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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.

Non Farm Payroll Data, Economic Reports & Levels 10.03.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 

We started a trial for a new squawk box service here at Cannon and I must say I was impressed enough to share with you an example of the wrap up email I received as well as a link to their services:

http://www.livesquawk.com/#!sign_up  Continue reading “Non Farm Payroll Data, Economic Reports & Levels 10.03.2014”

Heikin-Ashi Mini Russell 2000 chart; Economic Reports & Levels 10.02.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

We started October with a bearish statement on stock indices and being October that may make some bulls even more concerned….Yet it seems that over the past 5 years the bulls were quick to buy any major corrections and following the FED and QE were able to ride the waves up.Well QE is being reduced and job figures may provide the Fed. more confidence to continue with reducing QE. Friday’s monthly reports will be watched closely as well as the X factor – QE in Europe?To be honest I was never much of an in depth fundamental guy as I simply follow too many markets to be an expert on the different fundamentals that move each market, so I try to keep on top of the major news/issues and I rely 80% on charts, especially when it comes to shorter/medium time frames. Continue reading “Heikin-Ashi Mini Russell 2000 chart; Economic Reports & Levels 10.02.2014”

Futures Trading Levels & Economic Reports 9.26.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

There will be no commentary today.  Thank you and good trading!

GOOD TRADING !

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. Past performance is not indicative to future results.

Continue reading “Futures Trading Levels & Economic Reports 9.26.2014”

Mini Russell 2000 Insight, Economic Reports & Levels 9.25.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Powerful bounce this morning, which started as Obama was speaking in front of the UN. Don’t think it was related but such was the timing…..

Daily chart of the mini Russell 2000 for your review below. I am sure many of you have noticed the divergence between the different stock indices. The SP500 is still flirting with all time highs, while the Russell 2000 is off quite a bit from the highs made on July 1st 2014.

My best guess for the Russell is a bounce towards the 1141.50 level, followed by a retest of the 1098 level but I must admit this is a pure guess on my side as  am trying to predict a few moves ahead….

TFE - Russell 2000 Index Mini, Equalized Active Daily Continuation
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation

Continue reading “Mini Russell 2000 Insight, Economic Reports & Levels 9.25.2014”

FOMC Interest Rate Decision, Economic Reports and Levels 9.17.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Sept. 17th ).

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 1965.00 with a stop at 1959.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1959.75 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
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined Continue reading “FOMC Interest Rate Decision, Economic Reports and Levels 9.17.2014”

Rollover Notice, Economic Reports & Levels 09.10.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Rollover Notice for Stock Index Futures

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, Sept.11th, is rollover day.

Starting Sept. 11th, the December 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2014 contract as of Sept. 11th. Volume in the Sept. 2014 contracts will begin to drop off until its expiration on Friday September 19th.

 

The month code for December is Z4.

 

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

 

Please close any open September Currency positions by the close on Friday the 12th.

Should you have any further question please contact your broker.

 

Feeder Cattle futures, Economic Reports & Levels 9.04.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Not much to share today to be honest but found this little factoid VERY interesting….

 

Morning MoneyBeat Daily Factoid: On this day in 1929, the blue-chip Dow Jones Industrial Average finished at 381.17. The closing level proved to be the Dow’s peak before the Crash of 1929 and the subsequent Great Depression. Stocks didn’t reclaim this level until 1954.

On a different note, yours truly analysis of Feeder Cattle market available at:

http://experts.forexmagnates.com/feeder-cattle-leading-meat-sector-back/

 

 

 

GOOD TRADING !

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. Past performance is not indicative to future results.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

 

 

Futures Trading Levels

Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2022.50 4153.92 17241 1201.57 83.22
Resistance 2 2016.75 4133.83 17198 1194.73 83.15
Resistance 1 2007.75 4102.67 17134 1182.27 83.00
Pivot 2002.00 4082.58 17091 1175.43 82.93
Support 1 1993.00 4051.42 17027 1162.97 82.79
Support 2 1987.25 4031.33 16984 1156.13 82.72
Support 3 1978.25 4000.17 16920 1143.67 82.57
Contract December Gold Dec.Silver Oct. Crude Oil Dec. Bonds Sept. Euro
Resistance 3 1285.1 19.43 99.22 140 15/32 1.3205
Resistance 2 1278.8 19.36 97.52 139 26/32 1.3183
Resistance 1 1274.6 19.29 96.45 139 14/32 1.3167
Pivot 1268.3 19.21 94.75 138 25/32 1.3145
Support 1 1264.1 19.14 93.68 138 13/32 1.3129
Support 2 1257.8 19.07 91.98 137 24/32 1.3107
Support 3 1253.6 19.00 90.91 137 12/32 1.3091
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 366.8 538.8 1039.33 368.93 32.35
Resistance 2 363.5 537.9 1032.67 363.87 32.22
Resistance 1 357.8 536.8 1026.33 357.13 32.09
Pivot 354.5 535.9 1019.67 352.07 31.96
Support 1 348.8 534.8 1013.3 345.3 31.8
Support 2 345.5 533.9 1006.67 340.27 31.70
Support 3 339.8 532.8 1000.33 333.53 31.57
Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 3:50pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 4  2:00am EUR German Factory Orders m/m 1.6% -3.2%
4:10am EUR Retail PMI 47.6
Tentative EUR Spanish 10-y Bond Auction 2.69|2.1
Tentative EUR French 10-y Bond Auction 1.77|2.7
7:30am USD Challenger Job Cuts y/y 24.4%
7:45am EUR Minimum Bid Rate 0.15% 0.15%
8:15am USD ADP Non-Farm Employment Change 218K 218K
8:30am EUR ECB Press Conference
USD Trade Balance -42.5B -41.5B
USD Unemployment Claims 298K 298K
USD Revised Nonfarm Productivity q/q 2.5% 2.5%
USD Revised Unit Labor Costs q/q 0.6% 0.6%
9:45am USD Final Services PMI 58.5 58.5
10:00am USD ISM Non-Manufacturing PMI 57.3 58.7
10:30am USD Natural Gas Storage 72B 75B
11:00am USD Crude Oil Inventories -0.9M -2.1M
12:30pm USD FOMC Member Mester Speaks
7:00pm USD FOMC Member Powell Speaks
8:15pm USD FOMC Member Fisher Speaks
9:00pm USD FOMC Member Kocherlakota Speaks

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

 

Volatility returns to Energy and Metal Futures; Economic Reports and Levels 9.03.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

It seems that both volume and volatility came back from the long weekend…

BIG moves in energy and metals sector along with improved range and volume in stock indices.

I suspect this will continue the rest of this week with more reports ahead including Friday’s monthly employment levels.

Something my colleague mentioned to me today reminded me how “unnatural” trading can be for the human mind….As we are executing some trading systems on behalf of clients here at Cannon, one of the trading systems is a breakout system which caught the big sell off today in Crude, heating oil and gold ….( this is by no means to say that this system does this every day or anything of the sort but simply to provide an example of the following….): As the markets were moving in the direction the system wanted , my colleague mentioned, ” wish we could take profits now…” and it reminded me of one of the basic mistakes we all do. Taking profits too early and letting losses ride too long…The system which we execute under a letter of direction, ended up making quite a bit more by riding the trend rather than “taking profits now”  and while this is not to imply that this happens all the time, my opinion is that many traders , day traders and long term traders take out profits too quickly and stay in losers too long. The reason? Our human mind wants to see the profits as “ours”, i.e closed profits so we can know for sure this was a win….vise versa on the losing side…we refuse to close losses  because as long as the trade is open we have a chance for it to reverse, once we close it, it is a done deal, it is a closed losing trade….

So the point of the story is, that many times while trading we need to fight the urge to do what feels comfortable and rather do what we researched and believed produce results over time (assuming you do have a method/concept you researched and believed in…..)

Wishing you a great trading month ahead!

 

 

Labor Day Hours & Levels & Economic Reports for 8.29.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Labor Day Schedule below. For full details visit the exchanges directly

 

 

CME Group

ICE  

 

827

 

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.