Mini Nasdaq Chart & Trading Levels 2.21.2020

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A word or two about mental stops….
I often hear from clients and prospects that they use “mental stops”…
Take a look at the mini NASDAQ intraday chart from today below and notice the type of move and speed of move that took place…..good luck placing that mental stop $3900 later or more per contract….
If your strategy calls for using stops ( I personally like to have a STOP on any of the short term trades), I highly recommend placing the stops in the system….While I myself have sinned before as well, thinking that “they” can see my stops and are going after my stops…..lets not flatter ourselves too much….UNLESS you are trading some VERY large size, no one is going after the 1 lot, 5 lot, 10 lot or even 50 lots in markets like the mini SP and US bonds ( ZB)….
Getting stopped out is part of the game and for me it is part of trading, if you are not using stops, it is just a question of when “mini black swan even will take place and wipe out your account.
Sorry if I sound a bit harsh above but take it as “tough love”….
Click on the chart to enlarge
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Good Trading

Trading Futures, Options on Futures, NASDAQ 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

02-21-2020

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Futures Trading


Economic Reports, source: 

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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.

Sugar Futures Chart & Trading Levels 2.20.2020

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

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Dear Traders,

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Heads up – Both Natural gas and Crude oil numbers are out tomorrow. Natural gas at 9:30 AM CDT and Crude Oil at 10:00 AM CDT.
Front month for Crude Oil is now April – J
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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

02-20-2020

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Futures Trading


Economic Reports, source: 

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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.

Futures Trading Levels 2.19.2020

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

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Dear Traders,

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Our brokers here at Cannon will be happy to chat about the markets, futures, options, futures spreads and much more! Feel free to contact us at any time.

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

02-19-2020

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Futures Trading


Economic Reports, source: 

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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.

Futures Trading Levels 2.14.2020

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

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Dear Traders,

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Get Real Time updates and market alerts on Twitter!
Our brokers here at Cannon will be happy to chat about the markets, futures, options, futures spreads and much more! Feel free to contact us at any time.

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

02-14-2020

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Futures Trading


Economic Reports, source: 

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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.

Crude Chart and Possible Direction & Trading Levels 2.13.2020

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

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Dear Traders,

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Crude Chart and possible direction below for your review.
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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

02-13-2020

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Futures Trading


Economic Reports, source: 

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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.

Presidents Day Holiday Schedule for CME / Globex and ICE Exchange

Presidents Day 2020 Holiday Schedule for CME / Globex and ICE ExchangePresidents Day

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex®  Presidents Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Presidents Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Volatility in the NQ & MNQ & Trading Levels 2.12.2020

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

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Dear Traders,

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What is the one thing that you can do to improve your trading and costs you NOTHING?
KEEP A DAILY TRADING JOURNAL.
Really you might say? yes, really I will answer. Most prop firms that fund traders, requires their traders and trainees to keep a daily journal. It goes over each trade, the emotions, what news came out and many other tidbits that go into trading.
Trading is far from easy and keeping a journal takes extra time and work, especially after a bad trading day but there are numerous benefits to keeping a trading journal.
Try it for a few weeks and make it a habit.k it can help MOST traders out there.
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Recent volatility, especially in the NQ futures is something else….makes a great case for the MICRO NQ or the MNQ being 1/10th of the size.
High to low today in the NQ was about $3000 per contract….its a bit more manageable when the MNQ is $300 per contract difference between high to low….
Position size is a BIG element of trading and the MICROS do help with that quite a bit especially for the ES and NQ ( MES and MNQ)

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

02-12-2020

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Futures Trading


Economic Reports, source: 

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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.

Webinar tomorrow on 7 trading set ups for your review + Trading Levels for 02.11.2020

________________________________________________

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

_________________________________________________

Dear Traders,

Recent volatility, especially in the NQ futures is something else….makes a great case for the MICRO NQ or the MNQ being 1/10th of the size.
High to low today in the NQ was about $3000 per contract….its a bit more manageable when the MNQ is $300 per contract difference between high to low….
Position size is a BIG element of trading and the MICROS do help with that quite a bit especially for the ES and NQ ( MES and MNQ)
7 Most Effective Trading Setups
In this session, we’ll take a look at what makes a good trading setup, then we’ll look at Peter’s top 7 trading setups.
For each trading setup, we’ll consider the following
– What the setup is
– Which market conditions it works best in
– Why the setup works
– Who is on the wrong and right side of the trade if it works out
– How to identify it’s working out
– How to identify if it’s not working out
– Typical Risk:Reward
Risk: 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
After registering, you will receive a confirmation email containing information about joining the webinar.
Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
logo
stars
7 Most Effective Trading Setups
In this session, we’ll take a look at what makes a good trading setup, then we’ll look at Peter’s top 7 trading setups.
For each trading setup, we’ll consider the following
– What the setup is
– Which market conditions it works best in
– Why the setup works
– Who is on the wrong and right side of the trade if it works out
– How to identify it’s working out
– How to identify if it’s not working out
– Typical Risk:Reward
What you will see is that although the setups are different, there’s lots of things in common with them. Instead of learning 7 different skills, we are taking a few skills and applying them in different scenarios.
With these 7 setups, you would certainly expect to find multiple trades per day on most market, but patience is still key because we want to get in when conditions are just right.
For those looking for new setups or those looking to improve the way they confirm/manage their existing setups – this webinar is for you.
Risk: 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
After registering, you will receive a confirmation email containing information about joining the webinar.

Futures Trading Levels

02-11-2020

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Futures Trading


Economic Reports, source: 

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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.

NFP non farm payroll tomorrow+ Trading Levels for 02.07.2020

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

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Dear Traders,

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NFP tomorrow.
NFP = Non Farm Payroll or also referred to as monthly unemployment numbers.
Comes out 5:30 AM pacific or 8:30 AM EST
Definitely a market mover and indices, bonds, energies, metals, currencies are all affected by the report.
be aware and let us know if we can help!
logo
stars
7 Most Effective Trading Setups
In this session, we’ll take a look at what makes a good trading setup, then we’ll look at Peter’s top 7 trading setups.
For each trading setup, we’ll consider the following
– What the setup is
– Which market conditions it works best in
– Why the setup works
– Who is on the wrong and right side of the trade if it works out
– How to identify it’s working out
– How to identify if it’s not working out
– Typical Risk:Reward
What you will see is that although the setups are different, there’s lots of things in common with them. Instead of learning 7 different skills, we are taking a few skills and applying them in different scenarios.
With these 7 setups, you would certainly expect to find multiple trades per day on most market, but patience is still key because we want to get in when conditions are just right.
For those looking for new setups or those looking to improve the way they confirm/manage their existing setups – this webinar is for you.
Risk: 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
After registering, you will receive a confirmation email containing information about joining the webinar.

Futures Trading Levels

02-07-2020

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Futures Trading


Economic Reports, source: 

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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.

MICRO NQ might be a better choice in this volatility than NQ+ Trading Levels for 02.06.2020

________________________________________________

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

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Recent volatility, especially in the NQ futures is something else….makes a great case for the MICRO NQ or the MNQ being 1/10th of the size.
High to low today in the NQ was about $3000 per contract….its a bit more manageable when the MNQ is $300 per contract difference between high to low….
Position size is a BIG element of trading and the MICROS do help with that quite a bit especially for the ES and NQ ( MES and MNQ)
Feel free to reach out and chat about trading with your broker any time.
7 Most Effective Trading Setups
In this session, we’ll take a look at what makes a good trading setup, then we’ll look at Peter’s top 7 trading setups.
For each trading setup, we’ll consider the following
– What the setup is
– Which market conditions it works best in
– Why the setup works
– Who is on the wrong and right side of the trade if it works out
– How to identify it’s working out
– How to identify if it’s not working out
– Typical Risk:Reward
Risk: 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
After registering, you will receive a confirmation email containing information about joining the webinar.
7 Most Effective Trading Setups
In this session, we’ll take a look at what makes a good trading setup, then we’ll look at Peter’s top 7 trading setups.
For each trading setup, we’ll consider the following
– What the setup is
– Which market conditions it works best in
– Why the setup works
– Who is on the wrong and right side of the trade if it works out
– How to identify it’s working out
– How to identify if it’s not working out
– Typical Risk:Reward
What you will see is that although the setups are different, there’s lots of things in common with them. Instead of learning 7 different skills, we are taking a few skills and applying them in different scenarios.
With these 7 setups, you would certainly expect to find multiple trades per day on most market, but patience is still key because we want to get in when conditions are just right.
For those looking for new setups or those looking to improve the way they confirm/manage their existing setups – this webinar is for you.
Risk: 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
After registering, you will receive a confirmation email containing information about joining the webinar.

Futures Trading Levels

02-06-2020

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Futures Trading


Economic Reports, source: 

f49a1815 7396 4173 a38e 3d25f714db96

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.