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Category: futures trading education

Quick Videos on Trading Techniques + Futures Trading Levels for 9.25

Posted on by Ilan
Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our YouTube Channel Listen to our Market Recap Podcasts on Apple Podcasts
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Trading Videos

Instant Viewing

Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

  • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
  • Some common uses you can make of support and resistance levels.
  • Filter out the noise with range bar charts
  • “Price Confirmation”

WATCH NOW

 
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Daily Levels for September 26, 2024

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572. Explore trading methods. Register Here
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* 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 judgement in trading.   #Equities, #Consolidation phase, #Interest rates, #Precious metals, #Gold, #Silver, #US Dollar, #Crude oil prices, #HurricaneHelene, #Middle East tensions, #Chinese stimulus, #Redbook US Retail Sales, #Case Schiller US Metro-Area Home Prices, #Richmond Fed Manufacturing Index, #Service Sector Index, #Consumer Confidence, #New Home Sales, #Micron Technology

Your Futures Daily Blog: Get An Edge With the Trading Psychology Course

Posted on by Ilan



Subscribe to our YouTube Channel

 

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Get An Edge With the Trading Psychology Course

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.

In this “Trading Psychology” Course you will learn:

  • How to examine your patterns and behaviors and recognize when they are holding you back
  • Maintaining self-confidence as a trader even in the face of inexperience
  • The mathematical expectation model and how it can decrease your losses
  • Determining the trading plan that is right for your trading personality
  • Understanding and using Motivation – Risk – Reward to its full advantage
  • Creating effective trading technique strategies
  • Qualities of Successful Traders

Grow Your Trading – Start Now!

 

 

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Daily Levels for March 22nd, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

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* 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 judgement in trading.

PPI & Retails Sales + Trading Levels for March 14th

Posted on by Ilan
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Subscribe to our YouTube Channel

 

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Market Overview for the last 2 trading days of the week

By Mark O’Brien

Heads up:

 

Keep an eye out for the second of this week’s inflation reports: the Bureau of Labor Statistics’ Producer Price Index.  The report will be released tomorrow, 7:30 A.M., Central Time.

 

Energy:   

 

This morning, the Energy Information Agency released its weekly crude oil stocks report and the data was a bullish curveball showing a surprise withdrawal in U.S. crude inventories and a bigger-than-expected drop in U.S. gasoline stocks.  April RBOB gasoline futures rose over seven cents as of this typing – a ±$3,000 per contract move – up to ±$2.66 per gallon, close to 6-month highs.  Spurring the price increase, Ukrainian drone attacks struck several oil refining facilities in Russia for the second day, damaging its refining capacity

Metals:   

 

In concert with the month-long slump in the U.S. dollar and a lingering expectation the Fed will reduce borrowing costs this June, today gold is chipping away at its ±$20 sell-off Monday and poised to around its prior all-time high close (basis April): $2,188.60/oz.  As of this typing, April gold is ±$2,177.00.

 

Indexes: 

 

All three major stock indexes have sustained trading near their all-time highs this week – after the Personal Consumption & Expenditures Price Index on April 1st (the Fed’s preferred U.S. inflation gauge), February’s non-farm payrolls last Friday and Tuesday’s higher-than-expected CPI reading yesterday.  As of this typing, prices are mixed ahead of tomorrow’s release of the Bureau of Labor Statistics’ Producer Price Index.

 

Softs: 

 

So far, the king of all-time highs this week is not Bitcoin (see below).  It’s Cocoa.  The May cocoa contract broke above $7,000/ton, nearly $2,000/ton higher over the last month – a ±$20,000 per contract move, including today’s 361-point ($3,6010) move today – with “no top in sight,” stated by The Hightower Report.

 

Crypto:

 

March Bitcoin futures are set to close at a new all-time high above 73,000 today.  With the Bitcoin ETF now trading, remember that the world’s largest futures and options exchange – the CME Group – offers Bitcoin and Micro Bitcoin futures and options with efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.  Make it your choice for managing cryptocurrency risk.

 

 

Plan your trade and trade your plan

 

Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

 

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Daily Levels for March 14th, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

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* 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 judgement in trading.

The Best $5 and 5 Daily Minutes You Can Invest in Your Trading!

Posted on by Ilan
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Subscribe to our YouTube Channel

 

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Today’s CPI report, market action and looking back at my notes from previous CPI trading days encouraged me to share the below:

Maintaining a trading journal is a critical practice for any trader who aims to achieve long-term success in the markets. This meticulous record-keeping serves several vital functions that contribute to a trader’s development and strategy refinement.

Self-Reflection and Accountability: A trading journal fosters a habit of self-reflection. By documenting the details of each trade, including the rationale behind entry and exit points, traders can review their decisions objectively. This process encourages accountability and helps traders to recognize patterns in their trading behavior, both successful and detrimental.

Strategy Optimization: Over time, a trading journal becomes a valuable data repository that traders can analyze to fine-tune their strategies. By identifying what works and what doesn’t, traders can make informed adjustments to their approach, discard ineffective methods, and capitalize on strategies that yield positive outcomes.

Emotional Regulation: Trading can be an emotional endeavor, and a journal can act as a stabilizing force. By committing to a disciplined recording of trades, traders can distance themselves from the emotional highs and lows of market volatility. This emotional detachment is crucial for making rational, data-driven decisions.

Performance Tracking: A trading journal enables traders to track their performance over time. It provides a clear picture of profit and loss, helping traders to assess their financial progress and set realistic goals for future trades.

Learning Tool: For novice traders, a journal is an invaluable learning tool. It allows them to learn from their mistakes and successes, accelerating their journey towards becoming proficient traders.

In essence, a trading journal is more than just a record of transactions; it is a trader’s roadmap to continuous improvement and strategic mastery. It is an indispensable tool for anyone serious about excelling in the dynamic world of trading.

 

 

Plan your trade and trade your plan

 

Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

 

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Daily Levels for March 13th, 2024

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b0ba1776 c0cd 4536 92c1 eef6595d7173

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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 judgement in trading.

Weekly Newsletter: Understanding Open Interest, May Wheat Outlook and Automated System of the Week

Posted on by Ilan
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Cannon Futures Weekly Letter Issue # 1185

In this issue:
  • Important Notices – Change Your Clocks!
  • Trading Resource of the Week – Trade Alerts Via Email/Text
  • Hot Market of the Week – May Wheat
  • Broker’s Trading System of the Week – MidCap SP Swing System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

  • FED Blackout Period Begins Sat. 9th, lasts for 9 business days
  • A smattering of earnings. Mostly Microcap to Midcap: Adobe Reports
  • Tuesday and Thursday Data: CPI, Jobless claim , Retail sales and PPI
  • Begin Trading June indices if you haven’t already: M = June
  • Spring your Clocks forward for those countries that subscribe to Daylight Savings. 

 

 

Trading Resource of the Week : Understanding Open Interest by CMEgroup.com

Understanding Open Interest
Open interest is the total number of futures contracts held by market participants at the end of the trading day. It is used as an indicator to determine market sentiment and the strength behind price trends.
Unlike the total issued shares of a company, which typically remain constant, the number of outstanding futures contracts varies from day to day.
Open interest is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed.
For example, Sharon, Cynthia and Kurt are trading the same futures contract. If Sharon buys one contract to enter a long trade, open interest increases by one. Cynthia also goes long and buys six contracts, thereby increasing open interest to seven. If Kurt decides to short the market and sells three contracts, open interest again increases to 10.
Open interest would remain at 10 until the traders exit their positions, at which point open interest declines. For example, open interest declines to nine when Sharon sells one contract. When Kurt decides to exit his position, he buys back his three contracts and brings open interest down to six. At this point, until Cynthia decides to sell her six contracts, open interest will remain constant at six.
Open interest and volume are related concepts, one key difference is that volume counts all contracts that have been traded, while open interest is a total of contracts that remain open in the market.
Traders can think of open interest as the cash flowing to the market. As open interest increases, more money is moving into the futures contract and as open interest declines money is moving out of the futures contract.
CME Group products with the largest open interest include Eurodollars, Treasuries and stock index futures.
Open Interest Analysis
Analysts typically use open interest to confirm the strength of a trend. Increasing open interest is typically a confirmation of the trend whereas decreasing open interest can be a signal that the trend is losing strength.
The idea is that traders are supporting the trend by entering the market that increases the open interest. As traders lose faith in the trend they exit the market and open interest declines.
Open interest data is published at the end of each day. Additionally, every Friday afternoon, the CFTC publishes a report called the Commitment of Traders.
This report details open interest from different classes of market participants and whether they are holding a long or short position. This breakdown offers valuable insights into what producers, merchants, processors, users, swap dealers and money managers are doing in the market for a futures contract.
Open interest is one variable that many futures traders use in their analysis of the markets used in conjunction with other analysis to support trade decisions. Large changes in open interest can be an indicator when certain participants are entering or leaving the market and may give clues to market direction.
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  • Hot Market of the Week – May Wheat
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
May Wheat
May wheat in Chicago broke down into a new contract low yesterday where the chart satisfied its third downside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF you can sustain further weakness, we are left with the low percentage fourth objective to aim for around $4.20.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
MidCap SP
SYSTEM TYPE
Swing
COST
USD 110 / monthly
Recommended Cannon Trading Starting Capital
$50,000
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

Daily Levels for March 11th 2024

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Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week:

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

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* 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 judgement in trading.

Cannon Futures Weekly Letter Issue # 1184 + Futures Trading Levels for the week of 3.04.2024

Posted on by Jenny Collins
Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

COMMODITIES 240131

Cannon Futures Weekly Letter Issue # 1184

 

In this issue:
  •  Important Notices – Monetary Policy Congressional Testimony
  • Trading Resource of the Week – Trade Alerts Via Email/Text
  • Hot Market of the Week – April Unleaded
  • Broker’s Trading System of the Week – NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Plan your trade and trade your plan

Important Notices –
  • Earnings: incl. Broadcom,Costco,Target,Oracle and Crowdstrike
  • Hon. J.Powell: semiannual Monetary Policy Congressional Testimony/Wed
  • Data: NonFarm Payrolls/Employment Situation/Fri
  • Ag Data: WASDE and USDA Supply/Demand/Fri
  • June is front month for Bonds
Trading Resource of the Week :
 Real Time Email and/or Text Alerts
Directly to your Phone!
  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • Example: Buy April Crude Oil at 79.76 on limit. Target will be 83.54. Stop at 76.36
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Alerts are SWING Trades
  • See an example of a recent trade alert for Crude Oil Futures in the image below – a new trade alert from Friday, March 1st

Trade Alert Sample for Crude Oil futures below

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  • Hot Market of the Week – April RBOB (unleaded)
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
April RBOB completed its first upside PriceCount objective this month before setting back in a consolidation trade. At this point, IF the chart can resume its rally with new sustained highs, the second count would project a run to the $2.73 area which is consistent with a challenge of the fall high.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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   Broker’s Trading System of the Week
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
 Anansi mini nasdaq 5
PRODUCT
Mini NASDAQ 100
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$30,000
COST
USD 245 / monthly

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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
S
No
S
S

Daily Levels for March 4th, 2024

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Would you like to receive daily support & resistance levels?
Yes
S
No
S
Weekly Levels

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First Notice (FN), Last trading (LT) Days for the Week:
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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 judgement in trading.

Trade Management + Futures Trading Levels 3.01.2024

Posted on by Ilan
Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

 

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Trade management is more important than Market Analysis….

I have done this so many times before, my colleagues tell me when it happens to them as well as some of my clients….You have the perfect read on the market. The market actually ends up doing what you thought it would and in a BIG way…yet somehow you managed to LOSE money despite your perfect analysis. To me this is sometimes more frustrating than having a bad losing day.

What happened?

Poor trade management, that’s what happened.

Yes, reading the market well is a much needed quality if you plan on making money rather than contributing donations to the market but more important is how you manage the trade / position once you read the market. Much easier said than done, especially after the fact but here are some tips that I am hoping will assist you in the next time you have a good market read.

By the way, the reason to this quick trading tidbit is the stock market rally we saw today in stock indices. Both my colleague and I “had the right analysis” on this possible rally yet he managed to lose and get stopped out twice while I took a small piece of the rally BUT not nearly as much as I should have….

1.      You don’t have a crystal ball. To think you can buy an ES contract in this volatility and use a 2 point stop in hopes of making 20 points profit is a very low probability event…you would need to buy it at the PEREFECT time for this to happen. Point is, with higher volatility you need to use WIDER stops to give yourself a chance. That may mean using SMALLER trade size.

2.      If you are able to, share your read with another trader, it may provide you with a better perspective just by sharing.

3.      If you think there is room for a big move or what we call a “runner” – be prepared to for the pullbacks. Use multiple time frames to gain a better perspective and hang in there for the big move, if this is what you think can happen.

4.      If you have enough risk capital, try to use multiple contracts, example buying 2 rather than 1. Taking profit on the first part of the position will help you relax and look at what the market is really telling you rather than what you would like it to say. It helps reduce both the fear and the greed.

5.      “Plan your trade, trade your plan”

Again these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation.

 

Plan your trade and trade your plan

 

 

 

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Daily Levels for March 1st, 2024

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b0ba1776 c0cd 4536 92c1 eef6595d7173

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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 judgement in trading.

Weekly Newsletter: Turning Points Algo Signals on your Own Charts!

Posted on by Ilan
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Subscribe to our YouTube Channel

C14

Cannon Futures Weekly Letter Issue # 1183

In this issue:
  • Important Notices – PCE, ISM, May Softs
  • Trading Resource of the Week – Trade Signals on Your Own Charts!
  • Hot Market of the Week – July Wheat
  • Broker’s Trading System of the Week – NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

  • Heavy Data week: Housing, GDP, Core PCE, and many more..
  • 979 Earnings Reports for the week, Salesforce, Inc. the largest cap.
  • Leap Year
  • March 1st Deadline for some US Budgetary appropriations; Kick the can down the road?
  • May is front month for softs such as Cocoa, Coffee, Sugar, Cotton

 

 

Trading Resource of the Week : Plug our ALGO into your own charts!

Trade futures using either counter trend or trend following concepts ( or what I call a simpler approach to day trading)
In This 25 Minutes Video You Will Learn The Following:
1. Possible advantages of using range bar charts over time charts for day trading
2. Trade set ups using counter trend indicators
3. Trade set ups using trend following indicators
4. The concept of price confirmation
5. Tips and insights from Ilan’s observations of different markets
6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
The trial includes:
  • 28 real time access
  • Introductory remoter session if desired.
  • A video that explains the signals.

 

Watch an Example below using Sierra Charts from February 21st.
You will see the predicted TURNING POINTS marked on the ES intraday chart.
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  • Hot Market of the Week – July Wheat
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
July Wheat
July wheat satisfied its third downside PriceCount objective and reacted with a key reversal with follow through to start today. At this point, IF the chart can resume its break with new sustained lows, we are left with only the low percentage fourth count to aim for in in the $4.62 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
COST
USD 55 / monthly
Recommended Cannon Trading Starting Capital
$20,000
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

Daily Levels for February 26th 2024

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Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week:
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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 judgement in trading.

Weekly Newsletter: Trading Alerts Via text! , 1099s and levels for Feb. 12th

Posted on by Ilan
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Subscribe to our YouTube Channel

Abstract financial candlestick chart with line graph and stock numbers in Double exposure style background

Cannon Futures Weekly Letter Issue # 1181

In this issue:
  • Important Notices –  1099 Forms, Valentines Day, Chinese New year
  • Trading Resource of the Week – Trade Alerts via Text/email
  • Hot Market of the Week – March SoyMeal
  • Broker’s Trading System of the Week – Unleaded Gasoline Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

    • 1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2023 calendar year. Traders should expect to receive their 1099 forms via mail, email or through their portal in early February.
    1099 forms will be provided directly from the FCM to the client.
Important Events Coming Up:
  • Chinese New Year
  • CPI
  • Valentines day
  • Earnings
  • Fed Speakers
  • More Data including PPI

 

 

Trading Resource of the Week : Real Time Email Alerts Directly to your Phone!

Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.
  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
  • See an example of a recent trade alert for Coffee Futures in the image below

 

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  • Hot Market of the Week – March Soymeal
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March Meal
March soymeal resumed its slide where the chart is approaching its third downside PriceCount objective in the $340 area. It would be normal to get a reaction after completing the objective in the form of a near term consolidation or corrective trade, at least. The low percentage fourth count to $231 is not shown here for relevancy but the weekly chart shows significant downside potential remains on a longer term basis.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Swing
COST
USD 160 / monthly
Recommended Cannon Trading Starting Capital
$20,000
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

Daily Levels for February 5th 2024

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Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week:
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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 judgement in trading.

Micro Treasury Yield Futures + Futures Trading Levels for 02.09.24

Posted on by Ilan
Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

 

C12

 

4 MIN READ

US TREASURY

Spreading Treasury Yield Futures

By CME Group

05 FEB 2024

Although the Federal Reserve (the Fed) has been on pause when it comes to interest rate hikes since the summer of 2023, economic uncertainty still looms. The Fed is reducing the size of its balance sheet by decreasing holdings of Treasury and mortgage backed securities, and it is ambiguous on when the first rate cuts will take place.

Given the uncertain economic environment, it is as important as ever to manage Treasury yield curve risk.

Treasury yields

The United States Treasury market stands as one of the largest and most crucial financial markets globally, playing a pivotal role in the functioning of the global economy. The magnitude of the U.S. Treasury market reflects its significance as a safe haven for investors, central banks and institutions seeking low-risk assets. Treasury maturities across the yield serve as an important reference point for risk management across various markets.

➜ Finish Article

 

 

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Daily Levels for February 9th, 2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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 judgement in trading.

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.