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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.

Futures Exchange: Using Different Day Trading Techniques August 17th 2010

Posted on by Ilan

“The News can really Move the Futures Market”

Somewhat of a quiet day on the futures exchange to start the week after some volatile sessions last week. As I’ve said many times before, if a trader can recognize early enough during the trading session, what type of trading day is about to unfold, then one can use the proper day-trading technique more suitable for that day.

Some examples may include: join the trend on trending day, mean aversion techniques on choppy days and much more.

On a different note, I got a blue diamond for tomorrow’s session which can mean potential up day if the market can break above 1083.00 or….continued decline if it fails to gain some upside momentum. Daily chart for review below:

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

Continue reading “Futures Exchange: Using Different Day Trading Techniques August 17th 2010”

Online Trading and Futures Market Resistance Levels August 2nd 2010

Posted on by Ilan

“GOOD TRADING!”

Wishing all of you a great trading month during August 2010! Enjoy the weekend, clear your mind from trading emotions and recharge for the new week / month.

Futures & Commodity Trading Levels (Potential Support/Resistance):

Futures & Commodity Trading Levels (Potential Support/Resistance):
Futures & Commodity Trading Levels (Potential Support/Resistance):

Continue reading “Online Trading and Futures Market Resistance Levels August 2nd 2010”

EMini S&P 500 Charts, Day Trading Tips & Resistance Levels July 27th 2010

Posted on by Ilan

“Today’s Futures Trading session was lower volume”

Well like I said before, each day-trading session in the commodities and futures markets can wear a different dress. Today’s trading session was lower volume, indecisive to start with but with enough intra-day swings in price action to provide some trading set ups.

I mentioned before in this blog as well as in my day-trading webinar that if a trader can get an early sense to the type of trading day that is about to unfold, he/ she can really increase their chances by using methods/ indicators and set ups that work better for the different trading days ( trending, choppy, volatility on both sides etc.)

In between, below you will see a daily chart of the mini SP 500 with what may be some resistance levels on the way up and possible support levels if we decide to turn around and head back south ( last week we had more than a few changes in market direction)

Continue reading “EMini S&P 500 Charts, Day Trading Tips & Resistance Levels July 27th 2010”

One Way to Eliminate Fear and Greed While Day Trading

Posted on by Ilan

One Way to Eliminate Fear and Greed While Day Trading

It is a known fact that fear and greed can be a trader’s worst enemies. I’ve found one way that has helped some clients deal with fear and greed and their cousin, “getting out of winners too soon and staying in losers too long.”

What is it? Entering multiple contracts

In order to enter multiple contracts while day trading, one has to have the appropriate risk capital and margin requirements. But the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract (or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts), you can face a very quick dilemma (especially when day-trading). Consider the two following scenarios:

1. You get in and very quickly you are up 2 mini SP points…what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?

2. You enter a trade and it goes against you rather quickly…if you get out then it is a loser…but the little voice in your head says “what if the market goes back up?”

Continue reading “One Way to Eliminate Fear and Greed While Day Trading”

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”

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 June 29th 2010

Posted on by Ilan

Not much to say.. quiet session and in my opinion very few intraday set ups if at all..

Trading Levels:

Futures Trading Levels for June 29th 2010
Futures Trading Levels for June 29th 2010
Date ET Release For Actual Briefing.com Consensus Prior Revised From
  • Jun 29 09:00 Case-Shiller 20-city Index Apr NA 3.5% 2.3%
  • Jun 29 10:00 Consumer Confidence Jun NA 62.0 63.3
  • Jun 30 08:15 ADP Employment Change Jun NA 56 55
  • Jun 30 09:45 Chicago PMI Jun NA 59.5 59.7
  • Jun 30 10:30 Crude Inventories 06/26 NA NA NA
  • Jul 01 08:30 Continuing Claims 06/19 NA NA NA
  • Jul 01 08:30 Initial Claims 06/26 NA NA NA
  • Jul 01 10:00 Construction Spending May NA -0.9% 2.7%
  • Jul 01 10:00 ISM Index Jun NA 58.8 59.7
  • Jul 01 10:00 Pending Home Sales May NA -10.5% 6.0%
  • Jul 01 14:00 Auto Sales Jun NA NA 3.9M
  • Jul 01 14:00 Truck Sales Jun NA NA 5.2M
  • Jul 02 08:30 Nonfarm Payrolls Jun NA -70K 431K
  • Jul 02 08:30 Unemployment Rate Jun NA 9.7% 9.7%
  • Jul 02 08:30 Hourly Earnings Jun NA 0.1% 0.3%
  • Jul 02 08:30 Average Workweek Jun NA 34.2 34.2
  • Jul 02 10:00 Factory Orders May NA -0.6% 1.2%

Continue reading “Futures Trading Levels & Economic Reports for June 29th 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.