Futures Trading Levels and Economic Reports for Novemeber 9th 2010

We started out the week with slow trading day and narrow range on stock index futures.

I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not sufficient enough to confirm a good probability of a correction. However, while the probability for down move is not big, the risk reward with a stop above the previous high is not bad….

SP-500-Day-Trading-2010-11-09

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for Novemeber 9th 2010”

FOMC Sparks True Futures Market Reaction, November 4th 2010

FOMC came and gone. market had its normal volatile two sided action but finished on the highs.

I have said this before, many times you can see the “true market reaction” the day after FOMC.

Tomorrow and Friday (monthly un-employment figures) should be interesting and perhaps volatile trading days. Continue reading “FOMC Sparks True Futures Market Reaction, November 4th 2010”

Daily Futures Day Trading Webinar and Futures Trading Levels for November 2nd 2010

Two day FOMC starts tomorrow along with preliminary election news. Should provide for some interesting action in the second part of the trading week.

In between I still don’t see a longer term or a medium term swing trading set up I like, hence I currently focus on intraday set ups which I share in my daily “live charts/ webinar” service.

Daily Futures Day Trading Webinar:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Daily Futures Day Trading Webinar and Futures Trading Levels for November 2nd 2010”

Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010

Stocks finished pretty much unchanged today, which brings me to another point….

There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.

However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other

characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.

As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.

FREE Trial for the Day-Trading Charts Service:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
************************************************************* Continue reading “Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010”

Free Day Trading Webinar Trial, October 18th 2010

Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.

Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)

Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.

For a Free Day Trading Webinar Trial Please Visit:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Free Day Trading Webinar Trial, October 18th 2010”