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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.

Trading Levels and Reports for December 4, 2012

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday December 4, 2012

 

Hello Traders,

Daily chart of the mini Russell 2000 below for your review. If I can see a break below 815, it will confirm for me a possible short you see appearing on the chart in the form of the red diamond.

Wishing all of you a great trading month in December!

mini russell 2000

 

Trading Levels and Reports for November 30, 2012

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday November 30, 2012

 

Hello Traders,

If you are trading metals (gold, silver), financials (ten years, bonds etc.) or grains (wheat, corn, beans etc.), please keep in mind that the December contract is going into DELIVERY and you must be out of December and start trading the March contract (for most markets)

Please contact me with any questions.

 

This DOES NOT apply to stock indices ( mini SP 500, mini Russell etc.) or currencies which still have a couple of weeks and I will send a separate update.

 

Trading Levels and Reports for November 29, 2012

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday November 29, 2012

 

Hello Traders,

I wrote on yesterday’s blog:

below is a daily chart of the mini SP. So far it looks to me like we are still in a range. I would look to buy on short term basis around 1385 and be a seller around 1405.

 

I wish I could be right like that every day…..

(-:

What’s next?

Here is an updated daily chart of the mini Russell 2000, which seems to be leading the indices group as of lately. The TF closed right against immediate resistance with the next band of resistance coming at 825-829 levels

 

 

Trading Levels and Reports for November 28, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday November 28, 2012

 

Hello Traders,

Little more volume today in stock index futures along with bit wider ranges.

 

Below is a daily chart of the mini SP.  So far it looks to me like we are still in a range.  I would look to buy on short term basis around 1385 and be a seller around 1405.

 

Be aware of the market environment you are in. Last few days we have witnessed “holiday type trading”, with lower volume, slower market and counter trend moves intraday. Just being aware of this can help you while day-trading.

 

es daily continuation chart

Trading Levels and Reports for November 27, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday November 22, 2012

 

Hello Traders,

Market came back from Thanksgiving Holiday very FULL AND SLOW…low volume, narrow range and not much action as far as day traders are concerned.  I hope we see “normal” volume and wider trading bands tomorrow.

 

Significant news last week regarding for traders of the E-Mini S&P 500 (ES), YM (Mini-sized Dow), NQ (E-Mini NASDAQ-100) and EMD (E-Mini S&P MidCap 400) –as of Sunday, November 18, 2012 the close of the CME Globex for electronically traded equity index futures contracts will change from 4:15 p.m. US/Eastern to 5:15 p.m. US/Eastern. Your broker will most likely cancel any orders you have that are not filled by 5:15 p.m. US/Eastern. This time change will affect your day trading starting Monday, November 19.

* There will be a 15-minute halt in electronic trading from 4:15 p.m. to 4:30 p.m. US/Eastern

* Trading for equity index contracts listed on CME Globex will resume at 4:30 p.m. US/Eastern for the same trade date for 45 minutes, closing at 5:15 p.m. US/Eastern. This includes Fridays, meaning that the end of the trading week on CME Globex also will be changed to 5:15 p.m. US/Eastern

* CME Globex trades that take place during the 4:30 p.m. – 5:15 p.m. US/Eastern time frame will be subject to the daily settlement prices calculated at 4:15 p.m. US/Eastern (i.e., settlement times will not change).

* Trading of equity index contracts on CME Globex will be closed from 5:15 p.m. – 6:00 p.m. US/Eastern.

* Trading re-opens at 6:00 p.m. US/Eastern on CME Globex (Sundays-Thursdays) for the new trade date.

These changes to CME Globex hours coincide with the implementation of daily price limits on equity index contracts (switching from quarterly price limits, pending regulatory review). Daily price limits will be applied each day starting at 6:00 p.m. US/Eastern. The changes are designed to harmonize CME products with the underlying markets at U.S. stock exchanges, which will adopt daily price limits on February 4, 2013, in accordance with updated market-wide circuit breaker rules.

* Trading re-opens at 6:00 p.m. US/Eastern on CME Globex (Sundays-Thursdays) for the new trade date.

* The Reference price for daily price limits for the next trade date will be calculated based on the 4:00 p.m. US/Eastern futures prices.

* The width of the equity index futures price limit band will be based on the underlying cash equity index.

* The daily limits will be published on the CME Group website prior to the CME Globex open at 6:00 p.m. US/Eastern.

* CME Globex trading hour changes are effective for both U.S. and international equity index futures and options.

Here is the official announcement from the CME
And a helpful table from the CME

 

Trading Levels and Reports 11-21-2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday November 22, 2012

 

Hello Traders,

Trading Levels & Economic Reports for  Thanksgiving

 

Hello Traders,

This is the last blog until Monday Nov. 26th.

Please take note of holiday trading hours below:
CME Globex® Thanksgiving Holiday Schedule
CME Group Equity Products
 Wednesday, Nov 21
1615 CT – Regular CME Globex close for trade date Wednesday, Nov 21
1700 CT – Regular CME Globex open for trade date Friday, Nov 23
Note: Day/Session orders entered after 1700 CT on Wednesday are for trade date Friday, Nov 23 and will continue working until Friday’s close at 1215 CT
Note: USD- Ibovespa Futures will remain closed until their 0515 open on
Thursday, Nov 22
Thursday, Nov 22
1030 CT – Trading halt
* Order entry, modification and cancellation allowed
1700 CT – Equity products resume trading
Note: USD- Ibovespa Futures will remain closed until their 0515 open on
Friday, Nov 23
Friday, Nov 23
1215 CT – Early CME Globex close for trade date Friday, Nov 23
For complete schedule of all markets please visit:

CME Group Thanksgiving Schedule

ICE Exchange Thanksgiving Schedule

 

Wishing all of you a great Thanksgiving holiday with family and loved ones!

 

Trading Levels and Reports for November 21, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday November 21, 2012

 

Hello Traders,

 If you are an “emini trader” please read the below notice.  The short version of the message below is as follows:

 

Until now, 3:15 PM  Central time was the cut off and was considered the end of the day for margin purposes. As of this Sunday, 4:15 PM Central time is considered the end of the day for all purposes including day-trading margins. Please read below and let me know if you have any questions.

Effective this Sunday, November 18 for trade date Monday, November 19, electronic trading hours on CME Globex for equity index futures and options, including the e-mini S&P 500, e-mini Dow ($5), e-mini NASDAQ 100, and other contracts, will be changed to the following:

 

All Times Listed in Central Time (CT)

* Monday-Friday: 5:00 p.m. the previous day – 4:15 p.m.
* There will be a 15-minute trading halt from 3:15 p.m. – 3:30 p.m.

Please note: For all applicable contracts affected by the new trading session times, any trades done before the 4:15 p.m. end of trading session will be considered same business day trades. Any contract that is held in customer accounts at the 4:15 p.m close will require full exchange margin. Any trades done after the market reopen at 5:00 p.m. will be considered next day’s business. Also, all of these products will now end at 4:15 p.m. on Fridays, as opposed to the previous close time of 3:15 p.m.

 

Trading Levels and Reports for November 20, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday November 20, 2012

 

Hello Traders,

Divergence; A trading tool you can begin using immediately in your own trading

Join us for a Webinar on November 20

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/616488538

 

The terms ‘divergence’ and ‘convergence’ have been around in the trading sphere for years, but do you know how to properly read these indicators and more importantly, can they help you make better trading decisions?
Join Greg Weitzman founder and president of TheTradingZone as he dissects and reveals how to effectively use divergence in your own trading. For every indicator there is a right way and a wrong way to use them, and ways to  help improve their reliability.
This is a one hour free educational webinar, you will leave with tools and setups you can start using immediately in your own trading.
Register early as Greg is known to draw a crowd and space is limited
As a bonus, all attendees will also get

1. a 30 day demo account from Cannon Trading with our live, advanced charting package that Greg will be using during the webinar
2. a 7 day pass to the Live Trading Room

 

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.

Title: Divergence, A trading tool you can begin using immediately in your own trading
Date: Tuesday, November 20, 2012
Time: 1:30 PM – 2:30 PM PST

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Mac®-based attendees
Required: Mac OS® X 10.5 or newer

Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet

Trading Levels and Reports for November 16, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday November 16, 2012

 

Hello Traders,

I have been “playing around” , testing renko charts for day trading set ups and find them intriguing enough to spend some more time studying renko charts along with some indicators I like for different day-trading set ups.

Below you will see two screen shots from today’s session. Both use Renko charts

Renko-Chart-1-minute-miniS&P

 

Renko-Chart-1-minute-miniRussell2000P

 

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 two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

To start your trial, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

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?

 

Reports and Trading Levels for November 15, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday November 15, 2012

 

Hello Traders,

I mentioned last week ( Nov. 7th blog) that the next target on the ES is 1358. Today we met this target and then broke and CLOSED below it.

 

What next? I wish I had a crystal ball to predict but I don’t….however based on technical tools and statistics my speculation is that we will head towards the 1332 level. That being said, I do think that we are oversold at this point and can see a strong short covering bounce at any time. Daily chart for your review below:

es daily

 

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.