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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!

FOMC Minutes, ES & Gold 1 Minute Charts 4.06.2016

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 April 6, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

FOMC minutes tomorrow.

Below are 1 minute ES chart and 1 minute Gold chart for reference from the last FOMC minutes around the time of release:

ES Chart:

ES Chart

Continue reading “FOMC Minutes, ES & Gold 1 Minute Charts 4.06.2016”

Futures Contracts: Crude Oil, Coffee & US Bonds 1 Min Charts 4.01.2016

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 April 1, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Per my blog from yesterday about the last trading day of the month…I am including 3 charts, all are 1 minute charts for coffee, US bonds and crude oil futures….Take a look on what happened in the last 7-10 minutes….

Also tomorrow is monthly unemployment, please see quick paragraph below from our friends at TradeTheNews.com 

Trading Volume Picks up in Futures Markets 3.30.2016

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 March 30, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Today was such a different day than yesterday….
Yesterday we had low volume, Europe off and very little movement.

Today Europe was back, Yellen was talking and we had some very strong moves and much better volume…

On a different note, ICE exchange is going to start charging $110 per month and in some cases more as monthly fee for their data!
We are here to provide ideas and solutions if you need help with this one.
Just pick up the phone and call 800 454 9572 or +310 859 9572 and we will be happy to help!

Here is the full notice:

Please review the following announcement from the ICE Exchange as it relates to your account: Effective April 1, 2016, data fees will be applied for all recipients of real time ICE Futures market data including subscribers receiving data from Independent Software Vendors (ISVs), Futures Commission Merchants (FCMs), Introducing Brokers (IBs) and/or Network Providers.

Continue reading “Trading Volume Picks up in Futures Markets 3.30.2016”

Heikin-Ashi Futures Gold Chart 3.29.2016

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 March 29, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Low volume day in the markets today with Europe off for Easter Monday after we were off for Good Friday….

Will be interesting to see action in gold, crude, stock indices and bonds tomorrow when more volume should return.

Gold chart for your review below, today’s lows at 1206 was first major support for any pullbacks off the major rally:

Heikin-Ashi Futures Gold Chart
Heikin-Ashi Futures Gold Chart

Continue reading “Heikin-Ashi Futures Gold Chart 3.29.2016”

Good Friday Futures Trading Schedule 3.24.2016

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 March 24, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Be aware – Friday most markets are closed!

Good Friday Trading Schedule are here

Have you checked out iSystems?? This cutting edge technology allows you to select, activate, change and view in real time professionally designed trading systems! Check out live data at: https://cannon.isystems.com

TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.

Continue reading “Good Friday Futures Trading Schedule 3.24.2016”

Globex & ICE Good Friday Holiday Futures Trading Schedule 2016

Posted on by Ilan

Globex Good Friday Holiday Futures Trading Schedule 2016

Globex Good Friday Holiday Futures Trading Schedule 2016
Globex Good Friday Holiday Futures Trading Schedule 2016

More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2016-good-friday-holiday-schedule.pdftrans

The above sources were 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.

Ice Futures Good Friday Holiday Futures Trading Schedule

March 25 2015

Good Friday

All UK Markets are closed

ICE Futures US Soft’s, US Grains and Oilseeds, Metals & FIN Gas Power and Emissions all CLOSED

USDX Index & FOREX Early Close – 11:15 am No TAS trading

Russell, MSCI Equity, NYSE ARCA Gold Miners Index Early Close – 9:15 am No TAS trading

ICE Clear Europe CDS – Bank Holiday

ICE Futures Canada – All Markets Closed

Continue reading “Globex & ICE Good Friday Holiday Futures Trading Schedule 2016”

Look Before You Leap 3.18.2016

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 March 18, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

A great trading advice  by my colleague, Steven Nimerov who has over 25 years of experience starting on the floor of the CME.

“Look Before You Leap”

On the way to becoming a successful Futures trader you will incur many losses.
That I can attest to.

One way to guarantee you will never be a successful trader is by taking “out sized” losses.

There was a time, in my 40 year career, that I would get an idea, in my head, that I had to be in a market, jump in and then look at where a proper stop loss would have to be placed and panic because the loss would be too great if the stop loss was reached.
So being the rookie that I was, I would place what was known as a “money’ stop, which is one that is based on how much money I was willing to risk rather one that was based on support or resistance.

Continue reading “Look Before You Leap 3.18.2016”

Silver Futures Insight 3.17.2016

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 March 17, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

A note on Silver by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.

Silver Futures

Here is a daily chart with simple moving averages, a 25 day slow  and 10 day fast, the buy signal is still intact. With the fast(red) SMA penetrating the slow (blue) from underneath. RSI in the neutral range.

Daily Silver Futures Chart With Simple Moving Averages
Daily Silver Futures Chart With Simple Moving Averages

FOMC Tomorrow and Managing Trading Size 3.16.2016

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 March 16, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

FRONT MONTH for STOCK INDEX is JUNE!!

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow ( Wednesday, March 16th ). Also more than a few economic numbers ahead of the announcement.

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.

The following are suggestions on trading during FOMC days:

Continue reading “FOMC Tomorrow and Managing Trading Size 3.16.2016”

Managing Your Futures Trading/Position 3.15.2016

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 March 15, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings! 

FRONT MONTH for STOCK INDEX is JUNE!!

A note on managing trade size by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.

Managing your trading/position size is crucial to long term success regardless of style.

Daytrading, Swing or long term position trading.

In order to select the size you will employ make a mental note of three things before you trade.  The Foundation of Trading your plan is first determining the size you will be employing, the number of contracts.

We must assume your risk capital is fixed.

1)  How liquid is the contract I will be trading?

Are there frequent price gaps, lack of continuity with bid/ask spreads.

What is the Open Interest and Volume relative to other contracts in the same industry, index , futures contract type.

Continue reading “Managing Your Futures Trading/Position 3.15.2016”

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.