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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.

Trader’s Commodity Interview 3.01.2017

Posted on 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 by Ilan

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  

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

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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”

Futures Automated Trading System for Review 2.28.2017

Posted on by Ilan

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

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

Last trading day of the month can be different in different markets.

I noticed large volume and price action on bonds for example during 14:00 Central time ( used to be the pit session close).

Keep a trading journal and write down any patterns you see that can help you in the future. Economic reports reaction, last trading day of the month, option expiration are just a few examples.

Also, I would like to share a trading system we are personally impressed with here at Cannon, out of our iSystems menu:

https://cannon.isystems.com/System/PerformanceSheet?Id=12215

Feel free to contact your Cannon point of contact with any questions regarding this system or any other of the many trading systems we offer here at Cannon.

Continue reading “Futures Automated Trading System for Review 2.28.2017”

Day trading ALGO – FREE TRIAL 2.24.2017

Posted on by Ilan

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Heads up: Front month for energies is now April. Both crude oil and Natural gas numbers are out tomorrow. Check reports section below. 

Here is a screen shot from our trading platform, E-Futures Int’l along with enabled studies/ALGO I have created, which you can try on your own. it comes with a 15 minute remote session, 25 minute video and a 23 page PDF that explains the concept.

The screen shots are for Gold and Natural gas from yesterday’s session.

Red diamond = possible sell. Green diamond = possible buy.

Along with a few simple rules, one can use this another tool for day trading.

E-Futures Int’l Chart

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 “Day trading ALGO – FREE TRIAL 2.24.2017”

Futures Day Trader’s Check list 2.23.2017

Posted on by Ilan

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Heads up: Front month for energies is now April. Both crude oil and Natural gas numbers are out tomorrow. Check reports section below.

Day Trader’s Checklist:

  1. Review your statement from the prior trading day.
  2. Know what reports due for release and at what time.
  3. Know previous day’s high/low/close. Mark them on chart.
  4. Mark your support and resistance levels.
  5. Take a look at longer-term time frames.  Is the market you’re trading in a strong bias/trend?
  6. Plan your trade’s parameters ahead of time.  Know your position size limits, your loss limits, your profit targets.
  7. Print/ save a record of your trades at the end of the day.  Check for any “left over” open orders.
  8. Write down what you need to in your trading journal.

Continue reading “Futures Day Trader’s Check list 2.23.2017”

Different Type of Trading Days…..2.22.2017

Posted on by Ilan

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In the last few weeks we witnessed very low volatility with low volume which encouraged me to share the following with you on the different types of trading days ( PS: The other solution is to also look at other markets for day trading like gold , crude oil and natural gas ) :

  • In my opinion there are 3 main types of trading days.
  1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.
  2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.
  3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.
  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
    1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
    5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

Continue reading “Different Type of Trading Days…..2.22.2017”

President’s Day Trading Hours 2-17-2017

Posted on by Ilan

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Dear Traders,
 

Monday is President’s Day here in the US and markets will have modified schedule.

President's Day Trading Hours

Continue reading “President’s Day Trading Hours 2-17-2017”

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

Posted on by Ilan

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

Presidents Day 2017 Holiday Schedule

Globex® Presidents King Day 2017 Holiday Schedule

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

 If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe

at +44 800 898 013 or in Asia at +65 6532 5010

Ice Futures Presidents Day 2017 Holiday Trading Schedule

Detailed holiday hours: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Day Trading Stocks vs Futures 2.16.2017

Posted on by Ilan

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  

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

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Day Trading Futures vs. Day Trading Stocks

No Downtick Rule

With Futures there are NO downtick and/or short sale rules as found in daytrading equities. No boxing of positions and no bullets. You can instantly short anytime at any price.

Tax Advantage

Commodities are taxed differently than securities. The net gain or loss from trading commodities is reported on schedule D (capital gains and losses); 60 % of the amount is taxed as a long-term capital gain and 40% is taxed as a short-term capital gain. Active Securities Traders have all gains taxed as short term vs. commodities traders who have the above treatment.

24 Hour Market Access

With Electronic Screen traded E-Mini Contracts you can access the market during regular equity trading hours, after hours and during the night. This makes trading news easier as many news events happen after 3:00 pm and late in the afternoons.

More Leverage

You can control more exposure with the same capital than in equities.

Lower Cost Commissions It costs an average of $5-$9 per ticket to actively trade equities, compared with futures where it is $1.26 to $2.00 per ticket – less than half the price. 

The Catch?

They can be more risky than equities.

Trading the E-Mini futures contracts can be more exciting and faster paced than traditional equity markets day trading. Your emotional swings can be more excessive with futures because they are so much more liquid than the equity markets that you may be used to trading. And you have more leverage to play with. These products are for professionals only. Please read carefully the risk disclosure forms on this site and all of the risk disclosure forms found in your account paperwork before considering trading futures. 

More Trading Education available here!

Continue reading “Day Trading Stocks vs Futures 2.16.2017”

Intra Day Turning Points 2.15.2017

Posted on by Ilan

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Below you will see screen shots from our E-Futures Int’l software along with my diamond ALGO which can be displayed on the platform. 

The diamond ALGO tries to predict turning points in the market and comes with a few simple rules to provide trader with another tool/ approach in their trading arsenal. 

Crude Oil 18 Ticks Range Bar 

Crude oil 18 ticks range bar
 
Gold 18 Ticks Range Bar
Gold 18 Ticks Range Bar
   

About Range Bar Charts:

A Range Bar chart is constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time the bar range (high to low) is equal to some value that you set in preferences.

Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where I enable the ALGO along with few studies.

To start your trial, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

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 “Intra Day Turning Points 2.15.2017”

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.