Weekly Newsletter: The Rising Wedge Trading Pattern + Levels for June 17th

Cannon Futures Weekly Newsletter Issue # 1154

 

Join our private Facebook group for additional insight into trading and the futures markets!

Have a safe Memorial Day Weekend. Trading Schedule HERE

In this issue:

  • Important Notices – FX Trading Contest
  • Trading Resource of the Week – Trading Pattern: Rectangle Trading
  • Hot Market of the Week – August Live Cattle
  • Broker’s Trading System of the Week – ES Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – FX Trading Contest

Participate in the upcoming Currency Cup: FX Trading Challenge where you’ll trade our suite of highly liquid benchmark FX contracts in a risk-free environment while competing against other traders for the chance to win cash prizes.
Learn how to trade FX futures and options
Through participation in our challenge, you’ll receive daily exclusive educational videos where you’ll learn about the key benefits of trading FX futures contracts.
Trade the world’s leading currencies
Competition Dates
Starts:
Sunday, July 23 at 5:00 p.m. CT / 22:00 UTC
Ends:
Friday, July 28 at 12:00 p.m. CT / 17:00 UTC
Prize Details
Overall Leaderboard
First Place Prize: $2,500
Second Place Prize: $1,500
Third Place Prize: $850
 This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), United Arab Emirates (UAE), Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
*Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.
41ec770a 8e29 4c21 8bc4 91352f8d6af7
  • Trading Resource of the Week – : Rectangle Trading Pattern

By Joe Easton, Senior Broker
Formation:
  •    This pattern is defined as price coming into a tight range between support and resistance
  •    This pattern is a continuation pattern. If the trend was up it will continue up and down it will continue down
  • Typically, volume is lower through this period of consolidation.

c6684340 0632 4e53 b735 5b96a0c00d07

Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!
7f5127d2 77f2 465c abfa 6620343c116b
In the examples above the range is creating a rectangle pattern in an uptrend. Ideally this pattern breaks higher without breaking lower support. If lower support is broken this pattern would no longer be a rectangle.
How to Trade:
The ideal entry is toward the bottom of the rectangle support. If entered on this line your stop should be below support. Price should bounce off support 2 to 3 times to be confident support is present.
The more conservative entry would be when the resistance in the rectangle is broken. This can happen very quickly and needs to be timed more accurately. The lower support line then becomes your stop. You could also make the resistance line become your stop.
When price breaks out you can measure the width of rectangle and project the price to move from the breakout that same distance at a minimum.
Summary:
Rectangles patterns exist in low volume consolidation in both uptrends and downtrends. Price corrects in two ways, time and price. This would classify more as a time correction considering price stays relatively consistent. Once price closes above the resistance you can expect the price to not retrace back into the rectangle. If there is a false breakout, the continuation is less likely to occur. Generally, if you are able to spot a rectangle you can expect the price trend to continue.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this chart are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
August Live cattle Is extending its rally into new highs where the chart is taking aim at its low percentage fourth upside PriceCount to the 183.30 area. This objective is consistent with the weekly chart High established last month it should be enough to satisfy this phase of the bull market.
PriceCounts – Not about where we’ve been , but where we might be going next!
07092a4c 100d 4b88 bc5e 562afd1b5bdd
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$12,000
COST
USD 130 / monthly
713dea43 10f3 4a71 8d5c 770c5c53b881
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
  • Trading Levels for Next Week

Daily Levels for July 17th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Would you like to receive daily support & resistance levels?
Yes
S
No
S

Weekly Levels

13b26629 c123 4256 96ba e7c28ba7777e

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
84cc8a39 88a1 4506 86a3 40f5de6cd24f

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.

 

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.

Level 1 and Level 2 quotes – Trading levels for June 21st

Get Real Time updates and more on our private FB group!

 

Fed. Chair, Powell will be testifying in congress tomorrow. Expect volatility during the speech.

Quick video on the difference between TOP of the BOOK ( level 1 ) and Level 2 quotes below

Depth of Market, #DOM, Live Futures Quotes, Futures Trading platform, E-Futures,  CME market data subscription, Real time data, Bids,  Offers, #CME, #NYMEX, #COMEX, #CBOT

 

Quick video on Projecting possible targets when trading futures below!

Projecting possible targets when trading futures

 

Plan your trade and trade your plan. 

 

3b644da2 2bee 4d39 8d98 5208a20bec39

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 06-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Economic Reports, Source: 

Forexfactory.com

0a0c6598 41cf 44eb 892e 2b015810b6af

 

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 here in 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 judgement in trading.

Weekly Newsletter 1150: Projecting Targets, Juneteenth Hours + Levels for June 19th/20th

Cannon Futures Weekly Newsletter Issue # 1150

 

Join our private Facebook group for additional insight into trading and the futures markets!

Have a safe Memorial Day Weekend. Trading Schedule HERE

In this issue:

  • Important Notices – Juneteenth Holiday Hours
  • Trading Resource of the Week – Trading 101 Video: Where are my Targets?
  • Hot Market of the Week – July Oats
  • Broker’s Trading System of the Week – NEW Crude Oil Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

    • Important Notices – Juneteenth Holiday Hours
    Monday, June 19, 2023 US bank will be closed in observance of Juneteenth. There will be no money transactions Wires, ACH, Internal transfer and or currency conversion.

 

Trading Resource of the Week –

Projecting Possible Price targets
By Ilan Levy-Mayer, VP
Watch the video below to get an idea on how to use Fibonacci extensions along with candle sticks to project possible price targets.

 

Projecting possible targets when trading futures

Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
July Oats finally stabilized their slide last month and then activated upside PriceCount objectives on the correction higher. Chart is satisfied its first count to $3.81 where it would be normal to get a near-term reaction in a form of consolidation or corrective trade. If you can sustain for the strength from here, the second count would project the possible run to the $4.10 area
PriceCounts – Not about where we’ve been , but where we might be going next!
99456ee3 2430 4b72 8a2c 995aa8fd61bf
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
Crude Oil
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$10,000
COST
USD 140 / monthly
8610b5e7 c216 4975 a4db 67d27b2c3f70
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
  • Trading Levels for Next Week

Daily Levels for June 19th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Would you like to receive daily support & resistance levels?
Yes
S
No
S

Weekly Levels

c03c313d 6740 40e3 ba77 97c12c897374

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
a65d8dda 692e 4c4a 9e8a 4254bce04586

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.

 

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.

Fed Pause Rates, ECB Tomorrow + Levels for June 15th

Get Real Time updates and more on our private FB group!

 

Don’t take anything for granted:

By Mark O’Brien, Senior Broker

It’s a big week for financial markets and their related futures contracts with interest rate decisions from three major central banks coming one after another: the U.S. Federal Reserve (which just decided not to raise rates for the first time in eleven months), the European Central Bank and the Central Bank of Japan.

 

The Bank of Canada hiked rates last Wednesday to a 22-year high of 4.75%, having held rates steady since January.  The day prior, Australia’s central bank raised rates by a quarter point to an 11-year high and warned of further tightening ahead.

 

One of the take-aways from last week’s surprise rate increases in Canada and Australia and today’s first-time respite by the Fed.: don’t take anything for granted.

 

Economies around the world are experiencing disparate inflation trajectories compared to others – including the U.S. – and their central bank’s efforts to getting inflation down have started to deviate somewhat.  Financial and other futures markets, ever reacting to uncertainty – often overreacting – may become even more challenging arenas within which to trade.

 

This is pretty clear set-up to submit again the usefulness of trading options – either in combination with your futures trading or exclusive of it.  Trading options offers a near limitless range of risk/reward scenarios to take on, from that on par with straight futures trading to substantially less to absolutely limited.  And because options are valued in part by their ever-decaying lifespans, they offer another component to a trade’s outcome: time value.

 

If you think options aren’t for you, consider one sector’s growth in this area in the last recent years: equity index options.  Options in the E-mini S&P 500 and E-mini Nasdaq continue to see strong growth in participation and volume as market participants are increasingly turning to the them as part of their trading – and talk to your broker at Cannon Trading Co. for more information.

See below the ADV ( avg. daily volume) for NQ and ES

E-mini S&P 500 Options Annual ADV

E-mini Nasdaq-100 Options Annual ADV

Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.

  Volume in the June contracts will begin to drop off until their expiration next Friday, June 16th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any June futures contracts through 8:30 A.M., Central Time on Friday, June 16th, they will be offset with the cash settlement price, as set by the exchange.

The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

Watch the video below on how to rollover your market depth and charts!

thumbnail?url=https%3A%2F%2Fi.vimeocdn

 

Plan your trade and trade your plan. 

 

3b644da2 2bee 4d39 8d98 5208a20bec39

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 06-15-2023

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Economic Reports, Source: 

Forexfactory.com

47ac13af 0d4a 4469 a1fa bc80bfb46edc

 

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 here in 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 judgement in trading.

Nasdaq Futures Brokers: Cannon Trading Company, E-Futures.com, and E-mini.com

Find out more about Nasdaq Futures here.

Nasdaq futures, also known as futures on the Nasdaq index, are an essential tool for investors and traders looking to gain exposure to the performance of the Nasdaq stock exchange. These futures contracts allow market participants to speculate on the future direction of the Nasdaq Composite Index, which comprises primarily technology and growth stocks. In this article, we will delve into the services provided by three prominent Nasdaq futures brokers: Cannon Trading Company, E-Futures.com, and E-mini.com.

  1. Cannon Trading Company: Cannon Trading Company is a well-established futures brokerage firm that has been in operation since 1988. With a solid reputation and extensive experience in the industry, they offer a range of services to cater to the needs of both individual and institutional traders. As an authorized member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC), Cannon Trading Company ensures a reliable and compliant trading environment for its clients.
  2. The company provides access to Nasdaq futures contracts through various trading platforms, including popular options like CQG, TT, and Rithmic. These platforms offer advanced charting tools, real-time market data, and efficient order execution capabilities. Cannon Trading Company also provides personalized customer support, enabling traders to receive assistance from experienced professionals whenever needed. Additionally, they offer educational resources such as webinars and market analysis to help traders stay informed and make well-informed trading decisions.

  3. E-Futures.com: E-Futures.com is a comprehensive online futures trading platform that caters to a diverse range of traders, including those interested in trading Nasdaq futures. The platform is user-friendly and provides access to a wide array of markets, including stock index futures, commodity futures, and forex futures. E-Futures.com offers direct access to the most liquid markets, ensuring efficient trade execution for its clients.
  4. Traders can access Nasdaq futures through the E-Futures.com trading platform, which provides real-time market data, customizable charts, and advanced order types. The platform is compatible with various devices, including desktops, laptops, and mobile devices, allowing traders to stay connected and monitor their positions on the go. E-Futures.com also offers a demo account for traders to practice and familiarize themselves with the platform before committing real funds.

  5. E-mini.com: E-mini.com specializes in providing traders with access to E-mini futures contracts, including E-mini Nasdaq futures. E-mini futures are smaller-sized contracts that offer cost-effective exposure to the broader market indices. As the Nasdaq futures index is one of the most widely traded stock index futures, E-mini.com offers an attractive option for traders looking to trade this particular market.

The E-mini.com platform is designed to provide traders with a seamless trading experience. It offers real-time market data, advanced charting capabilities, and a range of order types to suit different trading strategies. The platform also provides access to historical data and market analysis tools, allowing traders to perform in-depth technical and fundamental analysis. Additionally, E-mini.com offers competitive commission rates and low account minimums, making it accessible to traders of all levels.

In conclusion, Nasdaq futures brokers such as Cannon Trading Company, E-Futures.com, and E-mini.com play a crucial role in facilitating trading in Nasdaq futures contracts. These brokers provide traders with efficient platforms, access to real-time market data, and valuable educational resources. Whether you are an experienced trader or just starting, it is essential to choose a reliable and reputable broker that aligns with your trading goals and preferences.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Commodity Brokers in the Futures Industry in the United States with Large Platform Selections

Learn more about commodity trading here.

Commodity brokers play a crucial role in the futures industry, facilitating the trading of various commodities such as agricultural products, energy resources, metals, and financial instruments. These brokers act as intermediaries between traders and the exchanges where futures contracts are bought and sold. In the United States, a number of commodity brokers offer their services, providing traders with access to a wide range of markets and investment opportunities. Some notable names in the industry include Cannon Trading and e-Futures, which are renowned for their large platform selections.

Cannon Trading is a well-established commodity broker that has been serving clients in the futures industry for several decades. With its extensive experience, Cannon Trading offers a comprehensive range of services and products to meet the diverse needs of traders. One of the key advantages of working with Cannon Trading is its large platform selection. They provide traders with access to multiple trading platforms, including popular ones like CannonPro, E-Futures International, and CQG. These platforms are equipped with advanced features and tools that enable traders to execute trades, analyze market data, and manage their positions efficiently.

e-Futures is another prominent commodity broker known for its robust platform selections. They understand the importance of technology in today’s fast-paced trading environment and offer traders a wide array of platforms to choose from. Whether it’s CQG, Rithmic, or CTS T4, e-Futures ensures that traders have access to the platforms that suit their trading style and preferences. These platforms offer real-time market data, customizable charts, and order execution capabilities, empowering traders with the necessary tools to make informed trading decisions.

The availability of a diverse range of platforms is highly beneficial for traders in the futures industry. Each platform may have its own unique features, user interface, and capabilities, allowing traders to select the one that aligns with their specific trading strategies. For instance, some platforms may excel in providing advanced technical analysis tools, while others may focus on speed and order execution. By having access to a variety of platforms, traders can explore and compare different options to find the most suitable one for their needs.

Moreover, large platform selections offered by commodity brokers provide traders with access to a wide range of markets. The futures industry covers numerous commodities, including agricultural products like wheat, corn, and soybeans, as well as energy resources such as crude oil and natural gas. Additionally, there are futures contracts available for metals, financial instruments, and currencies. Each market has its own unique characteristics and trading dynamics. Therefore, having a broker with a large platform selection ensures that traders can easily access and trade across multiple markets, diversifying their portfolios and taking advantage of various opportunities.

In conclusion, commodity brokers in the United States play a vital role in the futures industry, connecting traders with the exchanges and providing them with access to various markets. Brokers like Cannon Trading and e-Futures have gained recognition for their extensive experience and large platform selections. These platforms offer traders advanced features, tools, and customization options, enabling them to execute trades and manage their positions effectively. The availability of diverse platforms also allows traders to explore different options and find the one that suits their trading strategies. With the support of these brokers and their platform selections, traders can navigate the futures industry with confidence and take advantage of the opportunities it presents.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

How to Trade: A Step-by-Step Guide to Trading S&P 500 Futures with Cannon Trading Company

Read more about Trading S&P 500 Futures with Cannon Trading Company here.

 

Trading S&P 500 futures with Cannon Trading Company is a straightforward process that involves a few key steps. This guide is a step-by-step breakdown of how to trade S&P 500 futures with Cannon Trading Company. By following these instructions, you will be able to start your S&P 500 futures trading journey. Let’s get started!

Step 1: Open an Account The first step is to open an account with Cannon Trading Company. Visit their website and navigate to the account opening section. Fill out the required information, including personal details, contact information, and any other requested documents. Once you have completed the application, submit it for review.

Step 2: Fund Your Account After your account is approved, you will need to fund it. Cannon Trading Company provides various funding options, such as wire transfers, electronic funds transfers, and check deposits. Choose the method that works best for you and transfer the desired amount to your trading account. Ensure that you comply with any minimum funding requirements specified by Cannon Trading Company.

Step 3: Choose a Trading Platform Cannon Trading Company offers advanced trading platforms to facilitate your S&P 500 futures trading. Explore the available platforms and choose the one that suits your preferences and trading needs. The platforms may include features such as real-time market data, customizable charts, technical analysis tools, and order types. Download and install the selected trading platform onto your computer or access the web-based platform if available.

Step 4: Familiarize Yourself with the Platform Before you start trading, take some time to familiarize yourself with the trading platform. Explore the different features and tools it offers. Learn how to navigate through the platform, access market data, analyze charts, and execute trades. Cannon Trading Company may provide tutorials, user guides, or webinars to assist you in understanding the platform’s functionality. Take advantage of these educational resources to gain confidence in using the trading platform.

Step 5: Conduct Market Analysis Performing market analysis is essential to make informed trading decisions. Analyze the S&P 500 futures market using both fundamental and technical analysis. Fundamental analysis involves assessing economic indicators, corporate earnings reports, and news events that may impact the S&P 500 index. Technical analysis, on the other hand, focuses on analyzing price patterns, trends, and indicators to predict future price movements. Utilize the tools and resources provided by Cannon Trading Company, such as market reports and analysis, to enhance your understanding of the market.

Step 6: Develop a Trading Strategy Based on your market analysis, develop a trading strategy for S&P 500 futures. Determine your trading objectives, risk tolerance, and preferred trading style. Decide on the types of trades you will make, such as day trading, swing trading, or position trading. Define your entry and exit criteria, as well as your risk management rules. A well-defined trading strategy will help you make consistent and disciplined trading decisions.

Step 7: Place a Trade Once you have identified a trading opportunity based on your strategy, it’s time to place a trade. Open the trading platform provided by Cannon Trading Company and log in to your account. Select the S&P 500 futures contract you wish to trade. Specify the quantity (number of contracts) and the order type (market order, limit order, or stop order) based on your trading strategy. Double-check the details of your trade, including the contract specifications and order parameters, before submitting the trade.

Step 8: Monitor and Manage Your Trade After executing your trade, it is important to monitor it closely. Keep an eye on price movements, market conditions, and any news or events that may impact the S&P 500 futures market. Depending on your trading strategy, you may have predefined exit points or profit targets. If the market reaches your predetermined exit point or target, consider closing the trade. Alternatively, you may choose to adjust your stop-loss orders or take partial profits as the trade progresses.

Step 9: Review and Analyze Your Trades Regularly review and analyze your trading performance. Assess the outcomes of your trades, identify strengths and weaknesses in your strategy, and make any necessary adjustments. Learn from both successful and unsuccessful trades to improve your trading skills over time. Cannon Trading Company may provide trade history reports and performance analysis tools to assist you in evaluating your trades.

Step 10: Continuous Learning and Improvement Trading S&P 500 futures is an ongoing learning process. Stay updated with market news, economic releases, and changes in market conditions. Continuously educate yourself through books, articles, webinars, and other educational resources. Engage with the trading community to share insights and learn from experienced traders. Strive for continuous improvement in your trading skills and adapt to the ever-changing dynamics of the S&P 500 futures market.

Trading S&P 500 futures with Cannon Trading Company can be a rewarding endeavor if you approach it with the right mindset, knowledge, and discipline. By following these step-by-step instructions and incorporating sound trading principles, you will be on your way to becoming a successful S&P 500 futures trader. Remember to always trade responsibly and manage your risk effectively.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

DisclaimerTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Order Flow Webinar + Futures Trading Levels 6.07.2023

Get Real Time updates and more on our private FB group!

 

Webinar: Order Flow Trading Platform

Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT

Show in My Time Zone

In this webinar, we’ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.

Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolSys’s core features

• Order Flow and it’s pullback bar

• How to use Advances T&S

• How to use Advanced DOM

• Delta Filter Bars to identify Strength/weakness

• Where are the big traders/ orders?

Attendees will receive a FULLY functionable demo with live data!!

SPACE is LIMITED, so reserve your space now!

https://attendee.gotowebinar.com/register/3653796317657144918

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

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 when it comes to Futures Trading.

Futures Trading Levels

for 06-07-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

cf38b342 bb9e 42a8 9731 b22d0b9e5b4b

 

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 here in 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 judgement in trading.

10 Qualities to Look for In a Futures Trading Platform

Learn about futures trading platforms offered by Cannon Trading Company here.

When it comes to futures trading, choosing the right platform is essential for success. With so many futures trading platforms available, it can be difficult to know which one to choose. In this article, we will explore some of the key characteristics to look for when choosing a futures trading platform.

  1. Reliability
    Reliability is one of the most important characteristics to look for when choosing a futures trading platform. The platform should be able to handle large volumes of trading activity without experiencing slowdowns or crashes. The last thing you want is to have your trades disrupted by technical issues with the platform.

    Before choosing a futures trading platform, make sure to research the platform’s reliability. Look for reviews from other traders, and check the platform’s uptime and response times during periods of high trading activity.

  2. SecuritySecurity is another critical characteristic to look for when choosing a futures trading platform. The platform should have robust security measures in place to protect your personal and financial information. Look for platforms that use encryption to protect your data and two-factor authentication to secure your account.

    It’s also important to choose a platform that is regulated by a reputable regulatory authority. This will help ensure that the platform operates within legal guidelines and is held accountable for any misconduct.

  3. User-Friendly Interface
    A user-friendly interface is essential for traders who want to make informed decisions quickly. The platform should be easy to navigate, and the trading tools and resources should be intuitive and accessible. Look for platforms that offer customizable dashboards and trading tools that can be tailored to your needs.
  4. Range of Markets
    The range of markets available on a futures trading platform is another important factor to consider. Look for platforms that offer a wide variety of futures contracts, including agricultural, energy, metals, interest rates, and equity indexes. The more markets available, the more opportunities you’ll have to diversify your portfolio and find profitable trades.
  5. Trading Tools and Resources
    Trading tools and resources are essential for traders who want to make informed decisions. Look for platforms that offer real-time market data, research and analytics, order types, trading APIs, and risk management tools. These tools can help you analyze the markets, identify trends, and execute trades with precision.
  6. Low Fees
    Low fees are important for traders who want to maximize their profits. Look for platforms that offer low commissions, margin rates, and transaction fees. However, it’s important to keep in mind that low fees may come with trade-offs, such as limited trading tools or resources.
  7. Customer Support
    Customer support is another critical characteristic to look for when choosing a futures trading platform. The platform should offer reliable customer support that is available 24/7. Look for platforms that offer multiple support channels, such as phone, email, and live chat, so you can get help quickly if you run into any issues.
  8. Mobile Trading
    Mobile trading is becoming increasingly popular among traders who want to stay connected to the markets while on-the-go. Look for platforms that offer mobile trading apps that are user-friendly and offer the same trading tools and resources as the desktop platform. This will allow you to monitor your trades and execute orders from anywhere at any time.
  9. Education and Training
    Education and training are essential for traders who want to improve their skills and stay up-to-date on the markets. Look for platforms that offer educational resources, such as webinars, tutorials, and articles, that can help you learn the basics of futures trading and develop advanced trading strategies.
  10. Demo Account
  11. A demo account is a useful tool for traders who want to test the platform and practice trading strategies without risking real money. Look for platforms that offer demo accounts that simulate real trading conditions. This will allow you to familiarize yourself with the platform and test your strategies in a risk-free environment.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Futures Trading Brokers of Cannon Trading Company

Futures Trading Brokers

Read more about trading through a Cannon Trading Company futures trading broker here

When it comes to futures trading, having the right broker on your side can make all the difference. At Cannon Trading Company, you’ll find a team of seasoned futures trading brokers who have been in business for a while and have a wealth of experience and knowledge to share. In this article, we’ll take a closer look at the benefits of working with a seasoned futures trading broker and how Cannon Trading Company’s team of brokers can change your outlook on trading commodities and futures.

  1. Experience and Knowledge:
    One of the primary benefits of working with a seasoned futures trading broker is their experience and knowledge. Cannon Trading Company’s team of brokers has years of experience in the industry and has worked with a variety of clients, from individual traders to institutional investors. This experience allows them to provide clients with sound advice and guidance, helping them to navigate the complex world of futures trading.

    In addition to their experience, Cannon Trading Company’s brokers have a wealth of knowledge about the markets and the factors that can affect commodity prices. They stay up-to-date on the latest market trends and news, and they use this information to provide clients with informed recommendations on trades.

  2. Personalized Service:
    Another benefit of working with a seasoned futures trading broker is the personalized service they provide. Cannon Trading Company’s brokers take the time to understand their clients’ goals, risk tolerance, and trading styles, and they tailor their recommendations accordingly. They work closely with clients to develop trading strategies that are specific to their needs and objectives, and they provide ongoing support and guidance throughout the trading process.
  3. Execution:
    Cannon Trading Company’s team of brokers is known for their efficient execution of trades. They have a proven track record of executing trades promptly and at the best possible prices, and they use advanced trading technologies to ensure that clients’ orders are filled quickly and accurately.
  4. Transparency:
    Transparency is an essential quality of a good futures trading broker, and Cannon Trading Company’s brokers are committed to providing clients with clear information on fees, commissions, and other costs associated with trading. They are upfront about any conflicts of interest that may arise in their dealings with clients, and they are always available to answer clients’ questions and concerns.
  5. Risk Management:
    Effective risk management is critical in futures trading, and Cannon Trading Company’s brokers understand this. They work closely with clients to develop risk management strategies that are tailored to their specific needs and objectives. They provide clients with guidance on position sizing, stop-loss orders, and other risk management techniques, helping them to minimize their exposure to market volatility.
  6. Education:
    Finally, Cannon Trading Company’s brokers are committed to educating their clients about the futures markets. They offer a variety of educational resources, including webinars, tutorials, and trading guides, to help clients improve their trading skills and make informed decisions about their trades. They also provide clients with regular market analysis and commentary, helping them to stay up-to-date on the latest market trends and news.

    Working with a seasoned futures trading broker can change your outlook on how to trade commodities and futures. Cannon Trading Company’s team of brokers possesses the experience, knowledge, and personalized service needed to help clients succeed in the futures markets. They are transparent, efficient, and committed to providing clients with the guidance and support they need to make informed trading decisions. If you’re looking for a futures trading broker that can help you achieve your trading goals, consider working with Cannon Trading Company.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.