Adding Future Options to Your Trading & Support & Resistance Levels 4.03.2019

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Trading 102: Weekly Options as Trading Weapon
by John Thorpe, Senior Broker
There are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.
There are two main uses for the Weekly options
  1. As a hedge, no need for stops
  2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.
Briefly, the definition of an option contract from the National Futures Association is: An investment vehicle which gives the option buyer the right—but not the obligation—to buy or sell a particular futures contract at a stated price at the specified expiration date. There are two separate and distinct types of options: calls and puts. These weekly options are European Style, Exercisable to the nearest futures contract at 3pm Central time on Friday. If in the money by any amount, the exercise is automatic.
Weekly ES options have……* Update: Mini SP now has Monday, Wednesday and Friday ( weekly options) Expiration!
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is our policy that all LONG positions be exited the day prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact us.
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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.

 

Futures Trading Levels

04-03-2019

 

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Economic Reports, source: 

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.

First & Last Trading Day & Support and Resistance Levels 4.02.2019

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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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Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is our policy that all LONG positions be exited the day prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact us.
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bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

04-02-2019

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Economic Reports, source: 

www.EconoDay.com

 

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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 Video Trading Tips & Support & Resistance Levels 3.29.2019

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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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Video Trading Tips
Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels and using stops for entries
Watch the latest trading videos we have posted and shared with our clients!
In this week’s newsletter we are sharing two videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4.entering trades on a stop as price confirmation.
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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.

 

Futures Trading Levels

03-29-2019

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Economic Reports, source: 

https://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.

Grain Reports & Support and Resistance Levels 3.28.2019

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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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Monthly Market Movers Video
The March 29 report highlights grain volatility and potential challenges for the 2019 U.S. growing season. U.S. farmers are waiting on weather and trade policy outcomes.
Watch Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company discuss this month’s outlook
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bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-28-2019

 

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Economic Reports, source: 

https://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.

Tools & Indicators for Futures Trading & Support and Resistance Levels 3.26.2019

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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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Trading Education Video
Watch a short video, where our VP, Ilan Levy-Mayer shares some of the the tools he personally likes to use. This week’s video discusses different ways to enter trades, specifically the concept of price confirmation and entering trades on a STOP.
28e791a3 873e 4a60 81eb 77e021d80443
bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-27-2019

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Economic Reports, source: 

https://bettertrader.co/

 

10a39c0f 2227 4b64 a576 d525efe12ffd

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.

Elliott Wave Int’l OPEN HOUSE & Support and Resistance Levels 3.26.2019

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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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Elliott Wave Int’l OPEN HOUSE
Our friends at Elliott Wave International have opened the doors to their entire lineup of trader-focused Pro Services — but only for a week!
It’s your (free) ticket that’s worth $$$. (No credit card required, no catch.)
Now through 4pm Eastern (New York) time on Friday, March 29, see every forecast, every chart, every piece of expert analysis for 50+ markets — stocks, forex, cryptos, gold, oil and more.
INSTANT BONUS: Join in now and watch Intro to the Wave Principle Applied. This video teaches you the best Elliott waves to trade, how to set your entry, targets and protective stops.
Don’t miss this! This is EWI’s most popular event of the year for a reason.
And the timing couldn’t be better.
Open House is your chance to join them — free for a week.
Who is Elliott Wave International?
EWI is the world’s largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.
This email is a commercial and advertising message related to domestic and global financial markets and investment instruments including bonds, commodities, ETFs, Indexes, Forex, equities and penny stocks, as well as products or services related to trading or investing in the financial markets that may be of interest to you.
Cannon Trading Co, Inc. has not researched any of the product/services or offerings presented in this email, and makes no warranties, representations or claims of any kind, express or implied, with respect to the accuracy, results, merchantability, timeliness, correctness, completeness, fitness and suitability of the information contained in this email for any specific or particular purpose.
Cannon Trading Co, Inc. shall not be liable to you or anyone else arising from the opening or use of this email or its attachments, for the content of this email, or for the consequences of any action taken by you or anyone else on the basis of the information provided. All materials and information in this email are provided solely for informational purposes and do not constitute trading advice, investment advice, legal advice or opinion, or any other form of advice regarding any specific facts or circumstances pertaining to the materials and information.
Last Trading
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bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-26-2019

 

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Economic Reports, source: 

https://bettertrader.co/

 

69c339d6 2ca4 4855 a8b8 e65e9a63e522

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.

Elliott Wave: Fed Follows Market Yet Again & Support and Resistance Levels 3.22.2019

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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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fed032119
Elliott Wave: Fed Follows Market Yet Again
By Steve Hochberg and Pete Kendall
Back in December, we wrote an article titled “Interest Rates Win Again as Fed Follows Market.”
In the piece, we noted that while most experts believe that central banks set interest rates, it’s actually the other way around—the market leads, and the Fed follows.
We pointed out that the December rate hike followed increases in the six-month and three-month U.S. Treasury bill yields set by the market.
What happened with this week’s Fed announcement? Well, you guessed it—the Fed simply followed the market yet again.
The chart above is an updated version of the one we showed in our last article. The red line is the U.S. Federal Funds rate, the yellow line is the rate on the 3-month U.S. T-bill and the green line is the rate on the 6-month U.S. T-bill. The latter two rates are freely-traded in the auction arena, while the former rate is set by the Fed.
Now observe the grey ellipses. Throughout 2017-2018, the rates on 3-and-6-month U.S. T-bills were rising steadily, pushing above the Fed Fund’s rate. During the period shown on the graph, the Fed raised its interest rate six times, each time to keep up with the rising T-bill rates. The interest-rate market is the dog wagging the central-bank tail.
Now note what T-bill rates have been doing since November of last year; they’ve stopped rising. Rates have moved net-sideways, which was the market’s way of signaling that the Fed would not raise the Fed Funds rate this week.
Too many investors and pundits obsess over whether the Fed will raise or lower the Fed Funds rate and what it all supposedly means. First, if you want to know what the Fed will or will not do, simply look at T-bills, as shown on the chart. Second, whatever their action, it doesn’t matter because the Fed’s interest-rate policy cannot force people to borrow.
652ff33e bff3 459a a162 afd84914807c
bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-22-2019

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Economic Reports, source: 

https://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.

Which Futures Market is Right for You? & Support and Resistance Levels 3.21.2019

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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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. Which Market is Right for you?
by: Ilan Levy-Mayer VP Cannon Trading
So you got a taste of the markets and trading and now you are getting more involved, excited and looking to progress. Many questions ahead for you as a trader and as time progresses you will evolve and find out if trading is suitable for you and if so what type of trading, what type of risk capital and other questions that will come up. Many of these will appear as you progress and your knowledge increase. Some of these questions need to be answered before you start trading.
1. How much risk capital do I have?
2. What markets do I want to trade?
3. What style of trading do I want to employ?
The answer to question 1 will vary for each trader based on their financial situation but the bottom line is, make sure you trade with money you can afford to lose.
The answer to question 2 has a few levels: First is what asset class are you looking to trade? Stocks/ equities? perhaps FOREX or maybe futures? Since my area of expertise is futures, commodities and future options I would like to expand on this asset class.
The answer to question 3 deserves a post of it’s own….BUT you can read the full article here.
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bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-21-2019

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Economic Reports, source: 

https://bettertrader.co/

fd9ee778 ca4e 43df a692 52c35edefc46

 

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.

FOMC Tomorrow & Futures Trading Levels 3.19.2019

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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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FOMC tomorrow and the markets are expecting NO CHANGE in rates tomorrow, however, traders will play close attention in an attempt to predict future hikes in 2019.
As of now markets see very slim chance for additional hikes before June 2019.
The following are suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2625.00 with a stop at 2619.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2619.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
Last Trading
652ff33e bff3 459a a162 afd84914807c
bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-20-2019

 

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Economic Reports, source: 

https://bettertrader.co/

8f2c4389 cd6b 41c8 96c1 aa85c1ff0be8

 

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.

Video on How to Apply Support and Resistance Levels 3.19.2019

____________________________________________________________________

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!
Trading Education Video
Watch a short video, where our VP, Ilan Levy-Mayer shares some of the the tools he personally likes to use. This week’s video discusses different ways to use support and resistance levels, like the ones we share here daily as well as other SR levels available for our clients.
652ff33e bff3 459a a162 afd84914807c
bdf6db09 7692 48a4 8450 9a8d7d5f2d31

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.

 

Futures Trading Levels

03-19-2019

fe149cb2 8808 4653 bdf1 eca0dcd6178b

 


Economic Reports, source: 

https://bettertrader.co/

21533925 48c9 40a3 b478 e35c9c3a9454

 

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.