Volatile Reaction/Market Action to FOMC & Economic Reports 6.19.2014

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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 June 19, 2014

Hello Traders,

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

 

Volatile reaction/ market action to FOMC. More than I expected to be honest.

I always find the day after FOMC to be more revealing about the short/medium term trend, so will be interesting to watch market action tomorrow.

In between remember that September is now FRONT month for all indices/ currencies/ financials.

Remember money management can be more important than reading market direction and you can have a successful trading day even if it ended up being in the red, as long as you followed your rules and stayed discipline. Sometimes you can do everything right and still lose, it’s called trading…..

 

 

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FOMC Interest Rate Decision tomorrow & Economic Reports 6.18.2014

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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 June 18, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

A quick analysis I did for investing.com about crude oil futures at:

http://www.investing.com/analysis/is-crude-oil-breaking-higher-216227

 

 

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, June 18th ).

 

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 1925.00 with a stop at 1919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1919.75 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

 

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Futures Webinar Video & Economic Reports 6.17.2014

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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 June 17, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

Make sure you are trading the September contract.

Recording of a webinar I presented as a guest speaker last week, focusing on money mgmt, psychology of trading and a few more tips related to the concept of risk and money mgmt can be found at:

http://www.youtube.com/watch?v=xLYMkzHWXCQ&list=UUwgKEiLibhM3JEEtXL3HEtA

 

 

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Rollover for Futures Mini Indices & Economic Reports 6.13.2014

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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 June 13, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

Make sure you are trading the September contract.

I was asked this morning, “what futures markets would you recommend a newcomer to start with?”

 

While the answer will vary based on perspective trader risk capital, risk tolerance, personality etc. I do think that there are a few markets that might be a better start for first time futures day trader.

 

I personally would say, leave the mini SP alone. Yes it has the biggest volume but there is quite a bit of size on the bid/ask that may make this frustrating for new traders.

My favorite markets to share with first time traders are:

 

mini Dow

ten year notes

and

mini crude/ mini gold

 

The mini Dow moves similar to mini SP but the value per point/tick is smaller, still has good volume but not as hard to get filled on the limits as the mini SP.

 

The 10 year notes are usually less volatile than the other markets mentioned. Completely different type of trading personality and offer a good diversification option for new traders and experienced traders and they trade in halves, so each tick is $15.625 versus each tick of the 30 years which is worth $31.25.

 

The mini gold and mini crude are another good option because it is the smaller contract size of two markets that can really move, offer volatility and RISK but the availability of the mini sized contracts make these two a better option for beginners until one has experience / risk capital and appetite for the standard contract sizes of gold and crude oil.

 

 

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Futures Webinar Invite + Roll Over Notice & Economic Reports 6.12.2014

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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 June 12, 2014

Hello Traders,

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

 

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, March13th, is rollover day.

Starting June12th, the September 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2014 contract as of June 12th. Volume in the June 2014 contracts will begin to drop off until its expiration on Friday June 20th.

 

The month code for September is U4.

 

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

 

Please close any open June Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.

PERSONALLY I start trading the Sept. contract Friday but proper rollover is tomorrow.

WEBINAR REMINDER:

 

We are extremely excited to be participating in the TradingPub’s Trade-A-Thon this Thursday!  The event will feature 13 professional traders in every market under the sun.
Ilan Levy-Mayer of Cannon Trading is going to present from 11:30 AM-12:45 PM EST by educating traders based on his 16 years experience. Ilan will share his unique approach into day trading money management, talk about positive trading psychology and share what he thinks might be the best $4.99 you can spend on trading tools…..

 

Tap Here to Secure Your Spot (Includes Recording)

 

The Event will also feature:

  • Specific outline for creating a day trading risk module
  • How to create positive trading psychology
  • Tips from a broker who observed 1000’s of traders
  • Why most traders lose?
  • Free trial to cannon’s newest trading platform Shogun Trade Executer

 

REGISTER FOR THE TRADE-A-THON and Recording HERE

 

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

 

Risk: 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.

 

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Crude Oil & Gold Futures Information & Economic Reports 6.11.2014

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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 June 11, 2014

Hello Traders,

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

 

Once again we are witnessing lower volume, lower volatility as stock indices are hanging around their all time highs….

I know that for me personally, this type of environment would be hard to day trade, hence the reason I am sharing with you a piece I wrote before about other markets to consider for day trading:

Crude Oil and Gold futures.

 

More than a few similarities between the two markets.

They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

Both markets were quiet today relatively speaking but even on a quiet day, the range on gold was $13 or = $1300 wide using one futures contract. Crude ranges today was  than $1.08 or about $1080 between hi/lo.

I like using overbought/ oversold indicators on the two markets as well as using range / Renko charts.

 

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Day Trading Money Mgmt, Positive Trading psychology and trading tips 6.10.2014

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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 Tuesday June 10, 2014

Hello Traders,

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

 

Day Trading Money Mgmt, Positive Trading psychology and trading tips from a 16 years veteran

 

We are extremely excited to be participating in the TradingPub’s Trade-A-Thon this Thursday!  The event will feature 13 professional traders in every market under the sun.
Ilan Levy-Mayer of Cannon Trading is going to present from 11:30 AM-12:45 PM EST by educating traders based on his 16 years experience. Ilan will share his unique approach into day trading money management, talk about positive trading psychology and share what he thinks might be the best $4.99 you can spend on trading tools…..

 

Tap Here to Secure Your Spot (Includes Recording)

 

The Event will also feature:

  • Specific outline for creating a day trading risk module
  • How to create positive trading psychology
  • Tips from a broker who observed 1000’s of traders
  • Why most traders lose?
  • Free trial to cannon’s newest trading platform Shogun Trade Executer

 

REGISTER FOR THE TRADE-A-THON and Recording HERE

 

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

 

Risk: 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.

 

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Mini S&P Charts & Economic Reports 6.06.2014

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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 June 6, 2014

Hello Traders,

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

 

I was talking about how volatility comes and goes in cycles yesterday and sure enough after ECB decision to lower rates, we saw some good, two sided trading action in stock indices along with much better volume.

More to come tomorrow in my opinion as market awaits monthly unemployment report before the cash opens ( 5:30 AM pacific time/ 7:30 AM Central time)

I must share with you my mini SP chart set up as it played out today which shows the only two signals for today  -1 buy and 1 sell ( blue diamond buy, red diamond sell). To keep this balanced I am also sharing a screen shot from a few trading days ago where two of the red diamonds generated a “failed” sell signal.

If you like a trial for the ALGO, please read below the charts:

Today’s session:

817

 

May 21st 2014 session:

816

 

Would you like to have access to my DIAMOND and TOPAZ ALGOs 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 for your own sierra/ ATcharts and/or CQG .

 

 

 

To start your trial, please visit:

 

 

If so, please send me an email with the following information:

 

 

1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?

 

 

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

 

 

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Futures Day Trading Systems Webinar & Economic Reports 6.05.2014

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 5, 2014

Hello Traders,

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

 

First few days of June saw light volume and narrow ranges on stock index futures as the markets made new all time highs.

I mentioned this before, over the years, volatility comes and goes in cycles so be aware of the type of market conditions you are currently trading and be ready to adjust when volatility picks up.

In between a reminder about our webinar tomorrow:

 

iSystems – Let the ALGOs do the heavy lifting

Join us for a Webinar on June 5th 3:15 Central time/ 1:15 Pacific time 

Join us for an informative and entertaining 60 minute webinar on iSystems, a new Automated Trading Systems Platform. We’ll be joined by Walter Gallwas, President of iSystems.

Most traders have heard of ALGO trading, trading systems and some may be trading a system in order to take the emotions out of trading, and this educational webinar on this Thursday at 3:15 Central time will cover all of the benefits of trading systems and the iSystems platform, including:
* What are trading systems?
* What is iSystems?
* Finding the right trading system for you and helps keep you consistent in your trading.
* Ways to trade automated trading systems
Seats are limited, as attendees will also receive direct access to:

1. The 200+ professionally developed trading systems on the iSystems Platform
2. A plethora of educational and “how to” articles relating to trading systems from many angles.

Futures and forex trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

Title: iSystems – Let the ALGOs do the heavy lifting
Date: Thursday, June 5, 2014
Time: 1:15 PM – 2:15 PM PDT
815
After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 8, 7, Vista, XP or 2003 Server
Mac®-based attendees
Required: Mac OS® X 10.6 or newer
Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Futures Day Trading Systems Webinar & Economic Reports 6.05.2014”

Futures Trading Systems Webinar – iSystems & Economic Reports 6.04.2014

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 4, 2014

Hello Traders,

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

 

iSystems – Let the ALGOs do the heavy lifting

Join us for a Webinar on June 5th 3:15 Central time/ 1:15 Pacific time 

Join us for an informative and entertaining 60 minute webinar on iSystems, a new Automated Trading Systems Platform. We’ll be joined by Walter Gallwas, President of iSystems.

Most traders have heard of ALGO trading, trading systems and some may be trading a system in order to take the emotions out of trading, and this educational webinar on this Thursday at 3:15 Central time will cover all of the benefits of trading systems and the iSystems platform, including:
* What are trading systems?
* What is iSystems?
* Finding the right trading system for you and helps keep you consistent in your trading.
* Ways to trade automated trading systems
Seats are limited, as attendees will also receive direct access to:

1. The 200+ professionally developed trading systems on the iSystems Platform
2. A plethora of educational and “how to” articles relating to trading systems from many angles.

Futures and forex trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

Title: iSystems – Let the ALGOs do the heavy lifting
Date: Thursday, June 5, 2014
Time: 1:15 PM – 2:15 PM PDT
815
After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 8, 7, Vista, XP or 2003 Server
Mac®-based attendees
Required: Mac OS® X 10.6 or newer
Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Futures Trading Systems Webinar – iSystems & Economic Reports 6.04.2014”