eminis


Weekly Newsletter #1046 Commitment of Traders Report PDF., ES Market Review & Trading Levels 4.10.2021

April 9th, 2021 Filed under Indices, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1046

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Get Real Time updates and more on our private FB group!
Trading 102: Commitment of Traders Report – What Lies beneath
Commitment of Traders Report – COT
Commitment of Traders Report offers wealth of data when it comes to commodity and futures trading. You can somewhat say, this is a window into what the “big boys are doing” which is published weekly.
In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….
ES WEEKLY chart for your review. Click for larger image. New all time highs fueled by FED QE.
Next targets? Levels of support? will this past week slow price action continue or will the “speedy price action ” of weeks before return?
M S&P’s ( June mini SP 500)
4,101 OBJECTIVE has been met.
Market could have a retracement back
to 4075.00.
Next test area is 4145.00
No two Bull or Bear markets are alike. This pandemic is similar to 1918 (post WW1), which originated in China, unfortunately killing 50 million globally. The pent up demand led to the Roaring 20’s, which is the cycle we’re presently in. With the FED all in with unprecedented stimulus, we could see a 8-9% GDP number!
Q.E. is $120 billion a month, coupled
with the 3 stimulus packages and the new $2.2 trillion infrastructure in the pipeline. Also, the FED is allowing inflation to run hot, above their 2% target, using a weak US$, as its main catalyst. Lastly, the SHORT END may remain untouched for 2 years.
Eventually, the FED will lose control of the LONG END of the curve!
Future CAVEAT, is that we all know how the Roaring 20’s ended on Oct. 29, 1929.
Mini S&P ES Weekly 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

4-12-2021

 

Weekly Levels

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


ES Tick Chart Review & Support and Resistance Levels 3.18.2020

March 17th, 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!

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

https://business.facebook.com/groups/1105191589938254/

FOMC days are definitely different type of trading days!
Quiet choppy pre FOMC and then volatile, two sided action followed by a small sell off and then a sharp rally.
Write some notes in your trading journal. What the market did, how did you react, as much insight as you can so before the next FOMC meeting you can look back and use the notes for better trading.
Intraday ES ( mini SP500 ) chart below for your review.
Note the chart is a RANGE BAR chart, 12 ticks range bars in this case, covering the action from the actual announcement.
Emini ES Tick 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

3-18-2021

Economic Reports, source: 

 www.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.


Futures Algorithms, Economic Reports & Levels 8.27.2014

August 26th, 2014 Filed under Future Trading News | Comment (0)

Hello Traders,

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

 

I have posted an analysis of coffee futures market ( medium term time frame) at:

 

 

http://experts.forexmagnates.com/coffee-futures-break-fake/

 

In between going back to day trading, I mentioned to clients before that I prefer volume charts, range bar charts and Renko charts for any time frame that is less than 15 minutes. Main reason in few words is that these type of charts can sometimes provide you with a faster signal when there is action in the market and may sometimes filter our “noise signals” when markets are quiet with low volume.
Below you will see my “longer term day trading chart” I use for mini Russell. It is a 36 ticks range bar chart. You will be to view the few signals I got this past few days.

Range Bar Charts:

A Range Bar chart is constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time the bar range (high to low) is equal to some value that you set in preferences.

 

 

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

 

 

 

To start your trial, please visit: http://levex.net/trading-algo/

 

 

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.  NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.  IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

 

 

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.  IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.  FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.  THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS

 

 

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. Past performance is not indicative to future results.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

 

 

Futures Trading Levels

Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2013.92 4092.25 17235 1193.53 83.04
Resistance 2 2008.33 4084.00 17183 1184.27 82.89
Resistance 1 2003.42 4078.25 17140 1179.03 82.78
Pivot 1997.83 4070.00 17088 1169.77 82.63
Support 1 1992.92 4064.25 17045 1164.53 82.53
Support 2 1987.33 4056.00 16993 1155.27 82.38
Support 3 1982.42 4050.25 16950 1150.03 82.27
Contract December Gold Sept.Silver Oct. Crude Oil September Bonds Sept. Euro
Resistance 3 1307.4 19.9 95.34 141 18/32 1.3252
Resistance 2 1299.6 19.8 94.85 141 10/32 1.3233
Resistance 1 1291.2 19.6 94.34 140 28/32 1.3203
Pivot 1283.4 19.4 93.85 140 20/32 1.3184
Support 1 1275.0 19.2 93.34 140 6/32 1.3154
Support 2 1267.2 19.1 92.85 139 30/32 1.3135
Support 3 1258.8 18.9 92.34 139 16/32 1.3105
Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 371.9 558.0 1038.83 349.67 33.78
Resistance 2 369.3 557.5 1033.67 347.23 33.49
Resistance 1 367.2 557.0 1030.83 345.37 33.33
Pivot 364.6 556.5 1025.67 342.93 33.04
Support 1 362.4 556.0 1022.8 341.1 32.9
Support 2 359.8 555.5 1017.67 338.63 32.59
Support 3 357.7 555.0 1014.83 336.77 32.43
Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 27 2:00am CHF UBS Consumption Indicator 2.06
EUR GfK German Consumer Climate 8.9 9.0
EUR German Import Prices m/m -0.1% 0.2%
10:30am USD Crude Oil Inventories 1.1M -4.5M
Tentative AUD HIA New Home Sales m/m 1.2%
9:30pm AUD Private Capital Expenditure q/q -0.6% -4.2%

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 judgment in trading

________
Doing Business With
See more...
Loading
Loading

Loading