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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!

Futures Trading Levels, Lower Volume After Weekend

Posted on by Ilan

Cannon Trading / E-Futures.com

Lower volume to resume trading after the fourth of July long weekend.

Summer season sometimes have different characteristics than other times of the year. Pay attention to reports and trading volume.

Daily chart of the mini Russell for your review below. I think if market can take out 833.00 we may see a deeper correction, otherwise the path of less resistance will continue to be to the upside.

Daily Mini Russell Chart from July 5, 2011

Daily Mini Russell Chart from July 5, 2011 Continue reading “Futures Trading Levels, Lower Volume After Weekend”

Futures Trading Levels, Holiday Trading Hours

Posted on by Ilan

Cannon Trading / E-Futures.com

HAPPY 4TH OF JULY!!

Click for a PDF of the CME Group Holiday Calendar

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, Holiday Trading Hours”

Futures Trading Levels, July 4th weekend Trading Hours

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great trading month in July and Happy 4th of July weekend!

Daily chart of Mini SP 500 for review below, followed by Holiday hours.

The 1321 to 1323 area may prove to be hard resistance to break. Also last few months I have noticed a rally the last day of the month, followed by a sell off the first or second trading of the month….**

Daily Mini S&P 500 Chart from June 30th, 2011

Daily Mini S&P 500 Chart from Thursday June 30th, 2011

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, July 4th weekend Trading Hours”

Futures Trading Levels, Independence Day Weekend Trading Schedule

Posted on by Ilan

Cannon Trading / E-Futures.com

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, Independence Day Weekend Trading Schedule”

Futures Trading Levels, Invitation to Exclusive Day Trading Webinar

Posted on by Ilan

Cannon Trading / E-Futures.com

Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM

This Wednesday, June 29th, Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 9:00 AM central time.

During the webinar, Ilan will:

  • Share his approach to day trading futures and review other markets he scans for day trading in addition to the ES. (mini SP 500)
  • Explain his day trading strategies that can be applied to MANY futures markets such as crude oil futures, Euro, DAX and more.
  • Review the LEVEX family of technical indicators and the DIAMOND ALGO which are now available via Sierra charts.
  • Detail his day trading money management philosophy.
  • Walks through live trade set ups as they happen real-time.

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.

Title:
Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM
Date:
Wednesday, June 29, 2011
Time:
7:00 AM – 8:00 AM PDT

Space is limited: Reserve your Webinar seat now!
After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer Continue reading “Futures Trading Levels, Invitation to Exclusive Day Trading Webinar”

Futures Trading Levels, Invitation to Exclusive Day Trading Webinar

Posted on by Ilan

Cannon Trading / E-Futures.com

Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM

This Wednesday, June 29th, Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 9:00 AM central time.

During the webinar, Ilan will:

  • Share his approach to day trading futures and review other markets he scans for day trading in addition to the ES. (mini SP 500)
  • Explain his day trading strategies that can be applied to MANY futures markets such as crude oil futures, Euro, DAX and more.
  • Review the LEVEX family of technical indicators and the DIAMOND ALGO which are now available via Sierra charts.
  • Detail his day trading money management philosophy.
  • Walks through live trade set ups as they happen real-time.

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.

Title:
Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM
Date:
Wednesday, June 29, 2011
Time:
7:00 AM – 8:00 AM PDT

Space is limited: Reserve your Webinar seat now!
After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer Continue reading “Futures Trading Levels, Invitation to Exclusive Day Trading Webinar”

Futures Trading Levels, Invitation to Exclusive Day Trading Webinar

Posted on by Ilan

Cannon Trading / E-Futures.com

Join us for a Webinar on June 29 entitled:

Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM

This Wednesday, June 29th, Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 9:00 AM central time.

During the webinar, Ilan will:

  • Share his approach to day trading futures and review other markets he scans for day trading in addition to the ES. (mini SP 500)
  • Explain his day trading strategies that can be applied to MANY futures markets such as crude oil futures, Euro, DAX and more.
  • Review the LEVEX family of technical indicators and the DIAMOND ALGO which are now available via Sierra charts.
  • Detail his day trading money management philosophy.
  • Walks through live trade set ups as they happen real-time.

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.

Title:
Day-Trading the Mini S&P 500, Crude Oil and other Futures using Volume Charts and the DIAMOND ALGORITHM
Date:
Wednesday, June 29, 2011
Time:
7:00 AM – 8:00 AM PDT

Space is limited: Reserve your Webinar seat now!
After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer Continue reading “Futures Trading Levels, Invitation to Exclusive Day Trading Webinar”

Futures Trading Levels, Crude Oil Tumbles in Light of OPEC and IEA News

Posted on by Ilan

Cannon Trading / E-Futures.com

Overnight news sent crude oil tumbling….I thought it would be interesting to share a weekly chart of Crude Oil futures for your review.

The International Energy Agency will release 60 million barrels of oil from strategic government stockpiles held by industrialized consumer nations in a bid to push down oil prices, the 28-member group announced on Thursday.

The announcement comes after OPEC failed to raise production at a meeting on June 8 and despite assurances from OPEC’s biggest producer Saudi Arabia that it would lift supplies unilaterally.

Weekly Crude Oil Futures Chart: June 23rd 2011

Weekly Crude Oil Futures Chart levels for Wednesday June 23rd, 2011

Continue reading “Futures Trading Levels, Crude Oil Tumbles in Light of OPEC and IEA News”

Futures Trading Levels, Looking at the Underlying Product of Futures

Posted on by Ilan

Cannon Trading / E-Futures.com

Once in a while I like to take a look at the actual underlying product for the future I am trading. In the case of the mini SP500, the actual product is the SP500 cash index. Below is a daily chart of the SP500 cash index, courtesy of CQG charting software.

Based on the tools I use and have confidence in, I will look for failure against the 1301 level and/ or a break back below 1284 as a sign that selling may resume towards the previous lows around 1258 cash basis. As always, use your own judgement in trading, know the time frame you like to trade, your risk tolerance etc.

Daily Chart of the S&P 500 Cash Index from June 22nd 2011

Daily S&P 500 Cash Index Chart levels for Wednesday June 22nd, 2011 Continue reading “Futures Trading Levels, Looking at the Underlying Product of Futures”

Futures Trading Levels, Early FOMC Release Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

FOMC tomorrow. Keep in mind that the statement now comes out earlier than before, it comes out around 12:30 pm EST and then there is a press conference during the time FOMC used to come out at, around 2:15 PM EST.

Refer to your notes from last FOMC.

Please read below and look at a 5 minutes chart from the last FOMC day . Pay attention to how volume dries up right before and the big spike in volume and price action right during and after the announcement.

Intraday Mini S&P 500 Chart from June 21st 2011

Intraday Mini S&P 500 Chart levels for Monday June 21st, 2011

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility during first couple of hours as well. Continue reading “Futures Trading Levels, Early FOMC Release Tomorrow”

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.