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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.

The Return of Traders Should Make for Better Market Rhythm, September 8th, 2010

Posted on by Ilan

“An Odd Rhythm Today After the Long Weekend”

Market had some what of an odd rhythm today after the long weekend. We saw big moves in both currencies and bonds. I think that we should see clearer picture tomorrow as more traders will be back after Labor day + we have a few economic reports while today we did not have any reports.
Some levels to watch for tomorrows action from the hourly chart below.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “The Return of Traders Should Make for Better Market Rhythm, September 8th, 2010”

Will Stock Index Futures Upside Momentum Continue?

Posted on by Ilan

“We are Trading Right Against a Major Retracement Level at 1106.50”

I mentioned a couple of days ago that this morning report will determine if we can reach the 1100’s on the SP. Well the answer turned out to be YES. As always in the futures business the current question of what’s next is more important than the previous one….

Well we are trading right against a major retracement level at 1106.50.

As long as pull backs do NOT break 1093, my bias is to the upside. Tuesday should be interesting as we should get an indication if the upside momentum has more legs or not.

Until then, enjoy the long weekend, recharge. Keep in mind the regular session is closed Monday but there is a night session Sunday night and Monday night. More info below.

SP 500 Day Trading
SP 500 Day Trading

Holiday schedule at:
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https://www.cannontrading.com/community/newsletter/
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Continue reading “Will Stock Index Futures Upside Momentum Continue?”

Unemployment Numbers are The Deciding Factor for Futures Trading

Posted on by Ilan

“It’s a Wild Ride, so Hang on with Everything You’ve Got!”

Unemployment numbers tomorrow will provide some action ahead of the long weekend.

Holiday schedule at:
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https://www.cannontrading.com/community/newsletter/
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Non Farm Payroll Report
Non Farm Payroll Report

Continue reading “Unemployment Numbers are The Deciding Factor for Futures Trading”

September May Provide More Volatility for Futures Market, September 1st 2010

Posted on by Ilan

Wishing all of you a great trading month in September!

Since we start a new month, I thought a monthly chart of SP 500 would be appropriate for longer term view.
My overall stance is leaning towards the bear camp.

I think that 1000-1017 are is very important support and if we break below it can accelerate selling towards 941 level very fast. On the other hand as long as that support holds the market will trade in a wide range between the 1000 level and 1115 area.

SP - Standard & Poor's 500-Pit (S&P 500), Monthly COntinuation
SP – Standard & Poor’s 500-Pit (S&P 500), Monthly COntinuation

Continue reading “September May Provide More Volatility for Futures Market, September 1st 2010”

The Time for Online Futures Trading is Now, August 31st 2010

Posted on by Ilan

“A Recipe for a much Different Trading Day”

We have a full day of reports tomorrow, including FOMC MINUTES. that should be a recipe for a much different trading day than we had today.

I would categorize today’s session, as lower volume, lower volatility but yet wide enough ranges on the stock indices to produce different set ups to go with the reversal trend. If I had to guess for tomorrow session, I would guess higher volatility with swings in both direction. Knowing what type of trading day you are in early enough or the type of personality the market is having on any certain trading day is HUGE in my opinion as different types of trading days require different approaches/ methods and trading style.

Continue reading “The Time for Online Futures Trading is Now, August 31st 2010”

Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010

Posted on by Ilan

“Learn From Mistakes”

We bounced pretty good from major support early this morning. Some levels to pay attention to as we start a new week in the mini Dow chart below. Until then, relax, clear your head from trading, “what you could have done and should have done” etc…..write a journal if needed, learn from mistakes when you can but don’t let negative energy hurt your trading.

Have a great weekend!

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation
YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Continue reading “Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010”

Promising Outlook on Online Futures Trading for August 27th 2010

Posted on by Ilan

“Potential for Trades on Both Sides”

Market is showing weakening signs. We need to hold previous lows of 1037 and rally in order to gain any upside momentum. Break of this level can bring 1000.75 much quicker.

I have a feeling traders will have potential for trades on both sides depending on volatility and pre market GDP report tomorrow.

A chart of the SP 500 CASH INDEX for your review below:

SPC5 - Standard & Poor's 500 Index (S&P 500), Daily
SPC5 – Standard & Poor’s 500 Index (S&P 500), Daily

Continue reading “Promising Outlook on Online Futures Trading for August 27th 2010”

Strong Start for Online Futures Trading, Day Trading Webinar and Levels for August 26th 2010

Posted on by Ilan

“Day Trading Webinar and Levels”

Below is a screen shot from today’s “Live Chart” service I provide. If you are interested in 2 weeks free trail,

please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

EPUO - E-mini S&P 500, Sep 10, 10000 Contracts : Constant Volume Bar
EPUO – E-mini S&P 500, Sep 10, 10000 Contracts : Constant Volume Bar

Continue reading “Strong Start for Online Futures Trading, Day Trading Webinar and Levels for August 26th 2010”

Online Futures Trading Support and Resistance Levels for August 25th 2010

Posted on by Ilan

“We Met the Initial Target of 1049”

Yesterday I mentioned the following:

Daily chart of the mini Russell, which I consider the leader, for review below. Looks like we may get a test of previous lows and if and then the big question.. do we bounce or do we start a new leg lower:

Well the big question for this point in time is here.. we met the initial target of 1049 and from a technical point of view we are looking at some wide bands. 1049 being pivot line, 1080 being resistance and 1000.75 being major support.

Today I am sharing daily chart of the mini SP 500 for review:

to sign for free trail, visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

EP - E- Mini S&P 500, Equal Active Daily Continuation
EP – E- Mini S&P 500, Equal Active Daily Continuation

Continue reading “Online Futures Trading Support and Resistance Levels for August 25th 2010”

Online Futures and Commodities Market Reports for August 20th 2010

Posted on by Ilan

“Try the Daily Live Charts Service Free for 2 Weeks”

Screen shot from my daily live chart service below. You are more than welcome to try this service for 2 weeks free if you have not had the trial before. Cost of service for cannon trading clients is $119 per month.

During the sharing of live charts (which i provide under LEVEX Capital mgmt. Inc – Commodity Trading Advisor) I share my approach, concept/model for day-trading, my proprietary DIAMOND indicator and general feedback from my experience.

to sign for free trail, visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

EPU) - E-mini S&P 500, Sep 10, 10000 Contracts : Constant Volume Bar
EPU) – E-mini S&P 500, Sep 10, 10000 Contracts : Constant Volume Bar

Continue reading “Online Futures and Commodities Market Reports for August 20th 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.