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.
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
Full day ahead with important economic numbers along with G20 meeting taking place over the weekend. Continue reading “Trading Levels & Economic Reports for 10-14-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
I read the following on the Wall St. blog and thought it is worth sharing:
“S&P 500, With ‘Violence and Passion,’ Soars Right to the Roof of Its Range” – By Steven Russolillo Continue reading “Trading Levels & Economic Reports for 10-13-2011”
In this post:
1. Real-Time Day Trading Signals Service
2. Support and Resistance Levels
View Ilan’s E Mini S&P 500 charts. Read his trading notes. Hear his commentary. All live!
To get started, simply fill out the short form here!
We will send you your free invitation within one business day.
Please note, a valid email address and phone number are required. Continue reading “Trading Levels & Economic Reports for 10-12-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
Today’s rally was impressive and completed my target I mentioned over a week ago.
We crossed the 50 day moving average and closed above it as well. The BIG question is ” was the fact that this price action took place during a bank holiday on MUCH lower volume be a fake out?”
I guess the next few days will provide answers, in between daily chart of the SP500 ( big Sp, pit session) for your review below ( I included the 50 day Moving Avg. as well as the 100 day moving avg.): Continue reading “Trading Levels & Economic Reports for 10-11-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports
Last trading day of the month is upon us and for October I would like to wish everyone a month full of trading patience, of wise money management, of disciplined trading and “picky” trades.
If you will be able to control yourself and implement what I mentioned above, it should be a successful trading month! Continue reading “Last Trading Day of September | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases
Front month for Equities (eminis), currencies, bonds and financials and many other markets is now December. You should not be trading almost any September contract of any market.
Note to our clients who are trading with TransactAT:
The latest version is now TransactAT 5.2.2 (download). The newer version can be installed over the older version. Please contact you broker if you need any help.
FOMC tomorrow and before that more than a few economic numbers.
FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.
If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market- FAST.
My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility during first couple of hours as well.
My SWING trading model is currently short the mini Russell from 693 ( target around 672, stop around 716) which may not suite everyone’s stomach ahead of the what maybe volatile overnight and tomorrows FOMC session, but chart for your review below.
If you would like to be included on my SWING trade ideas, send me an email. Continue reading “Trade With Caution, FOMC Day Tomorrow | Support and Resistance Levels”
Market rallied close to 3% on the SP and Dow Jones. Again it did so on much lighter volume than when it sold off last few weeks but nonetheless one CANNOT argue with price action. We are approaching the 50% retracement level from the highs made on July 8th to lows made Aug 9th. That level on the mini SP is 1212.50. I believe that the 1212 to 1219 zone is an important resistance level to watch. If we break above it with meaningful volume, it may be a sign of further room to the upside, on the other hand if we fail against it and volume picks up with price action going lower, it may be a sign of resumed selling. As always in our business… time will tell. Plenty of economic reports this week, both in the US and in Europe. Last but not least it is the end of the month…. Wishing you great trading this week and Daily chart of the mini SP 500 for your review below.
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. Continue reading “Key Resistance Level in Futures Trading Price Action | Support and Resistance Levels”
Another day full of two sided moves and volatility.
This type of trading action works well for a set of studies/ ALGO I developed.
You can see a screen shot below which pretty much speaks for itself.
I share my studies and ALGO in two ways.
The first is by having a daily live chart service, where subscribers/ trial members get a unique invitation to view my screen along with live charts, trade signals and trade philosophy. I call it live webinar.
The second method is available for sierra charts / ATcharts users . Those who are interested will get my ALGO/ study pac via email and will be able to apply it on their sierra charts for different markets, different time frames etc.
Both methods are available for a free trial if you did not have one yet.
To read more and request a trial, visit our futures trading webinar page or simply send me an email with your sierra/ ATcharts user name.
Have a great weekend!
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. Continue reading “Using Algorithms During High Market Volatility | Support and Resistance Levels”
We expect volatility to peak as we approach Friday, ahead of the weekend with Fed Chairman Bernanke speaking In Jackson Hole and Quarterly GDP numbers due early.
Plan for the unexpected. If you are a swing / position trader make sure you have enough “cushion” to sustain these volatile moves and make sure you understand your margin requirements and obligations.
On a different note, GREAT article about “Beliefs” and Trading by Dr. Janice Dorn in our weekly newsletter.
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. Continue reading “Trading Beliefs and Market Volatility | Support and Resistance Levels”
On Friday I wrote the following regarding today’s session:
I have no idea of what to expect of this market for next week. Probably more volatility?
I guess I will wait and see price action Sunday night and Monday morning before forming an opinion.
Well after today’s price action I favor the downside as I see the close today to be bearish to neutral.
As I wrote before, you can have the right market direction and feel for the market and still lose… Maybe more important is the trading plan, i.e entry level, potential targets and stops etc. or to make it short….PLAN YOUR TRADE, TRADE YOUR PLAN.
Daily chart of the DOW JONES CASH index for your review below:
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. Continue reading “Futures Trading Levels, Trading Plans”