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Get An Edge With the Trading Psychology Course & Support and Resistance Levels 2.18.2022

Posted on February 17, 2022 by Ilan

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Get An Edge With the Trading Psychology Course

“You Must Understand That There Is More Than One Path To The Top Of The Mountain.”- Miyamoto Musashi, A Book Of Five Rings: The Classic Guide To Strategy

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

ACCESS THE COURSE NOW

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

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.

Futures Trading Levels

02-18-2022

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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

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.

Presidents Day 2022 Trading Schedule & Support and Resistance Levels 2.17.2022

Posted on February 16, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

We’ve seen a slight increase in exchange fees from the CME Group starting Feb 1., for a number of futures groups.

The smallest increase occurred for E-mini equity index futures and Micro E-mini equity index futures. Both futures groups saw a five-cent increase. For the E-mini equity index futures, exchange fees increased from $1.23 to $1.28. For the Micro E-mini equity index futures, exchange fees increased from $0.25 to $0.30. The group includes futures contracts for the S&P 500, Nasdaq, Russell 2000 and Dow Jones Industrial Average.

Agricultural futures and options saw a ten-cent increase, from $1.95 to $2.05, including grains and soy complex futures contracts.

CME Bitcoin Futures and Ether Futures each saw a $1.00 increase, from $5.00 to $6.00 and from $3.00 to $4.00, respectively.

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

The Teton Futures Order Routing service is a high-quality order routing service with advanced risk management from Sierra Chart to provide order routing, for outright futures and spreads, direct to the major exchanges. There is no other intermediary provider.

Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.

Market data is provided by the Sierra Chart Denali Exchange Data Feed.

Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.

This service is offered at no cost to both clearing firms and to users. It has no transaction fee per contract traded. To our knowledge this is an industry first. This Teton Order Routing service still provides very high quality order routing.

Futures Trading Levels

02-17-2022

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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

Geo Political Events Pose Risks? & Futures Support and Resistance Levels 2.14.2022

Posted on February 14, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

Are GeoPolitical Risks Factored into FOMC Decisions?

By John Thorpe, Cannon Trading Senior Broker

Data Dependent? Will Crude Oil and Grain Prices weigh on Fed Minutes? and is this data relevant in the Fed’s decision making process? This Wednesday @ 2PM eastern the Federal Reserve Board releases to the public the Minutes from the January 25-26th meeting. we will find out the answers on Wednesday and the market will react. 1. Yes they had an announcement on the 26th about rates and 2. Yes a statement was released on the 26th that included this language ” The Committee’s assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.” and Yes the Federals Open Market Committee on the 26th disclosed it’s “principles for Reducing the Size of the Federal Reserve’s Balance sheet” https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm These however are not the Minutes of the Meeting, which , when released on Wednesday are market movers. Traders and Analysts copiously review the language used, looking for clues to Policy. The Minutes do include the complete economic analysis compiled by officials and whether or not Members had voiced opposition to the majority of the group If the FOMC minutes reveal inflation related pressure from a breach of the nationalized borders of Ukraine by Russia, the concerns will not only effect and Impact the world Crude Oil market, but will inevitably impact global prices of Grain, namely Wheat. Ukraine is the second largest country in Europe, after Russia and is a major producer and exporter of Wheat, Maize, Barley and Oats and account for 16% of world grain exports according to SGS; a global grain inspection company and commodity consultancy firm.

Would you like to contact John or any of our brokers for more feedback? We are happy to help!

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.

Market data is provided by the Sierra Chart Denali Exchange Data Feed.

Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.

Futures Trading Levels

02-15-2022

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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

FREE ONLINE COURSE: Trading Key Economic Reports & Support and Resistance Levels

Posted on February 10, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

FREE ONLINE COURSE: Trading Key Economic Reports

Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.

Here’s the scenario:

You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.

**DING**

You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.

Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.

**DING**

You’re out of the market. What the hell just happened? You stare at the screen; did your indicators lie to you? Is your system faulty? Did you not listen to your broker? Well, probably not. But you’re down several handles, you’ve lost some money and your pride is aching.

What the hell happened was CPI report you were not aware of or did not know what it means…..

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.

Take the Short FREE Online Course and Learn about GDP, NFP, FOMC and what it means for your trading!

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.

Market data is provided by the Sierra Chart Denali Exchange Data Feed.

Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.

Futures Trading Levels

02-11-2022

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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

Are you Watching? Futures Support & Resistance Trading Levels 2.10.2022

Posted on February 9, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

Keep an Eye on . . . . Everything

By Mark O’Brien, Cannon Trading Senior Broker

Last Friday’s monthly unemployment report caught nearly every economist off guard, showing a gain of 467,000 new jobs in Jan. compared to the median estimate of 150,000 and a massive upward revision in the November and December totals: November was revised up to 647,000 from 249,000 and December was revised up to 510,000 from a previously reported 199,000. Those changes brought the 2021 total to 6.665 million, easily the biggest single-year gain in U.S. history.

Inflation-sensitive commodities markets including metals, equity indexes and currencies have been anticipating an increasingly hawkish inflation-fighting Fed to hike interest rates at least five times in 2022. The current resiliency in the jobs market against the pandemic generally and the Omicron variant surge in recent months is likely to keep the Fed on this schedule. In the commodity sectors referenced above, look for expanded volatility ahead.

Already apparent and not to be ignored, Chicago Board of Trade soybean and corn futures set eight-month highs today on concerns that more unfavorable crop conditions due to drought are in store in growing areas of South America. Cattle, Hogs and cotton all hit life-of-contract highs in their respective front month futures contracts within the last week (not to be confused with all-time highs). Notable mention: March cotton traded through $1.28 intraday and made its highest weekly close since July 2011.

Lastly, crude oil traded in the neighborhood of $90/barrel – an 8-year high – as global consumption remains strong and oil stockpiles have plummeted in the past year with many major producers – OPEC + and the U.S. among them – struggling to pump more.

We’re just one month into this calendar year with more developments ahead – geopolitically, weather-related and monetary policy related – all set to cause commodity prices across a range of asset classes to exhibit potentially rugged price action. Keep an eye out.

Would you like to contact Mark or any of our brokers for more feedback? We are happy to help!

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.

Market data is provided by the Sierra Chart Denali Exchange Data Feed.

Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.

Futures Trading Levels

02-10-2022

Futures Levels 2.10.2022

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

Learn How to Manage Trading Risks & Futures Support and Resistance Levels 2.09.2022

Posted on February 8, 2022 by Ilan

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“Take the Time to Learn How to Manage Trading Risks”

By John Thorpe, Cannon Trading Senior Broker

When speaking with customers, the conversation that often times bubbles up when speaking about trading results invariably leads to this question “what do you do when you trade?”, and Invariably my opening salvo is “manage the risks” there are a number of ways to mange the risks and reduce the costs of both losses and fees., You have to ask yourself why you are trading. are you trading just to trade? to alleviate boredom? I swear i have seen so many traders just drop the 25 cent piece into the slot and tug that one armed bandit hard. ” i need another cocktail! Where is my server? “… His or her chances to “win” are less than 10% Forget about luck , the video graphic reels or readouts on the machine are but visual representations of a predetermined outcome , the computers internal memory has already been spinning through millions of combinations the moment you pull the lever ( or push the button, think click your mouse), This may be stimulating for some and perfectly fine if you have the discretionary income to continue to feed your endorphin buzz. .. But for most of us , we need to understand our risk management style to incorporate into our trading. What I talk about is stop loss orders ( yes stops), but wait, that’s not all and only a small part of the strategy, we need to have an understanding of how we can utilize a low cost options strategy as well, to compliment our trade idea. In addition, we can understand what markets may be correlated to the market you are trading and “spread off” your risk during a trade idea until you can see your plan unfold more clearly, then lift your spread from a correlated product and continue with your trade utilizing training stops, options, or whatever other tools are available, Hell! you can even change the delta on your positions with so many of the new Micro contracts that have become viable risk management tools as well, Please spend the time to understand these and many other Ideas with a broker, your personal broker here at Cannon Trading, I am, with a degree of certainty, sure you will benefit from that conversation, which may be the beginning of a long term and possibly more profitable relationship. For a more satisfying and rewarding trading experience, as my colleague ,Ilan Levy-Mayer has said for years, ” Plan your trade and Trade your Plan”.

Would you like to contact John or any of our brokers for more feedback? We are happy to help!

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Orders are routed direct to the exchange with high reliability and very low latency, in under 500 microseconds.

Market data is provided by the Sierra Chart Denali Exchange Data Feed.

Supported exchanges are CME, CBOT, NYMEX, COMEX, FairX.

Futures Trading Levels

02-09-2022

Futures Support and Resistance Levels 2.08.2022

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

Overtrading the Afternoon & Futures Support and Resistance Levels 2.08.2022

Posted on February 7, 2022 by Ilan

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

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Overtrading the Afternoon

By Josh Meyers, Cannon Trading Series 3 Broker

Knowing when (or NOT) to trade can be difficult. Keeping a close eye on volume can help. Defining “normal” volume for your trading style will help you through behavioral shifts in the markets. Improving this problem can be as simple as watching volume/price move through time.

Watch volume through time. Holiday sessions, busy days, around FOMC, across different volatility environments, etc. Patterns in your performance will become more evident, and you’ll develop rules and systems around your traits as a trader.

There’s also another aspect that shouldn’t be underestimated. Most discretionary traders are more mentally/physically fatigued in the afternoon, which makes it easier to slip-up, especially in unfamiliar trading conditions. Knowing when to hang it up for the day is an underrated trading skill.

Here are a few tips

(These are for opinion/educational purposes only)

I like to watch a 30m price chart, with a faster chart for volume(1m or faster) so I can compare the two relative to one another. Watch both big and small and take note of the behavior. You don’t always have to trade! Sometimes watching to learn is beneficial. Watching different time frames allows for better context and helps to keep a trader out of tunnel vision.

Define a “normal” trading environment for your system and observe how instrument behavior changes based on external factors like time of day or fundamental factors.

Keep an eye on yourself mentally and physically as you trade. Make sure you’re trading with focus and direction. If your performance is suffering, take a break. Although taking a break can be hard, it’s sometimes the best solution for a trader’s performance. If you don’t feel good about trading, it’s ok to walk away.

Shifts in market behavior can be unexpected. Sometimes it happens slowly, sometimes quickly. Try to avoid tunnel vision or putting too much emphasis on a particular trade/entry as it could lead to an expectation or bias for the following trades.

A few additional tips for the active management of overtrading:

Set a timer between trades

Lock your DOM ladder if needed or minimize your order entry input

o Pick a spot for an order and let the price come to you.

The need to be right about a trade can be more costly than accepting a loss

Actively look for better spots. Trade less, look more. Seems simple I know……
Practice self-assessment. How am I doing? Am I following my plan?

Hope this helps!

Would you like to contact Josh or any of our brokers for more feedback? We are happy to help!

Futures Trading Levels

02-08-2022

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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:

https://bettertrader.co/

OPEC Tomorrow & Support and Resistance Levels 2.02.2022

Posted on February 1, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

We have both energy numbers and the ADP employment report tomorrow.

OPEC meeting to add some fuel…..

Be aware of what reports are coming, when and what markets they affect.

Futures Trading Levels

02-02-2022

Futures Support & Resistance Levels 2.02.2022

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:

https://bettertrader.co/

Uncovering Potential Unforeseen Traps & Futures Support and Resistance Levels 2.01.2022

Posted on January 31, 2022 by Ilan

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

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Uncovering Potential Unforeseen Traps

by John Thorpe, Senior Broker

Many of you are purely technical traders and for good reason I understand why. It’s also critical to understand why there, from time to time, become sharp price deviations from your technicals that many times are simply one offs but sometimes can result in longer term trend shifts. It’s always important when trading Futures and Commodities to look past the headlines and beyond indicators and respect the weekly economic calendar. I Extoll the virtues with my clients and through this Blog the importance of knowing the markets you trade and the reports that Government agencies around the Globe generate at every opportunity I have with them . If you are trading Grains, ZS, ZW, KE, ZC, ZO, ZL, ZM monthly WASDE release dates , Planting Intentions and Weekly sales numbers are a few examples of reports that are released during trading hours that you need to be aware of, If you are trading Bonds, ZB Notes, ZN, Stock indices, S&P 500 ES, MES , Nasdaq 100 NQ, MNQ or trading any of the foreign currencies there are reports and Meetings that occur on a regimented basis that clearly impact your ability to manage risks to your satisfaction.. please, if you are new to this part of trading, don’t know where you can get this information readily, , there are services, Calendars and other resources your Broker can help you with. Just contact your Cannon Broker, She or He will be happy to share solid, respected sources so you don’t fall into a margin deficiency trap as a result of some unforeseen event that other traders were aware of and were able to plan accordingly to either become Flat, place appropriate stops, spread off the risk or utilize option strategies to avoid potential turmoil in your account.

Futures Trading Levels

02-01-2022

Futures Support and Resistance Levels 2.01.2022

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:

https://bettertrader.co/

Better Trader Economic Indicators 2.01.2022

FOMC Statement Tomorrow & Support and Resistance Levels 1.26.2022

Posted on January 25, 2022 by Ilan

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

https://business.facebook.com/groups/1105191589938254/

FOMC Statement tomorrow:

From CNBC.com

The Federal Reserve is expected to say this week it is moving forward with interest rate hikes and considering other policy tightening, reversing the easy policies it put in place to fight the pandemic. The Fed begins its two-day meeting Tuesday and on Wednesday afternoon, the central bank is expected to issue a new statement that shows it is resolved to fight inflation. Against the backdrop of a violent stock market correction, Fed officials are expected to say they are ready to push up the fed funds rate from zero as soon as March.

The following are my PERSONAL suggestions on trading during FOMC days:

· Reduce trading size

· Be extra picky = no trade is better than a bad trade

· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

· Expect the higher volatility during and right after the announcement

· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

· Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

· Know what the market was expecting, learn what came out and observe market reaction for clues

· Be patient and be disciplined

· If in doubt, stay out!!

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Futures Trading Levels

01-26-2022

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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:

https://bettertrader.co/

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Get An Edge With the Trading Psychology Course

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Are GeoPolitical Risks Factored into FOMC Decisions?

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Keep an Eye on . . . . Everything

Are you using Sierra charts and looking to implement their Teton order routing?

If so, look no further, Cannon can assist you in getting set up!

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

“Take the Time to Learn How to Manage Trading Risks”

Are you using Sierra charts and looking to implement their Teton order routing?

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Overtrading the Afternoon

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

Uncovering Potential Unforeseen Traps

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source:

FOMC Statement tomorrow:

Futures Trading Levels

Improve Your Trading Skills

Economic Reports, Source: