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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!

Thanksgiving 2011 Futures Trading Hours and Holiday Trading Schedule

Posted on by Ilan

Good morning Traders! Below are the holiday trading hours for this Thanksgiving 2011 holiday. If you have any questions call us at (800) 454-9572. Good trading!

Thanksgiving Day Trading Schedule

Wednesday, November 23 Hours

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
Regular Close/Open
* Exceptions: Livestock, GSCI, Lumber, Crude Palm Oil, Weather, Grain, Ethanol and Dairy products

ICE
Regular Close/Open

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Thursday, November 24 Hours

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

Continue reading “Thanksgiving 2011 Futures Trading Hours and Holiday Trading Schedule”

Futures Trading Advice | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Friday, November 18, 2011

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1. Market Commentary

We tested the lower borders of this wide band I have talked about over the last few days.

1204.50 to the psychological 1200 level are the first line of defense.

Volatility is picking up another notch again and we saw a sharp sell off in matter of minutes intraday around 11 AM central.

Brings me to a point I have mentioned before many times….and while I hate sounding like a broken record, I hope that by repeating this I may help clients and traders:

ALWAYS EXPECT THE UNACCEPTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves.
It is my opinion to have AUTOMATIC stops entered if you are a daytrader. All our trading platforms offer “auto brackets” that allow you to place limits and stops as soon as position entered. Please contact your broker if you need help with this feature. Continue reading “Futures Trading Advice | Support and Resistance Levels”

Friday Morning Support & Resistance Levels

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

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Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Dec. 2011) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1241

 

1232.75

 

1223.75

 

1208.5

 

1204.75

 

1178.75

2315

 

2301

 

2286

 

2356

 

2222

 

2178

11923

 

11898

 

11856

 

11696

 

11643

 

11570

736

 

731.8

 

727.5

 

714

 

710.2

 

703.7

14408

 

14321

 

14303

 

14221

 

14204

 

14105

13130

 

13112.5

 

13100

 

13020

 

13014.5

 

13009.5

 

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Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

Contract Dec.11 Gold Dec.11 Silver Dec.11 Copper Nov.11 Crude Oil Dec.11 Euro Currency Dec.11 Dollar Index

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1757.9

 

1746.9

 

1734.6

 

1711

 

1701.4

 

1681.2

33.31

 

32.75

 

32.12

 

30.92

 

30.29

 

29.93

3.458

 

3.428

 

3.395

 

3.331

 

3.318

 

3.306

101.34

 

100.3

 

100.08

 

99.79

 

96.21

 

94.52

1.3733

 

1.364

 

1.3614

 

1.3517

 

1.3494

 

1.342

0.7869

 

0.7833

 

0.7821

 

0.7801

 

0.778

 

0.7759

 

Futures Trading Beliefs | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday, November 17, 2011

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1. Market Commentary

Bearish close today on stock index futures and as I mentioned yesterday, a break below 1204 on the Dec. SP 500 can trigger another leg down.

I wanted to share the feature below by a colleague of mine. WORTH READING: Continue reading “Futures Trading Beliefs | Support and Resistance Levels”

Daily Mini S&P Chart | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Wednesday, November 16 2011

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1. Market Commentary


Stock index futures are in consolidation stage, trading between 1185 and 1289 since Oct. 18th (over100 points which is still a very WIDE range but nonetheless compare to the moves we have seen since this summer, I will consider it a range).

Before I can take a stance over medium to longer term price action, I will need to see if we can either take out 1204 or 1289. In between, the intra-day ranges provide both opportunities and risks for day-traders.

My tiny wisdom tip for today is: Your biggest battle as a day-trader is probably BEING selective in the trades you take, being patient ( which can be hard for many traders) and executing the plan you have once in a trade. Work on this every trading day, try to make small progress, keep a journal.

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Continue reading “Daily Mini S&P Chart | Support and Resistance Levels”

Dealing with Losing Trades | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Educational Feature: Dealing With Losing Trades
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday November 3, 2011

divider black 190 Continue reading “Dealing with Losing Trades | Support and Resistance Levels”

Real Time Day Trading Signals Service | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Real Time Day Trading Signals Service
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday November 3, 2011

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1. Real Time Day Trading Signal Service

Your GPS to the Futures Market

Would you like access to intra-day charts with signals like the one below?

real time day trading signals service

We invite you to a free two week trial of our Real-Time Day Trading Signal Service, a streaming visual of trading signals overlaid on live charts of three key markets: the E-Mini S&P 500, Crude Oil, and the Euro.

1.) Live charts with trading signals
2.) Trade management commentary by Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, who explains his response to the trade signals during periods of high market volatility.

Sign up for your free trial here!

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2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1255.50 2362.00 12055 751.47
Resistance Level 2 1246.95 2343.00 11936 741.63
Resistance Level 1 1240.10 2330.00 11854 734.67
Pivot Point 1231.55 2311.00 11735 724.83
Support Level 1 1224.70 2298.00 11653 717.87
Support Level 2 1216.15 2279.00 11534 708.03
Support Level3 1209.30 2266.00 11452 701.07

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance Level 3 1773.2 1.4021 96.63 143 26/32
Resistance Level 2 1759.4 1.3923 95.21 142 31/32
Resistance Level 1 1748.1 1.3829 93.81 142 16/32
Pivot Point 1734.3 1.3731 92.39 141 21/32
Support Level 1 1723.0 1.3637 90.99 141 6/32
Support Level 2 1709.2 1.3539 89.57 140 11/32
Support Level 3 1697.9 1.3445 88.17 139 28/32

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4. Economic Reports for Thursday November 3, 2011

Unemployment Claims
8:30am

Prelim Nonfarm PRoductivity q/q
8:30am

Prelim Unit Labor Costs q/q
8:30am

Minimum Bid Rate
8:45am

ECB Press Conference
9:30am

ISM Non-Manufacturing PMI
10:00am

Factory Orders m/m
10:00am

Natural Gas Storage
10:30am

Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels

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1. Market Commentary

The market has exhausted me and I feel some what “drained” by the events that’s taken place in the market, so initially I wasn’t going to write anything other than wish you good trading but then decided to write a few words on that topic exactly….

Trading is not something you can do at 50% or 70%…You must be 100% focused, 100% alert, 100% NOT distracted etc.

Too many times, traders will try to day trade while doing other things, being distracted, maybe not 100% focused in result of markets punishing them.

So as hard as it may be and I know it is, if you know that on a certain day or time, you will be distracted by other things or your attention will be needed some where else or maybe you just don’t feel like yourself and feeling more tired than usual…THAN what separates “the man from the boys” is the ability to say” Today I am NOT going to trade” understanding that no trade is better than a bad trade is a big part of capital preservation which is a key for survival and hopefully success to follow. Continue reading “Support and Resistance Levels”

Daily Mini S&P 500 Futures Chart | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

EU economic summit all day tomorrow along with some other economic news out of the US will provide the markets with some news to digest.

As I mentioned over the last few days, i still don’t have a clear direction of where this market is headed and either way, i expect volatility to continue. Continue reading “Daily Mini S&P 500 Futures Chart | Support and Resistance Levels”

Important Price Levels SP 500 – Market Leader | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart

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1. Market Commentary

Volatility remains high and what I wrote the last few days, still holds:

As far as the daily chart, I am now confused again….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks.

With the close today I am now leaning towards the long side…..BUT still not excited about the risk / reward scenario. Continue reading “Important Price Levels SP 500 – Market Leader | Support and Resistance Levels”

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.