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Category: Futures Broker

The futures market comprises mainly of two players, namely, the hedgers and the speculators. While the former use futures as a safety or protection blanket, the latter is a group of traders who handle the trading accounts of those investing in the futures.

Futures trading can be arisky business that can require guidance and consultancy. Whether you are an individual or a firm, you need to be well-versed with the rules of the game. Futures brokers are always there to help you with advice and help you in matters related to futures trading. A rule of futures trading is that one canonly use those funds that have been termed as risk capital.

We at Cannon Trading help your understanding of the big and small things about futures brokers and trading. Apart from that, we also aid you in making the most out of the market; and, no matter how volatile and risky it is we offer the best advice we possibly can on trading. Under this category of futures broker, we write about the latest and informative articles that you should read to get equipped on the recent events in the futures markets.

New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

We started the new week, right where we left off. With volatile moves in both directions.

I am sharing my daily Dec. mini Russell 2000 chart with you below.. It seems that at times, the Russell 2000 index has been the leader in the moves of the general stock market. We are currently in a very wide range (volatility definitely expands the “bands”) 739 on top and 654 below.

We are currently closer to the bottom level, hence we may see some more upside before we see sellers step back in. In all honesty, I do NOT have a strong feel for the market right now and do NOT have a preferred way of trading it based on swing or overnight time frame. When I do have a better feel or direction, i will be happy to share with you.

You can also sign up for my real time intraday charts service. Continue reading “New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels”

CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

On a different note:

On Friday, September 9, 2011, CME Group will observe the tenth anniversary of the attacks on the World Trade Center. As a result, NYMEX/COMEX markets on CME Globex will observe voluntary moments of silence at: 07:46 CT/08:46 ET, 08:03 CT/09:03 ET, 08:59 CT/09:59 ET and 09:29 CT/10:29 ET. We request that all electronic market participants refrain from trading NYMEX and COMEX products on CME Globex and CME ClearPort during these moments of silence

December mini SP continuous chart for your review below: Continue reading “CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels”

Monthly Job Report May Move the Markets | Support and Resistance Levels

Posted on by Ilan

In this post:
1. Market Commentary
2. Daily Futures Chart for Mini S&P 500
3. Support and Resistance Levels
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

Monthly unemployment is sure to move the market tomorrow morning…the big question is which way and to be honest , I have no idea…..

i am getting mixed signals from the chart perspective and there is a case both for the bulls and the bears.

The bulls need to hold above 1183.00 and break above 1215.75

The bears need to break below 1183.00 to have a shot at the 1142.50 level.

I am sure we can see wild and wide swings when the report comes out tomorrow morning before cash open and through out the trading session as large traders will try to square their positions ahead of the long, Labor day weekend.

When is doubt, stay out until you have a clearer picture of what you think the market will do.

See the Labor Day Holiday Trading Hours at our weekly newsletter.

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2. Support and Resistance Levels!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1246.43 2300.75 11865 758.03
Resistance 2 1237.22 2282.25 11785 746.57
Resistance 1 1220.73 2252.50 11635 728.53
Pivot 1211.52 2234.00 11555 717.07
Support 1 1195.03 2204.25 11405 699.03
Support 2 1185.82 2185.75 11325 687.57
Support 3 1169.33 2156.00 11175 669.53

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1853.5 1.4510 91.43 140 25/32
Resistance 2 1843.5 1.4444 90.66 139 4/32
Resistance 1 1835.4 1.4356 89.74 138 11/32
Pivot 1825.4 1.4290 88.97 136 22/32
Support 1 1817.3 1.4202 88.05 135 29/32
Support 2 1807.3 1.4136 87.28 134 8/32
Support 3 1799.2 1.4048 86.36 133 15/32

Continue reading “Monthly Job Report May Move the Markets | Support and Resistance Levels”

Futures Trading Levels, Proceed With Caution – Live to Trade Another Day

Posted on by Ilan

To add to such high volatility, we will have FOMC tomorrow morning.

THESE ARE NOT NORMAL MARKET CONDITIONS TO SAY THE LEAST.

If you normally trade 4 lots, I suggest you trade 1 contract or even just stay out of the market.

If you normally trade 50 lots, you may want to reduce your trading size to 10 lots.

Yes, the wide range provide many opportunities but they also provide the risk of getting your account wiped out.

SURVIVE TO TRADE ANOTHER DAY…..

When markets trade with such high volatility, one must understand the enviroment one is trading in, which is quite different from the environment of few weeks ago.

Ranges are wider, speed is faster and volume is higher. You must take that into account, adjust your trading accordingly and make sure that you set limits as far as your daily risk is concerned and don’t allow one trade or one trading day to wipe your trading account.

WITH THE INCREASING DAILY RANGES, IT WOULD BE WISE TO VISIT THE FOLLOWING LINK AND STAY UPDATED ON DAILY LIMIT MOVES, JUST IN CASE:

>>>Daily Limit Moves from the CME Group (.pdf)

>>>Daily Limit Moves from The ICE (.pdf)

LAST BUT NOT LEAST, WEEKLY CHART OF MINI RUSSELL 2000 FOR LONGER TERM VIEW:

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Continue reading “Futures Trading Levels, Proceed With Caution – Live to Trade Another Day”

Futures Trading Levels, Trade Support and Decision Model: Diamond Algorithm

Posted on by Ilan

Cannon Trading / E-Futures.com

Many of you have been to my “daily webinars” or saw some screen shots with the DIAMONDS indicators etc..

Many of you have asked if these indicators/models are available as a software or available for different markets during different times.

I can now tell you that it is available as a tool that you can use on your own, at your own convenience and time for different markets and different time frames.

I like to share with you what I believe is a GREAT trade support and decision model. The model which can be used as a mechanical buy/sell trigger as well as an aid while day-trading and/ or SWING trading the markets is available for free trial.

I have developed this model which is a family of studies and the “DIAMOND” algorithm. I have spent over 2 years developing this model and now I have made them available through Sierra / AT charts for a free trial.

If you are a Cannon Trading client, the cost after the two week trail is $119 per month which can be deducted from your account. If you are not a client the cost is $299 per month.

The Diamond ALGO package provides signals and also can be used as a “GPS” for trading methodology. It is accompanied by a 23 page manual which explains the set ups, risk management, model philosophy and much more.

I hold a webinar once a week where I review and share my set ups. I have been told by subscribers that this model/”GPS” tool is one of the best they have seen and they have compared it to services and software packages that can cost much more.

Below are two signals from June 2011, the first chart is an intraday chart of the crude oil market, the second chart is a daily chart of Natural Gas.

Intraday Chart of Crude Oil from June 17th 2011

Crude Oil Trading chart levels for Friday June 17th, 2011

Daily Chart of Natural Gas June 17th 2011

Natural Gas trading chart levels for Friday June 17th, 2011

The Diamond ALGO and indicators family, can be applied to any market at any time frame!

To get started simply send me an email and if you are a client please include the following:

  1. What trading platform you are using?
  2. Who is the broker you are working with here at Cannon?
  3. If you have sierra or ATcharts, what is your user name?

If you are NOT a client of Cannon, please share the following:

  1. What trading platform you are using?
  2. markets you trade?
  3. What charts you are using?
  4. If you have sierra or ATcharts, what is your user name?

Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Continue reading “Futures Trading Levels, Trade Support and Decision Model: Diamond Algorithm”

Futures Trading Levels, 10-Year S&P Cash Index Chart

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great weekend and successful trading month in May.

Since it is a new month, I thought it would be appropriate to share a monthly chart of the SP500 CASH INDEX for much longer term prospective….. Continue reading “Futures Trading Levels, 10-Year S&P Cash Index Chart”

Futures Trading Levels and Economic Reports for February 18, 2011

Posted on by Ilan

Daily chart of crude oil for your review below:

S&P500 daily trading levels February 18

Life After Mini SP – Day Trading Crude Oil Futures “Buying the Fear, Selling the Greed”

Join us for a Webinar on February 23

Space is limited.
Reserve Your Webinar Seat Now at: https://www2.gotomeeting.com/register/477215826 Continue reading “Futures Trading Levels and Economic Reports for February 18, 2011”

Futures Trading Levels and Economic Reports for February 11, 2011

Posted on by Ilan

I like the way tomorow’s date looks like …2-11-11 so decided to share a MONTHLY chart of the SP 500 index, more for “fun”, “change” than anything specific…

SP-500-Day-Trading-2011-02-11.png Continue reading “Futures Trading Levels and Economic Reports for February 11, 2011”

Futures Trading Levels and Economic Reports for February 10, 2011

Posted on by Ilan

Good article to read on our weekly newsletter:

https://www.cannontrading.com/community/newsletter/ Continue reading “Futures Trading Levels and Economic Reports for February 10, 2011”

Futures Trading Levels and Economic Reports for February 9, 2011

Posted on by Ilan

Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….

Some examples:

  1. Ability to take losses and know not every trade will be a winner and not every day will be a winner

  2. Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….

  3. The confidence to stay in winning trades and the discipline to get out of losing trades

  4. Allowing trades some time to work

  5. Not getting down on yourself for “could have should have etc”

  6. Understandings that sometimes, you can do everything right and still have a losing trade. It is simply part of trading.

  7. Being a hard worker and keeping a journal after certain trading days. Being  a hard worker in putting time and effort learning new approaches, set ups before deciding if its worthy or not. I WILL SAVE THIS LITTLE LIST AND ADD TO IT AS DAYS PROGRESS. Continue reading “Futures Trading Levels and Economic Reports for February 9, 2011”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.