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Category: Trading Guide

Trading guide, as you can understand from the term, is a compilation of tips and tricks that can help you in trading. Whether you are new to the world of trading or are an expert in it, a trading guide is a very useful document.

Moreover, every trading guide has a specific purpose. So, if you are thinking about trading, a trade guide will serve you like a self-help manual. So, whether it is about trading options, metals, grains or any other futures contract– a trading guide has all the information in it.

You don’t need to buy one, for you will able to find a number of them online. We at Cannon Trading help you make the most of your trading ventures. Therefore, we have compiled some of the best trading guides for you to learn from. Listed under this category archive are some trade guides using which you can use to help you succeed in many trading ventures. There is enough information in these guides that can help you master the art of trading futures and options smartly.

Short Term Options Strategies + Futures Trading Levels for 02.16.24

Posted on by Ilan
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Options trading

 

President’s Day is this Monday, view modified Schedule here.

 

4 MIN READ

Short-Term Options in Commodities: Potential Benefits and Applications Part 2

By Adila McHich CMEGroup.com

Short-terms options are flexible tools for tactical trading strategies to mitigate specific event risks or make a directional bet on price movement in the short term. The trading volume of these types of options in commodities has grown tremendously in recent years because they appeal to different types of traders regardless of their time horizon or thesis. This article, which is Part 2 of a two-part series explains the macro and idiosyncratic (commodity-specific) market events and their applications using short-term options in commodities.

Commodity prices are determined based on a confluence of macro and idiosyncratic factors. As such, commodity price fluctuations are largely driven by fundamental (supply/demand) and cyclical factors (macro) tied to the business cycle and the economic activity, in addition to other exogenous market events such as geopolitical risk and weather events. These various factors can sometimes morph into a jump risk (tail risk), especially if the market event is significant enough and unanticipated. The short duration of these options offers more flexibility to target a specific market event.

Examples of economic data releases:

  • ISM manufacturing index
  • Central bank announcements
  • GDP growth
  • Unemployment rate
  • Consumer Price Index, Producer Price Index
  • Consumer confidence, etc.

Example 1: Using Crude Oil Weekly options for directional trade on the ISM

A trader expects oil prices to rise in response to the release of the ISM Manufacturing index which measures the activity of the manufacturing sector. This leading indicator is important and closely watched by the market because it is used as a proxy for the overall state of the U.S. economy. A level of 50 and above reflects economic expansion while below 50 signals a contraction. The ISM tends to move in tandem with oil prices in the long run as the result of their linkage from the demand side. Chart 1 depicts the intertwined relationship between ISM index and price changes of oil. The YoY oil prices changes are used to remove the cyclicality variations. An increase in ISM indicates a rise in manufacturing activity that requires more oil as input which would consequently lead to an increase in oil demand and prices. Additionally, this long-term linkage gives insight into the underlying momentum of the economy and oil markets and their projected trajectories. Though, this relationship can sometimes be decoupled in the short term due to other factors that affect oil prices such supply shocks (OPEC meeting, geopolitical event etc.)

Chart 1: Strong relationship between the ISM and Crude Oil

➜ Finish Article

 

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Daily Levels for February 16th, 2024

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

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Watch out for these Tbills auctions! Buy/Sell Algo + Futures Trading Levels for 02.15.24

Posted on by Ilan
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Treasury Auctions and Earnings

By Mark O’Brien, Senior Broker

 

There’s no shortage of trade guidance / advice / market news available to provide futures traders with reasoning for a market move.  Charts showing a market’s direction – or lack thereof – technical indicators, even a trader’s gut reaction can qualify as a reason to enter a position.  For short-term traders, here are a few others that lately have moved the financial markets more than usual and are worthy of consideration:

 

Earnings reports: we’re heading into the tail end of earning season and while most of the major U.S. companies have released their quarterly reports, there are still some on the horizon that can be catalysts for jolts in the markets.

 

Treasury auctions: at regularly scheduled dates, the federal government auctions three types of securities: bills, notes, and Treasury inflation-protected securities (TIPS). The Treasury auctions an astonishing quantity of securities.  In calendar year 2003, it auctioned $3.42 trillion of securities: $2.78 trillion of bills, $616 billion of notes, and $26 billion of TIPS.  Lately, the results of some of these auctions have also jostled financial markets.

 

Finally, take a look at one of the indicators developed in-house by the Cannon Trading team, headed by our vice president, Ilan Levy-Mayer.

Red arrows are a sell, blue arrows are a buy . Red bars are “sell territory”, green bars are “buy territory” and black bars are neutral. The chart below will show you examples of some good trades as well as not so good.

For a free trial of the indicator, click here.

 

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Daily Levels for February 15th, 2024

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

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

CPI Pre Market tomorrow morning + Futures Trading Levels 2.13.2024

Posted on by Ilan
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Margin Trading

 

CPI Pre Market tomorrow morning 7:30 A.M. CST

 

Some clearing firms are increasing the day trade margin requirements, prior to and immediately following the release.

The market exhibits serious, sharp moves during some of these events, especially if the number falls outside the expectations of the market.

 

  • The Consumer Price Index likely rose 2.9% over the year ending January, the slowest year-over-year inflation since March 2021, forecasters predict.

 

  • Policymakers at the Federal Reserve are watching inflation data closely to determine how soon, and how quickly, to cut the Fed’s key interest rate.

 

  • The CPI, a widely-watched gauge of inflation compiled by the Bureau of Labor Statistics, likely rose 2.9% over 12 months ending January, the lowest in nearly three years, according to a survey of economists by Dow Jones Newswires and the Wall Street Journal.

 

 

  • Forecasters are anticipating January’s report to more than wipe out an unwelcome uptick in December.

 

 

  • This and other inflation data over the next few months could be key in determining how soon, and how quickly, the Federal Reserve will cut its benchmark interest rate.

 

Plan your trade and trade your plan

 

 

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Daily Levels for February 13th, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
e5b19a00 823f 44d9 a643 cc86feda04c3

Improve Your Trading Skills

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Cocoa all Time Highs! + Futures Trading Levels for 02.08.24

Posted on by Ilan
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C10

New Highs and New Lows…..

By Mark O’Brien, Senior Broker

Traders, keep an eye out for market movement across asset classes for trading opportunities – including beyond those markets you’re typically focused on.  With dozens of commodities available for trading on the major U.S. futures exchanges, there’s potential out there.

 

Softs: 

 

Among the market sectors most traders follow closely, “Softs” is not high up the list.  Yet similarly to other well-known futures contracts such as stock indexes, interest rate futures, energies, metals and grains, the softs category includes some of the world benchmarks for their underlying commodity, such as cocoa, coffee, orange juice and sugar.

 

As well, we’re seeing recent price movement in some of these commodities that can be described as exceptional.  For example, it’s not hyperbole to say that the price of March cocoa has skyrocketed over the last month – from both sides of ±$4,200/ton coming into the new year to today’s $5,410/ton close.  That’s a ±$12,000 per contract move (contract size: 10 metric tons).  This is an all-time high for the contract.

Monthly Cocoa Chart for your review below!

 

After trading up to its own all-time highs above $4.00/lb. around mid-Nov., March orange juice sliced (pun intended) ±25% of its contract value, down below $3.00/lb. by mid-Jan with a $2.9065 close on Jan. 16.  This is a ±$15,000 move.  Yet this sell-off was brief as the contract then surged ±$1.00 back to today’s 10-cent up limit close of $3.9095, another ±$15,000 per contract move – in 16 trading days.

 

Indexes: 

 

Telling of all-time-highs would be lacking today without mentioning the E-mini S&P 500 and E-mini Nasdaq.  As of this typing the March E-mini S&P 500 futures contract is trading up ±40 points, nearly 10 points above Monday’s intraday high and ±15 points above the 5000 threshold.  As well, the March E-mini NASDAQ has made a ±200-point move up to its own all-time highs at ±17,850.  For the E-mini S&P 500, this marks a ±$40,000 per contract move since its last recent low back on Oct. 27.

 

Energy: 

 

In a comparison of contrasts, March natural gas settled below $2.00 today to set a new life-of-contract low and furthering a ±$4,000 per contract move in less than a month – with scarcely a retort by bulls.

 

March Cocoa Futures Chart

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Daily Levels for February 8th, 2024

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

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
956ce77f 3c0f 47f1 895e bf11034c1ab4

Improve Your Trading Skills

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Understanding Psychological Biases that can affect your trading plan + Levels for February 7th 2024

Posted on by Ilan
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C9

 

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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Daily Levels for February 7th, 2024

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

d536c132 d3ce 47ff 8099 79b752e3652b

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
fafa7f3d 4960 4958 b338 eb738f998313

Improve Your Trading Skills

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

NFP Report, Event Contracts + Futures Trading Levels for 02.02.24

Posted on by Ilan
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C6

 

Big NFP / unemployment report tomorrow an hour before the stock market opens.

This is a market moving report and indices, bonds, currencies, metals and other markets will see some large swings.

I personally like to be out before the report, wait a few minutes for the zig zag to relax and then look to re-enter.

On different note:

Upgrades to the event contract suite offer more opportunities for you to trade your market views.

 

The size of an event contract is increasing to $100

Updated sizes align more closely to the probability of a trade’s success. For example, if the price of a position is $65 there’s approximately 65% probability that this event will occur.

 

Introducing longer-dated expiries

Add quarter- and year-end event contracts on E-mini S&P 500 and Nasdaq-100 futures to your portfolio. With the addition of more expiries, place your long-term prediction on the Equity Index futures markets.

 

 

What are event contracts?

 

With event contracts, you can express your views on whether the markets will close above a certain price by choosing a “yes” or a “no” prediction. These contracts offer an intuitive, limited-risk way to trade 11 of the world’s most important futures markets.

 

➜ Access helpful resources

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Daily Levels for February 2nd, 2024

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

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

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

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

CME Fees Increase Update + Levels for 02.1.24

Posted on by Jenny Collins
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COMMODITIES 240131

 

CME Fees Increase Update:

Effective tomorrow, February 1, the CME Group is raising the exchange fees for a number of futures contracts.

For the CME E-mini equity products: E-mini S&P 500 (ES), E-mini Nasdaq (NQ), E-mini Dow Jones (YM) and E-mini Russelll 2000 (RTY), fees are going up by 5 cents, from $1.33 to $1.38

For the NYMEX energy products: Crude oil (CL), Heating oil (HO), RBOB Unleaded gas (RBOB) and Natural gas (NG) fees are going up by 10 cents, from $1.50 to $1.60

For the COMEX metals products: Gold (GC), Silver (SI), Copper (HG) and Platinum (PL) fees are going up by 5 cents, from $1.55 to $1.60

For the COMEX E-mini metals products: miNY gold (QO), miNY silver (QI), miNY copper (QC) fees are going up by 25 cents, from $0.75 to $1.00

All other products / symbols will remain the same.

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Daily Levels for February 1st, 2024

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d536c132 d3ce 47ff 8099 79b752e3652b

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

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

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

FOMC Tomorrow + Levels for 01.31.24

Posted on by Ilan
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C5

 

 

March is front month for stock indices.

Symbol for March is H, so example ESH24

FOMC Rate decision tomorrow.

The last few FOMC meetings I looked for trades until around 930 AM Central time and then somewhat “took a step back”.

I would then follow closely around 1 PM Central when the announcement comes out but try to not pull the trigger until 1:15/ 1:30 when the smoke clears.

This is of course just my personal preferences and every trader is different.

Take notes after the trading session so you can look back and refer the next FOMC meeting….

Below are some additional tips/observations I have taken notes of for myself:

·    ·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 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 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.

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

·    The rate announcement comes out exactly at 1 PM central. As of this morning there is a 98% chance of no change in rates.

·    Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

·    Be patient and be disciplined

·    If in doubt, stay out!!

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Daily Levels for January 31st 2024

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

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
cfecb39d d206 4700 b630 72b5b035537a

Improve Your Trading Skills

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

Explore trading methods. Register Here

3b644da2 2bee 4d39 8d98 5208a20bec39

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter: Free Trading Consultation + Futures Trading Levels for Jan. 29th

Posted on by Ilan
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C3

Cannon Futures Weekly Letter Issue # 1179

In this issue:
  •  Important Notices – 2024 World Cup Trading Championship
  • Trading Resource of the Week – FREE Trader’s Consultation
  • Hot Market of the Week – April Hogs
  • Broker’s Trading System of the Week – NQ Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

The 2024 World Cup Trading Championships® are just around the corner.

You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

Real-money competitions based on net returns – no entry fee required.

Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

Do you have what it takes?

ENTER NOW!

Contact us at 1-310-859-9572 or Visit Us on the Web

 

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Trading Resource of the Week : Book a Trading Consultation ( FREE, no obligation!)with a Cannon Trading Series 3 Broker

Available to both Clients and prospects!

  • Immediately increase your software and computer competence
  • Valuable order entry tips
  • Help create a personalized workspace
  • Compare multiple trading software
  • Get to know your Broker
  • Learning Options strategies

In this complimentary call or screen share session, which can last up to 30 minutes, you will have the opportunity to seek guidance and pose questions to our expert on a wide range of topics. These topics include, but are not limited to:

  • – Gaining insight into day trading margins.
  • – Assessing and reviewing various trading platforms and technologies.
  • – A comprehensive breakdown of fees.
  • – Exploring different trading methods.
  • – Understanding options on futures.
  • – Delving into Order Flow.
  • – Learning about Proprietary Trading.
  • – Insights into CME membership.
  • – Exploring Trading Psychology.
  • – The impact of economic reports on trading.
  • – AND MUCH MORE… We will tailor the session to your specific needs and inquiries.

BOOK NOW – Limited Availability

 

 

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  • Hot Market of the Week – April Hogs
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
April hogs stabilized their slide after completing the first downside PriceCount objective. Now, on the correction higher, the chart has activated upside counts and is taking aim at the first target in the 84.98 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
NEO SPECTRUM NQ E-mini Nasdaq
PRODUCT
SYSTEM TYPE
Swing
COST
USD 395 / monthly
Recommended Cannon Trading Starting Capital
$100,000
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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Daily Levels for January 29th 2024

 

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

 

Trading Reports for Next Week

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

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

Explore trading methods. Register Here

* 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 Consultation + Levels for 01.26.24

Posted on by Ilan
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C2

Why book a screen share ( FREE, no obligation!)with a Cannon Trading Series 3 Broker?

Available to both Clients and prospects!

  • Immediately increase your software and computer competence
  • Valuable order entry tips
  • Help create a personalized workspace
  • Compare multiple trading software
  • Get to know your Broker
  • Learning Options strategies

In this complimentary call or screen share session, which can last up to 30 minutes, you will have the opportunity to seek guidance and pose questions to our expert on a wide range of topics. These topics include, but are not limited to:

  • – Gaining insight into day trading margins.
  • – Assessing and reviewing various trading platforms and technologies.
  • – A comprehensive breakdown of fees.
  • – Exploring different trading methods.
  • – Understanding options on futures.
  • – Delving into Order Flow.
  • – Learning about Proprietary Trading.
  • – Insights into CME membership.
  • – Exploring Trading Psychology.
  • – The impact of economic reports on trading.
  • – AND MUCH MORE… We will tailor the session to your specific needs and inquiries.

BOOK NOW – Limited Availability

stars

Daily Levels for January 26th 2024

 

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
8b79f0d8 ac70 4f41 9948 7a90ff1879cc

Improve Your Trading Skills

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

Explore trading methods. Register Here

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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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.