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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.

Choosing the Right Futures and Commodity Trading Brokers

Posted on by Cannon Operations

Find out more about futures trading with Cannon Trading Company here.

In the world of futures and commodity trading, finding a reliable broker is paramount. Traders seek brokers that offer transparency, knowledge, quick execution, and good regulatory standing. They want a broker who not only provides the tools for trading but is also there to assist promptly when issues arise. Among the reputable players in this industry, Cannon Trading stands out as an excellent choice. In this comprehensive guide, we will explore the key factors that make Cannon Trading a top choice for futures and commodity traders, including their 4.9 out of 5-star TrustPilot ranking.

Futures and Commodity Trading Brokers: A Vital Link
Futures and commodity trading are financial markets where participants speculate on the future prices of various assets, from agricultural products to energy resources and financial instruments. To access these markets, traders rely on brokers, who act as intermediaries, providing the necessary infrastructure, trading platforms, and access to exchanges. It’s crucial to choose a broker that not only facilitates trading but also offers valuable services and assistance, especially in times of need.

The Importance of Transparency, Knowledge, and Quick Executions
When selecting a futures or commodity trading broker, several critical factors come into play:

  1. Transparency: Traders need to know that they are trading in a fair and transparent environment. This includes clear fee structures, accurate market data, and fair execution practices.
  2. Knowledge: Brokers should possess in-depth knowledge of the markets they serve. They should provide clients with insightful market analysis, educational resources, and expert guidance to help them make informed trading decisions.
  3. Quick Executions: In the fast-paced world of futures and commodities, timely execution of orders is essential. Delays can lead to missed opportunities or increased risks.
  4. Regulatory Standing: A reputable broker should be in good standing with relevant regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Regulatory compliance ensures a higher level of trust and security for clients.
  5. Customer Support: A broker’s ability to pick up the phone immediately and assist clients in resolving issues is a critical aspect of their service. Effective customer support can make a significant difference in a trader’s experience.

Cannon Trading: A Trusted Name in Futures and Commodity Brokerage
Cannon Trading, with its decades-long presence in the industry, has garnered a strong reputation for providing the transparency, knowledge, quick executions, and regulatory standing that traders seek. Here’s why Cannon Trading is highly recommended:

  1. Exceptional Transparency
    Cannon Trading prides itself on transparency in all aspects of its services. Their fee structures are clear and competitive, ensuring that traders have a comprehensive understanding of their costs. This transparency extends to order execution, where traders can expect fair and efficient execution practices.

  2. In-Depth Knowledge
    Cannon Trading’s team consists of industry experts with a deep understanding of futures and commodity markets. They offer clients valuable insights, market analysis, and educational resources to enhance their trading knowledge. Whether you’re a novice or an experienced trader, you’ll find their guidance invaluable.
  3. Quick Executions
    In the world of futures and commodities, timing is crucial. Cannon Trading provides traders with access to advanced trading platforms that offer fast and reliable order execution. This ensures that traders can seize opportunities as they arise without delays.
  4. Regulatory Compliance
    Cannon Trading operates with the highest level of integrity and is in good standing with regulatory bodies such as the CFTC and NFA. This commitment to compliance offers clients peace of mind, knowing that they are trading with a reputable and regulated broker.
  5. Exceptional Customer Support
    One of the standout features of Cannon Trading is its dedication to customer support. The firm’s support team is known for picking up the phone immediately to address client inquiries or resolve issues promptly. This level of responsiveness is a testament to their commitment to client satisfaction.

Variety of Futures Trading Software
Cannon Trading understands that traders have diverse preferences and requirements when it comes to trading platforms. That’s why they offer a wide variety of futures trading software options to cater to different needs:

– E-Futures Software: E-Futures is known for its user-friendly interface, real-time market data, and advanced charting tools. It’s suitable for traders of all levels.
– E-Futures International: This platform provides access to global markets, making it ideal for those interested in international futures trading. It offers multi-currency support and access to various asset classes.
– CannonPro Trading Software: Designed for professional and institutional traders, CannonPro offers low-latency execution, advanced order types, and extensive customization options.

Why Choose Cannon Trading
Cannon Trading’s reputation for transparency, knowledge, quick executions, and regulatory compliance make it a standout choice for futures and commodity traders. Here are some compelling reasons why you should consider Cannon Trading for your trading needs:

  1. TrustPilot 4.9 out of 5 Stars
    Cannon Trading’s TrustPilot rating of 4.9 out of 5 stars is a remarkable achievement. This high rating reflects the consistent satisfaction of their clients and is a strong indicator of the quality of their services.
  2. Comprehensive Support
    Cannon Trading goes beyond just providing trading platforms. They offer a comprehensive support system, including educational resources, market analysis, and expert guidance. Their team is readily available to assist clients in navigating the complexities of futures and commodity trading.
  3. Diverse Trading Software
    The availability of a wide range of trading software ensures that traders can find a platform that suits their specific needs and preferences. Whether you’re a beginner or a seasoned professional, Cannon Trading has a platform for you.
  4. Industry Experience
    With over three decades of experience, Cannon Trading has a proven track record of serving the needs of futures and commodity traders. Their longevity in the industry speaks to their reliability and commitment to client success.
  5. Regulatory Integrity
    Cannon Trading operates in full compliance with regulatory requirements, instilling confidence in traders that they are trading with a reputable and trustworthy broker.

Choosing the right futures and commodity trading broker is a crucial decision for traders. Cannon Trading, with its stellar reputation for transparency, knowledge, quick executions, and regulatory compliance, is a standout choice. Their 4.9 out of 5-star TrustPilot rating is a testament to their dedication to client satisfaction. With a diverse range of trading software and a commitment to providing comprehensive support, Cannon Trading is well-equipped to serve the diverse needs of futures and commodity traders, helping them navigate the intricacies of these dynamic markets with confidence and success.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

 

FOMC week ahead! + Levels for Sept. 19th 2023

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

The Week Ahead: FED Talk

By John Thorpe, Senior Broker

1st of the final 3 Fed meetings this year happens this week.

The 1st upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th will also include as a component “Projection Materials” or “Summary of Economic Projections”. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. They represent more data driven insights than merely the commentary that follows the rate decisions.

Again, the language of Wednesday’s commentary will be more heavily based on data dependency as investors look for language alluding to the end of the rate increase cycle.

 

 

The Oct31/Nov 1 Fed (this is the 2nd of 3 remaining this Year) meeting will not include this data but will still include Fed Chair Powell’s commentary.

Why focus on fed meetings? There is Clear correlation between expectations of interest rate changes and Equity Market prices. An overly simplistic description: Interest rates go higher, equity prices go lower and the correlative inverse should also follow that when interest rates go lower, equity prices go higher.

Clearly our equity indices are range bound as the market has been discounting any and all further rate increases the Fed has alluded to. What has been supporting the market is the view that rate tightening is nearing an end. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. 

CME Fedwatch Tool is reflecting a 99% probability of no rate change this meeting, maintaining the 5.25-5.50 current borrowing rate with a 1 % chance of a raise in rates.

Earnings

Fedex   (FDX) headlines a relatively light earnings calendar this week, with the logistics giant slated to disclose its fiscal first-quarter results after Wednesday’s close. Analysts, on average, expect the company to report earnings of $3.73 per share, up 8.4% year-over-year (YoY), on revenue of $21.8 billion (-7.6% YoY).

 

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.

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Futures Trading Levels

09-19-2023

#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.

S&P Futures: Trading, Components, and Hedging Strategies with Cannon Trading Company

Posted on by Cannon Operations

Find out more about trading S&P futures with Cannon Trading Company here.

S&P futures, including E-mini S&P futures and Micro S&P futures, are among the most widely traded derivatives in the world. These futures contracts are based on the S&P 500 stock index, which is a benchmark for the performance of large-cap U.S. stocks. In this comprehensive guide, we will explore the components of the S&P 500 index, where S&P futures are traded, their trading hours, and how they can be effectively used for hedging. Furthermore, we’ll elaborate on why Cannon Trading Company is considered one of the best brokers for trading the S&P 500 futures contracts.

Components of the S&P 500 Index

The S&P 500 index represents a diverse cross-section of the U.S. stock market. It comprises 500 of the largest and most prominent publicly traded companies in the United States. These companies are selected based on various factors, including market capitalization, liquidity, and sector representation. Some of the sectors and industries represented in the S&P 500 index include:

  1. Information Technology: Companies such as Apple, Microsoft, and Alphabet (Google) are major components of the S&P 500, reflecting the dominant role of the tech sector in the U.S. economy.
  2. Healthcare: Pharmaceutical giants like Johnson & Johnson and biotech firms like Pfizer are included in the index, representing the healthcare sector.
  3. Financials: Major U.S. banks like JPMorgan Chase, Bank of America, and Wells Fargo are part of the index, reflecting the strength of the financial sector.
  4. Consumer Discretionary: Retailers like Amazon and consumer brands like Walt Disney are important components of the S&P 500, representing consumer discretionary spending.
  5. Energy: Leading energy companies like ExxonMobil and Chevron are included, reflecting the importance of the energy sector.
  6. Industrials: Companies like Boeing and General Electric represent the industrial sector within the index.
  7. Consumer Staples: Household names like Procter & Gamble and Coca-Cola are part of the index, representing consumer staples.
  8. Utilities: Utility companies like NextEra Energy are included for their role in providing essential services.
  9. Materials: Companies in the materials sector, including chemical and mining firms, are also represented.
  10. Real Estate: Real estate investment trusts (REITs) like Simon Property Group are included to reflect the real estate market.

Where Are S&P Futures Traded?

S&P futures are primarily traded on futures exchanges, with the Chicago Mercantile Exchange (CME) being the most prominent venue. The two main types of S&P futures contracts are:

  1. 1. E-mini S&P 500 Futures: These are electronically traded futures contracts that represent a fraction of the value of the standard S&P 500 index. E-mini contracts are highly liquid and are preferred by many traders due to their accessibility and affordability.
  2. Micro S&P 500 Futures: Micro S&P futures are even smaller contracts than the E-minis. Designed for those who wish to fine-tune their position sizes, they offer a cost-effective way to gain exposure to the S&P 500.

Trading Hours for S&P Futures

S&P futures, including E-mini and Micro contracts, trade 23 hours a day, from 5:00 pm Central time around the clock to 4:00 pm the following day.

Hedging with S&P Futures

S&P futures are a popular choice for hedging equity portfolios because they closely track the performance of the S&P 500 index. Here’s how traders and investors can use S&P futures for hedging purposes:

  1. Portfolio Protection: Investors with significant holdings in U.S. equities can use S&P futures to protect their portfolios from market downturns. By taking a short position in S&P futures, they can offset potential losses in their stock holdings.
  2. Single-Stock Risk Mitigation: If an investor holds a substantial position in a specific S&P 500 component stock, they can hedge against the stock’s price movements by taking an opposing position in S&P futures.
  3. Event Risk Hedging: Events such as earnings announcements, economic data releases, or geopolitical events can lead to increased market volatility. Traders can use S&P futures to hedge their positions ahead of such events.
  4. Sector-specific Hedging: If an investor has a concentrated portfolio within a specific sector represented in the S&P 500, they can hedge against sector-specific risks by trading S&P futures.

Why Cannon Trading Company Is the Best Broker for S&P Futures

Cannon Trading Company has earned a strong reputation as one of the best brokers for trading S&P futures. Here are some key reasons why Cannon Trading stands out in the industry:

  1. 1. Expertise and Experience: Cannon Trading has been serving traders and investors for over three decades. Their team of experienced brokers and staff members possess deep knowledge of the futures and commodities markets, including S&P futures.
  2. Multiple Trading Platforms: Cannon Trading offers a variety of advanced trading platforms, including CQG, Sierra Chart, and R Trader. These platforms cater to traders of all levels and provide the tools needed for effective S&P futures trading.
  3. Personalized Service: The brokerage is known for its personalized approach in client relationships. They take the time to understand each client’s unique trading goals and offer tailored solutions and guidance.
  4. Competitive Pricing: Cannon Trading offers competitive commission rates, ensuring that traders can keep their trading costs in check, which is especially important for frequent S&P futures traders.
  5. Educational Resources: Cannon Trading provides a wealth of educational resources, including webinars, market analysis, and trading guides, to help traders improve their skills and make informed decisions.
  6. Regulation and Security: As a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), Cannon Trading adheres to strict industry regulations, providing clients with a secure trading environment.

S&P futures, including E-mini S&P futures and Micro S&P futures, play a vital role in the world of derivatives trading. They provide exposure to the performance of the S&P 500 index, making them a valuable instrument for traders and investors. Cannon Trading Company, with its wealth of experience, personalized service, advanced trading platforms, competitive pricing, and commitment to client education, stands out as one of the best brokers for S&P futures trading. Whether you are looking to hedge your portfolio or actively trade these contracts, Cannon Trading can provide the support and resources you need to navigate the world of S&P futures effectively.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

The Best Futures Brokers: A Comprehensive Review of E-Futures.com and Cannon Trading Company

Posted on by Cannon Operations

Read more about trading futures with Cannon Trading Company and E-futures.com here.

In the world of futures and commodities trading, selecting the right broker can make all the difference in your success. A trustworthy and reliable futures broker can provide you with the necessary tools, resources, and support to navigate the complex and dynamic world of futures trading. In this article, we will delve into two of the top contenders in the industry: E-Futures.com and Cannon Trading Company. These brokers have earned a stellar reputation, boasting a TrustPilot rating of 4.9 out of 5 stars and a series of prestigious awards dating back to 2003, including the coveted Stocks and Commodities Readers Choice Award. Join us as we explore what makes these brokers stand out and why they are considered among the best futures and commodities brokers.

The Importance of Choosing the Right Futures Broker

Before we delve into the specifics of E-Futures.com and Cannon Trading Company, let’s first understand why selecting the right futures broker is crucial.

  1. Expertise and Knowledge: Futures trading is a specialized field that requires a deep understanding of financial markets, commodities, and trading strategies. A reputable broker will have a team of experts who can provide valuable insights and guidance to help traders make informed decisions.
  2. Technology and Tools: The world of trading is increasingly reliant on technology. A good futures broker should offer advanced trading platforms, real-time data, and analytical tools to enhance the trading experience and help clients stay competitive.
  3. Security and Reliability: Trust is paramount in the financial industry. A reliable broker should provide a secure trading environment, safeguarding clients’ funds and personal information.
  4. Customer Support: Accessible and responsive customer support is essential. Traders need assistance when technical issues arise, or they have questions about their accounts, and a good broker should be readily available to assist.

E-Futures.com is a well-established futures broker that has earned a reputation for excellence in the industry. With a TrustPilot rating of 4.9 out of 5 stars, it is evident that clients have had exceptional experiences with this broker. Let’s take a closer look at what sets E-Futures.com apart:

  1. Comprehensive Trading Platforms: E-Futures.com offers a range of trading platforms, including CQG, R Trader, and Sierra Chart, which cater to traders of all levels. These platforms are renowned for their reliability and advanced features, ensuring that traders have the tools they need to succeed.
  2. Extensive Market Access: Clients of E-Futures.com can access a wide range of futures and options markets, including agricultural commodities, energy, metals, currencies, and stock indices. This diversity allows traders to diversify their portfolios and take advantage of various market opportunities.
  3. Educational Resources: E-Futures.com is committed to helping traders enhance their knowledge and skills. They provide a wealth of educational resources, including webinars, articles, and trading guides, to empower their clients.
  4. Customer Support: Customer satisfaction is a top priority for E-Futures.com. They offer excellent customer support, with a team of professionals available to assist clients with their trading needs and concerns.
  5. Regulation and Security: E-Futures.com operates under the regulatory oversight of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). This regulatory framework ensures that the broker adheres to strict industry standards and provides a secure trading environment for its clients.

Cannon Trading Company: A Legacy of Excellence

Cannon Trading Company is another esteemed player in the futures and commodities trading arena. With a TrustPilot rating of 4.9 out of 5 stars, Cannon Trading has consistently delivered exceptional service to its clients. Let’s explore why Cannon Trading is considered one of the best commodity brokers:

  1. Personalized Service: Cannon Trading is known for its personalized approach to client relationships. They take the time to understand each client’s unique goals and trading style, providing tailored solutions and advice.
  2. Advanced Trading Platforms: The broker offers a range of trading platforms, including TradingView, Sierra Chart, and CQG, which are renowned for their ease of use and powerful features.
  3. Market Expertise: Cannon Trading has a team of experienced brokers who specialize in various markets, including agricultural commodities, energy, financials, and more. Their deep market knowledge is a valuable asset to traders seeking insights and opportunities.
  4. Educational Resources: Like E-Futures.com, Cannon Trading Company offers a wealth of educational resources, including webinars, trading guides, and market analysis. These resources empower traders to make informed decisions.
  5. Regulation and Security: Cannon Trading is a member of the NFA and CFTC, ensuring that it adheres to rigorous industry standards. Client funds are held in segregated accounts, providing an additional layer of security.

Awards and Recognition

One of the most compelling indicators of a broker’s excellence is the recognition it receives within the industry. Both E-Futures.com and Cannon Trading Company have been consistently honored with awards and accolades over the years.

E-Futures.com has been the recipient of the prestigious Stocks and Commodities Readers Choice Award since 2003. This award, voted on by traders and investors, reflects the broker’s commitment to providing exceptional services and trading platforms that meet the needs of its clients.

Similarly, Cannon Trading Company has earned its fair share of awards and recognition within the industry. Their dedication to providing personalized service and cutting-edge technology has garnered them a loyal client base and accolades from industry experts.

Choosing the best futures broker or commodity broker is a critical decision for any trader. E-Futures.com and Cannon Trading Company have consistently demonstrated their commitment to excellence through their TrustPilot ratings, extensive market access, advanced trading platforms, educational resources, and regulatory compliance. Their impressive track records and the recognition they have received in the form of awards and accolades further solidify their positions as two of the best futures and commodity brokers in the industry. Whether you are a novice trader seeking guidance or an experienced trader looking for a reliable partner, E-Futures.com and Cannon Trading Company are names you can trust to help you navigate the exciting world of futures and commodities trading.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

PPI, Retail Sales & ECB Tomorrow! + Levels for Sept. 14th

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

What you need to know before trading futures on Sept. 14th:

  • Front month for stock index futures is December!
  • Busy day tomorrow with multiple reports, see below!
  • Natural Gas numbers are out tomorrow.
  • Quadruple witching is this Friday!
Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000. 

 

Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.

 Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.

The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Watch the video below on how to rollover your market depth and charts!

Rollover Futures contract on E-Futures platform

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.

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Futures Trading Levels

09-14-2023

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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: NQ, ES Rollover Notice + Levels for Sept. 11th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1162

 

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

In this issue:

  •  Trading Updates: Rollover notice
  • Trading Resource of the Week – bonds Futures Trading Contest!
  • Hot Market of the Week – November Unleaded Gasoline
  • Broker’s Trading System of the Week – NQ Day Trading System Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices – Rollover Notice

Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
I personally start trading December this Monday when the volume on December is higher than the September.
  Volume in the September contracts will begin to drop off until their expiration next Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.
The month code for December is ‘Z.’  Please consider carefully how you place orders when changing over.

Trading Resource of the Week – : Simulated Trading Contest with Real Cash Prizes!!

Sign up to win up to $2500 in cash prize and practice your rate futures trading skills ( bonds, ten years, 5 years etc.)

 

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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.
December soybean oil slowed its rally last months against the fall high and corrected. Now, the chart has recovered and is poised for another challenge of the fall and July highs. If we can break out to the upside with new sustained highs, we have a first upside PriceCount projection to the 68.51 area to aim for.
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.
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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.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$45,000
COST
USD 475 / monthly
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
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  • Trading Levels for Next Week

Daily Levels for September 11th, 2023

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  • Trading Reports for Next Week

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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: December Wheat Outlook, Labor Day Schedule + Levels for September 4th/5th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1161

 

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

In this issue:

  • Trading Updates: Labor Day Schedule
  • Trading Resource of the Week – First Notice & Last Trading Days
  • Hot Market of the Week – December Wheat
  • Broker’s Trading System of the Week – Micro NQ and ES Trading Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

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  • Trading Resource of the Week – : LT and FN ( Last trading & first Notice Days)

Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
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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.
December Wheat resumed it’s slide into new contract lows. Using the recent peak as the current leg, our next PriceCount objective is projected at $5.97
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.
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  • Broker’s Trading System of the Week

Are you interested in seeing how two different intraday trading systems perform in real time, live trading?
Cannon Trading offers you weekly updates on the results of these systems, which trade the MNQ (micro mini Nasdaq) and the ES (mini SP) respectively.
You can compare and contrast their strategies, risks, and returns, and decide which one suits your trading goals better. All you need is a minimum account size of $10,000 for the MNQ system and $25,000 for the ES system.
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 September 4th/5th, 2023

Weekly Levels

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  • Trading Reports for Next Week

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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.

What You Need to Know if you are Trading Futures on Aug 31st 2023

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

What you need to know before trading futures tomorrow – Aug 31st 2023

by Mark O’Brien, Senior Broker

 

General: 

 

Once again, we’re a couple of days away from the Labor Dept.’s release of its monthly Non-farm payrolls report – widely considered one of the most important and influential measures of the U.S. economy.  The report is released at 7:30 A.M., Central Time on the first Friday of the month.

 

The annual Jackson Hole Symposium concluded last week and Federal Reserve Chair Jerome Powell declared further interest rate increases are not off the table.  Even with higher loan rates making it harder to afford a car or a home or for businesses to finance expansion the economy is still growing.  Core inflation (excluding volatile food and energy prices) remains elevated, consumers keep spending briskly and hiring continues with the U.S. employment rate still around 50-year lows.  Chair Powell hewed to the Fed’s commitment to data dependance: the Central Bank “will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data.”

 

Softs: 

 

Five trading sessions and a ±two-cent ($2,240) move up later, March ’24 sugar futures are once again threatening to break above 26 cents / lb., matching sugar’s 10-yr. highs. And life-of-contract highs for the March ’24 contract.

 

After a brief let-up including a weighty single-day ±24-cent ($3,600) intraday drop from its highs on Aug. 17th, Nov. orange juice rebounded and closed today at a new all-time high of $3.29.20 per pound.

 

Labor day is almost here, see modified trading schedule HERE

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.

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Futures Trading Levels

08-31-2023

 

#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.

“Life outside the ES and NQ” + Levels for 8.25.23

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

Life outside the ES and NQ

You may recall that I have mentioned this topic before: Some clients find it hard to trade the mini NASDAQ or the mini S&P, among other contracts. My suggestion is to explore other markets and try them out on demo mode. You can trade these contracts in simulated trading and learn about their different personalities, what reports affect them, and how they behave. There are other markets that you can trade and day trade besides the mini S&P and the mini NASDAQ, which I personally like a lot.

I also follow gold, crude oil, treasury bonds, and the Bitcoin and Micro bitcoin futures. There are several other markets that are suitable for both day trading and swing trading, but I prefer to look for volume and liquidity.

Some of the grains (soybeans, wheat), meats (hogs and live cattle), and softs (coffee, cotton, sugar, and cocoa) can offer different opportunities and risks.

How do you get started? Contact one of our experienced brokers who can help you shorten the learning curve and provide you with some guidance.

 

Would you like to enable your own possible ALGO buy and sell signals on our FREE trading platform?

You an try it for yourself and see if you like the type of signals…..

TRY NOW – NO Credit Card Needed

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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

08-25-2023

#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.

Utilize Smart ALGO for Possible Trades: Free Trial + Trading Levels for August 23rd 2023

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

PMI, home sales, crude oil numbers and NVIDIA earnings tomorrow!

Would you like to enable your own possible ALGO buy and sell signals on our FREE trading platform?

You an try it for yourself and see if you like the type of signals…..

TRY NOW – NO Credit Card Needed

94cf96ba 13ef 4bcc 931f 2faded58020f

 

 

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

08-23-2023

#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

75e1a88f 861c 433a ac11 7fb172f52e1b

 

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.