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Category: Futures Trading

Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.

In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!

Daily Mini S&P Chart | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Wednesday, November 16 2011

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1. Market Commentary


Stock index futures are in consolidation stage, trading between 1185 and 1289 since Oct. 18th (over100 points which is still a very WIDE range but nonetheless compare to the moves we have seen since this summer, I will consider it a range).

Before I can take a stance over medium to longer term price action, I will need to see if we can either take out 1204 or 1289. In between, the intra-day ranges provide both opportunities and risks for day-traders.

My tiny wisdom tip for today is: Your biggest battle as a day-trader is probably BEING selective in the trades you take, being patient ( which can be hard for many traders) and executing the plan you have once in a trade. Work on this every trading day, try to make small progress, keep a journal.

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Continue reading “Daily Mini S&P Chart | Support and Resistance Levels”

Dealing with Losing Trades | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Educational Feature: Dealing With Losing Trades
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday November 3, 2011

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Real Time Day Trading Signals Service | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Real Time Day Trading Signals Service
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday November 3, 2011

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1. Real Time Day Trading Signal Service

Your GPS to the Futures Market

Would you like access to intra-day charts with signals like the one below?

real time day trading signals service

We invite you to a free two week trial of our Real-Time Day Trading Signal Service, a streaming visual of trading signals overlaid on live charts of three key markets: the E-Mini S&P 500, Crude Oil, and the Euro.

1.) Live charts with trading signals
2.) Trade management commentary by Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, who explains his response to the trade signals during periods of high market volatility.

Sign up for your free trial here!

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2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1255.50 2362.00 12055 751.47
Resistance Level 2 1246.95 2343.00 11936 741.63
Resistance Level 1 1240.10 2330.00 11854 734.67
Pivot Point 1231.55 2311.00 11735 724.83
Support Level 1 1224.70 2298.00 11653 717.87
Support Level 2 1216.15 2279.00 11534 708.03
Support Level3 1209.30 2266.00 11452 701.07

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance Level 3 1773.2 1.4021 96.63 143 26/32
Resistance Level 2 1759.4 1.3923 95.21 142 31/32
Resistance Level 1 1748.1 1.3829 93.81 142 16/32
Pivot Point 1734.3 1.3731 92.39 141 21/32
Support Level 1 1723.0 1.3637 90.99 141 6/32
Support Level 2 1709.2 1.3539 89.57 140 11/32
Support Level 3 1697.9 1.3445 88.17 139 28/32

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4. Economic Reports for Thursday November 3, 2011

Unemployment Claims
8:30am

Prelim Nonfarm PRoductivity q/q
8:30am

Prelim Unit Labor Costs q/q
8:30am

Minimum Bid Rate
8:45am

ECB Press Conference
9:30am

ISM Non-Manufacturing PMI
10:00am

Factory Orders m/m
10:00am

Natural Gas Storage
10:30am

Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels

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1. Market Commentary

The market has exhausted me and I feel some what “drained” by the events that’s taken place in the market, so initially I wasn’t going to write anything other than wish you good trading but then decided to write a few words on that topic exactly….

Trading is not something you can do at 50% or 70%…You must be 100% focused, 100% alert, 100% NOT distracted etc.

Too many times, traders will try to day trade while doing other things, being distracted, maybe not 100% focused in result of markets punishing them.

So as hard as it may be and I know it is, if you know that on a certain day or time, you will be distracted by other things or your attention will be needed some where else or maybe you just don’t feel like yourself and feeling more tired than usual…THAN what separates “the man from the boys” is the ability to say” Today I am NOT going to trade” understanding that no trade is better than a bad trade is a big part of capital preservation which is a key for survival and hopefully success to follow. Continue reading “Support and Resistance Levels”

Daily Mini S&P 500 Futures Chart | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

EU economic summit all day tomorrow along with some other economic news out of the US will provide the markets with some news to digest.

As I mentioned over the last few days, i still don’t have a clear direction of where this market is headed and either way, i expect volatility to continue. Continue reading “Daily Mini S&P 500 Futures Chart | Support and Resistance Levels”

Important Price Levels SP 500 – Market Leader | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Volatility remains high and what I wrote the last few days, still holds:

As far as the daily chart, I am now confused again….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks.

With the close today I am now leaning towards the long side…..BUT still not excited about the risk / reward scenario. Continue reading “Important Price Levels SP 500 – Market Leader | Support and Resistance Levels”

Trading Levels & Economic Reports for 10-20-2011

Posted on by Ilan

 

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Volatility remains high and what I wrote yesterday, still holds:

As far as the daily chart, I am now confused again….I got tempted on the short side and got burnt very quickly today….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks.

One more point that I would like to add that have helped me when I followed and hurt me when I ignored…

When volatility is higher than normal, like we have now, I try to REDUCE my trading size. This allows me to stay in a trade with higher comfort level instead of getting out too soon from winners and too late from losers….The principal is correct regardless of volatility but even more so when markets experience fast and sharp moves. Continue reading “Trading Levels & Economic Reports for 10-20-2011”

Trading Levels & Economic Reports for 10-18-2011

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

On Friday I wrote the following:

Interesting price action today and we closed right at the 1220 level I have been talking about these last few days.

 

Market closed right on the high and I think that price action on Monday will be very important to watch.

 

Follow through and a CLOSE above 1220 can open the door for a more significant rally, on the other hand if the market fails against this level and start picking up momentum on the downside, I will get a sell signal.

Well after seeing today’s price action, I think we may have more room to the downside. If we can take out 1188, we may see 1154.

REGARDLESS of your market view, trading direction etc., more important is how one manages the trade, calculate the risk and control one own emotions in a way that enables you to execute your game plan, which at times will produce winners and at times will produce losers. Continue reading “Trading Levels & Economic Reports for 10-18-2011”

Trading Levels & Economic Reports for 10-17-2011

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Interesting price action today and we closed right at the 1220 level I have been talking about these last few days.

Market closed right on the high and I think that price action on Monday will be very important to watch.

Follow through and a CLOSE above 1220 can open the door for a more significant rally, on the other hand if the market fails against this level and start picking up momentum on the downside, I will get a sell signal.

At this point I am flat and waiting for price action during the day session Monday before deciding which way and if to attack this market. Continue reading “Trading Levels & Economic Reports for 10-17-2011”

Trading Levels & Economic Reports for 10-14-2011

Posted on by Ilan

 

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Full day ahead with important economic numbers along with G20 meeting taking place over the weekend. Continue reading “Trading Levels & Economic Reports for 10-14-2011”

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.