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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Futures Trading Levels for April 22nd, 2021

Posted on April 21, 2021April 23, 2021 by Ilan

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Dear Traders,

Today’s action in Silver, gold, SP and NQ lead me to write the quick piece below.

Few words on BREAKOUT trading.

The concept is one of many different traders use.

Some like to use COUNTRER TREND trading.

others look at ORDER FLOW, some will use support and resistance mainly and hopefully more traders will master a few different techniques and use the appropriate one depending on the type of trading day that is developing in front of their eyes.

The concept of break out trading looks for the market to “snap out” of a certain trading range and continue moving in that direction. The toughest part is to filter out the “fake breakouts” and recognize early enough which breakouts have the potential to be a powerful one.

A few tips to explore:

Look for a breakout on a smaller time frame that will coincide with a longer time frame CURRENT trend. So you may look at a daily trend and look for a breakout on the hourly chart?

You may trade smaller time frames and look for breakouts that will coincide with the 30 minute chart time frame.

Last but not least ( for today only of course as I am sure there are MUCH more than the short few pointers I am sharing….) try utilizing different type of charts and do your homework in regards to which breakouts seem to work better than others. Look at RANGE BAR charts, explore VOLUME charts, maybe even take a look at Renko bars and other types as well.

30 MINUTES chart of ES below with 4 different pointers to look at, marked A through D. CLICK for lar ger IMAGE. ALWAYS much easier to look back in hindsight and explain what happened….I wish it was that easier when trading live….Click on the chart so you are able to read the pointers along with some insight for educational purposes.

To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

4-22-2021

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Economic Reports, source:

www.BetterTrader.co

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Trading the 30 Year Bonds In Place of the NQ? 30 Year Bond Chart for Review & Support and Resistance Levels 4.21.2021

Posted on April 20, 2021April 21, 2021 by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!

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Dear Traders,

Like us on FaceBook!

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Spoke with a client today I have not spoken with in a while and was happy to hear from him that his own day trading improved once he SWITCHED over from NQ to ZB ( mini NASDAQ to T bonds).

Why am I happy you may ask?

Always good to hear your clients trading is improving
I am in believe that different markets are better for different traders and that it is worth while to explore other markets for trading. I personally like to mix and match 3-5 markets . Sometimes even moving from NQ to MNQ can help.
When it comes to short term trading my favorites ( personally) are: ES/MES, MNQ ( I feel NQ can be too much at these price levels and you probably need $30k to day trade 1 NQ ), CL, GC, ZB, ZS

Here is something I wrote on bonds a while back and worth sharing:

Each market has a different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP) is not giving you enough OR too much risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.

I think that there are more than a few markets that are suitable for day-trading. Below you will find some observations, tips along with what are unique about these markets, personality and most active trading hours (interest rates, mostly the ten year and 30 year).

In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes.

Product Symbol

Contract Size

The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof

Price Quotation

Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.

Product Symbol

Underlying Unit

One U.S. Treasury note having a face value at maturity of $100,000.

Deliverable Grades

U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.

Price Quote

Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.

Tick Size

(minimum fluctuation)

One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).

Contract Months

The first five consecutive contracts in the March, June, September, and December quarterly cycle.

These contracts are often affected by many of the economic reports that come out at 8:30 AM Eastern and there is very active volume between the hours of 8 AM EST and 3 PM EST

Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.

These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.

30 MINUTES chart of ZB ( t-bond futures) for your review below

To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, pink squares = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.