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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.

FOMC tomorrow 11.02.2016

Posted on November 1, 2016November 2, 2016 by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 2, 2016

Greetings!

BIG day tomorrow!

FOMC meeting along with ADP employment report earlier in the day and crude oil numbers…

Be aware of the reports, know your strengths and weaknesses and decide if you should be trading during these reports or not.

refer back to notes from your ( hopefully ) trading journal and stay disciplined and consistent. No trade is better than a bad trade!

Here are some notes I share before every FOMC 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 2105.00 with a stop at 2099.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2099.75 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 11.02.2016”

Trading ALGOS Free Trial 11-01-2016

Posted on October 31, 2016November 2, 2016 by Ilan

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

Greetings!

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.

Trading Signals and Indicators

Continue reading “Trading ALGOS Free Trial 11-01-2016”

Oil outlook by Erik Nolan of the CME group 10.28.2016

Posted on October 27, 2016July 19, 2017 by Ilan

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Greetings!

Good read by the CME about oil prices:

Oil: Tell-Tale Signs in U.S. Inventories

25 Oct 2016
By Erik Norland
Topics: Energy

For those hoping for a sustained rebound in oil prices, U.S. inventories might present a mixed picture. First the bad news: crude oil inventories are still near record high levels and are continuing to rise on a year-on-year basis. Gasoline and ultra-low sulfur diesel (ULSD) inventories are also increasing year on year but to a lesser extent. Inventories of all three remain near seasonally-adjusted record highs.

The good news is that the pace of inventory accumulation is slowing rapidly. For a while in 2015, crude oil inventories were rising as much as 31% year on year. Currently, they are just 5% greater than a year ago (Figure 2). Gasoline inventories are up about 4% from last year while ULSD inventories are up about 7% from a year ago. At their peak rate of increase, gasoline inventories rose at about 11% year on year, while ULSD inventories increased by as much as 27% year on year.

Read the rest along with graphs and charts.

Continue reading “Oil outlook by Erik Nolan of the CME group 10.28.2016”

Free Trial to Professional Technical Analysis Service 10.27.2016

Posted on October 26, 2016July 19, 2017 by Ilan

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

Greetings!

This resource I am about to share is very valuable in my eyes. I use it daily when assisting clients who are in different markets and different time frames to go along with my own analysis. If you take the completely free trial below, make sure you take a few minutes daily to listen, plot the lines on your charts and keep a short log of how and if it helped you. I think it will.

Artac Advisory has provided exceptional market guidance to the independent and professional trading community for over 20 years. Their daily research is technical in nature, blending time-tested, discretionary charting methods with a systematic analysis of customized indicators, the results presented in a cohesive, tradable framework. They consider it their mission to identify and effectively communicate all profitable trading opportunities generated through their complete analysis, and encourage you to see for yourself by taking their daily newsletters for a test drive.

Continue reading “Free Trial to Professional Technical Analysis Service 10.27.2016”

Managed Futures, Trading Systems and More! An excellent video 10.26.2016

Posted on October 25, 2016October 25, 2016 by Ilan

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Greetings!

Continuing with our educational videos, this time a great introductory video into managed systems, trading systems and alternative investments in general when it comes to futures trading. https://vimeo.com/184390982

Continue reading “Managed Futures, Trading Systems and More! An excellent video 10.26.2016”

Trading 102: Line Close Only Charts Video 10.25.2016

Posted on October 24, 2016October 24, 2016 by Ilan

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Greetings!

Trading 102 to start our week, Close Only Line Charts:

This video will introduce you to the added advantage of using “Close Only” trend lines.

You can find them under “Line Chart” when selecting “Chart Style” on most platforms.

https://vimeo.com/188716785

Continue reading “Trading 102: Line Close Only Charts Video 10.25.2016”

Future Spreads 10.21.2016

Posted on October 20, 2016October 24, 2016 by Ilan

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

Greetings!

ECB was almost a none event today with minor moves in the markets ( except an erratic and indecisive treasury sector)

Natural gas report came out and prices ended up pretty much where it was before the report…..

A good article about futures spreads available for your trading education.

Another thought for you day traders out there – have you ever considered trading ES vs NQ?
NQ vs YM? etc. instead of just taking an outright position? Continue reading “Future Spreads 10.21.2016”