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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.

Top Trading Systems for Review + Trading Levels 3.16.2017

Posted on March 15, 2017April 27, 2017 by Ilan

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Don’t have time to trade? looking for diversification to your own trading?

TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Cannon, click here.

Cannon Trading Company, (member of the NFA, CFTC, and BBB) has been incorporated in Beverly Hills since 1988 and we take great pride in the service we provide our clients.

View Live Trading results and Rankings for Multiple Systems here

Trading systems have advantages and disadvantages in our opinion. One of the many benefits of an automated trading system is the intrinsic discipline to avoid forcing a trade to occur if it does not conform to the stated overall strategy.

That being said, the commodity futures market entails a large amount of price risk so we advocate that only risk capital be allocated to this product.

For detailed information about each system, yearly results, description of strategy, capital required and much more, please visit our trading systems center.

Continue reading “Top Trading Systems for Review + Trading Levels 3.16.2017”

FOMC Tomorrow + Trading Levels 3.15.2017

Posted on March 14, 2017March 14, 2017 by Ilan

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* Big day tomorrow.

We have FOMC, crude oil numbers, Housing numbers, CPI……..Little note about trading on FOMC below:

** The FOMC interest rate decision is due at 2:15 ET in the US tomorrow.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

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 2365.00 with a stop at 2359.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2359.75 and place a stop a few points below in this hypothetical example.
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

Continue reading “FOMC Tomorrow + Trading Levels 3.15.2017”

Unemployment Report Tomorrow Morning 3.14.2017

Posted on March 13, 2017March 14, 2017 by Ilan

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As of today you should be trading June eminis, June financials, June currencies….

You should not be trading ANY March positions.

Below is a the daily chart of the JUNE mini SP the way I view it….

Continue reading “Unemployment Report Tomorrow Morning 3.14.2017”

Unemployment Report Tomorrow Morning 3.10.2017

Posted on March 9, 2017October 16, 2017 by Ilan

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As of tomorrow you should be trading June eminis, June financials, June currencies….

You should not be trading ANY March positions as of tomorrow.

Tomorrow morning we have unemployment report ( normally the first Friday of the month but due to the 28 days February the report is coming out tomorrow).

This is a market moving report. look back at your notes.

Last but not least a very interesting tool/ information for options traders and in general:

https://www.cmegroup.com/education/monthly-options-review/february-options-review.html

Continue reading “Unemployment Report Tomorrow Morning 3.10.2017”

ECB Rate Decision + Rollover Notice Tomorrow! 3.09.2017

Posted on March 8, 2017July 19, 2017 by Ilan

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Thursday, March 9th

ECB Interest Rate Decision

07:45 EDT/12:45 GMT

Expected to leave key rates unchanged

– Maintain Main Refinancing Rate at 0.00%
– Maintains Deposit Rate at -0.40%
– Maintain Marginal Lending Rates at 0.25%

What the News Desk Says

The ECB governing council will likely keep its policy steady this week despite a steady improvement on the inflation front (being dictated primarily by energy prices). Analysts noted that the Feb Advance CPI moved above the ECB target of ‘around 2%’ for the first time in four years, thus putting pressure on the ECB to reduce its stimulus. But the continued firming seen in headline inflation readings is not apt to budge ECB message for the time being because core inflation remains stubbornly low. As 2017 progresses, the stimulus debate at the ECB may shift as the threat of deflation recedes and inflation levels begin to look sustainable across the whole euro zone region in coming months.

Analysis:
– Press conference seen to retain dovish bias on the back of political uncertainty
– ECB is likely to announce an extension of the TLTRO… more

Rollover Notice:

I personally will start trading the June mini SP this Friday but most traders will rollover tomorrow:

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March 9th, at 8:30 am CDT Time is rollover day.

Starting March 9th, the June 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2017 contract as of March 9th. Volume in the March 2017 contracts will begin to drop off until its expiration on Friday March 17th.

The month code for June is M7.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open March Currency positions by the close on Friday the 10th.

Continue reading “ECB Rate Decision + Rollover Notice Tomorrow! 3.09.2017”

Try the Newest ALGO of LEVEX Family of Studies and Conditions 3.08.2017

Posted on March 7, 2017March 14, 2017 by Ilan

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I have added one more condition/ ALGO to sierra charts ( ATcharts) under the LEVEX family of studies.

you can see it ( marked as a square) on the range bar chart of the last few days for the mini SP.

If you like to try this new indicator along with the current ones along with a free trial of sierra charts (if you are not currently using it), please email me the following:

Are you a client of Cannon Trading?
Are you currently trading futures?
Charting software you use?
If you use sierra or ATcharts, please let me know the user name so I can enable you
Markets you currently trading?

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS

Continue reading “Try the Newest ALGO of LEVEX Family of Studies and Conditions 3.08.2017”

What’s Your Futures Trading Blood Type? 3.07.2017

Posted on March 6, 2017March 9, 2017 by Ilan

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What’s Your Trading blood type?

This is a reprint of an article Ilan Levy-Mayer, VP of Cannon wrote for SFO magazine a few years back.

Valuable information which we wanted to share with you:

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different “blood types” of those traders with their correct “trading diets.” Clearly, we’re not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it’s not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader’s capital, experience, risk profile and schedule.

Read the full article, download the PDF “What’s Your Trading blood type?”

Continue reading “What’s Your Futures Trading Blood Type? 3.07.2017”

Trader’s Interview 3.03.2017

Posted on March 2, 2017March 2, 2017 by Ilan

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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

Another good read from our friend Peter Davies at JigSawtrading.com:

Ilan: Tell us a little bit about your trading background and how you got started trading.

Peter: In the mid 90’s I was a self employed IT Consultant and ended up living in Knoxville, TN, then I moved to Netherlands, then Denmark, then Japan and finally Thailand, where I ended up starting up an IT firm servicing the client I worked for in Japan. During this time, I managed to save a lot of money which was just sitting there. I ended up having my portfolio managed by a firm of financial advisors. After 3 years, they had lost 30% of the funds. Basically they got into everything that was hot the year before, a terrible strategy in hindsight. At one point, in a meeting with them, they told me they would get back the losses by leveraging my money. They said that all they needed was a 10% gain and the leverage would mean I recouped my losses. I asked them exactly how they would make that 10% gain and they said to me “Well, anyone can make a 10% gain given enough flexibility”. I politely re-determined them that if ‘anyone’ could make 10%, then they wouldn’t have lost 30%. I withdrew all my funds and figured if I was going to lose money, I might as well do it myself rather than paying them to do it for me.

I started out longer term investing but found that hit and miss and while I do still trade on mostly oversold stocks, it was day trading where I found techniques I was really comfortable with. Continue reading “Trader’s Interview 3.03.2017”

Trader’s Commodity Interview 3.01.2017

Posted on March 1, 2017March 2, 2017 by Ilan

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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

A quick interview I did with our Friends over at Trading Technologies ( Cannon offers ALL of Trading Technologies products, including XTRADER for qualified clients).

Ilan Levy-Mayer is the vice president of Cannon Trading Company and chief trader for LEVEX Capital Management Inc., a commodity trading advisor. Levy-Mayer specializes in futures and commodities trading using technical analysis and algo trading. He oversees trading systems, risk and online marketing at Cannon while also running a trading program with LEVEX. A former professional basketball player, Levy-Mayer has been in the futures industry since 1998.

– Brian Mehta, CMO

You have an interesting background. How did you get involved in trading, and how has your prior experience as a professional athlete helped you as a trader?

Ilan: Athletics and trading are not so dissimilar. Learning that practice makes perfect and that spending hours in the gym would help my basketball game translated into me spending hours in front of the machine, watching markets and market patterns, trying to perfect my game.

I actually became involved in trading after becoming a broker. At the time, the online trading business just got started and I was watching too many self-directed online traders lose money way too quickly. READ THE REST….

Continue reading “Trader’s Commodity Interview 3.01.2017”

President Trump is Speaking Tonight – Markets May Listen! 3.01.2017

Posted on February 28, 2017February 28, 2017 by Ilan

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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

President Trump will be speaking tonight ( 9 PM Eastern time) and I think that this may move the markets a bit more than usual for the night session….Be aware and be ready for possible shift in volatility tomorrow.

We are starting March with a day full of reports tomorrow, including crude oil inventories, Beige book and more!

Continue reading “President Trump is Speaking Tonight – Markets May Listen! 3.01.2017”

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