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.
Cannon Trading / E-Futures.com
May crude contracts rose 83 cents, or 0.8%, to reach $107.91 a barrel on the futures trading floor of the NYMEX after starting the day off negative. Gasoline contracts for May delivery lost 1 cent, or 0.3%, to reach $3.23 a gallon.
This and other news stories may be found at the Cannon Trading News Center Continue reading “Futures Trading Levels, Feature: the Cannon Trading News Center”
Cannon Trading / E-Futures.com
The following is taken from a guide I have written that helps subscribers to my daily chart service. You can have a 2 week free trial to the daily live charts service along with buy/sell triggers and get the full guide along with chart examples, rules and much more by signing up at:
Cannon Trading Inc. Day Trading Webinar
General Notes:
At any given day, one must understand the trading environment that specific day has to offer and adjust their trading style accordingly. In our case it relates more to the size of stops and target based on volatility. Some days the market gives us many opportunities; some not as much; and some days it provides us with mostly risks…….take what the market gives you and not what you want it to give…..
I think if a trader understands early enough what type of trading day it is, he or she can choose which tools from the webinar are most suited for that days trading. If one can do that successfully (which is not easy), I think that is half the battle.
Not taking a trade is better than a bad trade.
My opinion is that there are 3 main types of trading days.
Continue reading “Futures Trading Levels, Types of Trading Days”
Cannon Trading / E-Futures.com
Hourly chart of mini SP 500 for review below. price action in the last hour of trading today was bearish so it will be interesting to watch the 1300 level ahead of tomorrows session. Continue reading “Futures Trading Levels, Bearish Actions in Today’s Trading”
Cannon Trading / E-Futures.com
Big push up today on stocks but less than average volume.
Daily chart below of the mini SP 500 shows that 1310.50 is the 76.4% FIB retractment level, which I have noticed many times to be the pivot of corrections. So price action around this level will be important to watch. A break below 1297 may suggest that this bounce is just a bounce….Futures will tell…..and in our business the future is some times measures in hours, minutes even seconds…. Continue reading “Futures Trading Levels, The FIB Retractment Level is the Pivot of Corrections”
Cannon Trading / E-Futures.com
Hourly chart of mini SP500 for your review below.
As we head into tomorrows session I will be watching to see how price action behaves around 1274.50 and/ 1261.50 depending where we will visit first maybe even during the overnight session.
I will be watching for strength/weakness, follow through and momentum in order to decide on which way to approach this market on Friday. Continue reading “Futures Trading Levels, Mini SP500 Chart and No Economic Reports”
Cannon Trading / E-Futures.com
We published our weekly newsletter with examples of different CHART PATTERNS for your review at:
https://www.cannontrading.com/community/newsletter/
Continue reading “Futures Trading Levels, Weekly Newsletter Reviews Chart Patterns”
Cannon Trading / E-Futures.com
We are NOW TRADING JUNE FOR INDICES< EMINIS and CURRENCIES!!!
Heads up to international traders – this Sunday US changed clocks to daylight savings time.
FOMC tomorrow and before that more than a few economic numbers.
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.
My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility duirng first couple of hours as well. Continue reading “Futures Trading Levels, March FOMC Statement”
Cannon Trading / E-Futures.com
We are NOW TRADING JUNE FOR INDICES< EMINIS and CURRENCIES!!!
Heads up to international traders – this Sunday at 2:00am the U.S. is changing to daylight savings time. Continue reading “Futures Trading Levels, Rollover and Daylight Savings”
Cannon Trading / E-Futures.com
We are NOW TRADING JUNE FOR INDICES< EMINIS and CURRENCIES!!!
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 10th at 8:30 am Chicago time from the March 2011 contract to the June 2011 contract. The month code for June is ‘M1’.
It is recommended that all new positions be placed in the June contract as of Thursday’s trade date.
Please close any open March Currencies positions by the close on Friday the 11th.
Continue reading “Futures Trading Levels, March Contracts Rollover”
Cannon Trading / E-Futures.com
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 10th at 8:30 am Chicago time from the March 2011 contract to the June 2011 contract. The month code for June is ‘M1’.
It is recommended that all new positions be placed in the June contract as of Thursday’s trade date.
Please close any open March Currencies positions by the close on Friday the 11th.
Should you have any further questions please contact your futures broker. Continue reading “Futures Trading Levels, March to June Rollover Notice”