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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!

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.

Choppy Trading Week Ahead? + Futures Levels 6.06.2023

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

The Week Ahead:

By John Thorpe, Senior Broker

There will be few government reports released this week that will have much of an impact on equity prices.

This past Saturday we have entered the FOMC Blackout period which will last through the next FOMC Rate decision on Wednesday, June 14th and conclude at midnight on June 15th.

Since there is no significant data, we are certain Fed Policy makers will have been able to breathe a bit easier after the debt limit breach was averted.

Next week is going to be considerably different. Why? the Consumer Price Index will be released a day prior to the FED rate decision and may have an 11th hour impact on the policy makers decision to raise or stay firm at current short term fed fund rate. According to the CME’s FedWatch tool, the prospect for rate changes has been anything but sanguine. May 5th there was only an 8.5% chance of another .25 increase and as recently as a week ago there was an over 60% chance and as of todays date the tool is projecting less that a 22% increase by .25 to the .0525-.0550 area. . .

As I said about CPI at the moment the market is pricing in no change but a CPI figure reversing the slow downtrend in current price levels could immediately change the expectations for no change this go round.

Understanding expectations will allow you to trade with more confidence when there is a sudden change in policy directives!

Plan your trade and trade your plan. 

 

Webinar: Order Flow Trading Platform

Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT

Show in My Time Zone

In this webinar, we’ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.

Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolSys’s core features

• Order Flow and it’s pullback bar

• How to use Advances T&S

• How to use Advanced DOM

• Delta Filter Bars to identify Strength/weakness

• Where are the big traders/ orders?

Attendees will receive a FULLY functionable demo with live data!!

SPACE is LIMITED, so reserve your space now!

https://attendee.gotowebinar.com/register/3653796317657144918

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 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 06-06-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

Cannon Futures Weekly Newsletter Issue # 1148 Order Flow Webinar + Levels for June 5th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1148

 

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

Have a safe Memorial Day Weekend. Trading Schedule HERE

In this issue:

  • Important Notices – Win 1 OZ Gold Bar!
  • Trading Resource of the Week – Order Flow, Advanced T&S Trading Webinar
  • Hot Market of the Week – June Dollar Index
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices –

Are you ready to go for gold?

 

Then here is your golden opportunity. CME Group will be launching the Go for Gold Precious Metals Trading Challenge coming this June.

You’ll have the opportunity to practice trading highly liquid Precious Metals products while competing against other traders for the chance to win the grand prize of a 1 oz. bar of gold*.

During the challenge, you’ll explore our suite of precious metals contracts and test-drive strategies in a simulated environment. We’ll send you exclusive, daily education materials on precious metals contracts in order for you to feel prepared to trade and confidently compete against your peers.

Get ready to strike gold.

*Participants will only be eligible to receive a 1 oz. gold bar if permitted in accordance with the applicable laws of their jurisdiction.

 

START DATE: June 4, 2023

END DATE: June 9, 2023

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Trading Resource of the Week –

Meet VolBook by Volumetrica Trading Professional Volume Trading Platform
Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT
In this webinar, we’ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.
Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolSys’s core features
• Order Flow and it’s pullback bar
• How to use Advances T&S
• How to use Advanced DOM
• Delta Filter Bars to identify Strength/weakness
• Where are the big traders/ orders?
Attendees will receive a FULLY functionable demo with live data!!
SPACE is LIMITED, so reserve your space now!
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

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

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.
The June dollar Index satisfied its second upside PriceCount objective and is correcting. At this point, if the chart can resume its rally with new sustained highs, the third count would project a run to the 106.50 area although the March highs would represent a significant near term resistance level to contend with.
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.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
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 June 5th, 2022
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Would you like to receive daily support & resistance levels?
Yes
S
No
S

Weekly Levels

#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

 

  • Trading Reports for Next Week

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

 

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.

First Trading Day in June is Full of Reports and Potential Volatility + Levels for June 1st

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

 

The US is in a period of high economic uncertainty. Over the coming days, we are expecting potential increased volatility across markets as the US government vote on the US debt ceiling deal by Wednesday evening (US Eastern Time).

Days to consider

• May 31: US House to vote

•May 31 or later: US Senate consideration

•June 5: Projected the “X-date” for default

Many reports are due tomorrow, the first trading day of the month/ June. Make sure to check out the reports section below.

Also keep in mind that due to Memorial weekend we just observed, crude oil numbers will be out tomorrow at 11 AM eastern

Plan your trade and trade your plan. 

 

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 06-01-2023

 

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

FOMC Minutes this week, Flash PMI Tomorrow

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

 

The Week Ahead:

By John Thorpe, Senior Broker

THIS WEEK FOMC Minutes will be the big mover in addition to ongoing Debt limit increase negotiations between The Executive and Legislative branches of government. Minutes of the FOMC meeting of May 2-3 will be released on Wednesday at 1:00PM CDT. In the immediate wake of the FOMC statement there was optimism that Fed policymakers were leaning toward a pause in interest rates after a swift raising of the fed funds target range by 500 basis points that began 13 months ago. However, Fed Chair Jerome Powell pushed back against that perception in his press briefing on May 3. Although, he did say last week that tight credit conditions may limit the need for further policy tightening. In the weeks since the meeting, other Fed policymakers have cautioned against being too certain that more rate hikes are not on the way.

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The minutes are likely to reinforce these views, and that these views probably haven’t shifted. The economic data released in recent weeks point to a still strong labor market and continued stubborn inflation. This is the formula that has kept the Fed on a path of further tightening to address imbalances in the labor supply/demand and reduce demand for goods and services that are pushing up prices.

 

Plan your trade and trade your plan. 

 

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 05-23-2023

#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

 

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

PPI Tomorrow and the Last 2 Trading Days of the Week Review

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

Last Two Trading Days of the Week:

By Mark O’Brien, Senior Broker

 

General:

 

Despite the fireworks frequently on display from stock index futures immediately preceding the release of the Consumer Price Index report over the last several months, an interesting result followed. In each of the last five releases, the S&P 500 closed within 0.5% of the prior day’s settlement. This is in stark contrast to some of the reports last year, notably November’s CPI release that sent the Nasdaq up ±7%.

 

On the heels of today’s CPI release indexes are looking to finish up with a similar outcome. This morning’s report showed consumer prices up 4.9% from last year, yet it marked the tenth consecutive month the inflation gauge slowed – now down from its peak of 9.1% last June, but still well north of the Federal Reserve’s 2% target.

 

Next up tomorrow at 7:30 A.M., Central Time, the Bureau of Labor Statistics releases its latest reading on prices at the wholesale level: its Producer Price Index.

 

Markets:

 

Metals: After piercing last month’s highs and touching $2,085 / ounce intraday last Thursday, June gold has consolidated somewhat, not too scared or encouraged by today’s inflation report – and not ready to anticipate the Fed.’s next move.

 

July copper sold off ±5 cents today and for the fifth time in the last ten trading sessions has tested 5-month lows near $3.82 / pound. This on the heels of languid economic reading from the world’s largest commodities consumer: China.

 

Energies: The negative sentiment from China dragged crude oil below its 5-6-month intraday low of March 20th at $64.58 per barrel, trading intraday last Thursday to $63.64 per barrel, a ±$20-per-barrel / $20,000 per contract skid from its mid-April ascendance to ±$83 per barrel. Given crude oil’s seemingly continual fixation with the events of the day – whatever they are – volatility remains – and the market has bounced ±$10 per barrel in barely four trading sessions.

 

Plan your trade and trade your plan. 

 

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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 05-11-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

Creating Effective Trading Technique Strategies + Levels for May 8th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1144

 

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

In this issue:

  • Important Notices – CPI, PPI, Crop Reports is this Week!
  • Trading Resource of the Week – FREE Trading Psychology Course
  • Hot Market of the Week – July Bean Meal
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices

This week we have CPI, PPI and crop report!
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  • Trading Resource of the Week – Get An Edge With the Trading Psychology Course FREE

Trading 102: Commitment of Traders Report – What Lies beneath

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
In this “Trading Psychology” Course you will learn:
  • How to examine your patterns and behaviors and recognize when they are holding you back
  • Maintaining self-confidence as a trader even in the face of inexperience
  • The mathematical expectation model and how it can decrease your losses
  • Determining the trading plan that is right for your trading personality
  • Understanding and using Motivation – Risk – Reward to its full advantage
  • Creating effective trading technique strategies
  • Qualities of Successful Traders

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

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.
July soybean meal completed its second downside PriceCount objective in March and corrected higher. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the $412 area where it will be normal to see some consolidation price action.
PriceCounts – Not about where we’ve been , but where we might be going next!
July Soybean Meal Chart
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.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
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 May 8th, 2022
#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

Weekly Levels

146bcea1 ea34 4261 8811 cb506ef21602

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
2699a4b6 07ff 4bc0 add6 e1e0a71e731e

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

NFP Jobs Data Tomorrow – What to Expect?

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

Preview: Nonfarm Payrolls due Friday 5th May 2023 at

13:30 BST / 08:30 EDT

Provided by our friends at NewSquawk. Get a free trial to audio and text breaking news alerts as well as commentary

SUMMARY: Headline NFP is expected to rise by 180k in April, cooling from the prior 236k while the unemployment rate

is seen ticking up slightly to 3.6% from 3.5%. The wages will be eyed to gauge inflationary pressures, and M/M wages are expected to maintain a pace of 0.3% while the Y/Y is seen rising 4.2%, the same pace in March. Labour market proxies have been mixed: initial jobless claims rose in the week that coincides with the BLS survey period, while continued claims moved lower; the ADP added jobs well above expectations, but wages were cool; ISM Manufacturing employment gauge returned to expansionary territory, and the Services employment remained in expansionary territory,

but it did slow from March.

The jobs report will be used to gauge the Fed’s next move, whether that be a pause, or lead to some “additional policy firming”, but it is worth stressing there is plenty of data between now and the June 14th FOMC, while the expected and actual tightening of credit conditions will also be key, particularly after First Republic (FRC) saga and more recently, PacWest (PACW) exploring options.

EXPECTATIONS: Headline NFP is expected to show 180k jobs were added in April, down from March’s 236k, while analyst forecasts range from 94k-265k. This compares to the 3-,6-, and 12-month averages of 345k, 315k, and 345k, respectively. 180k would mark a cooling in the growth of the labour market to levels more consistent with pre-COVID trends, coming down from extremely hot levels. The unemployment rate is seen rising to 3.6% from 3.5%, with forecasts ranging between 3.4-3.7%, but still well below the FOMC’s median view of 4.5% by year-end and at 4.6% by the end of

2024.

READ FULL REPORT NOW

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Plan your trade and trade your plan. 

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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 05-05-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

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.

Crude Oil Futures Market Outlook, Jobs Data and More

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

The rest of the week in futures markets:

By Mark O’Brien, Senior Broker

Today’s FOMC trading volume on the ES was one of the lowest I ever seen o an FOMC day!!

Over the weekend of April 1-2 – one month ago, Saudi Arabia and other OPEC+ oil producers announced cuts in their collective crude oil output that amounted to about a million barrels per day. Prior to the announcement – a surprise before the group’s ministerial panel meeting on Monday where analysts expected the oil cartel would hold steady on production – front month crude oil futures had dropped to near 15-month lows approaching $70 barrel. At Sunday’s opening of trading, crude prices gapped up over $5.00 per barrel.

 

If as some analysts surmised after the cuts were announced, which was that OPEC+ was taking pre-emptive steps in case of any possible demand reduction, they were dead on. Since then, renewed fears of recession in the U.S. (seemingly a constant over the last 12 months or so) have once again stoked demand fears in the energy sector. June crude oil futures have since filled the price gap created on that Sunday opening in early April and have continued falling. As of this typing, crude has sliced ±$15.00 off its post-announcement high, through $70.00 per barrel and is currently hovering near $69.00. Even this week’s news of another Iranian seizure of a foreign-flagged oil tanker in the Persian Gulf and yesterday’s much-larger-than-expected decline in crude oil stocks – 3.9 million barrels – failed to quell bearish sentiment. Keep an eye on this Friday’s jobs data as the report now stands in front of a significant crude oil sell-off with the numbers more capable than usual to drive the direction of crude oil near-term.

6de6cb82 fc05 48ed 9fdb 51bb8252feb9

 

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 05-04-2023

#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

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

 

 

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: What are the big boys up to? + Levels for May 1st, 2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1143

 

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

In this issue:

  • Important Notices – FOMC is this Week!
  • Trading Resource of the Week – What are the “Big Boys” Up To?
  • Hot Market of the Week – June Heating Oil
  • Broker’s Trading System of the Week – Free Consultation
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – FOMC this week with statement and rate decision due Wednesday

The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

  • Trading Resource of the Week – What are the Big Boys up to?

Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

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.
June heating oil completed its second downside PriceCount objective last month and corrected. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the 2.05 area
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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Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. One of the best resources you can utilize is our Brokers will be happy to provide feedback and consultation based on your specific needs, risk tolerance, and goals.
Take advantage of our knowledge and experience and book a FREE, no obligation consultation.
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 May 1st, 2022
#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

Weekly Levels

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  • 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

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.