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Category: Commodity Trading

Investment is a game of money of securing future money by taking a risk today. Trading therefore comes with a list of rules to play by. Commodity trading in particular offers tremendous potential for becoming a completely different asset class.

However, before investing in any kind of commodity, you must do an in depth research and also ask your broker as many questions as possible. Through this category archive we provide you as much information and valuable insights into the world of commodity trading.

We at Cannon Trading are here to help you with your commodity trading needs. You as a trader should select your commodity trading advisor only after performing a due diligence on him/her. We in fact do that for you. This way, you get only the best advice to help you with your commodity trading.

We’ve got the information that you might need at every step of commodity trading, and you’ll find it all right here in the commodity trading section of our blog. Read up, and read on to get equipped!

Futures Trading Levels & Economic Reports for July 19th 2010

Posted on by Ilan

Quick note about good trading days/periods, bad trading days/periods..

I sometimes hear from clients, that they are not happy because after a period of making money and trading well they are now in a period of ‘scratching’ or losing a ‘little’. If this is the case you are doing well! Why (you may ask)? Because if your bad periods are small losses or scratch, you will be there for the good periods and the next leg up hopefully. However, if your bad trading days/periods include very large losses or drawdowns you may have to go back to the drawing board since the math will not make sense when it’s all said and done.

I have detailed more on the subject in an article I wrote a few years back, called ‘Survivor day-trader’. If you’d like a copy, please send me an email with name, email address, tel number. Please specify if you are a client of cannon or not. I will only email the article to those clients/prospects who provided me with correct information. Thanks for your cooperation!

Continue reading “Futures Trading Levels & Economic Reports for July 19th 2010”

Futures Trading Levels & Economic Reports for July 16th 2010

Posted on by Ilan

Interesting action today! Not sure what to make of it, there is a case for the bulls and a case for the bears. I am thinking that as a swing trader, one can try to short the market with a stop slightly above the recent highs ( recent high was around 1100 ). Taking the approach that while chances of getting stopped out are higher than normal, the relative risk is smaller than the relative potential reward. On the other hand, bulls may get more confidence going long if market breaks above 1103 or so..

Daily chart for review below.

EP - E Mini Standard & Poor's 500 (S&P), Equalized Active Daily Continuation
EP – E Mini Standard & Poor’s 500 (S&P), Equalized Active Daily Continuation

Continue reading “Futures Trading Levels & Economic Reports for July 16th 2010”

Futures Trading Levels & Economic Reports for July 13th 2010

Posted on by Ilan

Daily chart below of mini SP 500 shows that we are trading against some potential resistance right around the 1081 level. I think the next few days will carry higher volatility than last two trading sessions and should provide more volatility and ranges for day-traders.

EP - E Mini Standard & Poor's 500 (S&P), Equalized Active Daily Continuation
EP – E Mini Standard & Poor’s 500 (S&P), Equalized Active Daily Continuation

Continue reading “Futures Trading Levels & Economic Reports for July 13th 2010”

Live Day Trading Webinar with Real Time Mini SP Set Ups – July 9th 2010

Posted on by Ilan

Live Day-Trading Webinar with real time mini SP set ups – This Friday!

Space is limited.

Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/769060451

This Friday, July 9th , Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 8:15 AM central time.

During the webinar, Ilan will:

  • Share his approach to day trading futures
  • Explain his day trading strategies that can be applied to futures markets such as the E Mini S&P 500, crude oil futures, euro currency, trade show exhibits and others
  • Review some of his technical indicators
  • Detail his day trading money management philosophy
  • Walks through live trade set ups as they happen real-time

Continue reading “Live Day Trading Webinar with Real Time Mini SP Set Ups – July 9th 2010”

Futures Trading Levels & Economic Reports for July 7th 2010

Posted on by Ilan

The futures markets in general had some “futures trading to make up” after the long weekend and we some strong moves and bit more volatility in variety of commodity and futures markets.

I mentioned on Friday blog:
“Stock indices are getting a bit oversold and I suspect that sometime next week we should see a good, short covering rally. However, i don’t try to predict when it will happen but rather use price action with support/resistance lines to get a confirmation. Daily chart of the e mini Russell 2000 for your review below. A break above 613 would give me more confidence in taking a trade from the long side, until then the trend is still pointing lower.”

Well.. today we did see a nice rally that peaked at 612.20 on Sept. mini Russell and headed south afterwards.

In today’s chart I decided to share the popular and followed Dow Jones index. Same analysis from Friday still holds. While indices may be oversold, I would like to see more follow through on the buy side instead of price failure like we saw in today’s session. 9913 is my level to watch on the Dow Jones cash index.

SP 500 Day Trading for July 6th 2010
SP 500 Day Trading for July 6th 2010

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Futures Trading Levels & Economic Reports for July 6th 2010

Posted on by Ilan

Wishing you a great 4th of July weekend! ( Our office is closed Monday )

Stock indices are getting a bit oversold and I suspect that sometime next week we should see a good, short covering rally. However, i don’t try to predict when it will happen but rather use price action with support/resistance lines to get a confirmation.

Daily chart of the e mini Russell 2000 for your review below. A break above 613 would give me more confidence in taking a trade from the long side, until then the trend is still pointing lower.

TFE - Russell 2000 Index Mini (S100) (ICE), Equalized Active Daily Continuation
TFE – Russell 2000 Index Mini (S100) (ICE), Equalized Active Daily Continuation

Continue reading “Futures Trading Levels & Economic Reports for July 6th 2010”

Futures Trading Levels & Economic Reports for July 2nd 2010

Posted on by Ilan

Non-farm Payrolls and Unemployment Rate before the open tomorrow and long weekend ahead.
Should make for an interesting session..

Non Farm Payroll Report Motivational
Non Farm Payroll Report Motivational

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Futures Trading Levels & Economic Reports for July 1st 2010

Posted on by Ilan

As June ends and July is about to start, I thought it would be appropriate to share the monthly chart of the Mini S&P 500 :

SP 500 Day Trading for June 30th 2010
SP 500 Day Trading for June 30th 2010

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Futures Trading Levels & Economic Reports for June 30th 2010

Posted on by Ilan

Little longer term view provided below through the weekly chart of the Mini S&P 500.

EP - E Mini Standard & Poor's 500 (S&P), Weekly Continuation
EP – E Mini Standard & Poor’s 500 (S& P), Weekly Continuation

Trading Levels:

Futures Trading Levels June 30th 2010
Futures Trading Levels June 30th 2010
Continue reading “Futures Trading Levels & Economic Reports for June 30th 2010”
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.