Day trading can be one the riskiest types of commodity trading. Because it is very different from other types of trading and has a set of rules to abide by, it is often considered as something meant only for those who are well-versed in it.
Definitely it can be a risky affair; however, with the help of day trading experts onc can understand what it is to be a part of the day trading industry. Apart from that, you will also be required to read extensively about the latest on day trading, if you want to understand it completely.
Cannon Trading is here to help you with information on day trading and other kinds of commodity trading, which you may be seeking. Under this category we have listed a number of webinars on day trading. Go through these extremely informative webinars to know a number of things about Day Trading.
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”
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.”
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”
Busy day tomorrow with different economic reports coming out.
If you like to see what my INTRADAY chart looks like, live during the trading session, sign up for my Live Day Trading Webinar:
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:
Continue reading “Live Day Trading Webinar with Real Time Mini SP Set Ups – July 9th 2010”