MLK Futures Trading Schedule & Trading Levels 1.17.2019

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Heads up below regarding Martin Luther King Holiday this coming Monday. Make sure you are aware of the different trading hours.
Most markets are OPEN and will have shorter hours, grains and meats are closed until Monday night / Tuesday morning.
Feel free to call us at + 310 859 9572 with any questions.
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Futures Trading Videos:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….

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

01-17-2019

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Economic Reports, source: 

BetterTrader.co

fb33aeaf f338 4498 86c0 792ae169c67d

 

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.

Martin Luther King Day 2019 Holiday Schedule for CME / Globex and ICE Exchange

Martin Luther King Day 2019 Holiday Schedule for CME / Globex and ICE Exchange

 

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*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®  Martin Luther King Day 2019 Holiday Schedule

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

Ice Futures Martin Luther King Day 2019 Holiday Schedule

Detailed holiday hours: 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.

Mini ES Chart & Trading Levels 1.16.2019

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Earnings season is on its way, US Govt. is still shot down, markets are a bit “tired” from the crazy volatility and uncertainty seems to surround many areas of the globe…
My instinct tells me, this is just a break in the high speed volatility and it is just a matter of what will be the next trigger.
In between, a look at some levels for the mini SP 500 based on the daily chart below: 2626 and 2567 sticks out as immediate levels to watch for in my opinion.
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Futures Trading Videos:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….

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

01-16-2019

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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.

Trading Resources, Natural Gas Chart & Trading Levels 1.15.2019

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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 tip for today:
Entering trades using a STOP order.
Most retail clients I work with will enter trades either at market or using a limit order ( better price than current market price), however, there are times that depending on your trading strategy , entering the trade on a stop order might be better.
Example, you are looking for momentum and making a few ticks and you feel that the current resistance on natural gas is 3.570 and in this hypothetical example the market is trading at 3.550.
You place a buy stop order to enter the market at 3.573 because you want to see the resistance violated and you are looking for possible continuation and follow through if that happens.
If the market does not brake the resistance line in this “educational example”, you dont get in the trade. If it does, then your buy stop will trigger you long at best market price.
Some traders will take this a step further and use a buy stop/limit. example buy stop 3.573 / limit 3.575 meaning fill me if we break 3.573 but no worse than 3.575. In this case you are willing to “miss the trade” but you know what is your predefined slippage.
Feel free to reach out to your current Cannon broker or contact person if you like to expand on the topic.
In between, take a look at the price action on the daily chart of Natural Gas. Up over 15% today!! Support and resistance levels for your review in the chart below.
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Futures Trading Videos:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….

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

01-15-2019

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Economic Reports, source: 

BetterTrader.co

b28b8f48 1cd2 4366 bb8d a829613a55ab

 

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 Resources, Mini NQ Chart + Trading Levels 1.11.2019

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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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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-11-2019

ecfffa39 0e32 45d4 8ddc f4c8719a3ad9

 


Economic Reports, source: 

BetterTrader.co

c89ca1de 1648 40c9 ad2b ef1f04ba44c7

 

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.

Stops, Crude Oil Charts + Trading Levels 1.10.2019

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

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Day Trading 202: Tight Stops? Wide Stops? Which One Should I Use?
Entry signals are very important but just as important if not more is trade management.
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
This article was published on FinanceMagnates.com back a couple years ago but is definitely a timeless article.
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?
In between, take a look at the price action on the daily chart for crude oil futures. After a major, long sell off, the market has recovered a bit the last few sessions with first major resistance at 55.73
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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-10-2019

715d1ba9 101f 4fca aea5 ab0d63a09630

 


Economic Reports, source: 

BetterTrader.co

5e1817a7 1171 4f00 b82b 7bc072fbdaf6

 

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.

Dollar Index Chart & Trading Levels 1.09.2019

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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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Volatility seems to have slowed down a bit, after many consecutive days of extreme and fast moves.
I think that the markets are “energy” and the participants are humans even if it is the humans behind the ALGOS and hence the extreme volatility got the markets tired and we may see a bit of slow down in the volatility.
Markets have and will go between periods of higher volatility, lower volatility and “normal” volatility.
understand it, observe it and adjust your trading if needed accordingly.
U.S. Shutdown Update
Highlights
January 8, 2019
Today’s international trade report, like yesterday’s report on factory orders, will be delayed due to the government shutdown. Treasury’s monthly budget statement that was set for Friday will also not be released. The Labor Department is open and will post today’s JOLTS report as well as Thursday’s jobless claims and Friday’s consumer price reports. The Federal Reserve is not affected by the shutdown and will post minutes from the December FOMC on Wednesday.
In between, take a look at the price action on the daily chart for Dollar Index which in my opinion been a moving force behind many of the markets across the board.
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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-09-2019

1bcebb7c 0af7 4d75 b28a c23d4be5c2f3

 


Economic Reports, source: 

BetterTrader.co

d09827b2 59bc 4379 9dd6 04b438672d18

 

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.

Natural Gas Chart & Futures Trading Levels 1.08.2019

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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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Different market, different trading environments
Each market has 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 risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.
In between, take a look at the price action on the daily chart for Natural Gas….
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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-08-2019

394e67e2 a3fa 43ad ab04 2c93ce910845

 


Economic Reports, source: 

BetterTrader.co

f0df57ce 773c 421d 9380 e9ac980e9a2d

 

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.

Economic Reports, Weekly ES Chart & Support and Resistance Levels 1.04.2019

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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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Tomorrow is going to be one of the busiest days we have seen in months on the reports front.
Plenty of economic reports and numbers in the US and in Europe.
We have the monthly unemployment.
We have both crude oil and natural gas numbers that been pushed due to New year’s.
We have PMI.
We have Fed governors speaking…..
Scroll down to the report section of this email to make sure you are aware of all the numbers coming out and which ones may affect the markets you trade.
It should be an interesting day to say the least…..
In between, weekly chart of the SP 500 below for your review. The way I see it, the market is once again at a junction. Either we hold support at 2378 and have a short covering rally OR we break it and start making our ways towards new lows…..
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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-04-2019

baa16710 5b5f 4eae 951a fb997cc5dbd7

 


Economic Reports, source: 

BetterTrader.co

579aad43 5c37 4177 8ab0 b0aaa5f4d08a

 

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.

Gold Chart & Support & Resistance Levels 1.03.2019

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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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Make 2019 your best trading year yet!
Take a deep look in the way you been trading in the past, write down what changes you need to make and start implementing these changes right now!
Here is a good article I like to share as the we start trading in 2019
Your New Year Trading Resolution?
Trading futures is an alluring business that allows an individual a lifestyle filled with many freedoms not available to most working people. This business requires traders to posses a unique set of qualities. The most critical quality a trader needs to have is discipline. Discipline trumps knowledge. It trumps experience. In fact, without discipline very few traders survive to have enough experience to draw upon as an asset in their trading. The need for discipline is amplified by the very structure of futures trading. The leverage available in futures trading amplifies every decision that a trader makes. Every decision, Good or bad!
Everyday life requires us to constantly make decisions. Do I buy the chicken breasts at $4.95 a pound, or do I buy the hamburger at $3.95 a pound. These types of decisions are non-leveraged decisions, so the impact overall is minimal. We are not buying or selling 400,000 pounds of hamburger as we do when we trade 10 contracts of cattle, while “paying” only a fraction of its total value. In trading futures, one needs a trading plan…
In between a look at the daily gold chart below. The yellow giant woke up in response to tremendous volatility in stock indices and overall feeling of uncertainty and perhaps the weakness in Bitcoin.
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Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much more

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

01-03-2019

d53fd14d c527 45fa b455 67d45c36e548

 


Economic Reports, source: 

BetterTrader.co

494ca678 6645 4b18 a728 b0c6758fe29e

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.