Futures Trading Levels and Economic Reports for October 1, 2013

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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 1, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Higher volatility as debt ceiling deadline approaches any minute.

Be careful as market is capable of making sharp moves both ways.

Daily chart of the mini SP 500 for your review by clicking on:

https://www.sierrachart.com/image.php?l=13805734952.png

 

ES Daily Chart
ES Daily Chart

Futures Trading Levels and Economic Reports for September 25, 2013

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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 September 25, 2013

Hello Traders,

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.

Crude Oil 18 Ticks Range Bar Charts
Crude Oil 18 Ticks Range Bar Charts

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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.

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Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1713.17 3257.25 15457 1096.87 81.02
Resistance 2 1707.08 3244.00 15413 1088.33 80.88
Resistance 1 1699.67 3229.25 15348 1080.37 80.79
Pivot 1693.58 3216.00 15304 1071.83 80.66
Support 1 1686.17 3201.25 15239 1063.87 80.57
Support 2 1680.08 3188.00 15195 1055.33 80.43
Support 3 1672.67 3173.25 15130 1047.37 80.34
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1356.7 2275.2 105.22 134 18/32 1.3562
Resistance 2 1343.1 2239.3 104.43 133 27/32 1.3542
Resistance 1 1332.8 2204.2 103.88 133 14/32 1.3507
Pivot 1319.2 2168.3 103.09 132 23/32 1.3487
Support 1 1308.9 2133.2 102.54 132 10/32 1.3452
Support 2 1295.3 2097.3 101.75 131 19/32 1.3432
Support 3 1285.0 2062.2 101.20 131  6/32 1.3397
Contract Dec Corn Dec. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 457.7 662.8 1325.67 424.07 42.38
Resistance 2 455.6 660.9 1322.83 420.03 42.32
Resistance 1 452.2 659.6 1317.67 416.17 42.20
Pivot 450.1 657.7 1314.83 412.13 42.14
Support 1 446.7 656.3 1309.7 408.3 42.0
Support 2 444.6 654.4 1306.83 404.23 41.96
Support 3 441.2 653.1 1301.67 400.37 41.84
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 25  2:00am EUR GfK German Consumer Climate 7.1 6.9
8:30am USD Core Durable Goods Orders m/m 1.1% -0.8%
USD Durable Goods Orders m/m 0.0% -7.4%
10:00am USD New Home Sales 422K 394K
10:30am USD Crude Oil Inventories -1.0M -4.4M

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

Futures Trading Levels and Economic Reports for September 19, 2013

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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 September 19, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The FOMC came out and the immediate reaction was very bullish for stocks, currencies (bearish the dollar index) and bonds.

Below is a daily chart of the mini SP 500 for your review with possible targets and support levels for this rally.

EP - E Mini S&P 500, Equalized Active Daily Continuation
EP – E Mini S&P 500, Equalized Active Daily Continuation

 

Continue reading “Futures Trading Levels and Economic Reports for September 19, 2013”

Futures Trading Levels and Economic Reports for September 18, 2013

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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 September 18, 2013

Hello Traders,

For 2013 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. 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 1525.00 with a stop at 1519.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1519.75 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 Trading Levels and Economic Reports for September 17, 2013

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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 September 17, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Big moves took place last night when the markets reopened in reaction to news about Syria, but by the time the markets closed today, most of the markets went back to levels from Friday session, so we are still waiting to see the actual direction for many different markets. I am sure we will see some whipsaw both ways over the next few days.

 

In the field of day-trading, my tip for today is:

 

Try to limit the amount of time you are trying to day-trade as well as try to choose the RIGHT period of time during the day to day-trade.

 

I think the more hours one spends in front of the charts trading, the higher chances one has to be prone for mistakes, frustration and more.

 

The other part is to choose the right period of time in the day for the markets you trade. Different markets have different period of times during the day when they are more active, perhaps more volatile etc.

 

This also has to coincide with your schedule and other constraints.

 

 

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Rollover+ Trading Levels & Economic Reports for Sept. 13th 2013

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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 September 13, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

December is now the front month for stock index futures. The symbol for December is Z, so if you are trading the mini SP you need to start trading ESZ3.

 

Also currencies will switch over to December as of tomorrow, make sure you are careful as currencies can be assigned delivery notice after this Monday.

 

If you have any questions, please contact your broker.

 

 

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Futures Trading Levels and Economic Reports for September 12, 2013

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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 September 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

I was asked today ( and many times before…) what I think are the top two reasons so many traders lose money day-trading?
My answer was ” if I had to pick the top 2 reasons, it would be: 1. Inability to accept losses 2. Over leveraging the already leveraged futures contracts”

Each one of these topics deserves quite a bit of ink but until I expand on each and other factors I believe are contributors, I recommend reading the following:

 

https://www.cannontrading.com/tools/education-8-steps

 

 

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Webinar Invite & Futures Trading Levels and Economic Reports for September 11, 2013

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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 September 11, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Remember to reserve your spot now for tomorrow’s webinar!

I will be sharing my trading screen ( one of them ) tomorrow morning ( Sept. 11th 8:15 Am Central time)  and review some of the set ups I like, different pointers I feel are worthy, the way I set up my charts, thoughts about money management and much more.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/638930314

 

Many of you have asked me in the past about the different indicators I sometimes share in the charts over this blog. During this screen sharing/ presentation I will go over in more details on how I like to use the indicators you see in the chart below ( in this example crude oil chart from today)

18 tick range bar crude oil chart

 

In between the stock index rally continues with the NASDAQ leading the way. Possible target levels along with support levels for your review below in the daily chart of the mini NASDAQ 100.

Emini Nasdaq daily continual, CQG chart

 

 

 

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Webinar Invite & Futures Trading Levels and Economic Reports for September 10, 2013

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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 September 10, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Day-Trading Futures Webinar: Study Trading Set-ups, Methodology, Money Management and More!

Join us for a Webinar on September 11 8:15 AM Central Time 

 

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/638930314

 

Join us for a 90-minute LIVE trading and screen sharing, Wednesday, Sept. 11th at 8:15 A.M., Central Time.
During this presentation, Ilan Levy-Mayer, VP of Cannon Trading and Principal of LEVEX Capital Management will share with you details of his  approach to day-trading futures, he calls “Nazlan Day-Trading Model & Rules.”  For this webinar, Ilan will:

1. Explain his entry signals
2. Review trading size
3. Explain market diversification
4. Review the charts he likes to use for different markets
5. Review his proprietary ALGO’s and trade indicators
6. present exit techniques

And much more…

 

Ilan has over 15 years of experience and has observed many traders as well as assisted many clients with different approaches to trading. He will be answering your questions and sharing as much of his philosophy as time allows. If markets are willing and trade set-ups occur, Ilan will take these set-ups using a real time simulation account and will review these trades.

As a thank you, attendees will receive a 2-week free trial to the day-trading indicators and Algorithms along with a 23-page PDF booklet with chart examples and explanations.

This will be the first of a 4-part webinar series and space is limited!

Reserve your space today at: https://www2.gotomeeting.com/register/638930314

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.

 

Title: Day-Trading Futures Webinar: Study Trading Set-ups, Methodology, Money Management and More!
Date: Wednesday, September 11, 2013
Time: 6:15 AM – 8:00 AM PDT

 

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


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Futures Trading Levels and Economic Reports for September 5, 2013

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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 September 5, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

If you are a client using our TransactAT platform, make sure you have the latest version installed. The current version is 5.5.4

 

If you are running an older version, please download the current one at:www.tfutures.com/download.htm

 

Are you an eSignal user? looking to save on your monthly cost you are paying to receive different quotes/charts from different exchanges? If so, please reply to this email for information on the CME exchange fee waiver.

 

You like the information we share? We would appreciate your positive reviews on Google+ , Facebook, Yelp etc…use the icons below to share, recommend, review us and more!

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