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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.

Free Futures Forthright eBook 6.14.2016

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

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 Tuesday June 14, 2016

Hello Traders,

Cannon Trading’s new eBook

Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike.
Futures Forthright eBook

Inside you can find:

  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!

The futures industry is complex and risky, which is why you need someone to be forthright with you….

Futures Forthright eBook -FREE INSTANT DOWNLOAD

Continue reading “Free Futures Forthright eBook 6.14.2016”

Front month for e-minis and currencies is now September 6.10.2016

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

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 Friday June 10, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

A Volume Weighted Average Price Spread tool to gauge the quarterly roll over activity in the Mini S&P market.:

http://www.cmegroup.com/trading/equity-index/paceofroll/main.html

September is now FRONT MONTH for index, currencies and financial futures. Examples are mini SP 500, Euro currency, Treasury bonds.

Should you have any further question please contact your broker.

Continue reading “Front month for e-minis and currencies is now September 6.10.2016”

Rollover Notice for the Emini Futures 6.09.2016

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

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 Thursday June 09, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” -Sir John Templeton
Weekly chart of Dow Jones Cash below for your review.

Dow Jones Cash Weekly Chart

Rollover notice!!

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, June 9th, at 8:30 am CDT  Time is rollover day.

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

The month code for September is U6.

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 BEFORE the close on Friday the 10th.

Should you have any further question please contact your broker.

Continue reading “Rollover Notice for the Emini Futures 6.09.2016”

Day Trading Crude Oil Futures 6.08.2016

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

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 June 08, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Crude Oil numbers tomorrow morning. As of lately it has been one of the more followed reports by all markets…..

I wrote this piece about day trading crude oil futures a couple of years ago and it is still very valid in my opinion:

Trading 102: Day Trading Using fear and greed ( using Crude Oil futures as an example)

Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures markets for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when the first notice day and last trading day for crude oil futures are, in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into a delivery situation.

Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

Continue reading “Day Trading Crude Oil Futures 6.08.2016”

Thursday June 2nd is full of market moving numbers!

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

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 Thursday June 02, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Looking at the calendar of reports on section 3 below and I think we  may have a volatile, big day tomorrow across many markets.

We have OPEC meeting, Crude Oil numbers ( postponed from today due to memorial day ). Natural gas numbers, ECB rate, challenger job report here, UK exit or not to exit the EU vote and more…..Should be an interesting day.

Make sure you are aware of the different times of reports/news events and how they can affect the specific markets you are trading.

Continue reading “Thursday June 2nd is full of market moving numbers!”

Heikin-Ashi Gold Chart 6.01.2016

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

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 June 01, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Sell in May and go away…did not happen….at least so far. Stocks finished the month strong and markets overall were somewhat quiet today, considering this was the last trading day of the month. Perhaps tired from the long weekend we had here in the US.

Won’t stay quite for long. We have EU rate decision early Thursday and monthly unemployment here in the US on Friday so I do expect volatility and volume to pick up.

I wish all of you a great trading month in June!
Monthly chart of gold futures for your review below:

Heikin-Ashi Chart

Continue reading “Heikin-Ashi Gold Chart 6.01.2016”

iSystems: Plataformas de sistemas comerciale Levels and Reports 5.27.2016

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

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 Friday May 27, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!  

Dear Traders,

We are excited to announce that our new technology, iSystems is now available in Spanish!

This cutting edge platform allows you to browse, filter, select, monitor and when ready trade live many different systems based on different, tested algorithms.

We will be happy to assist or answer any questions.

Start your journey now! https://cannon.isystems.com 

Estimado Comerciante,

Estamos muy contentos de anunciar que nuestra nueva tecnologia de , Systems, ahora disponible en espanol !

Esta plataforma de vanguardia le permite navegar , filtrar , seleccionar,

controlar y , cuando este listo, podra comprar y vender en  vivo en linea
bajo varios sistemas basados en diferentes algoritmos comprobados.

Estaremos encantados de ayudarle o responder a cualquier pregunta .

Comience  ahora!  https://cannon.isystems.com 

Trading ALGOS free trial 5.26.2016

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

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 Thursday May 26, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!  

Trading Algos

What are the trading algos?

Through my job as a broker I have spent 100’s of hours researching the markets in attempt to gain an “edge” and be able to assist my clients better. The results are a family of studies and trading conditions I programed and tested, that i feel comfortable using to analyze the markets. I use my ALGO’s in different ways in the trading program REN18 and I use them also when looking at the markets in different time frames.

Obviously there is more to trading than just studies. There is trade management, entry and exit techniques, fear and greed and much more….but I hope that you can evaluate the studies/ ALGOs and decide if it can be of help in your trading.

I currently have 3 main ALGOS I use in my managed accounts and offer for clients to use either with E-Futures, Sierra charts or CQG charts ( both CQG IC and CQG Q trader) – all charting packages offers free trial.

Diamonds: DIAMONDS are an algorithm I came up with as I was 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. Like any other indicator, trading strategy, we simply don’t know what the future will bring, in our case the next few minutes, sometimes seconds…hence the use of the term “suggested”.

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

F50: The F50 tries to measure institutional activity that may lead to continued momentum within larger time frame. It looks for correlation with volatility systems and attempts to sense possible continuation of immediate trend.

I like to use my studies and ALGOS on either volume and range bar charts when it comes to short term trading and 15 minutes, hourly and daily charts when it comes to longer term day trading as well as swing trading.

Globex & ICE ® Memorial Day Holiday Trading Schedule 2016

Posted on by Ilan

Globex® Memorial Day Holiday Schedule 2016

*Note: Session orders entered on Sunday are for trade date Tuesday, May 31 and will continue working until Tuesday’s close unless otherwise noted.

Equity, Interest Rate, FX, Energy, Metals & DME Products

Friday, May 27

 1600 CT / 1700 ET / 2100 UTC – Regular close

Sunday, May 29

 1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, May 31*

 Monday, May 30

 1200 CT / 1300 ET / 1700 UTC – Trading halt (pre-open)

 1700 CT / 1800 ET / 2200 UTC – Products resume trading

 Tuesday, May 31

1600 CT / 1700 ET / 2100 UTC – Regular close

Continue reading “Globex & ICE ® Memorial Day Holiday Trading Schedule 2016”

What type of trading day am I facing? 5.25.2016

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

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 May 25, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!  

Strong trend day today on both indices going up and gold going down, prompts me to share a piece I have shared in the past about recognizing the different type of trading days (both markets above experienced type 2 trading day today):

  • My opinion is that there are 3 main types of trading days.
    1. Most common is 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 day, 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 day – 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. Many times, no trading is better than bad trading during these type of trading days….
  • Good question is how can one asses what type of trading day we will have while the market is still trading….I am doing some work about it 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 have good volume, better chances for type 1 or type 2 trading days.
    5. low volume during first 30 minutes can suggest a choppy (type 3 trading day)
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.