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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.

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”

Higher Market Volatility During Labor Day Weekend | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports
4. Highlighted Earnings Releases

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1. Market Commentary

Next two days are full of economic reports and ahead of Labor Day weekend.

I expect even higher volatility the next two trading days.

Wishing you a great trading month in September.

Our weekly newsletter, includes a good article on volume/ open interest along with Holiday Trading Hours.

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. Continue reading “Higher Market Volatility During Labor Day Weekend | Support and Resistance Levels”

Futures Trading Levels, Next Leg: Up or Down?

Posted on by Ilan

Stock indices are consolidating for the last 3 sessions, trading between 1176 and 1207 on the mini SP 500.

The fact that the consolidation is taking place after a big move down and on lesser volume suggests to me that we are about to see another big move. My guess is that if we break below 1180 on the way down, the next big leg is lower and if we break above 1212 then the next big leg will be towards the 1280 region. Only time will tell if my speculation is correct. In the mean time, know the time frame you are trading, the risk you are willing to take, calculate probabilities and risk / reward and then once you have planned your trade, trade your plan. And yes, I know, it is much easier said than done…..

Daily Mini SP500 chart for your review below with the levels I mentioned above

Daily Futures chart of the Mini S&P 500 from August 17th, 2011

Daily Futures chart of the Mini S&P 500 from August 17th, 2011

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. Continue reading “Futures Trading Levels, Next Leg: Up or Down?”

Futures Trading Levels, Our Daily Web Service Webinar as an Educational Tool

Posted on by Ilan

Cannon Trading / E-Futures.com

As I mentioned before, I hold a daily service where I share my intraday charts in real time with my indicators, set ups and much more.

If you are interested to see what it looks like, you can now scroll or watch the entire 30 minutes video below from a trading session of Thursday May 19th. I hope it provides a better example of what the service is and if interested, you can sign up for a free trial.

Free trial of the Live Web Trading Webinar.

Click here to watch the 30 minute video.

Have a great weekend!! Continue reading “Futures Trading Levels, Our Daily Web Service Webinar as an Educational Tool”

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”

Futures Trading Levels and Economic Reports for January 8, 2011

Posted on by Ilan

Thought the quick article below is definitely worth sharing.

Costly hiccups – do YOU have any?

by RealityTrader.com

Continuing our mini-series devoted to trading psychology, let’s look into another very common problem traders encounter.

One of the most frequent questions I get: “OK, I seem to have mastered a lot, I can extract money from the markets and I have stretch of winning days BUT… one day comes when I seem to be unable to follow my own rules, I start doing everything against what I learned, dig deeper and deeper hole… and when the day is over I find myself giving back all I made in a week before that! I feel groggy… then I remember everything I learned, pick myself up, glue pieces together, start trading carefully, start making money… only to have another blow-off just like the previous one in a week or two! What’s going on, why can’t I control myself and how do I avoid these frustrating days??”

If all above sounds familiar – it should. I haven’t met many traders who avoided this problem. Good news is, it’s a somewhat good problem to have since it appears at the stage where your method is good enough and mastered well enough so you are able to make money consistently inbetween those disgusting days. Bad news is, there is no other way to overcome this problem but to understand the root of it. This, however, is true for all psychological barriers we encounter in trading – no magic button to push and turn the problem off, have to understand where the problem stems from so you can recognize it when it re-appears and apply the right patch. And this problem is pure psychological – after all, what could change so drastically on the fifth day after four days of winning? Aside of your own behavior that is.

Vadym is the author of Techniques of Tape Reading (McGraw Hill 2003), How to Scalp Any Market (2005) and Master Profit Plan (2005). Vadym is a frequent featured speaker at International Trader’s Expos and Financial Forum Conferences.

He is the founder of RealityTrader.com, a hands-on training company, working with a global community of individuals to achieve high levels of trading success.

Vad is a professional trader and an international private trading mentor responsible for turning around the trading careers of thousands of trader. He has also published articles and interviews in industry magazines, corporate product newsletters and trading forums Continue reading “Futures Trading Levels and Economic Reports for January 8, 2011”

Futures Trading Levels and Economic Reports for February 7, 2011

Posted on by Ilan

I personally find more “true market behavior” now days in markets like gold, Euro, crude oil and others versus stock index futures. It seems that quantitative easing (QE) has took out the fear factor from stock index futures….or maybe when traders all think that way that is when market sentiment changes?

I am not sure…in between, if you would like to see what my intraday charts, set ups and signals look like for Crude oil, Euro and mini SP, please sign up at:

Screen shot sample from few weeks ago below ( red diamonds = suggested sell, blue diamonds = suggested buy):

SP-500-Day-Trading-2011-02-07 Continue reading “Futures Trading Levels and Economic Reports for February 7, 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.