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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.

First Notice and Last Trading Days for August 8.01.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

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 Day and ALL positions be exited the day prior to Last Trading Day.  If you have any questions please contact the Trade Desk @ 800-454-9572 or + 1 310 859 9572.  If contracts are carried past that, there may be a liquidation fee, delivery fees and other penalties.
First Notice
Contract Month
Contract
6-Aug
August
Live Cattle
20-Aug
September
ICE Cocoa
23-Aug
September
ICE Coffee
28-Aug
September
London Coffee
30-Aug
September
2-Yr. & 5-Yr. Notes
30-Aug
September
10-Yr. Notes & 30-Yr. Bonds
30-Aug
September
Long Gilt (Liffe)
31-Aug
September
COMEX & ICE Metals
31-Aug
September
Wheat (CBOT, KC, MN)
31-Aug
September
CBOT Corn & Oats
31-Aug
September
CBOT Soybeans
31-Aug
September
CBOT Soybean Meal & Oil
31-Aug
September
CBOT Rice
Last Trading Day
Contract Month
Contract
13-Aug-18
August
CME Eurodollar
14-Aug-18
August
Lean Hogs
14-Aug-18
August
CBOT Soybeans
14-Aug-18
August
CBOT Soybean Meal & Oil
21-Aug-18
September
NYMEX Crude Oil
28-Aug-18
August
Milk III & Butter
29-Aug-18
August
COMEX & ICE Metals
29-Aug-18
September
NYMEX Natural Gas
30-Aug-18
August
Feeder Cattle
31-Aug-18
August
30-Day Fed Funds
31-Aug-18
September
NYMEX RBOB & Heating Oil
31-Aug-18
October
ICE Brent Crude Oil
31-Aug-18
August
Live Cattle

 

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

08-01-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2852.33 7391.08 25690 1712.83 8576.68
Resistance 2 2838.67 7337.67 25576 1696.27 8381.76
Resistance 1 2830.08 7296.08 25499 1686.43 8053.14
Pivot 2816.42 7242.67 25385 1669.87 7858.22
Support 1 2807.83 7201.08 25308 1660.03 7529.60
Support 2 2794.17 7147.67 25194 1643.47 7334.68
Support 3 2785.58 7106.08 25117 1633.63 7006.06
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1255.3 15.93 71.55 144  2/32 1.1833
Resistance 2 1246.5 15.78 70.89 143 25/32 1.1812
Resistance 1 1240.1 15.67 69.81 143 13/32 1.1773
Pivot 1231.3 15.53 69.15 143  4/32 1.1751
Support 1 1224.9 15.42 68.07 142 24/32 1.1712
Support 2 1216.1 15.27 67.41 142 15/32 1.1691
Support 3 1209.7 15.16 66.33 142  3/32 1.1652
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 395.2 584.8 945.08 355.87 2.88
Resistance 2 391.8 574.9 933.67 349.53 2.85
Resistance 1 389.2 564.3 926.33 345.47 2.82
Pivot 385.8 554.4 914.92 339.13 2.79
Support 1 383.2 543.8 907.6 335.1 2.8
Support 2 379.8 533.9 896.17 328.73 2.74
Support 3 377.2 523.3 888.83 324.67 2.70

Economic Reports, source: 

www.forexfactory.com 

 

Date 4:26pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 1 2:00am GBP
Nationwide HPI m/m
 0.1% 0.5%
3:15am EUR
Spanish Manufacturing PMI
 53.1 53.4
3:45am EUR
Italian Manufacturing PMI
 53.0 53.3
3:50am EUR
French Final Manufacturing PMI
 53.1 53.1
3:55am EUR
German Final Manufacturing PMI
 57.3 57.3
4:00am EUR
Final Manufacturing PMI
 55.1 55.1
4:30am GBP
Manufacturing PMI
 54.2 54.4
Tentative EUR
German 10-y Bond Auction
 0.36|1.6
8:15am USD
ADP Non-Farm Employment Change
 186K 177K
9:45am USD
Final Manufacturing PMI
 55.5 55.5
10:00am USD
ISM Manufacturing PMI
 59.4 60.2
USD
Construction Spending m/m
 0.3% 0.4%
USD
ISM Manufacturing Prices
 75.5 76.8
10:30am USD
Crude Oil Inventories
 -2.6M -6.1M
All Day USD
Total Vehicle Sales
 17.1M 17.5M
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
 <2.00% <2.00%

 

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.

Using Range Bars for Day Trading – Support & Resistance Levels 7.27.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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I have mentioned before that I like range bar charts and volume charts better than time charts for day trading.
The main reason is that when you are using time charts, lets say 3 minute bars, you have to wait for the bar to close in order to confirm your signals. In today’s market environment there are times when 3 minutes can translate for big $$ against you or in your favor…
( like today right at the cash close 3 PM CDT, Amazon Earnings came out and sent the NQ futures up and down almost 70 points in minutes!!)
Range bar charts and volume charts will complete FAST when the market is moving and will take much longer to build when the market is dead ( hence helps filter out some of the noise in my opinion).
I shared more on this topic in a video that while it focuses on crude oil as an example, the concept can be used for many other markets.
Check out the video at ( it is the 3rd video on the list):

 

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

07-27-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2861.33 7554.00 25776 1729.70 8489.44
Resistance 2 2853.92 7502.00 25672 1718.70 8400.33
Resistance 1 2848.08 7466.00 25600 1709.50 8334.09
Pivot 2840.67 7414.00 25496 1698.50 8244.98
Support 1 2834.83 7378.00 25424 1689.30 8178.74
Support 2 2827.42 7326.00 25320 1678.30 8089.63
Support 3 2821.58 7290.00 25248 1669.10 8023.39
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1244.8 15.92 71.07 143 19/32 1.1862
Resistance 2 1240.1 15.81 70.50 143 14/32 1.1825
Resistance 1 1231.2 15.62 70.07 143  1/32 1.1757
Pivot 1226.5 15.51 69.50 142 28/32 1.1720
Support 1 1217.6 15.32 69.07 142 15/32 1.1652
Support 2 1212.9 15.21 68.50 142 10/32 1.1615
Support 3 1204.0 15.02 68.07 141 29/32 1.1547
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 384.0 571.3 910.67 342.00 2.80
Resistance 2 381.8 562.5 903.33 339.30 2.79
Resistance 1 378.8 549.5 889.67 335.50 2.77
Pivot 376.5 540.8 882.33 332.80 2.76
Support 1 373.5 527.8 868.7 329.0 2.7
Support 2 371.3 519.0 861.33 326.30 2.73
Support 3 368.3 506.0 847.67 322.50 2.71

Economic Reports, source: 

http://app.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.

Support & Resistance Levels 7.26.2018

Posted on by Ilan

____________________________________________________________________

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!
Take a look at the mini NASDAQ chart…wow….Also below the chart, if you are NOT yet a Cannon client, see if you can improve your rates.
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If you are a not a Cannon client yet, we can lower your commission rates in less than 7 minutes.
Want to learn more and see if you qualify, please talk to one our Cannon Trading brokers. Call us now at (800) 454-9572.
Competitive Pricing with a Premium Service

Before contacting the discount futures brokers and opening an account, ask yourself the following: “What am I getting myself into?” Am I about to “get what I paid for?” Does your broker call you before taking you out of a position at the market close, or do they just go ahead and pull the trigger? Will they take the time to walk you through simple/complex brackets, trailing stops, iceberg orders, or GTC’s? Will they help you set up your charts and indicators? After all, you deserve GOOD SERVICE!

Cannon has multiple arrangements with different clearing firms, allowing us to “shop on your behalf” when it comes to high volume/large traders/ institutional accounts/ high frequency traders.

We can provide you with some of the LOWEST rates in the industry. Call us at +310-859-9572 or simply fill out this form.

 

 

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

07-26-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2893.00 7677.17 25881 1711.50 8807.91
Resistance 2 2871.25 7603.58 25655 1701.20 8642.12
Resistance 1 2857.50 7544.17 25539 1695.40 8391.19
Pivot 2835.75 7470.58 25313 1685.10 8225.40
Support 1 2822.00 7411.17 25197 1679.30 7974.47
Support 2 2800.25 7337.58 24971 1669.00 7808.68
Support 3 2786.50 7278.17 24855 1663.20 7557.75
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1247.6 15.89 71.43 143 16/32 1.1883
Resistance 2 1240.9 15.77 70.57 143 18/32 1.1834
Resistance 1 1236.5 15.71 69.93 143  4/32 1.1807
Pivot 1229.8 15.59 69.07 143  6/32 1.1758
Support 1 1225.4 15.52 68.43 142 24/32 1.1731
Support 2 1218.7 15.40 67.57 142 26/32 1.1682
Support 3 1214.3 15.34 66.93 142 12/32 1.1655
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 380.5 573.6 887.17 334.40 2.81
Resistance 2 377.3 559.4 882.58 331.90 2.79
Resistance 1 375.3 551.1 879.17 330.20 2.77
Pivot 372.0 536.9 874.58 327.70 2.75
Support 1 370.0 528.6 871.2 326.0 2.7
Support 2 366.8 514.4 866.58 323.50 2.71
Support 3 364.8 506.1 863.17 321.80 2.69

Economic Reports, source: 

http://app.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 Triangles & Support & Resistance Levels 7.25.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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Trading Triangles – An educational trading video by Joseph Easton, Cannon Senior Broker for your viewing at:

 

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

07-25-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2852.08 7576.58 25559 1739.47 9154.93
Resistance 2 2841.67 7533.17 25413 1725.63 8754.81
Resistance 1 2831.08 7473.58 25313 1703.77 8492.49
Pivot 2820.67 7430.17 25167 1689.93 8092.37
Support 1 2810.08 7370.58 25067 1668.07 7830.05
Support 2 2799.67 7327.17 24921 1654.23 7429.93
Support 3 2789.08 7267.58 24821 1632.37 7167.61
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1242.2 15.94 70.67 143 31/32 1.1827
Resistance 2 1235.9 15.78 69.86 143 19/32 1.1795
Resistance 1 1230.6 15.65 69.18 143 12/32 1.1764
Pivot 1224.3 15.49 68.37 143 1.1732
Support 1 1219.0 15.36 67.69 142 25/32 1.1701
Support 2 1212.7 15.20 66.88 142 13/32 1.1669
Support 3 1207.4 15.07 66.20 142  6/32 1.1638
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 374.5 526.9 902.83 333.23 2.79
Resistance 2 372.5 521.6 890.42 330.57 2.77
Resistance 1 369.3 515.9 881.83 328.63 2.75
Pivot 367.3 510.6 869.42 325.97 2.73
Support 1 364.0 504.9 860.8 324.0 2.7
Support 2 362.0 499.6 848.42 321.37 2.70
Support 3 358.8 493.9 839.83 319.43 2.69

Economic Reports, source: 

http://app.bettertrader.co 

 

64f9189b 7051 4941 91bc 3331162a6326

 

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.

Earnings are out & Support & Resistance Levels 7.24.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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This could be a VOLATILE week in stock index futures, with some moves taking place after the CASH close when earnings usually come out.
About a third of the S&P 500 companies will report quarterly results, including three FANG stocks – Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google parent Alphabet (GOOG, GOOGL)- as well as oil majors Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). So far, 87% of corporations that have reported earnings have exceeded Wall Street estimates, with FactSet now forecasting Q2 profits will be up 20.8% from a year earlier.

 

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

07-24-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2838.83 7592.58 25229 1722.63 8456.79
Resistance 2 2825.67 7512.67 25159 1714.17 8126.84
Resistance 1 2818.83 7471.33 25093 1708.83 7934.30
Pivot 2805.67 7391.42 25023 1700.37 7604.35
Support 1 2798.83 7350.08 24957 1695.03 7411.81
Support 2 2785.67 7270.17 24887 1686.57 7081.86
Support 3 2778.83 7228.83 24821 1681.23 6889.32
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1245.5 15.77 70.58 145 16/32 1.1856
Resistance 2 1240.4 15.68 69.94 144 30/32 1.1828
Resistance 1 1232.5 15.54 68.87 143 29/32 1.1786
Pivot 1227.4 15.45 68.23 143 11/32 1.1759
Support 1 1219.5 15.31 67.16 142 10/32 1.1717
Support 2 1214.4 15.22 66.52 141 24/32 1.1689
Support 3 1206.5 15.08 65.45 140 23/32 1.1647
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 375.9 529.3 874.67 331.80 2.76
Resistance 2 374.1 525.9 872.08 330.00 2.75
Resistance 1 372.7 519.8 867.42 327.70 2.74
Pivot 370.8 516.4 864.83 325.90 2.72
Support 1 369.4 510.3 860.2 323.6 2.7
Support 2 367.6 506.9 857.58 321.80 2.70
Support 3 366.2 500.8 852.92 319.50 2.68

Economic Reports, source: 

http://app.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.

Technical Analysis Videos & Support & Resistance Levels 7.20.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
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Trading 102: Educational Trading Videos

by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week’s newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
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

07-20-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2833.00 7459.17 25342 1733.20 7776.97
Resistance 2 2825.50 7437.58 25276 1720.20 7643.94
Resistance 1 2815.25 7397.92 25167 1713.00 7549.82
Pivot 2807.75 7376.33 25101 1700.00 7416.79
Support 1 2797.50 7336.67 24992 1692.80 7322.67
Support 2 2790.00 7315.08 24926 1679.80 7189.64
Support 3 2779.75 7275.42 24817 1672.60 7095.52
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1249.9 15.95 71.14 146 29/32 1.1839
Resistance 2 1239.7 15.77 69.96 146  8/32 1.1784
Resistance 1 1231.0 15.55 68.97 145 25/32 1.1734
Pivot 1220.8 15.37 67.79 145  4/32 1.1678
Support 1 1212.1 15.14 66.80 144 21/32 1.1628
Support 2 1201.9 14.96 65.62 144 1.1573
Support 3 1193.2 14.74 64.63 143 17/32 1.1523
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 373.3 519.1 875.50 332.20 2.87
Resistance 2 369.7 512.4 869.00 329.90 2.82
Resistance 1 367.3 508.3 865.25 328.00 2.80
Pivot 363.7 501.7 858.75 325.70 2.75
Support 1 361.3 497.6 855.0 323.8 2.7
Support 2 357.7 490.9 848.50 321.50 2.68
Support 3 355.3 486.8 844.75 319.60 2.65

Economic Reports, source: 

http://app.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.

Short insight to trading psychology & Support & Resistance Levels 7.18.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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How I like to day-(trade) by Ilan Levy-Mayer, VP
Often I get asked the question above: How do you trade (day trade)?
The answer includes a few different way as i either assist clients with their trading, trade on behalf of clients or design some automated trading systems to do the trading on my behalf.
First and most important to understand is that we are brokers first and traders second. Our job is to assist our clients, if it is a simple customer service topic with online traders or advice and execution to broker assisted and full service futures traders, we will stay focused on your needs.
I don’t have the desire to actively day-trade or be glued to the screen as I feel it will hinder my job as a broker.
With that in mind I personally use the following strategies/ methods in which I mostly assist clients with and for some execute trades on their behalf:
1. End of day swing trading
2. Weekly analysis for options trades
3. “Structured intraday set ups” that are easy to monitor and implement during the day
4. Automated trading.
1. End of day swing trading: This is done via analysis of the markets at the end of the day and using the daily chart as my main source of technical analysis. I use studies and indicators I have created over the years along with support and resistance levels. I scan a list of about 20 different futures markets and I look for certain conditions that are one of two, either a signal that market is extremely overbought/oversold with good potential to reverse OR conditions that try to predict a short to medium term trend is developing. I will then look for what I call “price confirmation” and will normally try to enter with a STOP order once a certain level is broken. Once in a trade I have initial stop and initial target that I place as GTC orders.
I will then do my best to ONLY update these orders on end of day basis.
2. Weekly options trades: I like to run a scan of 20 liquid markets and look for certain signals that suggest the market is in a trend based on the WEEKLY chart. Based on that I will recommend either options spreads to sell/ write and collect premium OR at certain times, I may recommend buying options or options spreads.
The thought behind SELLING option spreads/premium is that as long as the market does 3 of 4 scenarios, i should be able to collect and keep most of the premium. Example: If my ALGO says gold is in a downtrend on the weekly chart and I choose ( with client) to sell vertical call spread, the trade should succeed as long as gold did one of the following: confirmed signal and continued lower, traded range bound, went higher but not in a strong magnitude. As long as gold in this hypothetical example did NOT make a sharp violent move up, i would keep the premium collected as the options will expire worthless. Of course there is more to that and time value, specific strikes, values of the options GREEKS and more come into play but this is why you have access to a professional series 3 broker, so you can discuss and ask the right questions.
3. “Structured intraday set ups” For this I like to use the Edge Newsletter by ExitPoints.com. More on that as well as a free trial here.
 4. Automated trading: We have access to quite a few trading systems created by different professionals from around the world including a few I created myself. You as a client or potential client can browse quite a few of these systems and select your criteria: day trading versus swing trading, certain markets you prefer, required capital criteria and much more! you can then browse results and see which results are backtested, which are forward tested and which ones are LIVE trading results. You can start browsing right this second…..
The above is just a brief summary of some of the methods/concepts my colleagues and I like to use. Each broker has their own preferred methods. Some will lean towards seasonal spreads, other towards longer term trend following and more.
Feel free to reach out and fill out your trader’s profile 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.

Futures Trading Levels

07-18-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2832.42 7489.42 25341 1714.07 7843.89
Resistance 2 2825.33 7463.58 25269 1704.63 7713.03
Resistance 1 2820.92 7433.17 25225 1698.97 7539.68
Pivot 2813.83 7407.33 25153 1689.53 7408.82
Support 1 2809.42 7376.92 25109 1683.87 7235.47
Support 2 2802.33 7351.08 25037 1674.43 7104.61
Support 3 2797.92 7320.67 24993 1668.77 6931.26
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1239.1 15.87 70.01 145 24/32 1.1786
Resistance 2 1234.1 15.75 68.95 145 17/32 1.1752
Resistance 1 1230.9 15.66 68.40 145  4/32 1.1722
Pivot 1225.9 15.53 67.34 144 29/32 1.1688
Support 1 1222.7 15.44 66.79 144 16/32 1.1658
Support 2 1217.7 15.32 65.73 144  9/32 1.1624
Support 3 1214.5 15.23 65.18 143 28/32 1.1594
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 365.9 509.3 874.50 333.93 2.78
Resistance 2 364.3 506.2 868.25 331.87 2.77
Resistance 1 362.7 500.3 863.00 328.73 2.75
Pivot 361.1 497.2 856.75 326.67 2.74
Support 1 359.4 491.3 851.5 323.5 2.7
Support 2 357.8 488.2 845.25 321.47 2.70
Support 3 356.2 482.3 840.00 318.33 2.68

Economic Reports, source: 

http://app.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.

Selling Commodity Options & Support Resistance Levels 7.18.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
The following is an excellent short read from From our friend Don A. Singletary at  https://www.timefarming.com/

Selling Commodity Options: The Disposition Effect & Trading Psychology

In selling commodity options* or any other type of trading, the disposition effect is the tendency for an investor to take profits too quickly while holding on longer to losing trades.  And holding the losers too long is just another way of saying the trader reverts to hope as a strategy.  This disposition effect is like a trader volunteering for a slow and painful disappearance of funds.  Behavioral studies suggest that the two most influential factors in making trading decisions are genetics and experiences. Oddly, some of the things that are good in life can work against us when trading.
As children, most of us are taught and even encouraged to be hopeful, optimistic, and not to dwell too long on the negative.  Unfortunately, this training can be fatal if adapted into your investment strategy.  Persistence is not a binary trait for humans that we turn either “on” or “off.”  Almost every trader has had the experience of projecting their own hope and persistence on to a losing position.  Our persistence is one end of a sliding scale with something very similar to stupidity at the other end of the spectrum.  Furthermore – almost all of us are too quick to blame ourselves when a trade goes bad –  though most often the circumstances to blame are beyond our control.  To cut losses at a reasonable point often requires us to immediately suspend all hope and optimism, while at the same time having to admit our trade, in spite of our best efforts – just isn’t working. I must learn to fight only the battles I can easily win.  If you can’t learn to exit trades properly without taking it personally, you will get ping-ponged between fear and greed while you are losing your money.  This is both painful and very expensive.
Don A. Singletary is an author of financial articles and books and an educator, After a 25 years as a corporate commodity hedge consultant & corporate trainer specializing in commodity options in risk management plans, he now produces educational corporate and personal training material.
This former broadcaster, writer, and broker – now publishes a newsletter dedicated exclusively to selling commodity options.
* Selling “naked options” involves unlimited risk.
**Seasonal Disclaimer: There are usually underlying fundamental circumstances that occur annually that tend to cause the futures markets to react in a similar directional manner during a certain calendar period of the year. Even if a seasonal tendency occurs in the future, it may not result in a profitable transaction as fees and the timing of the entry and liquidation may impact on the results. No representation is being made that any account h as in the past or will in the future achieve profits utilizing these strategies. No representation is being made that that price patterns will recur in the future.

 

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

07-18-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2847.42 7618.00 25340 1711.37 8443.69
Resistance 2 2831.58 7527.00 25241 1703.33 7955.12
Resistance 1 2821.42 7474.50 25170 1696.37 7634.31
Pivot 2805.58 7383.50 25071 1688.33 7145.74
Support 1 2795.42 7331.00 25000 1681.37 6824.93
Support 2 2779.58 7240.00 24901 1673.33 6336.36
Support 3 2769.42 7187.50 24830 1666.37 6015.55
Contract August Gold #GC_F Sept. Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1259.4 16.14 70.05 145 22/32 1.1872
Resistance 2 1252.2 16.01 69.25 145 17/32 1.1835
Resistance 1 1240.2 15.81 68.64 145  9/32 1.1776
Pivot 1233.0 15.69 67.84 145  4/32 1.1738
Support 1 1221.0 15.49 67.23 144 28/32 1.1679
Support 2 1213.8 15.36 66.43 144 23/32 1.1642
Support 3 1201.8 15.16 65.82 144 15/32 1.1583
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 366.6 514.6 875.08 336.30 2.83
Resistance 2 364.4 509.4 867.42 334.00 2.81
Resistance 1 362.1 503.6 861.33 330.60 2.78
Pivot 359.9 498.4 853.67 328.30 2.75
Support 1 357.6 492.6 847.6 324.9 2.7
Support 2 355.4 487.4 839.92 322.60 2.70
Support 3 353.1 481.6 833.83 319.20 2.66

Economic Reports, source: 

http://app.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.

Trader’s Profile & Support & Resistance Levels 7.17.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
If you are reading this blog and currently NOT a client of Cannon, I encourage you to visit our Trader’s Profile page, fill out the short form and this way allow one of our series 3 professionals reach out you and share some resources we think may be of help in terms of Trading education, platforms to choose from, commissions and much more!
Why a “Trader’s Profile?”

Not all traders have the same needs. Not all platforms fit all traders. Some clients look to actively day-trade, others may need advanced spreading capabilities while others may need advanced charting or sophisticated order entry. Cannon Trading has one of the WIDEST selections of trading platforms available.
By filling out the trader profile or chatting with one of our experienced brokers we can suggest a trading engine to suit your needs.

 

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

07-17-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2822.00 7455.08 25231 1715.17 7533.47
Resistance 2 2815.50 7434.42 25161 1705.33 7122.37
Resistance 1 2808.00 7404.33 25103 1694.07 6898.14
Pivot 2801.50 7383.67 25033 1684.23 6487.04
Support 1 2794.00 7353.58 24975 1672.97 6262.81
Support 2 2787.50 7332.92 24905 1663.13 5851.71
Support 3 2780.00 7302.83 24847 1651.87 5627.48
Contract August Gold #GC_F Sept. Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1252.7 16.02 73.40 146 25/32 1.1836
Resistance 2 1249.3 15.96 72.13 146  8/32 1.1808
Resistance 1 1245.2 15.89 70.11 145 24/32 1.1786
Pivot 1241.8 15.83 68.84 145  7/32 1.1758
Support 1 1237.7 15.75 66.82 144 23/32 1.1736
Support 2 1234.3 15.69 65.55 144  6/32 1.1708
Support 3 1230.2 15.62 63.53 143 22/32 1.1686
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 363.6 507.5 876.00 341.67 2.83
Resistance 2 361.4 503.0 865.25 336.43 2.80
Resistance 1 358.3 495.8 855.50 331.97 2.78
Pivot 356.2 491.3 844.75 326.73 2.76
Support 1 353.1 484.0 835.0 322.3 2.7
Support 2 350.9 479.5 824.25 317.03 2.72
Support 3 347.8 472.3 814.50 312.57 2.70

Economic Reports, source: 

http://app.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.

Top Systems & Support & Resistance Levels 7.13.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
Check out top performing trading systems, actual results:
As always, we are here to assist and answer any questions via email, phone or chat!

 

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

07-13-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2835.50 7567.50 25234 1715.97 6571.06
Resistance 2 2818.25 7477.25 25081 1706.93 6478.52
Resistance 1 2808.25 7430.00 24987 1699.67 6326.24
Pivot 2791.00 7339.75 24834 1690.63 6233.70
Support 1 2781.00 7292.50 24740 1683.37 6081.42
Support 2 2763.75 7202.25 24587 1674.33 5988.88
Support 3 2753.75 7155.00 24493 1667.07 5836.60
Contract August Gold #GC_F Sept. Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1257.5 16.32 73.31 145 31/32 1.1797
Resistance 2 1253.1 16.17 72.27 145 23/32 1.1774
Resistance 1 1250.1 16.07 71.30 145 17/32 1.1750
Pivot 1245.7 15.93 70.26 145  9/32 1.1727
Support 1 1242.7 15.83 69.29 145  3/32 1.1704
Support 2 1238.3 15.68 68.25 144 27/32 1.1681
Support 3 1235.3 15.58 67.28 144 21/32 1.1657
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 377.9 506.5 875.08 339.27 2.86
Resistance 2 370.6 497.5 865.42 334.83 2.84
Resistance 1 364.9 491.0 857.33 331.27 2.82
Pivot 357.6 482.0 847.67 326.83 2.80
Support 1 351.9 475.5 839.6 323.3 2.8
Support 2 344.6 466.5 829.92 318.83 2.77
Support 3 338.9 460.0 821.83 315.27 2.74

Economic Reports, source: 

http://app.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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.