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Category: futures trading education

What Changed? + Futures Trading Levels for Oct. 25th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What Changed??

The past two weeks have seen very choppy price action especially in stock indices futures, with sudden and sharp swings from highs and lows.

This contrasts with the smoother and steadier price action we witnessed before the terrible October 7 attack on Israel. As a trader, you need to evaluate the market conditions and the instruments you are trading, and how they respond to geopolitical events and overall market rhythm and price action.

You also need to adapt and be alert to what is changing, because what worked six weeks ago may need some adjustment in order for it to work for the next six weeks. Day trading is challenging, and many times price movement is just noise in a trending or non-trending environment. Some people try to use order flow to get clues and capture a small part of the market, while others trade based on the news and overall market feel.

In my opinion, using counter trend techniques and respecting the VWAP has been more effective in these past two weeks than other methods. Plan your trade, trade your plan!

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

 

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. 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.

Plan your trade and trade your plan.

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-25-2023

#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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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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.

Earnings, New Home Sales and Geo Political Situation + Futures Trading Levels for Oct. 24th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week Ahead: Earnings, ECB rate Decision, GeoPolitical

By Senior Broker, John Thorpe

The Week ahead barring any new geopolitical tensions as we remain vigilant scanning the actions of many political leaders throughout the globe as genuflection = volatility. Chest thumping aside, Wednesday’s important number is New Home sales.

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As for the most anticipated earning reports this week the following is from Barron’s:

In terms of the most anticipated names, here is the calendar for the week:

MSFT

0.99%

(ticker: MSFT), Google-parent Alphabet

GOOGL

0.97%

(GOOGL), Snap (SNAP) and Texas Instruments (TXN) report September quarter numbers.

  • Wednesday: Meta Platforms (META) and IBM (IBM)
  • Thursday: Amazon.com (AMZN) and Intel

INTC

-3.81%

(INTC)

Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta

META

1.95%

, at 21%, and Amazon

AMZN

1.38%

, at 11%. On the other side of the list are Texas Instruments and Intel, with their revenue forecast to decline 13% and 12%, respectively.

Plan your trade and trade your plan.

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Existing Home sales released at 9am CDT are expected to report Year over year sales greater than -16%

Watch your blindside and expect more volatility! Plan your trade and trade your plan.

 

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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-24-2023

#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

 

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

Trading Crude Oil Futures in the USA Amidst Middle East Conflict + Futures Trading Levels for Oct. 17th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Trading Crude Oil Futures in the USA Amidst Middle East Conflict

Learn more about trading Crude Oil Futures with E-Futures.com here.

Trading oil futures, particularly crude oil futures, plays a pivotal role in the global energy market and is influenced by a multitude of factors. This article explores the dynamics of trading oil futures in the United States and delves into the impact of Middle East conflicts, with a specific focus on recent events in Israel and Gaza. These geopolitical tensions have far-reaching implications for oil futures, as the Middle East remains a crucial source of crude oil production.

Crude Oil Futures in the USA

Crude oil is a fundamental component of the global economy, and the United States, as one of the largest consumers and producers of oil, is deeply entrenched in the world of oil futures trading. Crude oil futures are standardized contracts that allow traders to buy or sell a specified amount of crude oil at a predetermined price on a future date. In the USA, these futures are primarily traded on the New York Mercantile Exchange (NYMEX) under the ticker symbol CL.

The demand for crude oil futures in the USA is driven by various factors, including:

  1. Energy Consumption: The USA is one of the world’s largest consumers of energy, and oil is a primary source. Crude oil futures provide a way for energy companies, airlines, and other sectors to hedge against price fluctuations.
  2. Speculation: Speculators in the commodities market often trade crude oil futures, hoping to profit from price movements. This speculative activity can increase market liquidity and influence short-term price changes.
  3. Global Events: Geopolitical events, especially those in oil-producing regions, have a significant impact on oil futures trading. The Middle East, being a major source of oil production, has been a focal point for oil market participants.

Middle East Conflicts and Oil Futures

The Middle East is known for its volatile geopolitical environment, often stemming from religious, territorial, and political disputes. Recent events in Israel and Gaza have further highlighted the role of geopolitical tensions in influencing oil futures prices.

  1. Supply Disruptions: The Middle East, particularly the Persian Gulf, is home to some of the world’s largest oil reserves. Ongoing conflicts in the region can disrupt oil production, leading to supply shortages. These disruptions can cause a surge in oil prices, impacting crude oil futures.
  2. Market Sentiment: Even the perception of conflict or potential supply disruptions can drive market sentiment. Traders closely monitor developments in the Middle East, and any escalation of tensions can lead to increased speculation and higher trading volumes in crude oil futures.
  3. OPEC and Non-OPEC Nations: The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC nations in the Middle East play a pivotal role in global oil production. Geopolitical tensions can influence OPEC’s decision-making, leading to production cuts or increases, directly impacting oil futures prices.

Impact of Recent Israel-Gaza Conflict

The Israel-Gaza conflict, a long-standing and deeply rooted conflict in the Middle East, has repeatedly led to fluctuations in oil prices and, consequently, crude oil futures. Recent escalations in the region have had the following effects:

  1. Oil Price Volatility: The Israel-Gaza conflict has added uncertainty to global oil markets, causing crude oil futures to exhibit increased volatility. Traders react to events in the Middle East by adjusting their positions in response to the shifting geopolitical landscape.
  2. Safe-Haven Assets: Investors often turn to commodities like gold and oil as safe-haven assets during times of geopolitical turmoil. This shift in investor sentiment can drive up demand for crude oil futures.
  3. Production Risk: Israel is not a major oil producer, but it is geographically close to critical oil transit routes, such as the Suez Canal. Any disruption to these routes can have a domino effect on global oil supply, impacting crude oil futures prices.
  4. Influence on OPEC: The Israel-Gaza conflict can exert pressure on OPEC member nations, some of which are involved in the conflict. Geopolitical considerations, including their economic and political interests, can affect OPEC’s oil production decisions.

Risk Management in Oil Futures Trading

Given the inherent volatility in oil markets, traders in crude oil futures must employ effective risk management strategies. These include:

  1. Diversification: Traders can spread their risk by diversifying their investment portfolio, not focusing solely on crude oil futures. This can mitigate losses during periods of heightened geopolitical tensions.
  2. Stop-Loss Orders: Setting stop-loss orders allows traders to define their maximum acceptable loss. If the market moves against them, the position is automatically closed when the stop-loss level is reached.
  3. Fundamental Analysis: Staying informed about geopolitical events and oil market fundamentals is essential. Traders need to understand how these factors can influence oil futures prices.
  4. Technical Analysis: Utilizing technical analysis tools can help traders identify price trends, entry and exit points, and potential price targets.

Trading crude oil futures in the USA is a complex and dynamic process that is deeply interconnected with global geopolitics. Recent events in the Middle East, especially the Israel-Gaza conflict, highlight the significant influence of geopolitical tensions on oil futures prices. Traders and investors must remain vigilant, stay informed, and employ effective risk management strategies to navigate the ever-changing landscape of crude oil futures trading. As the world continues to rely on oil as a primary energy source, the impact of geopolitical conflicts on oil futures remains a critical consideration in the financial markets.

 

Ready to start trading futures? Call

1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey at E-Futures.com today.

 

Plan your trade and trade your plan.

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-17-2023

#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

 

Download your FREE copy of Order Flow Essentials!

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Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 16th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1167

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Trading Around Economic Reports
  • Hot Market of the Week – December Cotton
  • Broker’s Trading System of the Week – ES Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

  • Trading Resource of the Week 

Trading Key Economic Reports

As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
  • What is GDP?
  • About the Retail Sales Report
  • What is NFP ( non farm payroll) Report?
  • Understanding US housing Data
  • FOMC
  • Understanding Oil Data Report
  • Importance of Consumer Confidence Survey

ACCESS THE COURSE NOW

KeyEconomicReports
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.
December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 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.
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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.
PRODUCT
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000.00
COST
USD 127 / 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.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for October 13th, 2023
#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
Trading Reports for Next Week
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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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.

 

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.

CPI Tomorrow + Futures Trading Levels for Oct. 12th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know for the last two trading days of the week

 By Mark O’Brien, Senior Broker

 

General: 

 

This morning the Labor Department released data on U.S. producer prices.  It showed a higher-than-expected 0.5% uptick in food and energy prices at the wholesale level.  The so-called core Producer Price Index – a narrower measure that excludes food, energy and trade services – showed a 0.2% increase, which matched forecasts.  Looking at the big picture, the report suggests inflation remains stubborn and the Fed will remain vigilant in it continued efforts to check the U.S. economy with care and reduce inflation.

 

Markets look at the PPI as a leading indicator for inflation, as it gauges a wide variety of costs for pipeline goods that feed to consumer products.

 

In recent days, central bank officials have indicated that they may not need to enact additional hikes as Treasury yields have risen sharply on their own, tightening financial conditions. That in turn has helped assuage market fears, leading stocks higher this week.

 

Tomorrow, The Bureau of Labor Statistics will release its more closely watched Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.

 

Metals: 

 

Trading off its near one-year lows below $1,825/ounce on Friday, Dec. Gold has raced up ±$70/ounce as the crisis in Israel / Gaza / Lebanon has intensified.  This commodity futures contract will likely show to be more sensitive to the turn of events in the region than any other.

 

Along the same lines, from a from a commodity price influencing perspective, the fighting in Israel / Gaza / Lebanon should have a limited impact on most commodities.  Any sensitivity reactions in the markets will presumably be seen in indexes (seemingly sensitive to anything), energies and some currencies.  Any signs the conflict escalates to involve other notable / regional state / non-state actors, traders should anticipate increased volatility in these market sectors and approach your trading appropriately.

 

Plan your trade and trade your plan.

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-12-2023

#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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Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

9d656719 1039 4191 ad3a 37b6638d6982

 

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 & FOMC Minutes Tomorrow + Futures Trading Levels for Oct. 11th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

PPI & FOMC Minutes Tomorrow

Tomorrow @ 7:30 CDT Producer Price Index values will be released: Producer prices in September are expected to rise 0.3 percent on the month versus a 0.7 percent increase in August. The annual rate in September is seen at 1.7 percent versus August’s 1.6 percent increase. September’s ex-food ex-energy rate is seen rising 0.2 percent on the month and 2.1 percent on the year versus August’s 0.2 percent on the month and 2.2 percent yearly rise.

Also tomorrow, The Fed minutes will be released @ 1:00 PM CDT: Detailing the issues of debate and consensus among policymakers, the Federal Open Market Committee issues minutes of its latest meeting three weeks after the meeting.

Plan your trade and trade your plan.

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-11-2023

#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

Download your FREE copy of Order Flow Essentials!

 

b0ba1776 c0cd 4536 92c1 eef6595d7173

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

e15b33b8 ac12 4c89 a52f b537c79d80ae

 

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.

Exploring a Multitude of Futures Trading Platforms at Cannon Trading

Posted on by Cannon Operations

Read more about futures trading platforms offered by Cannon Trading Company here.

Futures trading platforms have evolved significantly over the years, offering traders a plethora of options to cater to their specific needs. Cannon Trading, a prominent brokerage firm, recognizes the importance of providing a wide array of futures trading platforms to its clients. In this comprehensive overview, we will delve into the various futures trading platforms available at Cannon Trading, offering traders a comprehensive understanding of their options.

Futures Trading Platforms

Sierra Charts
Sierra Charts is a renowned name in the futures trading industry. It is highly regarded for its advanced technical analysis tools, customizable charting options, and extensive historical data. Traders can execute orders, perform technical analysis, and backtest strategies efficiently with Sierra Charts.

Cannon Pro (Mac Compatible)
Cannon Pro is designed for Mac users, ensuring that traders using Apple devices have access to a powerful trading platform. It offers real-time market data, advanced charting tools, and order execution capabilities.

Volumetrica Trading
Volumetrica Trading is a specialized platform for traders focused on order flow and volume analysis. It provides detailed insights into market dynamics, helping traders make informed decisions based on order book data.

MultiCharts
MultiCharts is a popular trading platform known for its extensive back testing and automated trading capabilities. It supports multiple data feeds and brokers, making it a versatile choice for traders.

Tradingview
Tradingview is a web-based platform that offers advanced charting and social networking features. Traders can share ideas, collaborate with others, and access a wide range of technical indicators and drawing tools.

Overcharts
Overcharts is a user-friendly platform known for its intuitive design and advanced charting capabilities. It provides access to various data sources and features seamless order execution.

Bookmap
Bookmap is a unique platform that visualizes order book data in a clear and insightful manner. Traders can analyze market liquidity and order flow to make precise trading decisions.

MarketDelta
MarketDelta is designed for traders who focus on order flow analysis. It offers tools to track market profile, volume, and Delta, providing valuable insights into market sentiment.

MotiveWave (Mac Compatible)
MotiveWave is a Mac-compatible trading platform known for its advanced technical analysis tools, Elliott Wave analysis, and options trading capabilities.

Trade Navigator
Trade Navigator is a comprehensive platform that offers real-time data, advanced charting, and customizable indicators. It is suitable for both novice and experienced traders.

MT5 (MetaTrader 5)
MetaTrader 5, commonly known as MT5, is a versatile platform that supports not only futures trading but also forex and CFDs. It features automated trading options, customizable charts, and a wide range of technical indicators.

Additional Trading Platforms
Cannon Trading also provides access to several other trading platforms, each with its unique features and capabilities. These platforms include API (Application Programming Interface), Quantower, E-Futures, FireTip (Mac Compatible), CQG Trader, RTrader/Rithmic, CTS T4 (Future Spreads), AgenaTrader, eSignal, Ensign Software, QT Market Center, BarChart Trader, iSystems Automated Trading Platform, Investor/RT, Corn Futures, and Nasdaq Futures.

Futures & Options Trading
Cannon Trading’s platform offerings extend beyond futures trading to include options trading as well. Traders can explore a variety of options strategies and execute trades seamlessly on these platforms.

Cannon Trading’s commitment to offering a diverse range of futures trading platforms reflects its dedication to meeting the diverse needs of traders. Whether you are an advanced trader seeking in-depth technical analysis tools or a beginner looking for a user-friendly platform, Cannon Trading has a solution for you. The platforms mentioned above cover a wide spectrum of features, catering to traders with various trading styles and preferences. By providing access to these platforms, Cannon Trading empowers traders to make informed decisions and navigate the complex world of futures trading with confidence.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Understanding psychological biases at work that can affect your trading plan + Levels for Sept. 27th

Posted on by Ilan
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Understanding psychological biases at work that can affect your trading plan

List generated by  By John Thorpe, Senior Broker

Technical analysis is not a flawless science, and it is susceptible to various biases that can impact trading decisions and performance. Recognizing and addressing these biases is essential for becoming a more disciplined and successful trader.

Here are some common technical analysis biases and strategies to avoid or overcome them:

  • Confirmation Bias:
    • Bias: This occurs when traders only seek or give importance to information that confirms their existing beliefs or positions.
    • Avoidance Strategy: Actively seek out information and technical signals that might contradict your initial analysis. Be open to changing your view based on objective data rather than personal bias.
  • Overfitting Bias:
    • Bias: Overfitting happens when traders use too many technical indicators, parameters, or complex strategies to fit historical data perfectly, but these strategies may not perform well in future markets.
    • Avoidance Strategy: Keep your technical analysis simple and use a limited number of well-established indicators and patterns. Focus on robust strategies that have demonstrated reliability over time.
  • Recency Bias:
    • Bias: Traders tend to give more importance to recent price movements and patterns, assuming they will continue, while ignoring longer-term trends or historical context.
    • Avoidance Strategy: Consider a longer time horizon and look at historical price data to gain perspective. Avoid making impulsive decisions based solely on recent price action.
  • Anchoring Bias:
    • Bias: This bias occurs when traders fixate on a specific price level or a reference point, often the entry price, and refuse to adjust their positions or exit strategies accordingly.
    • Avoidance Strategy: Regularly reassess your positions and set stop-loss and take-profit levels based on current market conditions rather than anchoring to an arbitrary point.
  • Availability Bias:
    • Bias: Traders might rely too heavily on readily available information or recent news, leading to biased analysis and decision-making.
    • Avoidance Strategy: Seek a variety of information sources and avoid making hasty decisions based solely on the latest news. Maintain a broader perspective on market fundamentals.
  • Gambler’s Fallacy:
    • Bias: Traders may believe that past events, like a series of losses, increase the likelihood of future events, such as a win, even though markets are not governed by probability in the same way as games of chance.
    • Avoidance Strategy: Trade based on sound technical and fundamental analysis rather than expecting a change in luck. Each trade should be evaluated independently.
  • Emotional Bias:
    • Bias: Emotional responses, such as fear and greed, can cloud judgment and lead to impulsive decisions.
    • Avoidance Strategy: Develop a trading plan with predefined entry and exit points, risk tolerance, and position sizing. Stick to your plan and avoid letting emotions drive your actions.
  • Hindsight Bias:
    • Bias: After a trade has concluded, traders may believe they knew the outcome all along, leading to overconfidence in their abilities.
    • Avoidance Strategy: Keep a trading journal to record your analysis, decisions, and outcomes. This will help you learn from your experiences and avoid hindsight bias.
  • Self-Attribution Bias:
    • Bias: Traders may attribute successful trades to their skill and unsuccessful trades to external factors or bad luck.
    • Avoidance Strategy: Be honest with yourself about your strengths and weaknesses as a trader. Analyze both winning and losing trades to identify areas for improvement.
  • Anxiety Bias:
    • Bias: Anxiety can lead to hesitation or overtrading, causing traders to miss opportunities or make impulsive decisions.
    • Avoidance Strategy: Implement stress-reduction techniques, maintain discipline, and stick to a well-defined trading plan to mitigate anxiety-related biases.

Being aware of these biases is the first step toward becoming a more rational and disciplined trader. It’s also beneficial to continuously educate yourself, practice risk management, and seek feedback from mentors or peers to improve your trading skills and reduce the impact of these biases on your performance.

 

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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 when it comes to Futures Trading.

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Futures Trading Levels

09-27-2023

#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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Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

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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.

Elevate Your Futures Trading Experience with Top-Rated Futures Brokers: The Cannon Trading Company Advantage

Posted on by Cannon Operations

Find out more about trading futures with Cannon Trading Company here.

Futures trading is a dynamic and exciting arena in the world of finance, providing traders with opportunities to speculate on the future price movements of various assets, from commodities to financial indices. However, successful futures trading hinges not only on your strategy but also on the quality of your futures brokerage. Among the myriad options available, Cannon Trading Company emerges as a standout choice. Renowned for its top-rated futures brokers and exceptional customer support, Cannon Trading Company has earned a TrustPilot rating of 4.9 out of 5 stars, making it a compelling option for both seasoned professionals and newcomers to the world of futures trading.

Understanding the necessity of a Futures Brokerage

Before we delve into what sets Cannon Trading Company apart, let’s first explore the role of a futures brokerage firm in the world of futures trading.

  1. Execution of Trades: Futures brokerage firms act as intermediaries between traders and the futures markets. They facilitate the execution of buy and sell orders on behalf of their clients. When a trader wants to enter or exit a futures contract, they do so through their chosen brokerage.
  2. Access to Markets: These firms provide traders with access to a wide range of futures markets, including commodities, currencies, stock indices, and interest rate futures. They offer the necessary infrastructure and technology for traders to engage with these markets.
  3. Risk Management: Futures brokers often offer risk management tools, such as stop-loss and take-profit orders, to help traders manage their positions and mitigate potential losses.
  4. Research and Analysis: Some brokerages provide research and analysis tools to assist traders in making informed decisions. These can include market data, charts, and economic indicators.
  5. Customer Support: Quality customer support is crucial for traders, as they may require assistance with technical issues, account management, or general inquiries.

The importance of choosing the right futures brokerage firm cannot be overstated. It can significantly impact your trading experience, including order execution speed, available tools, and the level of support you receive.

Cannon Trading Company: A Pinnacle in Futures Brokerage

Top-Rated Futures Brokers

One of the key differentiators for Cannon Trading Company is its team of top-rated futures brokers. These professionals bring a wealth of experience and expertise to the table, ensuring that traders receive the guidance and support needed to navigate the complex world of futures trading.

  1. Experience: Cannon Trading brokers have years of experience in futures markets, giving them valuable insights into market dynamics and trends. This experience allows them to assist traders in making informed decisions.
  2. Personalized Service: Each trader’s needs are unique, and Cannon Trading brokers understand this. They provide personalized service, tailoring their assistance to the specific goals and preferences of each client.
  3. Accessibility: Accessibility to your broker is crucial, especially in the fast-paced world of futures trading. Cannon Trading brokers are readily available to answer questions, offer advice, and provide support when needed.

Exceptional Customer Support

The importance of customer support in futures brokerage cannot be overstated. Traders often require prompt assistance, whether it’s resolving technical issues, understanding market conditions, or executing complex trades. Cannon Trading Company excels in this regard, and it’s reflected in their TrustPilot rating of 4.9 out of 5 stars.

  1. TrustPilot Rating: TrustPilot is a widely recognized platform for customer reviews and ratings. Achieving a rating of 4.9 out of 5 stars is a testament to the exceptional level of service provided by Cannon Trading Company. Traders can trust that they are partnering with a brokerage firm that consistently goes above and beyond to meet their needs.
  2. Prompt Response: When traders need assistance, they don’t want to wait for extended periods to get answers. Cannon Trading Company understands this and ensures that their customer support team responds promptly to inquiries and concerns.
  3. Expertise: The customer support team at Cannon Trading Company is staffed with knowledgeable professionals who understand the intricacies of futures trading. They can provide valuable insights and solutions to traders’ questions and challenges.

Wide Range of Futures Markets

Cannon Trading Company offers access to a diverse range of futures markets, catering to the interests and strategies of traders from all backgrounds.

  1. Commodities: For those interested in trading commodities such as gold, oil, or agricultural products, Cannon Trading provides access to a wide array of commodity futures markets.
  2. Currencies: Currency futures are popular among forex traders looking to diversify their portfolios. Cannon Trading offers access to currency futures, allowing traders to speculate on exchange rate movements.
  3. Indices: Stock market indices like the S&P 500 and NASDAQ are essential instruments for many traders. Cannon Trading provides access to futures contracts based on these indices, enabling traders to participate in the broader equity market.
  4. Interest Rates: Interest rate futures are crucial for traders who want exposure to bond markets and interest rate fluctuations. Cannon Trading offers a range of interest rate futures to meet these needs.

Educational Resources

In addition to providing access to markets and exceptional customer support, Cannon Trading Company offers educational resources to empower traders at all levels of expertise.

  1. Webinars and Seminars: Cannon Trading hosts webinars and seminars to educate traders on various aspects of futures trading. These events cover topics like technical analysis, risk management, and trading strategies.
  2. Market Analysis: The company provides market analysis reports and insights to help traders make informed decisions. These reports can be invaluable for staying updated on market trends.
  3. Trading Tools: Cannon Trading offers a suite of trading tools and platforms designed to streamline the trading process and provide traders with the resources they need to succeed.

Why TrustPilot Matters

TrustPilot is a reputable platform for customer reviews and ratings, known for its transparency and authenticity. Achieving a high rating on TrustPilot is a significant accomplishment for any business, especially in the competitive world of futures brokerage. Here’s why Cannon Trading Company’s TrustPilot rating of 4.9 out of 5 stars matters:

  1. Transparency: TrustPilot reviews are submitted by actual customers, ensuring the authenticity of feedback. Traders can rely on these reviews when evaluating the quality of a brokerage.
  2. Trustworthiness: A high rating on TrustPilot indicates that a company has consistently provided excellent service and met the expectations of its customers. Traders can trust that they are dealing with a reputable brokerage.
  3. Customer Satisfaction: The rating reflects the overall satisfaction of customers. A 4.9-star rating suggests that the majority of Cannon Trading Company’s clients have had a positive experience with the firm.

Choosing the right futures brokerage firm is a pivotal decision for anyone involved in futures trading. Cannon Trading Company has risen to prominence in this competitive field, thanks to its top-rated futures brokers and exceptional customer support. With a TrustPilot rating of 4.9 out of 5 stars, Cannon Trading Company exemplifies a commitment to excellence that resonates with both professional traders and beginners in futures trading.

When partnering with Cannon Trading Company, traders gain access not only to a diverse range of futures markets but also to a team of experienced professionals who are dedicated to their success. Whether you’re seeking personalized guidance, prompt customer support, or educational resources to enhance your trading skills, Cannon Trading Company stands ready to elevate your futures trading experience to new heights. In the ever-evolving world of finance, having a reliable and top-rated futures broker like Cannon Trading Company by your side can make all the difference in your futures trading journey.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

 

What You Need to Know if you are Trading Futures on Sept. 1st 2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know before trading futures tomorrow, September 1st 2023

by Ilan Levy-Mayer, VP

  1. NFP is tomorrow! Non Farm Payrolls also known as employment numbers. Big report regardless, even bigger impact of this one after the fed’s words in Jackson Hole. This is a market moving event and we expect high volatility, right before, during and right after.
  2. ISM will be released 90 minutes after the NFP!
  3. Tomorrow is the first day of Q4 as well as the Friday before Labor Day, expect higher volatility than normal.
  4. Labor day is here, see modified trading schedule HERE

 

 

Plan your trade and trade your plan

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

09-01-2023

#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

 

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

4058ce24 64a1 42ff 8aa1 e56fba5be98b

 

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.