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Category: Day Trading

Here is a subject that a lot of people don’t understand at all. Day Trading can be risky. So, it is something that you should stay away from unless and until you are absolutely sure about what you are doing.

There are a number of items about Day Trading such as the minimum mantaince requirementand more that need to be taken into consideration. With the blogs and write-ups listed in this section, you can learn a great deal about day trading.

We at Cannon Trading can help you understand the different concepts of trading and present you with the latest information on the same. Our team of professional and smart people can help you in your day trading transactions and more. In order to understand day trading more clearly, we advise that you go through all the write-ups listed in this category archive on Day Trading.

Free Day Trading Webinar Trial, October 18th 2010

Posted on by Ilan

Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.

Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)

Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.

For a Free Day Trading Webinar Trial Please Visit:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Free Day Trading Webinar Trial, October 18th 2010”

617.10 is Initial Target for FIB Level for Futures Trading, September 24th 2010

Posted on by Ilan

I got two “false” sell signals before this last one….I think the fact that we went through the first FIB level gives this short swing trade higher chances of being correct with initial target of 617.10.

Since NONE of us have a crystal ball, one always has to calculate the proper stop or risk allocated for the trade and see if it makes sense based on ones account size, risk tolerance etc.

For this specific one, I would conclude that my short trade is wrong if we trade above 660.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “617.10 is Initial Target for FIB Level for Futures Trading, September 24th 2010”

Watch for Price Action the Day After FOMC, September 22nd 2010

Posted on by Ilan

FOMC is behind us. Mixed reaction from the market and many times the real direction will show the next day, so tomorrows price action is important to watch. My indicators suggest that as long as we can hold the 1115 level, we still have a shot at more upside move. However a break below 1115 on mini SP along with continued upside in bond market may suggest temporary top. Time and price will tell.

Continue reading “Watch for Price Action the Day After FOMC, September 22nd 2010”

FOMC to Provide Futures Trading Market with Direction, September 21st, 2010

Posted on by Ilan

FOMC tomorrow around 2:15 Eastern time. Even before that we will start the day with some important housing numbers. FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market. My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. I am including 5 minutes chart from August 10th of this year, which was the last FOMC we had for your reference. Continue reading “FOMC to Provide Futures Trading Market with Direction, September 21st, 2010”

Futures and Commodity Trading Blog, September 20th 2010

Posted on by Ilan

Market finally broke to the upside but like always “tries to make it harder” for us traders…. The upside breakout lacked momentum and / or continuation, at least today. However, I have shifted my swing trading stance to cautiously bullish as long as SP500 can hold above 1105.75….

FOMC next Tuesday along with busy Thursday / Friday economic and speaking schedule.

Have a great weekend, take time to recharge the brain and “clean it” from all the ” I should have placed a stop at this price and i should have taken that trade” etc….Once a trader has a concept they feel good about, the rest of the battle is mostly mental one with yourself.

Continue reading “Futures and Commodity Trading Blog, September 20th 2010”

1122.75 Will be Decision Level to Break Upside, September 15th 2010

Posted on by Ilan

I wrote yesterday:

“Looks like 1122 should be a decision level based on the chart below.”

Well very similar comments today…… looks like 1122.75 should be decision level if we are to break upside, while 1105.75 to 1109.25 is the support to watch. Chart for your review below.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “1122.75 Will be Decision Level to Break Upside, September 15th 2010”

1122 on SP 500 Futures Will be Point of Decision, September 14th 2010

Posted on by Ilan

Looks like 1122 should be a decision level based on the chart below.

Wishing all of you a great trading week. For a free 2-week trial to live intraday trade set ups on the mini SP 500, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP-500-Day-Trading-2010-09-14-150x150

Continue reading “1122 on SP 500 Futures Will be Point of Decision, September 14th 2010”

Futures Stock Indicies Have Officially Rolled Over, September 13th 2010

Posted on by Ilan

December is now the front month for stock indices, currencies, financials and many other markets.

You should not be trading any September contracts.

Chart of Mini SP 500 for your review below ( December continuous chart)

Have a great weekend!

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Futures Stock Indicies Have Officially Rolled Over, September 13th 2010”

Future Stock Indices Due for Rollover, September 10th, 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 September 2010 contract to the December 2010 contract. The month code for December is ‘Z’. It is recommended that all new positions be placed in the December contract as of Thursday’s trade date. Please close any open September Currencies positions by the close on Friday the 10th. Should you have any further questions please contact your broker.

Continue reading “Future Stock Indices Due for Rollover, September 10th, 2010”

Future Stock Indices Due for Rollover, September 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 September 2010 contract to the December 2010 contract. The month code for December is ‘Z’. It is recommended that all new positions be placed in the December contract as of Thursday’s trade date. Please close any open September Currencies positions by the close on Friday the 10th. Should you have any further questions please contact your futures broker.

Continue reading “Future Stock Indices Due for Rollover, September 9th, 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.