Category: Weekly Newsletter

Date Reports/Expiration Notice Dates

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

Weekly Newsletter 1122: Volume Profile, Order Flow & Footprint Charts + Levels for November 7th

Posted on November 4, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1122

If you’re not living in Arizona, Hawaii or a few other U.S. territories, get ready to wave goodbye to Daylight Savings Time. This Sunday at 2:00 A.M., local time (that’s right, each time zone switches at a different time) set your clocks back one hour and welcome back to Standard Time.

International Traders please pay special attention and remember to adjust on your local time zone to the reflect current market hours.

Volume Profile, Order Flow & Footprint Charts

VolSys (Volumetrica Trading) is a professional trading platform which its main goal is the analysis of the volume profiles, time and sales, order flow and footprint all developed by a group of individual traders.

The trading platform has all you need for fast and convenient market evaluation – Adv. Time And Sales, Adv. Chart, Correlation Viewer and HFT algorithms tracking. Our platforms process the order flow data and display it in an innovative and intuitive way.

The Trading platform provides one-click chart and DOM trading in order to help scalper and day traders.

VolSys offers the most powerful indicators (Volume Profile, Order Flow Analyzer, Footpring etc) in order to understand the market movements through the volume analysis, while VolBook offers an innovative way to view the depth of the market.

Try a free demo today

Hot Market

E-mini NASDAQ 100

Will the NQ and little brother MNQ test the October 13th lows?

FOMC and non Farm Payrolls are behind us but Election week is next….

Will it test?

Will it hold support?

If it breaks below what are the next levels?

Daily chart below for your review. CLICK FOR LARGER IMAGE.

Futures Trading Levels

11-07-2022

Daily Levels

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

Date Reports/Expiration Notice Dates

Weekly Newsletter 1121: Trading Alerts Direct to Your Inbox+ Levels for October 31st, 2022

Posted on October 28, 2022 by Ilan

· A dynamic research tool for Futures traders based on unique algorithmic IP. Experienced research team has combined decades of trading experience with strong programming capability to produce this adaptive algorithmic trading product.

· Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.

· Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up.

Contact your broker for implementation instructions to get you started.

FREE TRIAL

IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THIS LETTER ARE OF OPINION AND DO NOT GUARANTEE ANY PROFITS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Futures Trading Levels For

10-31-2022

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Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

Date Reports/Expiration Notice Dates

Weekly Newsletter 1119: 25 Options Strategies+ Levels for October 17th, 2022

Posted on October 14, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1119

Dear Traders,

Like us on FaceBook!

Download the Free eBook NOW

Get Real Time updates and market alerts on Twitter!

25 Strategies For Trading Options

Learn about the 25 Proven Strategies for trading options on CME Group Futures for FREE!

If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspread and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.

Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements. To learn more about CME Group options, you can also visit our Options page

Futures Trading Videos:

1. Identifying Support And Resistance Using A Line Chart.

2. Finding Levels of Support Resistance

3. Day Trading crude oil futures using fear and greed….

VIEW VIDEOS HERE

Would you like to get daily support & resistance levels?

Yes

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 when it comes to Futures Trading.

Futures Trading Levels

10-17-2022

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

Date Reports/Expiration Notice Dates

Weekly Newsletter 1118: Try our In-House Created Family of Technical Studies+ Levels for October 10th 2022

Posted on October 7, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1118

Dear Traders,

Like us on FaceBook!

Get Real Time updates and market alerts on Twitter!

Try our in-house created family of technical studies

Identify BUY and SELL signals
Plug into your own charts
Select your own market and timeframe

Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.

Approach focuses on counter-trend and trend following price action and trade management.

Examples from today’s session using the E-mini SP500 chart below for your review. This is a 10,000 volume chart right before and after the NFP report.

Emini S&P 500 Volume Bar Chart 10,000 contracts — #ES

The above chart is an example of mostly “good signals”. Like any other concept, this model has “failed signals” as well and it is always MUCH easier to explain and review any method looking back after the fact then when one is trading live money in real time. Please read disclaimer below as it is VERY appropriate.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Futures Trading Videos:

1. Identifying Support And Resistance Using A Line Chart.

2. Finding Levels of Support Resistance

3. Day Trading crude oil futures using fear and greed….

VIEW VIDEOS HERE

Would you like to get daily support & resistance levels?

Yes

Good Trading

Futures Trading Levels

10-10-2022

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

Date Reports/Expiration Notice Dates

Weekly Newsletter 1117: Day Trading Mind Traps+ Levels for October 3, 2022 + Week Ahead

Posted on September 30, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1117

Dear Traders,

Like us on FaceBook!

….Read More by clicking here

Get Real Time updates and market alerts on Twitter!

Day Trading Mind Traps

“One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D

MINDING THE MIND

The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.

INTUITIVE TRADING

Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.

Feel free to reach out to your current Cannon broker or contact person if you like to expand on the topic.

Futures Trading Videos:

1. Identifying Support And Resistance Using A Line Chart.

2. Finding Levels of Support Resistance

3. Day Trading crude oil futures using fear and greed….

VIEW VIDEOS HERE

Would you like to get daily support & resistance levels?

Yes

Good Trading

Futures Trading Levels

10-03-2022

Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

Date Reports/Expiration Notice Dates

Weekly Newsletter 1116: Using STOP Orders to Enter the Market + Trading Levels for the Week Ahead

Posted on September 23, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1116

Dear Traders,

Like us on FaceBook!

Get Real Time updates and market alerts on Twitter!

Trading Tip:

Entering trades using a STOP order.

Most retail clients I work with will enter trades either at market or using a limit order (better price than current market price), however, there are times that depending on your trading strategy , entering the trade on a stop order might be better.

Example, you are looking for momentum and making a few ticks and you feel that the current resistance on natural gas is 3.570 and in this hypothetical example the market is trading at 3.550.

You place a buy stop order to enter the market at 3.573 because you want to see the resistance violated and you are looking for possible continuation and follow through if that happens.

If the market does not brake the resistance line in this “educational example”, you don’t get in the trade. If it does, then your buy stop will trigger you long at best market price.

Some traders will take this a step further and use a buy stop/limit. example buy stop 3.573 / limit 3.575 meaning fill me if we break 3.573 but no worse than 3.575. In this case you are willing to “miss the trade” but you know what is your predefined slippage.

Feel free to reach out to your current Cannon broker or contact person if you like to expand on the topic.

Futures Trading Videos:

1. Identifying Support And Resistance Using A Line Chart.

2. Finding Levels of Support Resistance

3. Day Trading crude oil futures using fear and greed….

VIEW VIDEOS HERE

Would you like to get daily support & resistance levels?

Yes

Good Trading

Futures Trading Levels

09-26-2022

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://business.facebook.com/groups/1105191589938254/

Date Reports/Expiration Notice Dates

Choppy Price Action Calls for Different Strategies + Futures Trading Levels 9.23.2022

Posted on September 22, 2022 by Ilan

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

Price action yesterday during FOMC and today leads me to talk about the “type of market environment you are trading”.

Yesterday we saw extremely volatile action both sides of the market with the end result a sharp down move.

Today we saw again, volatile, at times sporadic price moves both up and down.

Volume both days was heavy.

My opinion is that there are 3 main types of trading days.

1. Most common is two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.

2. Strong trending day, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend

3. Slow and/ or choppy trading day – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

Good question is how can one asses what type of trading day we will have while the market is still trading….I am doing some work about it and will be happy to hear feedback via email but here are some initial observations:

Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session ( primary session is when the cash/ stock market is open)
Mondays have the highest chance for trending days
The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
If the first 30 minutes have good volume, better chances for type 1 or type 2 trading days.
low volume during first 30 minutes can suggest a choppy (type 3 trading day)

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

Futures Trading Levels

09-23-2022

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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 1115: 5 Big Mistakes Beginners Should Avoid Making + Trading Levels for the WeekAhead

Posted on September 16, 2022 by Ilan

Cannon Futures Weekly Newsletter Issue # 1115

Dear Traders,

Like us on FaceBook!

Here are the FIVE CRUICIAL MISTAKES you need to avoid!

Get Real Time updates and market alerts on Twitter!

Trading 101: 5 Big Mistakes Beginners Should Avoid Making

Trading Futures Is A Tough Business, But If You Are One Of The Very Few That Can Succeed, This Could Be A Lucrative Business As Well

Ilan Levy-Mayer |SmallCapPower

I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..

As a commodity broker I have observed MANY traders, many of them were new traders, and this allows me to share with you some valuable observations I hope will help you start your futures trading journey on a much smoother road than most.

Would you like to get daily support & resistance levels?

Yes

Good Trading

Futures Trading Levels

09-19-2022

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week: