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Category: Futures Exchange

No matter how much time and attention you pay to the details of future trading and futures exchange, sometimes it can get difficult to understand what these things are. Otherwise also known as futures markets, a futures exchange is where people trade future contracts.

This contract is to buy certain specific quantities of a certain commodity and/or a financial instrument. Another thing about the futures exchange is that the contracts traded on it are always standardized. And, there are a number of elements that define the standardization of the contract. There is a list of futures exchanges or futures markets that you must read about before entering the futures exchange.

We at Cannon Trading are there to help you understand and assist in matters related to futures markets. Apart from our expert traders and brokers who can be reached at any time, our online knowledge base helps you get all the information possible on the latest about futures markets in different parts of the world. So, in order to be better informed, read through all the blogs in this category archive.

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

Posted on by Cannon Operations

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.

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.

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

Posted on by Cannon Operations

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.

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.

The Week Ahead + 04.04.2023 Trading Levels

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

The Week ahead by John Thorpe, Senior Broker

Primarily labor department data.

A big Note, BIG.. Good Friday is the same day as the Non Farm Payrolls release

The cash equities will be closed but the Futures will be open for the report and only 45 minutes after!

That’s right, just 45 minutes for the market to absorb the jobs data.

NonFarm Payrolls will be released @ 8;30 ET and the market is closing @ 9:15 ET until a Sunday night reopen

The bonds will be open until 10.15ET

 

The focus in the April 3 week will be on labor market data, just how tight employment remained at the end of the first quarter 2023 and what that means for the economic outlook and monetary policy.

Note that April 7 – Good Friday – is not a federal holiday in the US. However, there is an early close at 2:00 ET that day for the capital markets; the stock market will have a full close.

The February JOLTS report at 10:00 ET on Tuesday It will almost certainly show the number of people voluntarily quitting a job is declining as the imbalances in the labor market improve.

The ADP national employment report for March at 8:15 ET on Wednesday should indicate where private payrolls are growing. tech companies and some financial services may be weaker. Also important to note will be if wage growth is easing up.

The Challenger report for March at 7:30 ET on Thursday will highlight the sectors where layoffs announcements are taking place. In recent months it has been the tech sector that has dominated the story, but the February report hinted that layoffs are becoming more broad-based due to deteriorating business conditions.

The employment situation for March at 8:30 ET on Friday is expected to show that payrolls continued to rise at a healthy pace, although not as quickly as in January and February. March payrolls can be tricky to seasonally adjust due to the timing of spring breaks for various school systems and the Easter/Passover observances.

 

Plan your trade and trade your plan. 

 

Good Friday Hours for this Friday Below:

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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 04-04-2023

#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

 

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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 #1128: March Wheat Analysis, Trading During Economic Guide & Futures Trading Levels 1.09.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1128

 

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

In this issue:
  • Important Notices – Make 2023 great!
  • Trading Resource of the Week – Trading Around Economic Reports FREE COURSE
  • Hot Market of the Week – March Wheat
  • Broker’s Trading System of the Week – CIRUS ST58 EUROFX KASE
  • Trading Levels for Next Week
  • Trading Reports for Next Week

    • Important Notice – New year’s Trading Schedules

Make it a great 2023! Stay disciplined, educate yourself and utilize our FREE valuable resources.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
  • What is GDP?
  • About the Retail Sales Report
  • What is NFP ( non farm payroll) Report?
  • Understanding US housing Data
  • FOMC
  • Understanding Oil Data Report
  • Importance of Consumer Confidence Survey
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      • 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.
        PriceCounts – Not about where we’ve been , but where we might be going next!

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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.
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With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this week.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$12,000
COST
USD 90 / monthly
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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 January 9th, 2022

Daily 1.09

Weekly Levels

Weekly 1.09

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
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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

WYNTK before trading tomorrow, Sept. 27th Futures Trading Levels, Reports & More!

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

WYNTK for the Week of September 26th…

Tuesday is going to be an extremely busy day for FED Speak! and early too! The EARLY Kickoff begins at 3:30 am ET and again at 6:15 am ET for Chicago Fed Chair Charles Evans. To be followed by Jerome Powell Fed Chair at 7;30 am ET BEFORE MARKET OPEN. James Bullard will also be presenting @ 9:55 am ET. We can throw into the mix a few economic data releases as well. Durable goods orders will be released at 8;30 am ET some housing data at 9am and consumer confidence , new home sales at 10amET., Money supply released at 1PM ET this should all make for a volatile Tuesday session, please adjust your trading size accordingly.. On Wednesday the 28th we have more speeches from Fed members Bostic, Bullard, Powell and Bowman 8:35 am ET, 10:10 am ET, 10:15am ET and 11am ET respectively. Advance international trade in goods will be released @ 8:30am ET, these should all keep the energy in the markets moving. Thursday the 29th we get the all important GDP, the third iteration of the 2nd quarter number with a consensus range of -7%- -5% quarter over quarter annual rate, a deviation from this consensus may be enough to shock market direction in a very short period of time.. then jobless claims should also effect the market direction, Both will be issued at 8:30 am ET . and Finally, for Friday, the equity markets will need to unwind a bit before the weekend, but first it will need to digest Personal Income and Outlays; this report is released at 8:30 am ET with 2 more fed speakers ,Barkin and Brainard at 8:30 am and 9:30 am Respectively. Make it a solid week and remember to plan your trade and trade your plan!

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

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

09-27-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Selling Future Options Premium

Posted on by Ilan

Futures Options Writing

 

Have you ever wondered who sells the futures options that most people buy? These people are known as the option writers/sellers. Their sole objective is to collect the premium paid by the option buyer. Option writing can also be used for hedging purposes and reducing risk. An option writer has the exact opposite to gain as the option buyer. The writer has unlimited risk and a limited profit potential, which is the premium of the option minus commissions. When writing naked futures options your risk is unlimited, without the use of stops. This is why we recommend exiting positions once a market trades through an area you perceived as strong support or resistance. So why would anyone want to write an option? Here are a few reasons:

  1. Most futures options expire worthless and out of the money. Therefore, the option writer is collecting the premium the option buyer paid.

 

  1. There are three things that happen to the underlying price of the option: Price goes up, goes down or stays the same. If when the option expires, the market price was at or below your strike price you collect all the premium if two of those things happen Time decay is the option writer’s friend.

 

  1. The writer believes the futures contract will not reach a certain strike price by the expiration date of the option. This is known as naked option selling.

 

  • To hedge against a futures position. For example: someone who goes long cocoa at 850 can write a 900 strike price call option with about one month of time until option expiration. This allows you to collect the premium of the call option if cocoa settles below 900, based on option expiration. It also allows you to make a profit on the actual futures contract between 851 and 900. This strategy also lowers your margin on the trade, and should cocoa continue lower to 800, you at least collect some premium on the option you wrote. Risk lies if cocoa continues to decline, because you only collect a certain amount of premium and the futures contract has unlimited risk the lower it goes. So you should trade with a stop on the futures contract. You can read on different strategies using options on futures here:

 

https://www.cannontrading.com/tools/education-futures-options-trading-101

 

Cannon offers SPAN margins for options sellers.

Many brokers will restrict or increase the margins required for options sellers, or traders who like to “collect premium”, but here at Cannon we can find you the best set up utilizing the multiple clearing arrangements we have with more than a few FCMs.

How much margin is required to sell a futures option?

That is a question we get asked often. The exact number is an output of SPAN margins. SPAN deserves a post on its own, but what it stands for is: Standard Portfolio Analysis of Risk. The formula takes into consideration volatility, time value, distance of strike price from current underlying future, and more.

Outright options may be easier to “guesstimate” margin than more complex strategies and spreads, but our free platform, E-Futures Int’l (https://www.cannontrading.com/software/e-futures-international )has a margin calculator built in so you can calculate the margin you will need for different strategies.

Commission for selling options on futures?

Commissions will vary based on the following:

Are you trading online or with a broker?

Trading volume

Account size

Risk responsibility.

The rates for selling options will vary from as low as $0.25 per side + fees for HIGH VOLUME, institutional accounts to $30 per side + fees for retail, broker assisted accounts.

 

Selling options is NOT for newcomers as it involves higher risk than buying options.

However, selling options and trading option spreads may offer an edge if done with proper risk management. No guarantees are made here.

Our strength at Cannon is our ability to offer CUSTOMIZED trading solutions, so contact a broker at:

https://www.cannontrading.com/company/contact

and learn more about risks and opportunities in futures trading (https://www.cannontrading.com/riskopportunity), what software you can use, consult with a broker on margin, commissions and strategy questions and much more!

 

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 Videos+ Trading Levels for June 4th

Posted on by Ilan

______________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels, Range Bars and more!
Watch the latest trading videos we have posted and shared with our clients!
In this week’s newsletter we are sharing two videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
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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.

 

Futures Trading Levels

06-03-2019
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Economic Reports, source: 

bettertrader.co
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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.

Futures Levels & Economic Reports for 7.17.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 17, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 In the last few days we witnessed “summer trading” with low volume which encouraged me to share the following with you on the different types of trading days:

  • In my opinion there are 3 main types of trading days.

1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.

2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.

3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
    1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
    5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

Continue reading “Futures Levels & Economic Reports for 7.17.2014”

Martin Luther King Futures Trading Schedule

Posted on by Ilan

 

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Monday, January 21 is Martin Luther King,  Jr. Day.  CME Group, The ICE Exchange and other U.S.exchanges observe this U.S.recognized holiday. Open outcry markets, markets traded by CME Group / CME Globex, The ICE Exchange and other electronic markets observe different opening and closing times, depending on markets traded.  Opening and closing times are also affected on days prior to the holiday.

 

The following link will take you to the Globex Martin Luther King Holiday Schedule, including for CME & CBOT equity products, interest rate & FX products, NYMEX & COMEX products, CBOT, KCBT, grain & agricultural products and others (PDF file):

 

http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-martin-luther-king.pdf Continue reading “Martin Luther King Futures Trading Schedule”

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”

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.