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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.

Earnings, Economic data, and quiet Federal Reserve Board voting Members + Levels for 01.23.24

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

The Week Ahead: Earnings, Economic data, and quiet Federal Reserve Board voting Members.

By John Thorpe, Senior Broker

We have entered the FRB blackout period which always begins 8 days prior to the FOMC meeting which is currently scheduled for Jan 30-31

Tuesday After the close the biggest earnings number will be from Netflix NFLX. The forecast is for 8.8 Billion in revenue while adding 9million or more subscribers in the final quarter of 2023. Watch for surprises here as it’s clear that NFLX is the undisputed king of streaming services with a backdrop of consumers consolidating their preferences.

Wednesday after the close Look for TSLA Tesla stock to announce Q4 23 numbers with earnings forecast for .74 cents per share with Rev @ 25.6 bil. Will the current EV price war challenge the analysts estimates?

 

Thursday is kicked off with the ECB Rate decision @ 7:15 a m CST, expectations are to hold rates steady for the lending rates in the Eurozone. 15 minutes later @ 7:30 a.m. CST a slew of Data hits the wires..  Durable goods, GDP, Jobless claims followed by New Home Sales @ 9 a.m. CST

And ends with Intel INTC Earnings after the close. Expectations are 49 cents per share with 15.2 billion in revenue.

Friday market action will largely be reflective of the absorption the week of data and the evening of traders positions before the weekend.

 

Make it a solid week and always, “plan the trade and trade the plan”

 

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

01-23-2024

#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

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

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

Weekly Newsletter: Why Most Traders Lose? + Futures Trading Levels for Jan. 22nd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1178

 

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

In this issue:

  •  Important Notices – 2024 World Cup Trading Championship
  • Trading Resource of the Week – Why Most Traders Lose?
  • Hot Market of the Week – March Feeder Cattle
  • Broker’s Trading System of the Week – MidCap 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?
Contact us at 1-310-859-9572 or Visit Us on the Web

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  • Trading Resource of the Week : Why do most futures traders lose money and how can you improve your odds?

Watch the short recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Watch the recorded webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize

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    • Hot Market of the Week – March Feeder Cattle

    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.
    March Feeder Cattle
    March feeder cattle stabilized their break last month after satisfying the fourth downside PriceCount objective. On the correction higher, the chart activated upside counts with the first objective projecting a run to the 238.53 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.
PRODUCT
S&P MidCap future
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$25,000.00
COST
USD 150 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 22nd, 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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d259df9c bf07 4429 9fa8 d12b53c37804

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Weekly Newsletter: NG Outlook, MLK Trading Hours + Futures Trading Levels for Jan. 15/16

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1178

 

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

In this issue:

  • Important Notices – General Updates and MLK Holiday Schedule
  • Trading Resource of the Week – 2024 World Cup Trading Championship
  • Hot Market of the Week – Feb Natural Gas
  • Broker’s Trading System of the Week – Crude Oil Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • Next Week
        • MLK Day is a federal holiday, abbreviated trading hours for some markets, others are closed (see below)
        Data
        • Wed 1-17, 4 Economic numbers will be released between 7:30 and 8:15 a.m. CST
        • Thur. 1-18, 3 Economic numbers between 7:30 and 9:00 a.m. CST
        Energy Markets
        • Due to the MLK Holiday Monday, the weekly EIA Energy Stocks report is moving.
        • Thursday @ 10:00 a.m. CST rather than the usual Wed. at 7:30 a.m.
        • Also, the regularly scheduled EIA Nat Gas report retains it’s 7:30 a.m. release on the 18th
        Earnings
        • Tues.-Fri, Heavy financial svcs rprtg. Including Morgan Stanely and Goldman Tues.
        • Large Regionals will be reporting though out the week.
        • Alcoa aluminum reports Wed. after the close
        Fed Watch
        • Tues. 1-17 Waller speech @ Brookings Institute 10:00 a.m. CST “Economic Outlook”
        • Wed. 1-18 Vice Chair of Supervision- Barr speech 8:00 a.m. CST “Cyber Risk”

 

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Trading Resource of the Week :

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

 

85023756 a5a8 4eea 9a14 f3222e677256

 

 

  • 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.
    February Natural Gas
    February natural gas accelerated off its December low to complete its third upside PriceCount objective before settling back with a corrective trade. Now, the chart is threatening to resume its rally where new sustained highs would project a possible run to the low percentage fourth upside count to the 4.44 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.

ZigZag 6 _ Crude Oil CL

PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000.00
COST
USD 100 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 15th, 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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d259df9c bf07 4429 9fa8 d12b53c37804

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

2024 World Cup Trading Championships + Levels for 01.10.24

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

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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3b644da2 2bee 4d39 8d98 5208a20bec39

 

 

 

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

01-10-2024

#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

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

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

The Week ahead: Data, Data & More Data….+ Levels for 01.09.24

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

The Week Ahead: Data, Data and more Data.

By John Thorpe, Senior Broker

A week of uncovering and discovering the reality rather than the hypothesis of market moving data events.

 

Sell the rumor and Buy the Fact? Or is it Buy the Rumor and sell the fact?

If you know what the market has been discounting, both statements can be true.

 

Trillions in Market Cap from Q4 report earnings this week

Mainly banks, perhaps the market had already corrected anticipating the earnings?

How will these stocks affect the current 2 month stock rally?

How will CPI affect the overall trend with this week’s release early Thursday ?

 

According to Fact set:

“The Financials sector will be a focus for the market during the next two weeks, as more than 70% of the S&P 500 companies that are scheduled to report earnings for the fourth quarter over this period are part of this sector. Companies in this sector expected to report earnings during these two weeks include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. The Financials sector is predicted to report the fourth-highest (year-over-year) earnings decline of all 11 sectors for Q4 at -3.1%”

 

See Page 5 of their 34 page Earnings Insight.

 

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_010524.pdf

For our Grain and Meat traders, THE PIVOTAL Crop Production report is going to be released this Friday @11 am CST.

The seasoned analysts believe this is the biggest report of the year as 2023 came to an end and could make for the grandest market moves as well.

Make it a fantastic trading year!

Plan your trade and trade your plan

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

01-09-2024

#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

 

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

 

a3592c47 8be7 46ff 82ca a2722ad7a0d5

 

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: LIVE Trade Alerts via Email + Futures Trading Levels for Jan. 8th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1177

 

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

In this issue:

  • Important Notices
  • Trading Alerts Via Email
  • Broker’s Trading System of the Week – Mini Nasdaq Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • We are not seeing any Fed Speakers on the Calendar for next week, this could change.
      • Volatility should be a feature mid to late week
      • Wholesale trade (Wed), CPI (Thur), jobless claims(Thur), PPI (Fri) All@ 7:30 a.m. CST
      • Over 1 Trillion $$ in Market Cap report Q4 ’23 earnings on Friday the 15th.
      • Those reporting: JPM(Chase), UNH (United Healthcare), BAC (Bank of America), WFC (Wells Fargo), C (Citibank), BLK (BlackRock)
      • In the Ag sector, what is touted as “the biggest USDA data dump of the year, presenting the opportunity for the most market-moving surprises” by Arlan Suderman StoneX lead Ag analyst.
      • USDA Supply/Demand and Annual Crop production numbers to be released @11:00 a.m. CST

 

 

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  • Real Time Email Alerts

    Directly to your Phone!

  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
  • See an example of a recent trade alert for Gold Futures in the image below
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  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

CR7

PRODUCT
Mini NASDAQ 100
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$20,000.00
COST
USD 50 / monthly
286e3dec 2e33 4706 9421 8296732abe0e
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 8th, 2024
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Trading Reports for Next Week
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  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
1a98db71 9fed 43b1 8176 971d3e94c7f2

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

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.04.24

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

What to look for in the last two trading days of the 1st trading week of 2024:

By Mark O’Brien, Senior Broker

 

General:  

 

Welcome to 2024 and best wishes in all your ventures for this year, including your trading, of course.  No matter what markets you’re following and trading, keep an eye out for those forces that move them for directional signals.  And in this inter-connected world there are some big-picture forces to watch as they develop in the coming months.

 

Inflation: Although many futures markets react to national inflation readings, global, regional and other state inflation readings will also move the markets.  Think Europe and China as important areas where inflation fluctuations can influence futures prices.

 

China: All by itself – its overall economic health, its GDP, its demand for the very commodities traded on U.S. futures exchanges – is a major point of reference for commodities prices.

 

U.S. monetary policy: plainly tied in part to inflation, our Central Bank is on the verge of entering a new phase in their unceasing mandate to control inflation and foster employment.  Financial markets are entering this year confident that rate cuts are in store beginning sometime this year – and other advanced economies will be striving and acting similarly as they see fit.

 

The U.S. dollar: our currency is forecast to depreciate as U.S. real economic growth and inflation slows.  Added to the pull, the country’s debt to GDP ratio as reflected in our current account deficit has become unsustainably high. Futures traders should be aware of the general inverse relationship between the value of the dollar and commodities prices. Prices of commodities tend to drop when the dollar strengthens against other major currencies. When the dollar weakens, prices of commodities generally move higher.

 

A busy U.S. electoral calendar:  Get ready for the Iowa Caucus (Jan. 15) and New Hampshire primary (Jan. 23).  They kick off our nation’s election cycle to November 5th when we elect our 47th president among other important state and federal office holders and with tensions already high among the major parties along with differences in economic policies, look for the futures markets to also trade with this tension in the air.

 

A busy international electoral calendar: South of our border, Mexico will hold a presidential vote in June. Taiwan, seemingly a pawn in U.S. – China relations, but an economic force to be reckoned with, holds its presidential election on Jan. 13.  India, now the world’s most populous nation and a rapidly developing manufacturing powerhouse also goes to the polls in April and May.  While no surprises are in store with both countries’ leaders expected to remain in power, Russia and Ukraine hold elections in March.  Everything from energy to grains have been impacted by the war between the two.

 

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

01-04-2024

#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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Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

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

Weekly Newsletter: New Year’s Trading Resolution + Futures Trading Levels for Jan. 2nd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1176

 

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

In this issue:

  • Important Notices – Holiday Trading Schedules
  • Trading Blessing for the 2024
  • Make 2024 Your Best Trading Year Yet!
  • Hot Market Outlook – March Dollar Index
  • Broker’s Trading System of the Week – EuroStoxx Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • Another four day trading week
      • A smattering of earnings. Mostly Microcap to Midcap with a handful of Large caps sprinkled in ( >$10B Mkt Cap)
      • Tuesday and Thursday Manufacturing and Services PMI respectively 9:00 a.m. CST
      • No consequential Fed or Congressional items on the calendar
      • Friday BIG Non-Farm Payrolls report, 7:30 a.m. CST.
      • New Year’s Trading Schedule HERE

 

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  • Trader’s Blessing for the 2024

Wishing ALL of you a happy, healthy and successful New Year!
  • The Trader’s Prayer
    May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
    May the money left on the table be someone else’s and may my pockets be deeper than the correction.
    ✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit (electronic exchange now days….).
    ✋ And if this one is a winner, I swear I quit!

Make 2024 Your Best Trading Year Yet – Walk before you run

By Cannon Trading staff
The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders?
One of the most prevalent misconceptions for inexperienced futures traders is that they believe themselves to be smarter than the rest of the commodities market participants. They underestimate the qualifications and abilities of the rest of the futures markets professionals. This business of commodities trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading futures profits. Competing against these seasoned professionals is not impossible but going at it alone, especially initially, is usually not the most prudent course of action for new futures traders.
When we were children, we learned to walk before we learned to run. This is true for most of our life experiences. We played t-ball before we played baseball. We took lessons from Arthur Murray before we entered dance competitions. We watched cooking shows or read cookbooks before we attempted to deep fry our first turkey. So, why do so many novice futures traders think that they should enter into the world of futures trading without the support of an experienced futures broker? Why, armed with their computers and quote systems do they think that they are equipped to go it alone and be successful? It isn’t logical. It goes counter to our collective life experiences.
If your goal is to trade futures/commodities independently, why not do so after acquiring valuable experience and insight by working with a seasoned professional futures broker? Someone who is already fully engaged in the futures markets. Why not begin by using a mentor, a teacher, an advisor who can supply ideas, guidelines, disciplines, and insights that the novice trader could not otherwise be exposed to? We all learned to drive with the help of an instructor, why not approach the commodities markets in a similar fashion? Your hard-earned capital is at stake. Getting an education can be a very expensive process, especially in the futures trading business. Why not take advantage of the help offered by an experienced professional? Help like this can shorten a new futures trader’s learning curve and reduce the cost of his or her tuition for this education.
It is true that not all commodities brokers are quality teachers or mentors. The futures trader must choose his or her mentor carefully….just as one does when choosing a lawyer, doctor, or accountant. The futures brokers at Cannon Trading as a group are among the finest professionals that you will find anywhere in the futures trading world. The management at Cannon Trading has chosen these brokers prudently and after much scrutiny. This is evidenced by the impressive record of professional business conduct for the past 30 years by Cannon’s brokers. This record can be reviewed by going to www.nfa.futures.org ( the National Futures Association) website and comparing Cannon Trading versus other futures brokerage firms. You will be impressed.
Professional athletes use sports psychologists. Boxers use corner men. Graduate students study under the guidance of their professors. Professional singers utilize vocal coaches. Shouldn’t you as a futures trader avail yourself of the same sort of support that successful people in all of these endeavors use?
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.
March Dollar Index
March resumed its slide into new lows. At this point, a third PriceCount objective of 98.93 would coincide with summer lows.
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.
PRODUCT
EuroStoxx future (EUR)
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$10,000.00
COST
USD 50 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
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  • Trading Levels for Next Week

Daily Levels for January 2nd, 2024
Will be available on Tuesday morning, to receive the levels, please click here , click on send us a message and type Levels in the description.
Trading Reports for Next Week
#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

 

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Lower Holiday Trading Volume +Futures Trading Levels for 12.27.23

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Low trading volume today in stock index futures and financials, the day after Christmas.

On the flip side, above average volume in grains and energies.

Understand how the holiday season and sometimes the lower volume affects the specific markets you are trading.

I suspect lower than normal volume the rest of the week with perhaps Friday being the last trading day of the year as an exception.

 

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Video: Projecting possible targets when trading futures

 

Projecting possible targets when trading futures

 

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

12-27-2023

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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

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

The Day After FOMC? + Futures Trading Levels for Dec. 14th

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

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Day After FOMC?

By Mark O’Brien, Senior Broker

 

The tea leaves in recent weeks – measures of the U.S. economy and beyond – were already indicating the Fed. would leave interest rates alone for the third straight time, maintaining the target range of 5.25% to 5.5%, after holding its last FOMC meeting of the year today. So was the benchmark prediction gauge: the Fed Funds futures contract. Yes, there were a handful of softer data: household net worth and job openings declined, overdue loan payments and credit card balances rose, European data pointed to that region’s recovery easing off and China’s is still stuck in a ditch. At the same time, the monthly non-farm payrolls report came in better than expectations with average hourly earnings and working hours rising and the unemployment rate falling. The disposition of the Fed’s individual members’ expectations for future rate policy, commonly referred to as its “dot plot,” projected that they will lower borrowing costs to 4.6 percent by the end of 2024. That call for lower rates was widespread: not a single Fed official expected interest rates to be higher at the end of next year. Still, policymakers did not firmly declare victory. They kept alive the possibility of further rate increases if inflation should prove stubborn.

 

Plan your trade and trade your plan.

 

 

 

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

 

12-14-2023

 

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

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

713b2b7b 453b 4162 b361 1b19afad5b75

 

 

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.