Open An Account
Free Demo Account Subscribe Here

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!

Monthly, Weekly and Daily mini SP 500 | 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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 1, 2012

1. Market Commentary

New month is starting and I would like to wish everyone great trading in February.

As the new month starting, I am sharing 3 different charts with you, Monthly, weekly and daily of the mini SP 500.

EP - E- mini S&P 500, Monthly Continuation
EP – E- mini S&P 500, Monthly Continuation

 

EP - E- mini S&P 500, Monthly Continuation
EP – E- mini S&P 500, Monthly Continuation

Regardless if you are day-trading or position trading, sometimes traders can get a better prospective by looking at larger time frames and going down.

EP - E- mini S&P 500, Equalized Active Daily Continuation
EP – E- mini S&P 500, Equalized Active Daily Continuation

Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

If so, please send me an email with the following information:

1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?

Continue reading “Monthly, Weekly and Daily mini SP 500 | Support and Resistance Levels”

Simple Yet Powerful Approach To Using Market Profile In Your Trading

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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
divider black 190

1. Market Commentary

Simple yet Powerful approach to using Market Profile in your trading
Join us for a Webinar on January 18th at 3:30 PM Central time
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/700006690  
Learn the incredible power of Market Profile in this simple and easy to implement approach.

Many have yet to discover  just how easy it can be. So please join us for ‘A Simplified Approach to using Market Profile’
Join Greg Weitzman for this live webinar as he discusses his unique and simplified way to incorporate Market Profile in your trading and leave with some tools you can use immediately in your own trading:
* Simplify and clean up your charts
* Clearly see support , resistance and market inflection points
* Locate key areas for trade entries
As a Bonus all attendees will also receive TheTradingZone basic Chart Templates, pre-configured for Sierra Charts ( ATcharts)
Risk: 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.

 

Title: Simple yet Powerful approach to using Market Profile in your trading
Date: Wednesday, January 18, 2012
Time: 3:30 PM – 4:30 PM CST

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

Continue reading “Simple Yet Powerful Approach To Using Market Profile In Your Trading”

Tuesday Morning Support and 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!

divider black 190

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

 1328.5 

1309.75

 

1302.5

 

1291.75

 

1286.25

 

1276

 2436 

2409

 

2401

 

2376

 

2363

 

2340

 12749 

12600

 

12514

 

12440

 

12401

 

12331

 808.80 

781.6

 

775

 

764.2

 

758.4

 

748.2

 14611 

14603

 

14511

 

14411

 

14326

 

14227

 13203.5 

13130 (all time high)

13123.5

 

13108

 

13031.5

 

13024.5

Continue reading “Tuesday Morning Support and Resistance Levels”

Friday Morning Support and 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!

divider black 190

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

 1309.751301.50

 

1297.5

 

1278.75

 

1272

 

1258.5

 24092399

 

2387

 

2365

 

2355

 

2335

 1274912600

 

12465

 

12341

 

12323

 

12262

 781.6773.7

 

771

 

761.4

 

756.3

 

747.3

 1442614418

 

14407

 

14323

 

14309

 

14217

 1313013114

 

13112

 

13102

 

13028.5

 

13018.5

Continue reading “Friday Morning Support and Resistance Levels”

Thursday Morning Support and 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!

divider black 190

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

 1309.751301.50

 

1297.5

 

1288

 

1283

 

1274.25

 24092399

 

2383

 

2363

 

2352

 

2333

 1274912600

 

12463

 

12341

 

12312

 

12262

 781.6773.7

 

771

 

761.2

 

756

 

746.7

 1442614418

 

14407

 

14316

 

14303

 

14214

 13130 (all time high)13114 

13110

 

13100.5

 

13027

 

13018

Continue reading “Thursday Morning Support and Resistance Levels”

8 Steps to Successful Futures Day Trading | 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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Thursday, January 12, 2012
divider black 190

1. Market Commentary

Cannon Trading Education
8 Steps to Successful Futures Day Trading

Introduction
My name is Ilan Levy-Mayer and I am the Vice President and Senior Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 14 years. The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each 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, 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 trading. The second type of education is ongoing: learning about trading techniques, the evolution of 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.” Continue reading “8 Steps to Successful Futures Day Trading | Support and Resistance Levels”

Wednesday Morning Support and Resistance

Posted on by Ilan

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

divider black 190

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

 1309.75

1392.00

 

1289

 

1279.75

 

1272

 

1267.75

 2409

2399

 

2375

 

2349

 

2334.5

 

2312

 12749

12600

 

12463

 

12341

 

12312

 

12262

 768.4

767

 

763.8

 

751.5

 

743.9

 

731.6

 14426

14331

 

14324

 

14231

 

14219

 

14201

 13107.5

13104

 

13101.5

 

13022

 

13013

 

13014.5

Continue reading “Wednesday Morning Support and Resistance”

Intraday 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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Wednesday, January 11, 2012
divider black 190

1. Market Commentary

So after periods of high volatility towards the end of last year, the last few weeks we saw very tight and narrow ranges.
I am still hoping that this is due to the holidays and end of the year trading and not a market environment that is here to stay with us…..
Last few days ranges on the mini SP have been quite narrow in comparison to November and October of 2011.
Every trader is different and some prefer the “quieter, slower” trading environment, while others prefer “instant gratification or punishment” = volatility.
The crude oil market definitely falls into the second category and below is an intraday chart from part of this morning trading.
I am using 180 tick chart and you can see that in approximately 18 minutes time frame the crude market had a range of about 60 cents which equals to $600 per one contract, against you or in your favor….but the point is, this market has higher volatility and ranges.

518 Continue reading “Intraday Chart | Support and Resistance Levels”

Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

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

divider black 190

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

 1309.75 

1301.50

 

1289

 

1282.5

 

1278.5

 

1271.25

 2409 

2399

 

2375

 

2354.25

 

2345

 

2328

 12749 

12600

 

12463

 

12402

 

12369

 

12312

 768.4 

767

 

761.5

 

754

 

750

 

743

 14324 

14303

 

14222

 

14208

 

14110

 

14025

 13104 

13028

 

13023

 

13019

 

13013

 

13003

Continue reading “Tuesday Morning Support and Resistance Numbers”

Weekly Chart for Long Term Review | 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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Tuesday, January 10, 2012

divider black 190

1. Market Commentary

Still lighter volume than normal today….Choppy action.

Weekly chart for longer term view below:
517 Continue reading “Weekly Chart for Long Term Review | 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.