Emini NQ

Emini NQ


Advice from a Seasoned Broker w/ Current Market Conditions & Support and Resistance Levels 12.08.2021

December 7th, 2021 Filed under Day Trading, Future Trading News, Index Futures | Comment (0)

I am often asked by clients and prospects the following:
“I am not doing very well in my current trading – any ideas you can share?”
While the answer will vary from one individual to another based on their experience, risk capital, personality and much more, here are a few common themes one can explore and try to educate oneself:
  1. Try a different market. Many will trade the NQ and ES but perhaps trading markets like bonds, gold and crude oil will fit your situation better?
  2. Try using different time frames. Most common is use higher time frames and less leverage
  3. Get confidence using MICROS. Practice and confidence are extremely important. After a while demo lacks the main Ingredients: fear and greed. Trading live using MICROS can be a worthy extra step.
  4. Have you looked at using options for short term trading rather than futures?
  5. Have you explored trading futures alongside options and using the options as risk management?
  6. What about future spreads?
  7. Option Spreads?
The bottom line is that trading futures is a tough task but there are many different ways to try and get an edge. Not all ways will fit all traders. Learn, explore and try to find your niche.

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

12-08-2021

 


Economic Reports, Source: 

https://bettertrader.co/ 

 

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.


Risk & Trade Management in Volatile Markets, NQ Chart review & Support and Resistance Levels 12.01.2021

November 30th, 2021 Filed under Future Trading News, Index Futures, Indices | Comment (0)

Dear Futures Trader,

Get Real Time updates and more on our private FB group!
On Friday, Omicron, the new COVID-19 variant took the oxygen out of newsrooms. Detected first in South Africa, this mutation is being described as potentially more contagious than the Delta variant. It is unknown whether the currently available vaccines will provide protection from it.
On Monday the markets shrugged the news and bounced hard….
Today, Tuesday fear, greed and everything in between took over again and we witnessed strong sell off across different markets with high volatility in many segments:
Stock indices, rates, grains, softs, energies…..
See 30 minute chart of the Mini NASDAQ from today below. In less than one hour, the difference from high to low was approximately $7750!! That is extreme leverage and can be a double edge sword…..This is when possibly trading smaller size, like 1-2 MICRO NQ may be a better fit for smaller accounts.
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
  3. Be extra picky on entries without chasing trades.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
  6. Consider possibly utilizing short term options rather than futures.
Useful link, just in case – -Example, cotton was down limit today, only sellers, no buyers….:
eMini NQ 30 minute 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

12-01-2021

Futures Support and Resistance Trading Levels 12.01.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

 

 

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.


Micro Mini NQ Chart Review / Fibonacci Extensions; Thanksgiving Holiday Schedule & Support and Resistance Levels 11.24.2021

November 23rd, 2021 Filed under Future Trading News, Index Futures | Comment (0)

Dear Futures Trader,

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

An exercise in Fibonacci extensions….

As the NQ started moving lower today ( I actually prefer the MNQ as it causes less stomach ache when moves against me….), I was looking for a target profit on a short position a client of mine had.
I draw FIB extension for yesterday sell off move and applied it to the high on the bounce made early this morning….Today it turned out out to be an excellent tool (click for LARGER IMAGE)….gave me targets, possible trailing stops, possible re-entry and more ( always easier looking back after the fact)….Of course there are many times where this will NOT work but you may want to take a look at Fibonacci extensions as another tool in your arsenal and just Fibonacci retracement….
Micro Nasdaq #MNQ 15 Minute Chart
Short Trading week ahead with Thanksgiving Holiday this week.
See trading schedule below, be aware of the different reports, what is the market focusing on and the different closing times for the different markets between tomorrow and Friday/Sunday evening.
CME Globex Thanksgiving Holiday Futures Schedule 2021

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

11-24-2021

Futures Support and Resistance Levels 11.23.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

 

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.


Simpler Approach To Trading Using ALGOS And Trade Management, Mini NQ Chart & Support and Resistance Levels 10.22.2021

October 21st, 2021 Filed under futures trading education, Index Futures | Comment (0)

Dear Traders,

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

Simpler Approach To Trading Using ALGOS And Trade Management

Sign up to receive family of studies along with trading ALGORITHMS you can place on your own charts, your own time frame and the markets you prefer.
Once you register to the free 3 weeks trial, you will also receive a 23 page PDF eBook that details the logic, concept and trading applications that can be used while applying these indicators.
Examples from today’s session using the mini NASDAQ chart below for your review.
What you see are signals in the form of either RED or GREEN Squares, trying to suggest possible market turn is coming.
If price action confirms, the turns, the logic behind the model says there is a better chance for continuation.
Mini Nasdaq 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

10-22-2020

Support and Resistance Levels 10.22.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

 

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.


Mini Nasdaq Chart & Support and Resistance Levels 3.03.2021

March 2nd, 2021 Filed under Future Trading News | Comment (0)

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Time to trade June bonds, May silver and May copper as well as May grains.
Stock futures and currencies don’t roll over until mid March and we will send a separate notice.
The recent volatility reminds me of last March, when COVID started.
I have a few points to make:
  1. Take a look at the below chart from today on the mini NASDAQ this volatility will play both sides and in MY OPINION this is not a market to just buy and hold using futures….You need to be able to react and adjust positions according to market action and sentiment.
  2. DON’T try to predict tops and bottoms….
  3. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed.
  6. Survive to trade another day.
  7. LIMITS guidelines visit: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
Emini Nasdaq NQ 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

3-03-2021

Futures Support & Resistance Levels 3.03.2021

Economic Reports, source: 

 www.BetterTrader.co

BetterTrader Economic Indicators

 

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.

Have A Questions? Open an account Free Demo Account Free Demo Account

Questions?

Valid first name is required.
Valid last name is required.
Phone number is required.
E-mail is required.
Message is required.
Phone (USA)
Phone (International)
Our Approach

You and your broker will work together to achieve your trading goals. We develop long term relationships with our clients so that we can grow and improve together.
Learn More About Choosing Cannon

Our Platforms

Please click on one of our platforms below to learn more about them, start a free demo, or open an account.
E-Futures Sierra Charts Firetip (Mac Compatible) RTrader

________
Doing Business With
See more...
Loading
Loading

Loading