Contracts Rollover

Rollover Indices/ Currencies/ Financials, FOMC Tomorrow & Support and Resistance Levels 3.16.2021

March 16th, 2021 Filed under Indices | Comment (0)


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Dear Traders,

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It’s that time of the year where June contract is the front month for all stock indices/ currencies/ financials and other markets!
Tomorrow we have FOMC.
Normally the volatility is around the actual rate cut/increase….This time it is 99.99% of no change. Language in the statement will be the main feature.
However, FOMC days do have unique behavior and this time my guess is, it will be around the language used after the announcement.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

Good Trading

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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.

Futures Trading Levels, March Contracts Rollover

March 11th, 2011 Filed under Future Trading News, Futures Trading | Comment (0)

Cannon Trading /


Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 10th at 8:30 am Chicago time from the March 2011 contract to the June 2011 contract. The month code for June is ‘M1’.

It is recommended that all new positions be placed in the June contract as of Thursday’s trade date.

Please close any open March Currencies positions by the close on Friday the 11th.

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