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.
For 2013 I would like to wish all of you discipline and patience in your trading!
Make sure you are aware of the revised economic reports schedule, example: tomorrow we will have monthly unemployment figures for Sept. since this report was not released when it was suppose to because of the shut down. As far price forecast, tough to tell. Market been going up more than a few days in a row and is due for pullback, the questions is: when and how much higher can it go before pulls back…..
Revised release schedule for US economic data delayed by govt shutdown
Fri, 18 Oct 2013 12:57 PM ESTMonday 10/21:
EIA Weekly Petroleum Inventories (postponed from prev week)Tuesday 10/22:
Employment Report – Change in Non-Farm Payrolls/Two-Month Payroll Net Revision/Unemployment Rate; Change in Household Employment/Average Hourly Earnings; Average Weekly Hours/Underemployment Rate/Labor Force Participation Rate (Sept)
EIA Weekly Natural Gas Inventories (postponed from prev week)Wednesday 10/23:
U.S. Import and Export Price Indexes (Sept)
EIA Weekly Petroleum InventoriesThursday 10/24:
Job Openings & Labor Turnover Survey (Aug)
EIA Weekly Natural Gas Inventories
Tuesday 10/29:
PPI; PPI Ex-Food/Energy (Sept)
Wednesday 10/30:
CPI; CPI Ex-Food and Energy; CPI Core Index (Sept)
Real Earnings (Oct)
Friday 11/8:
Employment Report (Oct)
WASDE
Tuesday 11/19:
Employment Cost Index (Q3)
**Thus far it appears all data will be released at their normal posting time.
For 2013 I would like to wish all of you discipline and patience in your trading!
As most of you know, for short term trading I like to use volume charts, range bar charts and Renko charts.
I have shared some set ups in previous posts and will continue to do so.
For example, I like to use 18 ticks range bar charts for crude oil and 6 ticks range bar charts for mini SP.
Here is a little more on Range bar charts, courtesy of CQG.com which is my main charting/execution software followed by sierra charts:
Range Bar (RB)
A Range Bar chart is a non-time-based chart constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time a trade occurs outside of the previous bar’s stated price range, which you set in preferences.
For 2013 I would like to wish all of you discipline and patience in your trading!
A note, mostly to prospects, as I think most of our clients are already trading on the most suitable platform for their needs, but if you are not a client yet …
We now offer pretty much ANY trading platform out there, including NINJA ZEN FIRE.
So if you have a specific platform in mind OR if you are a NINJA user and would like to see what I consider superb service and added value, visit our website and specifically the NINJA page.
For 2013 I would like to wish all of you discipline and patience in your trading!
Big upside move today in stock index futures.
The big question is : is this buy the rumor, sell the fact? is this just a relief rally on news that lack much substance?
The future will answer our question but in between anyone’s speculation can be right or wrong….
I think in the shorter term we need to see which is the path of least resistance first, the 1694 area or the 1681 level. We will probably get an answer to that tomorrow. Then we need to see the wider bands and what type of price action we get….Trading is definitely NOT an easy thing but if any of you found ways to make it easier, please share and I will try to spread the word!
EP – E-Mini S&P 500, Equalized Active Daily Continuation
For 2013 I would like to wish all of you discipline and patience in your trading!
Short and to the point article written by my colleague, www.JimWyckoff.com
Educational Feature: Dealing With Losing Trades
(Note: This feature is a favorite of mine, and I believe all traders need to address this issue every once in a while.)A main tenet of success in futures trading is the ability to accept losing trades as part of the overall trading process. This is not an easy undertaking–especially since many futures traders tend to be of a more competitive nature in the first place. Traders certainly don’t have to enjoy losing trades, but they must accept the fact and move on. Those who can’t accept the fact that losing trades are a part of futures trading usually don’t stay in the business very long.My wife is a school teacher, and one of her favorite acronyms–ADM–can be applied to losing futures trades. “Accept” it. “Deal” with it. “Move” on. (This is a part of the important psychological aspect of trading, and deserves much more discussion than I can provide in this feature.)I had lunch with one of my trading mentors a while back. We discussed losing trades. I asked my mentor how many losing trades in a row he has had to endure during his long and successful trading career. His reply was 13 in a row. I asked him how he coped with that. He said that while it was certainly not easy, he knew that losing trades are a part of the business and that he was in the business “for the long haul,” and that his trading methodology was sound. He added, “Ninety-percent of futures trading profits are made on 10% of the trades, which means most of the other trades are either small losers or break-even-type trades.” This is an important fact for all traders to keep in mind.My lunch meeting with my mentor was good for me because, even though we made no “break-through” discoveries on the path to increased futures trading success, we did reaffirm our own philosophies on trading and markets. My passion for trading and market analysis is fed immensely every time I talk with people in my profession, or attend the quality trading seminars.For many of you, the futures trading arena can be more fulfilling (and more fun) if you have someone, or some support group, with which to share your thoughts and strategies. If you are passionate about futures trading and markets, finding someone who shares that passion is a great trading tool within itself!That’s it for now. Next time, we’ll discuss another important issue on your path to trading success.
For 2013 I would like to wish all of you discipline and patience in your trading!
Stock indices broke down over last few days as Govt. shut down is in affect. One never knows what type of reaction we will get once the shut down is over or when this will be.
ENQ – E-Mini S&P 500, Equalized Active Daily Continuation
For 2013 I would like to wish all of you discipline and patience in your trading!
I wrote this one before about different markets traders may want to look at for day trading or what I call “Day-Trading life outside of the mini SP”
Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
I will try over the next few blogs to shed some light on other markets i think are suitable for day-trading along with what is unique about these markets, personality and most active trading hours.
Today I am going to start with interest rates, mostly the ten year and 30 year.
In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes. The current front month is December which is Z. So ZBZ3 for example.
Product Symbol
ZB
Contract Size
The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof
Price Quotation
Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.
Product Symbol
ZN
Underlying Unit
One U.S. Treasury note having a face value at maturity of $100,000.
Deliverable Grades
U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
Price Quote
Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.
Tick Size
(minimum fluctuation)
One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
Contract Months
The first five consecutive contracts in the March, June, September, and December quarterly cycle.
These contracts are often affected by many of the economic reports that come out at 8:30 Am Eastern and there is very active volume between the hours of 8 am EST and 3 PM EST
Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day ( might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.
These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.
Follow these two markets in demo mode for a while if you have not traded them before and get a feel for the movement, reaction to reports, execution etc.
If you have any questions, feel free to contact me.
Below is a 3 tick range bar chart of the US bond market or what i refer to as the 30 year bonds ZBZ3 from today
30 Year US T-Bonds
Would you like to have access to the DIAMOND and TOPAZ and 5T 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 the ALGO is enabled along with few studies for your own sierra/ ATcharts. The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.
For 2013 I would like to wish all of you discipline and patience in your trading!
Erratic moves across the board today. Personally was a tough trading day, getting stopped out on lows/ highs of different moves and not being able to get in synch with the markets.
The main advice I can provide during times when certain news affect the market like now is that no trade is better than a bad trade and being extra picky on entry points and trade selection is even more important in times like these.
Wishing all of you an excellent trading month in October!
For 2013 I would like to wish all of you discipline and patience in your trading!
Today’s two sided volatility in crude oil futures fitted my trading model/philosophy well.
Below is a screen shot from today along with the different signals.
If you like a free trial to this ALGO along with the PDF document I created, which explains the set ups ( AND have not had the trial before…) then follow instructions below the chart.
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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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 herein 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.
