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.
Employment figures ( or lack of…) tomorrow will finally either push this market higher into a new range or send it back lower.
Some FIB levels to watch for in either case in the mini SP chart below.
Continue reading “Unemployment Rate Friday October 8th to Give Market Direction”
Commentary will resume tomorrow.
Continue reading “Futures and Commodity Trading Levels for October 6th 2010”
Not an easy market to read right now in my opinion.
It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127.
This Friday monthly unemployment levels will be watched closely.
If the market breaks below 1127, it has a chance of picking some more speed to the downside.
On the flip side, bulls will need to see new highs in order to get back in control of price action.
Daily chart with some price levels to watch for your review below:
Continue reading “Commodity Trading Levels for October 5th 2010”
I wish all of you a great trading month in October.
If the first trading of October is an indication for the rest of the month, than October should be an interesting month….
Currently there is a case for both the bulls and the bears.
Bull camp needs to see a close above 1150 while bear camp needs to see a break below 1125. In between it is an open game for moves in both directions.
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”