ALGO Free Trial for Possible Signals 12.16.2016

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*Check out our top performing trading systems!

Live results. Explore different systems by different developers and if interested, have these systems “auto trade”.

Please contact your broker or just call us at +310 859 9572.

** ALGO free trial for possible signals like you see in the chart below

goldDailyJune2014

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Top Performing Futures Trading Systems 12.15.2016

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*Check out our top performing trading systems!

Live results. Explore different systems by different developers and if interested, have these systems “auto trade”.

Please contact your broker or just call us at +310 859 9572.

**March is NOW front month for stock indices, currencies, most grains, all financials and more. You should NOT be trading any December contracts at this point…..

*** Gold broke major support levels, daily chart for your review below. 1134 is next major support level:

 Gold Daily Chart

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Webinar – Getting Started With Scalping 12.14.2016

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Two main notices today:

1. We will have a webinar tomorrow right after the close on getting started in scalping.
2. We have FOMC coming out tomorrow – some notes on that as well!

1. Join us for a webinar on Dec 14, 2016 at 1:00 PM PST.

Getting Started in Scalping/Ultra Short Term Trading

Register now!

https://attendee.gotowebinar.com/register/8467547232373354500  

Join us for a 60 -minute webinar on Wednesday Dec 14th at 3:00 P.M., Central Time.

The term ‘scalping’ now covers many different styles of trading with one common trait. You are in and out of the market in a very short time period. Frequency of trades is usually but not always high.

In this webinar, we’ll look at specific techniques for short term trading and why you might want to consider using these techniques.

– The benefits and risks of short term trading
– Market making techniques
– Market state – when to scalp
– The role of correlated markets
– Scalping volatility
– Scalping around volume
– Scalping around depth/front running the front runners
– Scalping mid-leg absorption
– Scalping around high visibility areas
– Stops – definitely not what you think

Risk free demo will be available.

SPACE is LIMITED, so reserve your space now! https://attendee.gotowebinar.com/register/8467547232373354500  

Risk: 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

After registering, you will receive a confirmation email containing information about joining the webinar.

2. The second, tomorrow is  FOMC meeting.

Be careful.

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow as well as Crude Oil Inventories earlier that day.

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 2165.00 with a stop at 2159.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2159.75 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 “Webinar – Getting Started With Scalping 12.14.2016”

Rollover notice for stock index futures 12.09.2016

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2016 TraderPlanet STAR Awards
YOUR VOTE MATTERS

We are competing in the 2016 TraderPlanet STAR Awards!

We’re honored to have been picked by the TraderPlanet Community as one of the top companies in the trading industry.

The STAR Awards program recognizes firms that provide exemplary service and innovative product offerings to traders. Presenting the STAR Awards for seven seasons, TraderPlaent.com remains the go to education and information resource for traders of all skill levels.

In order to win, we need your vote. So please help us out and go to:
Vote for Cannon Trading at 2016 TraderPlanet STAR Awards

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Free Trial To Day Trading Signals 12.08.2016

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Free Trial to Trading Signals and Indicators

Cannon Trading is pleased to present a  3 weeks FREE trial to LEVEX family of indicators and ALGO:

To start the trial is very easy and once you are set you will see indicators such in the screen shot below ( taken from today’s action in the crude oil market) which produce possible buy and sell signals based on the two main ALGOS below:

Diamonds:

DIAMONDS is an algorithm that was created while designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal.

The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not.

RED diamonds suggest possible short term top. GREEN or BLUE diamonds suggest possible short term bottoms.

The term “suggested” is used because like any other indicator or trading strategy, the future for the next few minutes or sometimes seconds cannot be predicted.

ILM:
ILM produces arrows on the charts that signal potential change in direction and momentum since ILM is based on moving average and a volatility system.

Simply review the information,  fill out the form below to instantly download our trading platform, and then view the indicators on the charts

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Start your FREE trial here or simply reply back to this email with the following:

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

Continue reading “Free Trial To Day Trading Signals 12.08.2016”

Video on Day Trading Futures 12.07.2016

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  1. Good article: OPEC to Seek More Oil-Output Cuts from Nonmembers
  2. A good video on daytrading  futures using overbought/oversold indicators (crude oil in this case): https://www.youtube.com/watch?v=qhP-mtpTvE4&t=27s
  3. Last but not least,

Don’t forget to vote for us!! It takes 8 seconds, even if you voted before, they allow voting on daily basis!….vote here!

Dont forget to vote for us!! It takes 8 seconds…. vote here!

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Unemployment report tomorrow + Trading Glossary 12.06.2016

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Dear Traders,

  1. Don’t forget to vote for us!! It takes 8 seconds, even if you voted before, they allow voting on daily basis!…. vote here!
  2. Check out the latest rankings of our automated trading systems of live trading results. See results here.
  3. Last but not least, crude oil overnight margins have been increased from: $3190 to $3520

Have a great December!!

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Volatile Markets Require Professional Brokers! 12.01.2016

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Big moves in the markets today as we anticipated yesterday. Crude oil up over $4 along with it’s products heating oil and unleaded gas.

Gold down another $15, bonds resumed the downward trend with close to two full points down and stocks showed the first sign of weakness in a few days….

The volatility in some of the markets encouraged me to remind you about the weekly options available for markets like mini SP, gold, Crude, Bonds and others.

While options have their advantages and disadvantages…when the markets are so volatile they present an alternative to trading with out the need to use stops that have higher chances of getting hit when markets move like they did today…..

Read more about weekly options here and ALWAYS feel free to pick up the phone and chat with any of our experienced, series 3 brokers about options, markets, trading and more!

Have a great December!!

Dont forget to vote for us!! It takes 8 seconds….vote here! 

Continue reading “Volatile Markets Require Professional Brokers! 12.01.2016”

Big day on the last trading day of the month tomorrow! 11.30.2016

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In today’s blog, note about tomorrow’s full day of reports, changes to Russell contract size, reminder of current front months

Dear Traders,

Looking at the schedule for tomorrow – BIG day ahead.

We have OPEC, Crude Oil report, Beige book, ADP employment report, CPI and much more.

Check the calendar on section 3 of this blog. Set alarms. Know which reports affect the markets you trade so you don’t get caught in one of those moments where you yell ” What the heck just happened??

Effective on trade date Monday, December 5th,  ICE Futures US will change the contract size for mini Russell 2000:

Mini Russell 2000 used to be that one point  was $100 or 1 tick was $10. As of next Monday, one point will be worth $50 and each tick will be $5.

Assigned Deliveries can be a very costly process to try and reverse…..make sure you are trading the correct months:

  • Front month for Gold is February.
  • Silver front month is March.
  • Front month for most grains is March.
  • Crude oil and Natural gas are January.

If you enjoy our blog and the information we share, please vote for us as #1 under the “Blog Section” and provide us with the strength and energy to continue and providing you with the best tips and information on this blog!!

You can vote daily, both for the blog and for Cannon Brokerage services!!

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