Open An Account
Free Demo Account Subscribe Here

Category: Currency Futures

In simple terms, a currency futures contract is a futures contract where you agree to exchange one currency for another, on a specified date at a price that is fixed on the date when the contract is purchased.

Having been around since the 1970s, currency futures are counted as medium to high risk contracts. One thing worth knowing about forex is that they are not traded on a centralized exchange, futures currencies however do and that is an advantage for traders in our opinion. Now, in order to bring down the risk of trading currency futures, one can rely on hedging. This blog archive on currency future lists a number of write-ups on currency futures and hedge funds.

At Cannon Trading, we can help you with all that you need to know about currency futures trading. Our professional team educates and assists you in dealing with tricky trade situations. Please do read the informative articles that have been listed under this category.

Top Five Commodities to Watch | Canadian Dollar Chart | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Monday, November 14 2011

divider black 190

1. Market Commentary

This week’s “Top 5 Commodities to Watch”, an article written by Cannon Trading’s senior broker John D. Thorpe, was featured on the Financial Edge section of Investopedia. John introduces Gold, Live Cattle, Corn, Sugar, and energies like Crude Oil, Unleaded Gas and Heating Oil as the commodities to watch over the next month. He then breaks down why investors should be paying attention, citing a variety of international price pressures, seasonal tendencies, and recent government data.

divider black 190

Also below is a daily chart of Canadian Dollar along with the trade reco I sent subscribers yesterday:

Long Dec. Canada

Long at 98.03 limit

stop 97.20

target 99.18

canadian dollar

If you would like to be included on Swing Trade Alerts such as this one,

please send me an email with the following information:

1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?

divider black 190

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1278.53 2435.00 12303 775.70
Resistance Level 2 1271.52 2397.50 12217 759.90
Resistance Level 1 1266.63 2375.00 12163 751.30
Pivot Point 1259.62 2337.50 12077 735.50
Support Level 1 1254.73 2315.00 12023 726.90
Support Level 2 1247.72 2277.50 11937 711.10
Support Level 3 1242.83 2255.00 11883 702.50

 

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance Level 3 1823.9 1.4056 101.54 142 1/32
Resistance Level 2 1806.6 1.3926 100.37 141 21/32
Resistance Level 1 1798.0 1.3839 99.69 141 4/32
Pivot Point 1780.7 1.3709 98.52 140 24/32
Support Level 1 1772.1 1.3622 97.84 140 7/32
Support Level 2 1754.8 1.3492 96.67 139 27/32
Support Level 3 1746.2 1.3405 95.99 139 10/32

divider black 190

4. Economic Reports for Monday, November 14, 2011

Industrial Production m/m
5:00am

Mortgage Delinquencies
14th – 18th

Euro Currency Futures Market | Daily Mini S&P 500 Futures Chart | Support and Resistance Levels

Posted on by Ilan

 

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

divider black 190

1. Market Commentary

HUGE upside move….

I mentioned last week that I expect a BIG move and provided two scenarios (please see blog from Oct. 21st)….If I could only know for sure which way the move will go….hindsight is 20/20

The big question is whats ahead for stock index futures ( mini SP500, Mini Dow, Mini NASDAQ 100, Mini Russell 2000 and the rest of the family…). It seems that right now, the main factor is Europe. Continue reading “Euro Currency Futures Market | Daily Mini S&P 500 Futures Chart | Support and Resistance Levels”

New Margin Requirements US Dollar Index, Continuous Commodity Index, RJ CRB Index

Posted on by Ilan

Please be aware of the following margin requirement changes effective with the opening of business on Tuesday, September 27, 2011 and thereafter. The affected contracts are the US Dollar Index (DX), the Continuous Commodity Index (CI), and the RJ/ CRB Index (CR)

Outright Margin Requirement Changes

Contract New Margin Change
US Dollar Index (DX) 1,500 USD +50 USD
Continuous Commodity Index (CI) 16,000 USD +8,000 USD
RJ/CRB Index (CR) 700 USD +200 USD

New Front Month – Futures Trading Rollover Day for Minis and Currencies Tomorrow | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports

divider black 190

1. Market Commentary

FRONT MONTH FOR EQUITIES IS DECEMBER. THE SEPTEMBER MINI SP ( AND OTHER MINIS WILL STOP TRADING TOMORROW MORNING!! ALSO CURRENCIES WILL ROLLOVER TO DECEMBER TOMORROW. PAY ATTENTION AS DELIVERIES AND MISTAKES CAN BE QUITE COSTLY.

SYMBOL FOR DECEMBER IS Z

As far as price direction, I am still not sure how to attack this market (outside of quick day-trades which I review live). We are against some resistance levels on the daily chart and I am curious to see the market reaction as the September contract is few hours from expiration.

When in doubt, it’s best to stay out, even more so in trading. I think that many successful traders will agree that the trades you DON’T take are probably more important than the ones you do. Continue reading “New Front Month – Futures Trading Rollover Day for Minis and Currencies Tomorrow | Support and Resistance Levels”

Futures Trading Levels, We Now Trade September Indeces and Currencies

Posted on by Ilan

Cannon Trading / E-Futures.com

June To September Rollover Notice

Please note that we are now trading September indices as well as September currencies.

Make sure you DO NOT HOLD ANY JUNE CURRENCIES in your account.

Should you have any further questions please contact your futures broker.

Daily chart of the DOW JONES CASH INDEX for your review below.

We have been trading lower on good volume and for now the trend points lower. Wishing you a great weekend and good trading week to come. Continue reading “Futures Trading Levels, We Now Trade September Indeces and Currencies”

Futures Trading Levels, 10-Year S&P Cash Index Chart

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great weekend and successful trading month in May.

Since it is a new month, I thought it would be appropriate to share a monthly chart of the SP500 CASH INDEX for much longer term prospective….. Continue reading “Futures Trading Levels, 10-Year S&P Cash Index Chart”

Futures Trading Levels, Now Trading June Indices, E-Minis and Currencies

Posted on by Ilan

Cannon Trading / E-Futures.com

We are NOW TRADING JUNE FOR INDICES< EMINIS and CURRENCIES!!!

Daily chart of ES below. Todays sell off stopped almost exactly on the 50% retracment level from lows from Nov. 16th 2010 to the highs we made Feb 21st this year

Daily E-Mini S&P 500 futures trading chart screenshot from today March 15th 2011

Stock futures trading chart levels Tuesday March 15th 2011 Continue reading “Futures Trading Levels, Now Trading June Indices, E-Minis and Currencies”

Live Day-Trading Webinar with Real Time Mini SP, Crude Oil and Euro Currency Set-Ups, January 4, 2011

Posted on by Ilan

Join us for a Webinar on January 5th

Click Here to Register for the January 5, 2011 Webinar by Ilan Levy-Mayer

Space is limited.

Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/834358098

This Wednesday, January 5th , 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 and
  • 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, 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

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.

Title:        Live Day-Trading webinar with real time mini SP, Crude Oil and Euro Currency set ups
Date:        Wednesday, January 5, 2011
Time:        6:15 AM – 10:00 AM PST

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server Continue reading “Live Day-Trading Webinar with Real Time Mini SP, Crude Oil and Euro Currency Set-Ups, January 4, 2011”

Equity Rollover Notice and Currency Delivery for December 9th 2010

Posted on by Ilan

Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 9th at 8:30 am Chicago time from the December 2010 contract to the March 2011 contract. The month code for March is ‘H1’.

It is recommended that all new positions be placed in the March contract as of Thursday’s trade date.

Please close any open December Currencies positions by the close on Friday the 10th.

Should you have any further questions please contact your broker.

View the Rest of Our Weekly Futures Market Newsletter at:
**************************************************************
https://www.cannontrading.com/community/newsletter/
************************************************************** Continue reading “Equity Rollover Notice and Currency Delivery for December 9th 2010”

Another Chance for a Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 30th 2010

Posted on by Ilan

I wanted to share some of today’s activity we had in the daily webinar service I hold. The “webinar” is a service I offer, where I share mostly the mini SP chart but also other markets like Euro currency, Crude Oil and Mini Russell.

In the webinar I display my charts, trading indicators, trading algorithm, trade management philosophy, risk management and more.

Some days i also provide live trading examples using my demo, like I did today.

Below you will see a segment from today’s webinar where the DIAMOND algorithm provided us with more than several trade set ups for 2 mini SP points each time.

For free trial and more information, visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

( NO REPEAT TRIALS )

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Another Chance for a Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 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.