Pre August 24th Mini Crash – Heikin-Ashi Nasdaq Chart 10.23.2015

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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 October 23, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

I must admit I am somewhat shocked but indices are back to pre August 24th mini crash…..but they are…..Many times in this business we like to see what we want to see and not what is actually happening PRICE WISE. mini NASDAQ 100 daily chart for your review below:

Futures Levels & Economic Reports 10.22.2015

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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 October 22, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Two quick updates: 1. Eurex is offering mini DAX contract starting Wednesday Oct. 28th.The DAX is one of the more popular European indices but a rather large contract. I think the mini DAX will be a popular contract that allows traders to trade at different times of the day and participate in European Index action.It will be fifth the size and fifth the margin of the big DAX.

Continue reading “Futures Levels & Economic Reports 10.22.2015”

Futures & Commodity Trading Tools 10.16.2015

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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 October 16, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Browse and use our FREE Trading Resources for Futures and Commodities

Heiki-Ashi Futures Gold Chart & Economic Reports 10.14.2015

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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 October 14, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

While stock indices did have a meaningful reversal today, the market that caught my eyes last few days is gold!

See chart below, gold is flirting both with major Fibonacci level as well as 200 days moving average.

GCL-Gold(Globex), Equalized Active Daily Continuation:Heikin-Ashi
GCL-Gold(Globex), Equalized Active Daily Continuation:Heikin-Ashi

Which is the path of least resistance? the next few days will tell…..

Economic Reports & Futures Levels 10.13.2015

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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 October 13, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Dull day in most markets with low volume ( with the exception of the energy sector). I was trying to think of something helpful to share with my readers and couldn’t really think of anything specific….so instead I decided to share with you one of the post-its I have glued to one of my screens….my reminder of the need to stay disciplined to a system I developed…..it says:”STUPID PEOPLE do the same things looking to achieve different results. Don’t let your emotions run your trading. Let the system run, you put too much work & time into it. Learn from  past mistakes and adjust”

So whatever speaks to you that will help you stick to your money management rules and be discipline, type it, print it, place it some where visible….

Every so often when I think I need to “manually interfere with my system”, I look at my post-it and take a small time out. That helps me stay disciplined.

Did you know Cannon offers FOREX trading including the MT4 platformCheck out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.

Heikin-Ashi Mini S&P Chart & Economic Reports 10.09.2015

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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 October 9, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Earnings season is under way. Make sure you are aware of major earning announcements.
Another good source for earnings reports by MorningStar. I would have not guessed that we would retrace all the way back after the major sell off/ flash crash we had back in Aug 21st.
EP - E-Mini S&P 500, Equalired Active Daily Continuation : Heikin-Ashi
EP – E-Mini S&P 500, Equalired Active Daily Continuation : Heikin-Ashi

Daily chart of the mini SP 500 for your review below:

Continue reading “Heikin-Ashi Mini S&P Chart & Economic Reports 10.09.2015”

Heikin-Ashi Crude Oil Chart & Economic Reports 10.08.2015

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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 October 8, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Earnings season is under way. Make sure you are aware of major earning announcements. Earnings schedule here.

In between crude oil providing plenty of ranges and intraday excitement, now flirting with major resistance at 49.70. Daily chart for review below:

CLE - Crude Light(Globex), Equalired Active Daily Contunuation : Heikin-Ashi
CLE – Crude Light(Globex), Equalired Active Daily Contunuation : Heikin-Ashi

Futures Day Trading Tip & Economic Reports 10.07.2015

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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 October 7, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Survivor Day Trading

This article was published by the Stocks, Futures, & Options Magazine in September, 2007 and was written by our VP, Ilan Levy-Mayer. We think this article is timeless and whether you are beginner or advanced trader, you will enjoy it.
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, Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done. Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.