Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 31st 2017

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Labor Day is just around the corner!!

Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572

Labor Day Trading Hours

Continue reading “Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 31st 2017”

Hurricane Harvey… 8.25.2017

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From my colleague John Thorpe:

Tropical Storm Harvey Watch!

Oil, products and Natural gas operations.

With a Potential Cat 3 Hurricane reaching Landfall on or about Friday night or Saturday morning according to Dr. Jeff Masters, Co-Founder of the weather underground

https://www.wunderground.com/hurricane/atlantic/2017/tropical-storm-harvey 

The EIA provides a Live interactive tracking map Related Potential Energy Disruptions

https://www.eia.gov/special/disruptions/ 

http://refineryreport.org/refineries.php  shows an interactive version of the map below

Hurricane Harvey - Tropical Storm Harvey Watch!

John D. Thorpe

Continue reading “Hurricane Harvey… 8.25.2017”

First Notice days for specific Futures contracts are coming up! 8.24.2017

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Heads up Regarding approaching first notice ( FN) and Last Trading days (LT)

Since there are so many of the September futures contracts traded across so many different commodities.

Here are dates you need to be aware of so you don’t run into delivery hassles.

Cash settled or financially settled products do not have a first notice day since there is no delivery.

For the Deliverable futures contracts, please pay attention to the following Dates for September contracts.

You must be out or rolled into the next contract before First notice day.  Unless you are a bonaFide Hedger.

Please use Monday, August 28th

through Wednesday the 30th to adjust your positions.

Continue reading “First Notice days for specific Futures contracts are coming up! 8.24.2017”

Day Trading Crude Oil Futures – What you Need to Know! 8.23.2017

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Wednesday is energy report day…..Every Wednesday ( except for weeks when we have a long weekend), we have a 10:30 Am EST report on the crude oil inventories. This report normally generates a good amount of volatility.

Crude Oil Futures volatility offers a “different market personality” than stock index futures.

If you like to read some ideas and thoughts on day trading crude oil futures, click here to instantly read an article written on this specific topic.

ROBOT Futures Trading 8.22.2017

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

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Cannon Trading Company is excited to be one of the first firms to offer connectivity to the iSystems Automated Trading System Platform.

The platform allows clients to browse 100s of automated trading systems – with the ability to view overall performance, monthly profit/loss, trade logs, and all the relevant risk/reward statistics.

Clients can then subscribe to systems they like, and activate the systems for live trading in their account – choosing how many contracts to trade; whether to get in line with the algorithm or wait until the next signal, and then monitor all of the activity in real time on the website with the ability to start and stop systems at any time they choose.

Trading systems can remove the emotions and provide consistency to your trading, while most have the profile of risking a small amount on each trade while looking to make several times that amount.

How Does It Work?  Continue reading “ROBOT Futures Trading 8.22.2017”

Futures Trading Signals 8.18.2017

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Are you looking for intraday trading signals that you can plug in on your own charts and use along with your levels and outlook?

If so, visit:

http://levex.net/trading-algo/

Continue reading “Futures Trading Signals 8.18.2017”

Going For Smaller Profits or the Big Runs? 8.17.2017

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Do I hold on for the “big winner” or take small profits?

To start with, this is a good problem…this means you are taking some winning trades. The answer is not a simple yes or no.

One must have a combination of both smaller, consistent winners. Also a few “runners” large profit trades, regardless if you are day trading, position trading or swing trading.

Some traders solve the problem by breaking their trading size into more than just 1 unit.

Entering Multiple Contracts: Philosophy

I think that entering multiple contracts does 3 good things for you…
Continue reading “Going For Smaller Profits or the Big Runs? 8.17.2017”

Knowing what you don’t know in the markets…..8-16-2017

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Knowing What You Don’t Know in Trading Markets
The headline of this educational feature may be a bit confusing, but I will explain what I mean shortly. First, I want to reiterate that trading futures, stock and FOREX markets is not an easy undertaking. It disgusts me that there are a few unsavory people in our industry that portray trading as an easy, get-rich-quick scheme, or as some endeavor for which there are “secrets” to be learned from those who hold “trading secrets.”
Folks, the plain truth is that there are no trading secrets and no easy paths to quick success in trading markets. Beware of anyone who tries to tell (or sell) you such.
One of the biggest obstacles to success in trading markets is a lack of knowledge and understanding of the process of trading. The “process of trading” includes understanding financial leverage, market behavior and trader psychology. Understanding the process of trading can be achieved with perseverance and a willingness to continue to learn.

Continue reading “Knowing what you don’t know in the markets…..8-16-2017”

Track your Trading and do what you do best….. 8.15.2017

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Back at my desk after 2 weeks vacation, hope you enjoyed the quiet of “no commentary”….
I must be honest, not much changed in the markets….Seems like GeoPolitical events or should I say noise are moving different markets up and down. The good news is that I see a bit more wider ranges and volatility which is what most day traders are looking for.
Crude, gold, bonds and Stock Indices in this order, seem to have the best intraday moves although natural Gas woke up a bit and the grains continue their summer volatility.
Like I mentioned before on this blog, know your strengths and weaknesses. Is there a specific market you trade better than others? Are there times of the day that you do better at?

Continue reading “Track your Trading and do what you do best….. 8.15.2017”