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Category: futures trading education

Micro Bitcoin Futures

Posted on by Ilan

Micro Bitcoin Futures

Cryptocurrency has taken off as an encrypted alternative to real spending money, giving people more options for doing business. Bitcoin is one of the leading cryptocurrencies on the market, especially after it boomed in 2017. Nowadays, many websites accept Bitcoin payments, which has helped the cryptocurrency market grow significantly. Micro Bitcoin futures have also made a significant impact on the futures trading industry. 

Now, many brokers offer futures for Bitcoin and other types of cryptocurrency. It is easier than ever to trade shares of these types of currency, and traders of all experience levels can trade practically anytime and anywhere. 

  • Keep in mind that before you start trading Bitcoin/ Micro Bitcoin and other crypto futures you will need to acknowledge additional risk disclosures on top of the standard futures disclosures.

One of the most convenient ways for traders to get the results from cryptocurrency is by trading micro futures. Recently, the CME Group announced new Micro Bitcoin futures, which have revolutionized futures trading. Now, for 1/10 the cost of the average Bitcoin share, a trader can purchase shares of this new type of future. 

About Our Team

Cannon Trading has the tools traders need to begin trading cryptocurrency futures. We have various platforms that meet all needs, allowing traders to trade what they want when they want them. 

Our experienced brokers are here to help traders of all levels through the process. We specialize in developing innovative platforms that help traders navigate the market.

Whether a trader is part of a professional trading organization or participating in day trading, our brokers can help. We work with clients from various backgrounds, providing everything from multilingual trading services to broker-assisted trading. If a trader is interested in our services, our customer support team of qualified brokers would be happy to help.  

About Micro Bitcoin Futures

Micro Bitcoin Futures and Bitcoin Futures are both offered by CME to traders around the world. These contracts vary in size, depending on whether a client pursues a regular Bitcoin future or a Micro Bitcoin future. 

Micro Bitcoin Futures allow traders to access Bitcoin Futures for a tenth of the cost of a regular Bitcoin future. Both types of contracts make it easy to get into the Bitcoin market, allowing clients to get the most out of their trading process. 

Trading Micro Bitcoin Futures

The CME Group launched Micro Bitcoin Futures in May of 2021 and it has been a successful  contract from the start. With Bitcoin rising in prominence worldwide, it is easy to see why this type of futures contract appears to be here to stay. 

Bitcoin futures trading has been prominent since 2017 when the CME Group introduced it. Micro futures allow traders to speculate and hedge using 1/10th the size of a single coin of this iconic cryptocurrency. With Bitcoin still dominating the cryptocurrency industry, it is easy to see why many traders prefer the Micro futures over the traditional larger Bitcoin futures as the good faith deposit required is 1/10th of that of the standard Bitcoin contract.

While the new Micro Bitcoin Futures provide a value of 1/10 of a Bitcoin, these contracts are 1/50th the good faith deposit required of a traditional Bitcoin contract. This lower margin requirement allows traders to access more futures, giving them greater control of how much they can invest. 

The versatility of the market, along with the lower capital involved, helps more traders access this type of future. It is for this reason that Micro Bitcoin Futures are popular with both active traders and cryptocurrency users. 

Benefits of Micro Bitcoin Futures

There are many benefits involved in trading Micro Bitcoin Futures, which can help traders who have just started participating in the market. 

Micro Bitcoin futures allow traders to take advantage of the many benefits of Bitcoin futures without investing as much. The CME Group saw the need for a minor Bitcoin futures contract, especially since the traditional contract was worth 5 Bitcoin. 

More people could participate in cryptocurrency futures trading by creating this new, minor contract, which helped liquidity.

The institutional volume for Micro Bitcoin Futures has allowed the market to reach over a million contracts in just a short period. While this type of trading launched in the summer of 2021, it has become a popular choice, even seeming to outpace the traditional Bitcoin futures market. 

Here are just a few of the benefits traders can expect when utilizing Micro Bitcoin Futures:
  • Smaller capital investment
  • Reasonable bid offer spreads
  • Lower entry price
  • Regulated financial products
  • More accessible to more traders
  • And more

The team here at Cannon Trading can help traders understand this type future, allowing them to get the most out of their opportunities. We understand that our traders have varying needs, which has led us to develop innovative solutions and platforms to achieve them. 

Our team wants to help people get the most out of their Micro Bitcoin futures, which is why we have a dedicated group of brokers ready to assist our traders. 

We also have platforms for various needs and trading opportunities, from mobile platforms to desktop applications. Our products were designed with traders in mind, giving people the functionality to access the market. 

Impact of Micro Bitcoin Futures

While Micro Bitcoin Futures are relatively new to the market, they have made a significant impact on trading as a whole. This type of contract allows traders to explore the cryptocurrency futures market without spending as much capital as a traditional contract would require or coin in the Cash marketplace.. 

We understand that new traders may have a lot of questions regarding this type of cryptocurrency futures trading venue. There are risks involved in trading futures and even greater risks when trading Bitcoin and MICRO bitcoin futures. Our team is here to help field any questions a person might have regarding the trading process as a whole. Cannon Trading makes it easy to navigate the market, as we provide cutting-edge platforms that simplify the trading process. 

Our brokers have been assisting traders since 1988, which has allowed Cannon Trading to become a leading name in the futures trading business. We opened our online trading service in 1998, which allowed more traders than ever to participate in the market. Over 20 years later, traders have continually recognized us as one of the leading brokerage services. 

How Cannon Trading Can Help Micro Bitcoin Futures Traders  

At Cannon Trading, we have the tools traders need to make informed decisions before investing in the futures market.  

We provide access to cutting-edge software and programs that put our traders at the forefront of the industry.  

Cannon Trading’s experienced brokers can help clients learn more about oil futures, offering insight into the overall market, as well.  

We work with traders from many different backgrounds, including: 
  • Broker-assisted traders 
  • Day traders  
  • Diversified traders 
  • Institutions  
  • Professional traders 
  • And more 

Whether you’re a beginning trader or an experienced one, our brokers can help you navigate the market. We have direct experience with the market so that we can help our clients best navigate the market.  

We also provide them with the tools to make the most of markets and manage risk during volatile times. 

Contact Cannon Trading 

Our professional commodities brokers will work with you to understand your specific trading style and requirements and provide you the essential advice and information you need to thrive in this highly lucrative market. 

As an example, Cannon Trading’s Broker-assisted Trading solution provides traders new to the field with the essential advice and tools they need to accelerate their understanding of some of the mechanisms that affect prices in any futures contract market.  

Contact us today to learn more about commodities trading and information on futures options and other listed commodity contracts. 

Disclaimer 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve a substantial risk of loss and are not suitable for all investors.  

Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you regarding 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. 

Futures Insight – “The Market Keeps Hitting My Stop Orders!” & Support and Resistance Levels 9.23.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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 “The Market Keeps Hitting My Stop Orders!”  by Mark O’Brien, Senior Broker:

This is a shared annoyance among futures traders, particularly for those trades where their initial stop orders are hit. Certainly, this condition can be approached by discussing any trade’s risk – in terms of actual dollars, or number of points or cents. But for purposes of this blog post, let’s approach the condition by discussing strategy. One strategy in particular that can be implemented in lieu of simply placing a stop order is regularly termed a back spread. It involves taking a position – long or short – in a futures contract, then entering a long, opposing option position. A simple example would be to take a long position in the E-mini S&P 500 futures contract and purchasing a put option. The selection of which option to purchase will determine the risk/reward parameters of the overall trade. Generally, the closer to the money, or the deeper in the money the purchased option’s strike price is, the less tolerant the back spread will be to adverse price movement, because as the futures contract incurs losses, so too will the purchased option incur gains. The delta of the option at the time of purchase will provide the initial amount of protection against an adverse price move, expressed as a percentage of a single futures contract (equal to 100%) and which will increase with adverse price movement. Conversely, the protection will decrease with a favorable price move. An important component to this position, of course, is the expiration date of the option. It will not only determine how long the insurance will be in place, but it will also determine in part the overall strategy’s ability to tolerate. An at-the-money option whose expiration date is within days will more effectively provide protection against an adverse price move than one whose expiration date is weeks away, but for a more limited amount of time. Everything considered, if you’re looking for an alternate strategy substitute to simply placing a stop order, a back spread could be considered.

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-23-2021

Support and Resistance Levels 9.23.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Report 9.23.2021

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 as well as options on futures.

Using Trailing Stops to Manage your Risk & Support and Resistance Levels 9.21.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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FOMC tomorrow. Do your homework, look at price action during the last few FOMCs.
Also we will have a LIVE WEBINAR with live price action post FOMC and see in real time what type of information price action and order flow provide. Register here.

A Trailing stop Tweak   by John Thorpe, Senior Broker:

When traders decide to deploy trailing stops, they may decide to take a look at avg truer range to determine volatility of the market so they have a better gauge of how much to risk on each trade and how likely, if they are correct about the direction, will they be to successfully set the trailing distance. Tweak your stops to reduce the risk to your Net Liquidating Value.
               Whatever indicator or set of indicators you like to use to determine how many points the market must travel before your stop automatically modifies and moves to your new “Protection Level”, I think all traders agree when this happens, we have a winning trade on the books., Typically the worst we will get filled when the market does change direction, with a little slippage is a trade that finishes in the black!
               What happens when the stop doesn’t trail, a hard stop is elected the market takes the position out, with a little slippage, below our breakeven? The trade ends in the red.
Whether you trail or use a hard stop, stops are part of risk management and in my opinion, essential to long range trading success: use stops or trailing stops.  If the stop never trails, the trade will end with a predetermined loss,(less slippage and fees) , Some people like to set stops after they enter the market, (some say they do but rarely will). I do.
The importance of using stops can not be understated. What I do once I have determined how many ticks I will use for my trailer, is to place the Trailing stop LESS THAN my hard coded distance E.g. hard coded trailing distance is 20, I will place the stop at 12 or 14. That way, if the market modifies the stop at least once, the trade will do better than break even by 6 or 8 points less fees rather than getting stopped at breakeven less fees.  If the stop modifies twice then I have the potential for a 34 to 36 point gain on this trade, less fees. If the position gets stopped I will not take a 20 point loss, rather a 14 to 16 point loss.
If we always place the trailing stop at the same distance when we initiate our entry trade, we will always do worse than breakeven if we get stopped out.  If you loosen your trailer and tighten your entry, you might just turn the account from red to black.
Our free platform, E-Futures Int’l offers trailing stops as one of the order types as you can see below. Sign up for a FREE, Realtime data demo here.

E-Futures Demo

 

Bookmap Real-Time Order Flow Analysis Webinar

 

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-22-2021

Support and Resistance Levels 9.21.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Reports 9.21.2021

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 as well as options on futures.

Large Swings & Big Intraday Moves, Reminder of Limit Moves & Circuit Breakers & Support and Resistance Levels 9.21.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Some very large swings and intra-day moves across more than a few markets!
Volatility is increasing.
When that happens, my personal opinion says:
*Reduce trade size
*Be a bit more stubborn in entry points with the thought of, “No trade is better than a bad trade”
Just in case….Here is a refresher about limit moves and circuit breakers:
A price limit is the maximum price range permitted for a futures contract in each trading session.  When markets hit the price limit, different actions can occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, they may remain in a limit condition or they may stop trading for the day, based on regulatory rules.
CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).
  • 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 2:25 p.m. CT. Mondays through Fridays. From 2:25 p.m. to 3:00 p.m. CT, only the 20% price limit will be applied to the futures price fixing.
  • 7% up-and-down limits are effective 5:00 p.m. – 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. – 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. – 4:00 p.m. the 7% price limit will not be allowed to breech the 20% daily limit.
  • The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT. View Equity Index Fixing Prices page
If you don’t understand how the circuit breakers/ price limits work…make sure you call us and talk to a broker at + 1 310 859 9572, feel free to reach out even if you are not a current client – we will be happy to assist.
So we went from 6 weeks of lower volatility, overall higher stock prices to Dow being down over 1000 points at one point today!!
This is MAJOR alert in my opinion that market sentiment may have changed.
Be aware and if the below applies, you are in a better spot….
If you know how to take a loss.
If you know how to reduce trading size based on volatility.
If you know how to trade spreads ( NQ vs ES?)
If you understand options spreads.
THAN there are some very interesting set ups out there ( STILL with HIGHER RISK than normal). However if none of the above applies to you, the risks outweighs the potential opportunities. – PERSONAL opinion
On a different note, if you are NOT a Cannon client yet, you may want to read this recent review!!

Bookmap Real-Time Order Flow Analysis Webinar

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-21-2021

Support & Resistance Levels 9.21.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Economic Reports 9.21.2021

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 as well as options on futures.

Quadruple Witching Tomorrow & Support and Resistance Levels 9.17.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Quadruple witching tomorrow….

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.
Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.
The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..

 

Bookmap Real-Time Order Flow Analysis Webinar

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-17-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Weekly Newsletter 1066: Learning to Take a Loss when Trading & Support and Resistance Levels 9.13.2021 and for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Letter Issue # 1066

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Rollover Notice – December is Front Month!

 

Trading 201: To Become a Winning Trader, you Must Learn How to Lose…

 

Markets are constantly changing. The period of after Labor Day and into October can be more volatile at times. These Volatile Times Require MAJOR Adjustments In How You Approach Trading And Risk Management. I Hope This Article Helps And I Encourage You To Utilize Our Brokers And The Knowledge They Have To Assist You.. Contact Us
Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.
I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….
Losses are part of trading and as long as your losses are part of the plan( AND RISK CAPITAL) and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc.
Much harder when you lose or down. Your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward. If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.
I went into this subject and detailed day-trading money management in an article I wrote a few years back for SFO magazine. You can read the full article by filling out the form below

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 when it comes to Futures Trading.

 

Futures Trading Levels

09-13-2021

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Weekly Levels

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Trading Signals for commodities

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

https://mrci.com

Date Reports/Expiration Notice Dates

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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

ROLLOVER for all Stock Indices/ Currencies/ Financials and Other Markets to December 2021

Posted on by Ilan

Dear Traders,

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

Futures September-December Roll Over Notice:

Starting today MAKE sure to trade December Stock Indices, Currencies, Financials and other Markets as well.

Starting today traders will start trading the December contract rather than the September contract.
Symbol for Dec. is Z.
Example: ESZ21
The rollover period will be complete by next Friday when December Stock Indices contracts expire into cash, however currencies and financials are deliverable products!.
If you have any questions, please reach out to your broker here at Cannon and they can provide more insight.
I personally will switch once I see the December volume higher than the September volume.
Traders make sure to update your chart templates as well

Good Trading

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 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.

Put on your “Trading Glasses” & Support and Resistance Levels 9.10.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Put on your “Trading Glasses” – Quick Insight by John Thorpe, senior broker:

During a recent conversation with a long time client who was experiencing a relatively long losing streak and looking for a new indicator, a different indicator, a different time frame, she was looking for answers to make a major change in her approach. I asked her what she is currently using. She told me, Candlesticks and a number of other indicators. I suggested she doesn’t need to change much, a different perspective , a simpler perspective may be beneficial.
         Using the same chart, simply change the glasses you are looking at the market through.
Change the style of your chart. I like to use the LINE Chart for clarity, Changing the style of your chart and add a simple moving average, the number of time frames are really not too important, ( 8,10,12,14,16, any will do the smaller the more sensitive, the longer the more smoothed) if simply for a few minutes, this unclutter your brain and will likely give you a different perspective about current market price volatility around your indicators and may give you a better understanding of how the market is moving so you can better assess where not only enter the market but where to place your trailing stops the SMA provides a rudimentary S&R and will tell you when we are in a sideways stance and help you avoid trading during the chop. I will cover a neat little trick with the trailing stops during my next discussion about “a different Perspective” Good trading and make it an excellent week!

ES 5 Minute Chart

 

ES 5 Minute Chart

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-10-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Futures Trading Videos – Practical Tips for Trading & Support and Resistance Levels 9.08.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
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Trading Videos 101: Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?

Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
We are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using Bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-08-2021

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Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

Consider Trading Micro Futures Contracts & Support and Resistance Levels 9.02.2021

Posted on by Ilan

Dear Traders,

Get Real Time updates and more on our private FB group!
Separator
MICRO crude oil is seeing some good volume. Over 53000 contracts traded today.
In my opinion a great vehicle for the following:
New traders and smaller traders.
When one wants to average in to increase/ build position and then scale out.
At times of higher volatility like today when numbers came out.
At 1/10th of the regular crude oil contract along with good liquidity the MICRO crude oil is now joining MICRO ES, MICRO NQ, MICRO russell, MICRO dow, MICRO gold and the MICRO bitcoin as what I consider good, SMALLER, liquid markets.

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 when it comes to Futures Trading.

 

Futures Trading Levels

9-02-2021

Support and Resistance Levels 9.02.2021

Economic Reports, source: 

 www.BetterTrader.co

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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 as well as options on futures.

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.