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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 & Economic Reports 12-11-2015

Posted on by Ilan

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday December 11, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Cannon Trading is proud to announce new and innovative trading signals, indicators and services for our clients and perspective clients.

To read more about the new services and trading signals we offer please click here: https://www.cannontrading.com/tools/intraday-futures-trading-signals 

For any inquiries please feel free to call the office 1-800-454-9572 and a license broker would be happy to assist you.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.  

Futures Indices Roll Over 12.08.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday December 8, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Futures Indices Roll Over

Indices Futures contracts (ES, EMD, NQ, TF, YM) will roll from the December ‘Z5’ contract to the March ‘H6’ contract on Thursday Dec. 10th at 8:30am CST.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.  

8 Steps to Successful Futures Day-Trading 12-02-2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday December 2, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Wishing all of you a great trading month in December.
My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 17 years.

8 Steps to Successful Day-Trading

The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.

1. Education

Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.

2. Find a System

I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.”

Weekly Continuation Futures Gold Chart 11.06.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 06, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Monthly unemployment numbers tomorrow. Many markets will have volatile reaction so be aware of the report and others that will come in later.
The main market I am curious about is gold. Currently oversold but in a nice down trend so the big question is which way will it play? test previous lows or snap? Perhaps both….Weekly chart for your review with circles marking mostly lower highs and lower lows….:

GCE - Gold(Globex), Weekly Continuation
GCE – Gold(Globex), Weekly Continuation

Continue reading “Weekly Continuation Futures Gold Chart 11.06.2015”

Futures Day Trader Advice & Economic Reports 11.05.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday November 05, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Today I must share an observation that may help many of you. So many times as a broker I see clients who know how to make money… I see it in the daily statements, good winning %, consistent profits UNTIL….something happens. Either the client who is normally a day-trader decides to carry his/hers losing position and make it into a swing trade…..OR the trader is down and refuses to accept the fact it may be a losing day and decides to double down and get more aggressive because if this trade is a winner he will have another winning day….the examples go on and no I am not referring to anyone specific although many of you probably think I am talking about them.

I have done it before as a trader. It is the inability to accept a loss that creates this snow ball.

I am not a psychologist nor a professional writer ( English is my second language if you did not tell by now (-:

What I am hoping for is that by writing this I may help the “good voice” inside your head that tells you DONT double down OR just keep the stop, win over that bad voice that is whispering to you to go ahead and reverse the position and double it when it is clearly not in your game plan…Trading is tough mentally, financially and emotionally, help yourself be a better trader by being a more disciplined trader.

Futures Levels & Economic Reports 11.04.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 04, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Did not have too much of added value to share with you today so decided to point you into a resource that is not on our site ( but will be soon)  that may be useful for you and includes a few videos:https://vimeo.com/cannontradingcompany/videos

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan,visit our broker assist services.

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.

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Futures Trading Levels

Contract Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2133.42 4783.00 18133 1212.83 98.32
Resistance 2 2121.83 4755.25 18015 1203.77 97.95
Resistance 1 2112.17 4732.50 17925 1195.83 97.60
Pivot 2100.58 4704.75 17807 1186.77 97.22
Support 1 2090.92 4682.00 17717 1178.83 96.87
Support 2 2079.33 4654.25 17599 1169.77 96.50
Support 3 2069.67 4631.50 17509 1161.83 96.15
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1156.6 15.66 51.25 157 22/32 1.1117
Resistance 2 1147.3 15.56 49.80 156 31/32 1.1077
Resistance 1 1132.2 15.41 48.85 155 28/32 1.1023
Pivot 1122.9 15.31 47.40 155 5/32 1.0983
Support 1 1107.8 15.16 46.45 154 2/32 1.0929
Support 2 1098.5 15.06 45.00 153 11/32 1.0889
Support 3 1083.4 14.91 44.05 152 8/32 1.0835
Contract Dec. Corn Dec. Wheat Jan Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 389.8 530.8 896.58 308.20 2.36
Resistance 2 386.0 523.7 891.67 306.70 2.32
Resistance 1 383.3 520.1 885.33 304.00 2.30
Pivot 379.5 512.9 880.42 302.50 2.27
Support 1 376.8 509.3 874.1 299.8 2.2
Support 2 373.0 502.2 869.17 298.30 2.21
Support 3 370.3 498.6 862.83 295.60 2.18
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 4  3:15am EUR Spanish Services PMI 55.5 55.1
3:45am EUR Italian Services PMI 53.7 53.3
3:50am EUR French Final Services PMI 52.3 52.3
3:55am EUR German Final Services PMI 55.2 55.2
4:00am EUR ECB President Draghi Speaks
EUR Final Services PMI 54.2 54.2
5:00am EUR PPI m/m -0.4% -0.8%
5:30am USD FOMC Member Brainard Speaks
8:15am USD ADP Non-Farm Employment Change 183K 200K
8:30am USD Trade Balance -42.7B -48.3B
9:45am USD Final Services PMI 54.6 54.4
10:00am USD Fed Chair Yellen Testifies
USD ISM Non-Manufacturing PMI 56.6 56.9
10:30am USD Crude Oil Inventories 2.5M 3.4M
2:30pm USD FOMC Member Dudley Speaks
7:30pm USD FOMC Member Fischer Speaks

 

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 judgment in trading

 

Futures Levels and Economic Reports 10.20.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday October 20, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Futures & Commodity Trading Tools 10.16.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday October 16, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Browse and use our FREE Trading Resources for Futures and Commodities

Futures Day Trading Tip & Economic Reports 10.07.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday October 7, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Survivor Day Trading

This article was published by the Stocks, Futures, & Options Magazine in September, 2007 and was written by our VP, Ilan Levy-Mayer. We think this article is timeless and whether you are beginner or advanced trader, you will enjoy it.
Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done. Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.

FOMC & Trading Levels 9.17.2015

Posted on by Ilan

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

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday September 17, 2015

 

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

BIG FOMC tomorrow at 2 PM EST. More on trading on FOMC days below.

Tomorrow might well be the single-most anticipated Federal Reserve announcement in nearly a decade. Will it or won’t it raise interest rates?

Also heads up, small change to closing times on GLOBEX:

Effective Monday, September 21, the daily CME Globex maintenance period will begin 15 minutes earlier. Currently, the daily maintenance period occurs Monday through Thursday from 16:15 to 16:45 CT.  With this change, the closing times for the following markets will now occur 15 minutes earlier Monday through Friday at 16:00 CT.
§    CME Equity
§    CBOT Equity
§    COMEX
§    NYMEX
§    DME

Continue reading “FOMC & Trading Levels 9.17.2015”

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.