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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.

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

 

Keeping a Futures Trading Journal, Economic Reports & Levels 8.28.2014

Posted on by Ilan

Hello Traders,

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

 

The EXTREMELY low volume today ( as well as last few days…) made me go look in my trading journal where sure enough I wrote down that the week before Labor Day is usually lower volume and a good time to take some days off….( too bad I did not schedule some vacation time LOL)
The point of the story is that keeping a trading journal has MANY ADVANTAGES….and I highly recommend it.

I keep notes on the following:

  • different methods I test
  • Market behavior during different economic reports
  • Things I did well, mental state of mind
  • Mistakes I have made, the reasons I did and how I can try to avoid these mistakes
  • Different indicators, chart settings, ideas I read about
  • Different codes I created for my charts
  • Much more…

Many times the journal will help me put closure on a bad day but more so it helps keep track of work I have done so I don’t have to do it again.

 

Try it. It is not easy, especially after bad days….it takes time, energy and consistency – just like trading. I keep mine on a word doc so I can easily access it ( plus my hand writing is terrible). Hope this tip helps and wishing you good trading!
PS: About low volatility and volume, its a cycle and times of much higher volume and volatility are proably very near…. Continue reading “Keeping a Futures Trading Journal, Economic Reports & Levels 8.28.2014”

Futures Markets Labor Day Holiday Schedule 2014

Posted on by Ilan

Labor Day Holiday Schedule for CME / Globex and ICE Exchanges

All times listed as Central Time

 

 

827

 

 

Regular close-Per each product schedule

More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-labor-day-holiday-schedule.pdf

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe

at +44 800 898 013 or in Asia at +65 6532 5010

 

trans

More Details at: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Futures Algorithms, Economic Reports & Levels 8.27.2014

Posted on by Ilan

Hello Traders,

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

 

I have posted an analysis of coffee futures market ( medium term time frame) at:

 

 

http://experts.forexmagnates.com/coffee-futures-break-fake/

 

In between going back to day trading, I mentioned to clients before that I prefer volume charts, range bar charts and Renko charts for any time frame that is less than 15 minutes. Main reason in few words is that these type of charts can sometimes provide you with a faster signal when there is action in the market and may sometimes filter our “noise signals” when markets are quiet with low volume.
Below you will see my “longer term day trading chart” I use for mini Russell. It is a 36 ticks range bar chart. You will be to view the few signals I got this past few days.

Range Bar Charts:

A Range Bar chart is constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time the bar range (high to low) is equal to some value that you set in preferences.

826

 

826

 

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.

 

 

 

To start your trial, please visit: http://levex.net/trading-algo/

 

 

 

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

 

 

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 2013.92 4092.25 17235 1193.53 83.04
Resistance 2 2008.33 4084.00 17183 1184.27 82.89
Resistance 1 2003.42 4078.25 17140 1179.03 82.78
Pivot 1997.83 4070.00 17088 1169.77 82.63
Support 1 1992.92 4064.25 17045 1164.53 82.53
Support 2 1987.33 4056.00 16993 1155.27 82.38
Support 3 1982.42 4050.25 16950 1150.03 82.27
Contract December Gold Sept.Silver Oct. Crude Oil September Bonds Sept. Euro
Resistance 3 1307.4 19.9 95.34 141 18/32 1.3252
Resistance 2 1299.6 19.8 94.85 141 10/32 1.3233
Resistance 1 1291.2 19.6 94.34 140 28/32 1.3203
Pivot 1283.4 19.4 93.85 140 20/32 1.3184
Support 1 1275.0 19.2 93.34 140 6/32 1.3154
Support 2 1267.2 19.1 92.85 139 30/32 1.3135
Support 3 1258.8 18.9 92.34 139 16/32 1.3105
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 371.9 558.0 1038.83 349.67 33.78
Resistance 2 369.3 557.5 1033.67 347.23 33.49
Resistance 1 367.2 557.0 1030.83 345.37 33.33
Pivot 364.6 556.5 1025.67 342.93 33.04
Support 1 362.4 556.0 1022.8 341.1 32.9
Support 2 359.8 555.5 1017.67 338.63 32.59
Support 3 357.7 555.0 1014.83 336.77 32.43
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 27 2:00am CHF UBS Consumption Indicator 2.06
EUR GfK German Consumer Climate 8.9 9.0
EUR German Import Prices m/m -0.1% 0.2%
10:30am USD Crude Oil Inventories 1.1M -4.5M
Tentative AUD HIA New Home Sales m/m 1.2%
9:30pm AUD Private Capital Expenditure q/q -0.6% -4.2%

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

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.