Top 5 mistakes traders make and 4th of July trading hours 6.29.2017

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Excellent, short article by yours truly…..

Trading Futures: 5 Big Mistakes Beginners Should Avoid Making

 Trading futures is a tough business, but if you are one of the very few that can succeed, this could be a very lucrative business as well

Ilan Levy-Mayer| June 27, 2017 |

I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..

Continue reading “Top 5 mistakes traders make and 4th of July trading hours 6.29.2017”

Independence Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges

Independence Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges 

From the CME Globex Control Center, here is the summary of KEY changes, per CME market segment –

Monday 7/03 – ONLY EARLY closes are Equities, Grains and Livestock

                    – ALL OTHERS = REGULAR close

Monday night – NORMAL OPEN times for all markets, EXCEPT grains and meats remain closed.

Tuesday 7/04 – ALL OPEN markets go into HALT at 12:00 noon

            – (except grains and meats = stay closed)

Tuesday night – NORMAL OPEN times – (except grains and meats = stay closed)

Wednesday morning – grains and meats pre-open 6:00 am, OPEN at 8:30 am Continue reading “Independence Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges”

Excellent article about the markets, back testing and more! 6.28.2017

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Excellent article for your “trading reading pleasure….”

This Time Really Is Different

Markets are constantly evolving based on our updated knowledge of the past.

By Ben Carlson

Sir John Templeton wrote “16 Rules for Investment Success” in 1993. The following is by far the most quoted passage:

Continue reading “Excellent article about the markets, back testing and more! 6.28.2017”

Trading levels for June 27th along with reports due

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Today’s video: 

Big grain report this coming Friday, June 30th.

If you need help hedging yourself with options, perhaps weekly options – please reach out to us and we will be happy to assist!

A good 4 minute video talking about the crop report and grains outlook here.

Trading Levels for June 23rd along with Reports Due 6.23.2017

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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.

Continue reading “Trading Levels for June 23rd along with Reports Due 6.23.2017”

Video with Trade Ideas for Crude Oil and T-bonds 6.22.2017

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

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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

6-22-2017
Continue reading “Video with Trade Ideas for Crude Oil and T-bonds 6.22.2017”

Walk before you Run!! – Trading Futures 6.21.2017

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Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders? Continue reading “Walk before you Run!! – Trading Futures 6.21.2017”

Futures Trading Levels & Economic Reports for June 20th

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Dear Traders,

Front month for stock indices is September.

Front month for currencies and financials is September.

Front month for crude oil and gold is August.

Gold daily chart for review below. Market has to hold support at $1234 in order for it to have a chance at a resumption of the rally:

Futures Trading Levels & Economic Reports
Futures Trading Levels & Economic Reports

Futures Trading Levels & Economic Reports for June 16th

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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Rollover Notice:

Front month for stock indices and financials is now September. Make sure you switched from trading June into trading the September  (U) contract. Please contact your broker with any questions.

As of tomorrow start trading September currencies as well!

Continue reading “Futures Trading Levels & Economic Reports for June 16th”

Start Trading September contracts! 6-15-2017

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

Rollover Notice:

Front month for stock indices and financials is now September. Make sure you switched from trading June into trading the September ( U ) contract. Please contact your broker with any questions.

The “moving market” this past few weeks ( months…) is crude oil.

Daily chart with levels to watch for below. If you like to read an article I wrote about day-trading crude oil futures, click here. Continue reading “Start Trading September contracts! 6-15-2017”