Commodity Futures Trading


Futures Trading Levels & Economic Report 8.20.2015

August 19th, 2015 Filed under Commodity Trading, Future Trading News, Futures Trading | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday August 19, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Jim Wyckoff Discusses Entry & Exit Strategies

From our friend Jim Wyckoff
I have received several email messages from my readers asking about how to best determine entry and exit strategies when trading markets. Here are just a few of their quotes:
  • “Though my success rate has been high, I am only breaking even financially, due to getting out too early in profit and letting my losses run too far.”
  • “Many articles are written showing when and where to enter trades… but how many articles are written about “running” positions? Where to exit surely has to be the biggest key to trading success!”
  • “I would appreciate some advice or tips on how to and when to enter a market and when to exit.”
Of course, if a trader knew exactly when to get into a market and when to get out, wouldn’t trading be easy! But even the most successful traders in the world can’t do that. The best they can strive for is to catch a bigger part of any move (trend) in the market, and then get out with a good profit before the market turns against them.
I’ve written past articles on trading with the trend and not against it, on the perils of trying to pick tops and bottoms, on support and resistance, and on letting profits run and cutting losses short, as well as trading the “breakouts.” I won’t repeat all those trading tenets here, but if you’ve missed some of my articles, drop me an email and I can attach some of them in an email to you.

Types of Futures Trading Days & Economic Reports 8.05.2015

August 4th, 2015 Filed under Commodity Trading, Day Trading, Future Trading News, Futures Trading | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday August 4, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

In the last few days we witnessed “summer trading” with low volume and range bound trading which encouraged me to share the following with you on the different types of trading days:

  • In my opinion there are 3 main types of future trading days.

1. The most common day are 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 days, 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 days – 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.

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Crude Oil Futures & Economic Reports 3.25.2015

March 24th, 2015 Filed under Commodity Trading, Crude Oil, Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday March 25, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

One of my favorite markets for day trading is crude oil. Actually not this month… it has taken way too much money out of my system… but normally it is. I like the fast action and some of the set ups both fear and greed present in this market.

Tomorrow is 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.

Observe crude oil futures tomorrow during the time of report to get a feel.

If you never traded crude oil futures before, observe for a bit and try doing so in demo mode first.

I wrote an article about this topic, you can access at:

https://www.cannontrading.com/community/newsletter/Day-Trading-Commodities-with-Crude-Oil-Futures#one

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Mini S&P Chart & Economic Reports 12.19.2014

December 18th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading, Indices | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday December 19, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Recent moves in the stock market don’t stop to amaze me…. FED changes language in statement slightly and we jump over 2.5%!!!

Hard to predict what will happen next, at least for me it is. We have seen days where the market closes down sharply only to make a U turn the next day and vice versa.

Below is a daily chart of the mini SP, if we break the recent highs of 2072, then next targets are 2094 and 2170.

EP - E-mini S&P 100, Equalized Active Daily Continuation

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Economic Reports and Futures Levels 12.09.2014

December 8th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading, Indices | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 Today’s correction another opportunity to go long?

To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….

Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.

Some possible levels to watch in the chart below:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi

ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

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