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.
I wish all of you a great futures trading month in October.
The saying for day-traders in October should be: NO TRADE IS BETTER THAN A BAD TRADE
For your review, monthly chart of the Dow Jones Cash Index below.
Continue reading “Monthly Chart of Dow Jones Industrial Average, Oct 1st, 2010”
I wanted to share some of today’s activity we had in the daily webinar service I hold. The “webinar” is a service I offer, where I share mostly the mini SP chart but also other markets like Euro currency, Crude Oil and Mini Russell.
In the webinar I display my charts, trading indicators, trading algorithm, trade management philosophy, risk management and more.
Some days i also provide live trading examples using my demo, like I did today.
Below you will see a segment from today’s webinar where the DIAMOND algorithm provided us with more than several trade set ups for 2 mini SP points each time.
For free trial and more information, visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals
( NO REPEAT TRIALS )
Our short “trigger” of 1123 basis Dec. SP500 did not materialize and kept us out of a short swing position, so far for a good reason. I will keep watching for what I call price confirmation over the next couple of days.
On a different note, if you like to view my intraday chart of the mini SP 500, euro currency ( as in the screen shot below from today’s session) and sometimes other markets, along with my intraday buy and sell set ups, trading concept, money and trade management please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals
( NO REPEAT TRIALS )
Daily chart of Mini SP below. As I mentioned last week, I got a couple of potential “sell signals” and the market only gave us a small decline if that. What is being referred to as “divergence”. Well…I got one more potential for market retracement.
This time the SP will have to drop below 1123 in order for me to enter a short swing position. I call it price conformation. Meaning I would like to see price action confirming my technical speculation. FIB levels on the chart will be used to determine potential targets, stops etc.
Continue reading “Price Levels for Futures Trading, September 28th 2010”
I got two “false” sell signals before this last one….I think the fact that we went through the first FIB level gives this short swing trade higher chances of being correct with initial target of 617.10.
Since NONE of us have a crystal ball, one always has to calculate the proper stop or risk allocated for the trade and see if it makes sense based on ones account size, risk tolerance etc.
For this specific one, I would conclude that my short trade is wrong if we trade above 660.
Continue reading “617.10 is Initial Target for FIB Level for Futures Trading, September 24th 2010”
FOMC is behind us. Mixed reaction from the market and many times the real direction will show the next day, so tomorrows price action is important to watch. My indicators suggest that as long as we can hold the 1115 level, we still have a shot at more upside move. However a break below 1115 on mini SP along with continued upside in bond market may suggest temporary top. Time and price will tell.
Continue reading “Watch for Price Action the Day After FOMC, September 22nd 2010”
FOMC tomorrow around 2:15 Eastern time. Even before that we will start the day with some important housing 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. I am including 5 minutes chart from August 10th of this year, which was the last FOMC we had for your reference. Continue reading “FOMC to Provide Futures Trading Market with Direction, September 21st, 2010”
I wrote yesterday:
“Looks like 1122 should be a decision level based on the chart below.”
Well very similar comments today…… looks like 1122.75 should be decision level if we are to break upside, while 1105.75 to 1109.25 is the support to watch. Chart for your review below.
Continue reading “1122.75 Will be Decision Level to Break Upside, September 15th 2010”
December is now the front month for stock indices, currencies, financials and many other markets.
You should not be trading any September contracts.
Chart of Mini SP 500 for your review below ( December continuous chart)
Have a great weekend!
Continue reading “Futures Stock Indicies Have Officially Rolled Over, September 13th 2010”
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 9th at 8:30 am Chicago time from the September 2010 contract to the December 2010 contract. The month code for December is ‘Z’. It is recommended that all new positions be placed in the December contract as of Thursday’s trade date. Please close any open September Currencies positions by the close on Friday the 10th. Should you have any further questions please contact your broker.
Continue reading “Future Stock Indices Due for Rollover, September 10th, 2010”