By 

Nick Baker

 and 

Matthew Leising

October 31, 2017, 7:01 AM PDT Updated on October 31, 2017, 8:29 AM PDT

Cryptocurrency soars to record high after announcement

  • Futures seen drawing in professional traders, investors

The allure of bitcoin was too much for CME Group Inc.

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a plan. The largest cryptocurrency, which has surged more than sixfold this year, climbed to a record high after the announcement. Continue reading “Bitcoin Futures? + Futures Trading levels for 11.01.2017”

Trading Levels & Economic Reports for October 31st 2017

Posted on by Ilan

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

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Dear Traders,

Visit us on Facebook: https://www.facebook.com/CannonTradingCompany

Follow us on Twitter: https://twitter.com/CannonFutures

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Continue reading “Trading Levels & Economic Reports for October 31st 2017”

How to Trade in Futures

Posted on by Ilan

Long-term success in futures trading usually doesn’t begin overnight. You need to develop a proven trading technique that – more often as not – works. For new traders, Forbes magazine is a solid source for financial information. In one article, it flatly states, “You would be better off just giving your money to experienced traders . . . it would save on your emotional wear and tear.”

  • First Things First: Research

The only thing more expensive than education is ignorance.
-Benjamin Franklin

  • Time is on your side. As a beginner in futures trading, it’s important to research risks and leverage. You will learn the ins and outs of this exciting marketplace when you work with a trustworthy, experienced online futures trading broker.
  • Part of your research into futures trading is to choose your online futures trading brokerage. The type of guidance you need will change as you learn more about the futures commodities trading market. Hopefully, your brokerage company will mentor your futures trading evolution; as a beginner, you may need a full-service broker. Later, you may opt for lower commissions and fees as you become more knowledgeable and adopt a do-it-yourself approach to online trading. Your considerations include:
  • Brokerage’s reputation for customer service
  • Commission rates you can afford
  • Margin requirements that you can handle
  • Software that is user-friendly and meets your requirements
  • Types of futures in which you are interested

Continue reading “How to Trade in Futures”

What is a Commodity Broker and Types of Commodity Brokers

Posted on by Ilan

“If you buy at the right time, you can make a mountain of money in commodities,” says financial magazine Forbes. ( and here at Cannon we would also like to remind you of the same possible large risk when you buy or sell at the wrong time….) Commodities don’t usually move at the same pace as the stock market, continues Forbes, so they can diversify your investment portfolio and lower the risk factor.

You need a commodity futures & options broker to facilitate your commodities trading. Commodities brokers buy or sell commodity contracts for a commission, and commission rates are usually paid per contract. A completed buy-and-sell transaction in the commodities market is called a round-turn.

Commodities futures brokers’ clients can be hedgers (people who use derivatives contracts to manage risk) or speculators (those who take a risk in hopes of greater profit). If you handle your own account, you are known as a self directed trader. Continue reading “What is a Commodity Broker and Types of Commodity Brokers”

Crude Oil Markets & Trading Levels & Economic Reports for October 27th 2017

Posted on by Ilan

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

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Dear Traders,

Oil Markets in Supply-Demand Tug of War

U.S. West Texas Intermediate (WTI) crude oil has been stuck in a wide yet fairly well-defined trading range of $42 – $55 per barrel since September 2016.  In the near-term, that range might shift modestly upward to $48 – $62, and drift lower over the long term by $10 to $15 per barrel.

High inventories and increased U.S. oil production have tended to push the price to the lower end of the range, while production cuts by the Organization of Petroleum Exporting Countries (OPEC), potential short-term supply disruptions, and incrementally stronger global economic growth have all worked to push the price into the upper portion of the range, and possibly expand the range toward $60 per barrel.   Also, note that despite the lower volatility associated with range-bound trading, open interest in NYMEX WTI crude oil futures has soared to record highs as uncertainty in the oil market remains elevated even if volatility is low on a historical basis.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.