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Category: Weekly Newsletter

Weekly Newsletter 1104: Take a look at a buy/sell ALGO + Futures Trading Levels 7.04.2022

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1104

Dear Traders,

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Free Trial to Buy/Sell Signals in YOUR OWN Charts

Get a 2-week FREE trial to the DIAMOND ALGO Family of trading signals!
  • Plug the indicators into your OWN charts, the markets you like and the time frame you like!
  • See how the signals work in real time!
  • Observe both the counter-trend and the trend following indicators
  • Get access to a video showing the suggested use of the different indicators.
  • Example of Signals in the Crude Oil 30 minute chart below from Friday, July 1st: Red diamond & Squares, red arrows = potential sell
  • Blue Arrows, diamonds, squares potential buy.
30 minute Crude Oil Futures Chart
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

07-04-2022

Futures Support + Resistance Levels 7.02.2022

Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates
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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

Weekly Newsletter 1103: Learn to use Bollinger Bands & Parabolics when trading + Futures Trading Levels 6.27.2022

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1103

Dear Traders,

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Trading Videos 201: Bollinger Bands, Parabolics, Price Confirmation and more!

Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

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

06-27-2022

Futures Trading Support + Resistance Levels 6.27.2022

Weekly Levels

Weekly Futures Trading Support + Resistance Levels
Weekly Trading Levels for 6.27-7.01

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Reports

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 1102: Identifying Trend Days (Bullish/Bearish), Futures Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1102

Dear Traders,

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Trading 102: Identifying Trend Days (Bullish/Bearish)

This Article Was Contributed By 3rd Party. The Logic Behind The Article Is Valuable In Our Opinion And Provides You, The Trader, Another Possible Trading Tool To Explore.
By: David Dube Of Polaris Trading Group
Trend days often begin as strong upside (gap) breakouts that never get filled. Typically volatility and volume expand suggesting the move has significant participation from large (Other Time Frame) traders. Once the move is initiated price continues to trade above the market’s Volume Weighted Average Price (VWAP) and itself trends in direction of breakout. Since VWAP is trending this implies that traders are accepting “expanding value”.
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Momentum and breadth Indicators will be skewed…Downside breakouts will be associated with high Cumulative NYSE Tick reading maintaining below zero-line with shallow pullbacks during the session. This tells us that, on balance, more stocks are trading on downticks versus upticks: (bearish case…sellers are in control). Additional breadth indicators to consider are Advance/Decline Ratio and Cumulative Volume Delta.
DubeB
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

06-20-2022

Futures Support and Resistance Levels 6.20.2022

Weekly Levels

Weekly Futures Support Resistance Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Reports 6.20-6.24

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 1101: Trading Crude Oil Volatility & Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1101

Dear Traders,

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Rollover Notice for U.S. Stock Index and Currency Futures

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
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Are you using Sierra charts and looking to implement their Teton order routing?
If so, look no further, Cannon can assist you in getting set up!
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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

06-13-2022

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Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates
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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

Weekly Newsletter 1100: Futures Spreads 101 + Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1100

Dear Traders,

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Enhance Your Trading, Futures Spreads 101

By John Thorpe, Senior Broker
Futures spreads are a way to get involved in trending markets at a lower margin cost and often times can give the trader staying power to last weeks if not months. If you were thinking about entering the Crude market, or the Grain markets but were psyched out by the volatility of an outright long or short futures position. Futures Time Spreads or Calendar spreads where the trader goes long one month and simultaneously goes short another month of the same commodity is a way to engage your margin dollars in a trend.
We use the futures contract symbol, in the case of Soybeans ZS then FTS for futures Time Spread ZS FTS +N22,-Z22 if you look at the chart the symbol is highlighted upper left and the current price is 1.78 or $1.78 cents. that is the differential between the two contracts most recent prices today
Some advantages of using a spread are:
Soybean Futures Time Spread
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

06-06-2022

Futures Support and Resistance Levels 6.06.2022

Weekly Levels

Weekly Support & Resistance Levels 6.06-6.10.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Report 6.03-6.13.2022

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 1099: Introduction to Equity Index Products – FREE Online Trading Course + Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1099

Dear Traders,

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Enhance Your Trading, FREE COURSE: Introduction to Equity Index Futures Products

Course Overview If you were asked to picture trading the U.S. stock market, what comes to mind? You may think of trading shares of companies like Apple, ExxonMobil or Disney. But what if there was another way to express your views and gain broad-based exposure to U.S. equities – without trading each individual stock? One alternative is equity index futures and options. With a single transaction, investors can use these index-based contracts to manage risk or seek profits based on whether they think the stock market will rise or fall. Learn the basics of these contracts, including what they are, how they’re built and how many ways you can use them.
This comprehensive course will cover the following topics:
  • What’s an Index Future?
  • The Importance of Depth (Volume)
  • Hedging and Risk Management
  • Trading Opportunities in Equity Index Futures
  • Equity Intermarket Spreads
  • And More…..
CME Globex Memorial Day Holiday Schedule 2022
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

05-31-2022

Futures Support & Resistance Levels 5.27.2022

Weekly Levels

Weekly Support & Resistance Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Reports 5.26 - 6.03.2022

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 1098: Simpler Approach to Trading & Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1098

Dear Traders,

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Educational Trading Video: How I like to day-trade futures using either counter trend or trend following concepts ( or what I call a simpler approach to day trading)

In This 25 Minutes Video You Will Learn The Following:

1. Possible advantages of using range bar charts over time charts for day trading
2. Trade set ups using counter trend indicators
3. Trade set ups using trend following indicators
4. The concept of price confirmation
5. Tips and insights from Ilan’s observations of different markets
6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
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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

05-23-2022

Futures Support and Resistance Levels 5.23.2022

Weekly Levels

Weekly Support & Resistance Levels 5.23 - 5.27.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
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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

Weekly Newsletter #1097 When to Exit a Trade? Trading Levels for the Week and Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1097

Dear Traders,

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Exiting a Trade might be more important than the entry….

“You Must Understand That There Is More Than One Path To The Top Of The Mountain.”- Miyamoto Musashi, A Book Of Five Rings: The Classic Guide To Strategy
Futures and futures options trading is a challenging activity. More so for those traders who look to trading as an occupation. So much thinking, contemplating, planning goes into trading – related to the markets you’re trading, the strategies that get implemented, the possible risk/reward outcomes. For someone new to trading, seeing the sum total of all the parts may be a lot to take in. Veteran traders will tell you the full picture keeps changing and can be daunting often.
When trading goes well, the trader’s energy and overall outlook is powerful, optimistic and energizing for other aspects of life. When trading goes unsuccessfully, most traders feel the pain in many ways outside of the obvious financial consequences.
Whether you’re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:
  • Where, When and how do I enter a trade?
  • How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?
  • Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?
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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

05-16-2022

Futures Support and Resistance Levels 5.16.2022

Weekly Levels

Weekly Support and Resistance Levels 5.16.2022 - 5.20.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
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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

Weekly Newsletter #1096 Why do most futures traders lose money? & Trading Levels for the Week and Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1096

Dear Traders,

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Why do most futures traders lose money and how can you improve your odds?

Watch the 45-minute 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 45-minute webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize

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

05-09-2022

Futures Support and Resistance Levels 5.09.2022

Weekly Levels

Weekly Support and Resistance Levels 5.09 - 5.13.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Weekly Reports 5.09.2022 - 5.13.2022

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 #1094 Tight Stops? Wide Stops?, Trading Videos & Trading Levels for the Week and Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1094

Dear Traders,

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Day Trading 202: Tight Stops? Wide Stops? Which One Should I Use?

Entry Signals Are Very Important But Just As Important If Not More Is Trade Management.
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
This article was published on FinanceMagnates.com back a couple years ago but is definitely a timeless article.
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will i use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?

Valuable Tools & Resources for Traders:

  •  Would you like to get access to daily research? Access info on what is moving the markets both technically and fundamentally? FREE TRIAL
  • Would you like a FREE CONSULTATION? Set up a time to talk with an experienced broker on variety of topics such as trading methods, indicators, concepts, questions on options/spreads/platforms and much more!
  • Are you looking for Trading insights/ techniques? Watch a series of short videos on using Bollinger bands, Range bar charts and more!
  • Thinking about day trading futures? Read the 8 steps for better day trading
  • Looking to lower your commissions? Try our Match or Beat tool
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

04-25-2022

Futures Support and Resistance Levels 4.25.2022

Weekly Levels

Weekly Support and Resistance Levels 4.25.2022 - 4.29.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Reports 4.25.2022 - 4.29.2022

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

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.