Futures Trading Levels and Economic Reports for December 20, 2010

Market is acting a bit funny….reason i am saying that is that we are trading at relatively HIGH prices, over 52 weeks highs, yet the volatility is at a very low level….

What i have noticed over the years is the wave pattern of volatility….from extremely high volatility to extremely low volatility and goes again….so now the question is when is the next wave of higher volatility starts?

Have a great weekend, successful trading week ahead ( only 4 trading days next week, with Thursday packed with economic numbers).

I will be out of the office until Jan. 3rd but you will receive levels and reports published by colleague here at cannon.

happy Holidays and great trading in 2011! Continue reading “Futures Trading Levels and Economic Reports for December 20, 2010”

Futures Trading Levels and Economic Reports for December 15, 2010

FOMC is behind us and the market is heading into the final little stretch of the year, going into that last two weeks of 2010 along with the holiday season and what may be lower volume period.

In between, I see a possibility for a pull back on the Mini Russell 2000 if prices can break below 767.00 basis the march contract. Daily chart for your review below:

SP-500-Day-Trading-2010-12-15 Continue reading “Futures Trading Levels and Economic Reports for December 15, 2010”

Futures Trading Levels and Economic Reports Schedule for December 14th 2010

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

FOMC tomorrow and before that more than a few economic numbers.

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 duirng first couple of hours as well. Continue reading “Futures Trading Levels and Economic Reports Schedule for December 14th 2010”

Futures Trading Levels and Economic Reports for December 13th 2010

December to March Rollover Notice

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.

I think the following quote is so appropriate in our business….

“One cannot do anything about yesterday”

Wishing you a great weekend. Continue reading “Futures Trading Levels and Economic Reports for December 13th 2010”

Futures Trading Levels and Economic Reports for December 6th 2010

“Motto” for the month: “Plan your trade, trade your plan”

Unemployment came and gone and market pretty much ignored the bearish news….

Few notes from the day-trading webinar I hold every day below.

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. 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.

If you have not had a free two week trial to the service, feel free to sign up at:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Have a great weekend!! Continue reading “Futures Trading Levels and Economic Reports for December 6th 2010”

Futures Trading Levels and Weekly Newsletter for December 2nd 2010

“Motto” of the Month: “Plan your trade, trade your plan”

Our Weekly Futures Trading Newsletter is Ready for Your Review:
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https://www.cannontrading.com/community/newsletter/
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Futures Trading Levels and Motivational Quotes, November 30th 2010

Hope everyone had a nice Thanksgiving weekend and are ready for trading the rest of the week and upcoming December.

Since I have nothing of importance to share trading wise, I would like to share couple of trading quotes I saw today and liked:

“Continually strive for patience, perseverance, determination, and rational action.”

“Successful traders set profit objectives for each trade they enter.”

You may agree or disagree but thought these two quotes were worth sharing! Continue reading “Futures Trading Levels and Motivational Quotes, November 30th 2010”