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.
Unemployment numbers tomorrow will provide some action ahead of the long weekend.
Holiday schedule at:
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Continue reading “Unemployment Numbers are The Deciding Factor for Futures Trading”
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.
Continue reading “September May Provide More Volatility for Futures Market, September 1st 2010”
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”
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!
Continue reading “Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010”
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:
Continue reading “Promising Outlook on Online Futures Trading for August 27th 2010”
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
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
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
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:
Continue reading “Futures Exchange: Using Different Day Trading Techniques August 17th 2010”
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.
Continue reading “Online Trading and Futures Market Resistance Levels August 2nd 2010”