Futures Mini Indices Volume and Mini S&P Chart 4.22.2014

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday April 22, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Extremely light volume in the markets today as Europe was still on a holiday. Volume in the mini SP contract was about 35% of the average normal daily volume as of lately. I suspect that both market participants and volatility should return tomorrow from the Easter holiday.

Daily chart of the mini SP for your review below:

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Continue reading “Futures Mini Indices Volume and Mini S&P Chart 4.22.2014”

E-Mini NASDAQ 100 Futures Technical Analysis for July 16th 2013

Sept. Mini NASDAQ futures ( symbol on most platforms is NQU3) are trading at 3070.00 at the time I am writing this analysis – July 16th 2013.

As a commodity futures broker,  I am going to focus on the technical aspect of this market and provide my technical opinion, I think it is important to be aware of the fundamental aspects and the events coming up which can move the market either way. To start with,  Traders are probably already looking forward to today’s testimony before Congress by Fed Chairman Ben Bernanke. The big question he will be asked is how does the FED plans on tapering down the massive injection of cash or what we know as QE. I think the reason the markets are down today is in anticipation of this testimony. Economic numbers will continue to pour in as well as a G20 meeting and earning season is in place.

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December to March Rollover for Stock Index Futures

 

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, December 13th, is rollover day.

Starting December13th, the March 2013 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2013 contract as of December 13th. Volume in the December 12 contracts will begin to drop off until its expiration on Friday December 21st.

The month code for March is H3.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

 

Please close any open December Currency positions by the close on Friday the 14th.Should you have any further question please contact your broker.

Trading Levels and Reports for November 30, 2012

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday November 30, 2012

 

Hello Traders,

If you are trading metals (gold, silver), financials (ten years, bonds etc.) or grains (wheat, corn, beans etc.), please keep in mind that the December contract is going into DELIVERY and you must be out of December and start trading the March contract (for most markets)

Please contact me with any questions.

 

This DOES NOT apply to stock indices ( mini SP 500, mini Russell etc.) or currencies which still have a couple of weeks and I will send a separate update.

 

Futures Trading Levels and Reports for August 30, 2012

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday August 30, 2012

 

Hello Traders,

One Way to Eliminate Fear and Greed While Day Trading

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

 

It is a known fact that fear and greed can be a trader’s worst enemies.

I’ve found one way that has helped some clients deal with fear and greed and their cousin, “getting out of winners too soon and staying in losers too long.”

What is it? Entering Multiple Contracts: Philosophy

In order to enter multiple contracts while day trading, one has to have the appropriate risk capital and margin requirements. But the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract (or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts), you can face a very quick dilemma, especially when day-trading. Consider the two following scenarios:

  1. You get in and very quickly you are up 2 mini SP points…what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?
  2. You enter a trade and it goes against you rather quickly…if you get out then it is a loser…but the little voice in your head says “what if the market goes back up?”

In the first case scenario, when market decided to be nice to us and moved in our direction, I like to exit half of my positions relatively quickly. In the case of the mini SP, this would be around 7 ticks profit.

What I’ve found is that this will allow me to manage the rest of the trade in a much more relaxed manner. Since I’ve already locked profits in, now I can look for a proper stop close to my break-even level. I can analyze my next target more realistically and, if the market provides room for additional gains, be there to participate.

Continue reading “Futures Trading Levels and Reports for August 30, 2012”

Commodity Trading Levels for October 5th 2010

Not an easy market to read right now in my opinion.

It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127.

This Friday monthly unemployment levels will be watched closely.
If the market breaks below 1127, it has a chance of picking some more speed to the downside.
On the flip side, bulls will need to see new highs in order to get back in control of price action.
Daily chart with some price levels to watch for your review below:

Commodity Futures Trading Charts
Commodity Futures Trading Charts

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Another Chance for a Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 30th 2010

I wanted to share some of today’s activity we had in the daily webinar service I hold. The “webinar” is a service I offer, where I share mostly the mini SP chart but also other markets like Euro currency, Crude Oil and Mini Russell.

In the webinar I display my charts, trading indicators, trading algorithm, trade management philosophy, risk management and more.

Some days i also provide live trading examples using my demo, like I did today.

Below you will see a segment from today’s webinar where the DIAMOND algorithm provided us with more than several trade set ups for 2 mini SP points each time.

For free trial and more information, visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

( NO REPEAT TRIALS )

SP 500 Day Trading
SP 500 Day Trading

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Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 29th 2010

Our short “trigger” of 1123 basis Dec. SP500 did not materialize and kept us out of a short swing position, so far for a good reason. I will keep watching for what I call price confirmation over the next couple of days.

On a different note, if you like to view my intraday chart of the mini SP 500, euro currency ( as in the screen shot below from today’s session) and sometimes other markets, along with my intraday buy and sell set ups, trading concept, money and trade management please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

( NO REPEAT TRIALS )

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Free Trial for Intraday Signals for Mini SP500 and Euro Currency, September 29th 2010”