Day Future Trading

Futures Trading Systems, Futures Levels & Economic Reports 12.11.13

December 10th, 2013 Filed under Commodity Trading, Future Trading News, Futures Trading | Comments Off on Futures Trading Systems, Futures Levels & Economic Reports 12.11.13

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

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 December 11, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

A quick note about trading systems.

I know most of you are what i consider self directed traders. You like to make your own decisions of when to buy/ sell/ markets etc.

Some of you may have tried different automated trading systems in the past and some may be currently trading some systems. i think that if one has the risk capital and does the due diligence, there are some good systems out there which can be used as diversification to your own trading and/ or as a form of more aggressive investment.

I do want to bring to your attention two trading systems I personally really like and have been impressed with the results.

One is a medium term system/model that works with seasonal spreads. We have clients in this office who been trading these spreads for years and will be more than happy to share additional details for those of you who are interested.

The second is a day trading system that finishes each day flat. It does not trade often, avg of about 2 trades a day. it picks trades from about 20 different futures markets and is offered as auto trade here at cannon trading. Again, I am quite impressed with the results so far and will be happy to share more with interested clients prospects.

Please email me with any questions/ interest on the topic above and I will be happy to assist!

Read the rest of this entry »

3 Types of Trading Days, Futures Levels & Economic Reports 12-10-2013

December 9th, 2013 Filed under Future Trading News, Futures Trading | Comments Off on 3 Types of Trading Days, Futures Levels & Economic Reports 12-10-2013

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

For 2013 I would like to wish all of you discipline and patience in your trading!

Extremely low volume today, a little too early for “holiday trading mode” but today’s trading in stock index futures definitely resembled holiday trading. I am pretty convinced that we will see more volatility and volume in the next couple of weeks before reaching Christmas and New year trading weeks.

Although I have shared this piece with you before, i think it is worth sharing again as understanding or trying to predict what type of trading day we will have ahead has big importance on style of trading to be used, level of aggressiveness etc.

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

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.
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.
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.

A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
1. 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)
2. Mondays have the highest chance for trending days
3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

Read the rest of this entry »