Dow Jones Weekly Chart and 8 Steps on the Road to Trading 1-05-2018

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Dear Traders,

Dow broke 25,000!!

A good, quick read on certain steps every trader needs to go through ( in my opinion) available at:

https://www.cannontrading.com/tools/8-steps-to-successful-trading1

Dow Cash Weekly chart:

Mini NASDAQ MONTHLY Chart 1.04.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

A picture is worth a thousand words….

A look at the monthly mini NASDAQ 100 chart below illustrates the amazing rally we had since 2008.

The last technical sell signal on the monthly chart was late 2008…since then, you can see more than a few buy signals on this rally ( blue plus signs and green arrows), which in my opinion, was initiated and fueled by the Fed. to a large extent.

mini NASDAQ monthly chart:

Happy New Year, Holiday Trading Hours – New Year’s 2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

From our team at Cannon Trading, to you and your loved ones, we wish you a great 2018 in all aspects of life! May you enjoy health, happiness and great trading this new year!

Holiday Trading Schedule:

From the CME Globex Control Center, executive summary:

Fri. Dec. 29 = ALL NORMAL closes

Mon. Jan. 1 (day) = CLOSED, all mkts.

Mon., Jan. 1 (night) = NORMAL opening and pre-opening for all

New Year Holiday Trading Hours

Continue reading “Happy New Year, Holiday Trading Hours – New Year’s 2018”

Seasonals in Futures Trading 12.20.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Christmas Holiday trading Schedule is now available! 

Trading Commodity Seasonal Patterns

Every calendar year there are different seasons. It is how we plan our lives. Weather is the first to come to mind, but there are holidays, sports, shopping and many more that help break up the monotony of our day to day patterns. The commodities market is no different. Just as you use a calendar to plan and differentiate Thanksgiving from Opening Day in baseball, you can use the same calendar to blueprint possibly when wheat futures will be high and copper prices low. Traders can use these seasonal patterns to their advantage because it allows a certain degree of predictability of future price movements, rather than being bombarded by an endless stream of often contradictory market noise. Now of course there are other factors too numerous to list that can affect the futures markets, but certain conditions and events reoccur at annual intervals and help traders anticipate where the market is headed. Continue reading “Seasonals in Futures Trading 12.20.2017”

8 Steps for Successful Trading + Futures Trading levels 11.21.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

I shared this one before but every so often I speak to clients and prospects who ask me “What is the process to make it as a day trader”?

Well other then letting them know that the success rate is very low (must be blunt here…) I send them the following PDF I wrote a while back and feel is VERY relevant.

Continue reading “8 Steps for Successful Trading + Futures Trading levels 11.21.2017”

UK Outlook + Futures Trading levels for 11.16.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

UK: What to Expect from a Prime Minister Corbyn
By Erik Norland, Senior Economist, CME Group

Highlights
  • Theresa May’s tenure as UK Prime Minister on shaky ground
  • Pound could weaken further versus U.S. dollar if Brexit talks stall
  • If Brexit is abandoned, pound could rise against dollar, euro
  • Higher taxes under a Labour government could weaken the pound

Continue reading “UK Outlook + Futures Trading levels for 11.16.2017”

Daily Chart of the Mini SP 500 3.28.2017

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp  

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet  for 2016!! 

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Daily chart of the mini SP 500 for your review below.

The market tested a moving average I use to determine uptrend versus downtrend and bounced nicely to START with….

Price action over next few days will be interesting to watch.

Daily Chart of the mini SP 500

Trade the markets both ways….. 3.24.2017

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp  

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet  for 2016!! 

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Words of wisdom for today….learn to play the markets from the long and short side…This applies to too many clients/traders who always want to attack the stock index futures from the short side as they wait for the correction….While correction may come sooner or later, as DAYTRADER, you need to be objective and learn to play both the short and long side per your methods and rules. Take the emotional bias you have out.

Two systems we like to share with you below. One is a mini SP day trading system, the other is a gold trading swing system. These are AUTO traded systems and can be used in addition to your trading account OR if you don’t have time, emotion capacity to trade your own account, you can be active in the markets by letting the ALGOS work for you:

  1. Battle Quant – mini SP day trading system
  2. The Golden Age – Swing trading gold system
  3. LAG CrudeOil7 – Crude Day trading system

Day Trading Stocks vs Futures 2.16.2017

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp  

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Day Trading Futures vs. Day Trading Stocks

No Downtick Rule

With Futures there are NO downtick and/or short sale rules as found in daytrading equities. No boxing of positions and no bullets. You can instantly short anytime at any price.

Tax Advantage

Commodities are taxed differently than securities. The net gain or loss from trading commodities is reported on schedule D (capital gains and losses); 60 % of the amount is taxed as a long-term capital gain and 40% is taxed as a short-term capital gain. Active Securities Traders have all gains taxed as short term vs. commodities traders who have the above treatment.

24 Hour Market Access

With Electronic Screen traded E-Mini Contracts you can access the market during regular equity trading hours, after hours and during the night. This makes trading news easier as many news events happen after 3:00 pm and late in the afternoons.

More Leverage

You can control more exposure with the same capital than in equities.

Lower Cost Commissions It costs an average of $5-$9 per ticket to actively trade equities, compared with futures where it is $1.26 to $2.00 per ticket – less than half the price. 

The Catch?

They can be more risky than equities.

Trading the E-Mini futures contracts can be more exciting and faster paced than traditional equity markets day trading. Your emotional swings can be more excessive with futures because they are so much more liquid than the equity markets that you may be used to trading. And you have more leverage to play with. These products are for professionals only. Please read carefully the risk disclosure forms on this site and all of the risk disclosure forms found in your account paperwork before considering trading futures. 

More Trading Education available here!

Continue reading “Day Trading Stocks vs Futures 2.16.2017”