FOMC meeting


FOMC Provided Volatility, Economic Reports & Levels 9.18.2014

September 17th, 2014 Filed under Commodity Brokers, Commodity Trading, Futures Trading, Index Futures | Comment (0)

Hello Traders,

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

FOMC day provided the volatility expected. I speculate that we will see more volatility tomorrow as well.

In addition we got the vote in Scotland that can affect the British Pound as well as some other currencies. My outlook for the pound is available here.

On a different note, I am sharing with you a screen shot of my mini Russell chart. 18 ticks range bar chart along with my DIAMOND ALGO, which works better when there is two sided action like we seen the last couple of days versus when we have a strong trending day.
The DIAMOND ALGO tries to predict turning points in the market.

TFEZ4 - Russell 2000 Index Mini, Dex. 14 : Range Bar, 18 Tick Units

TFEZ4 – Russell 2000 Index Mini, Dex. 14 : Range Bar, 18 Tick Units

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 OR CQG Q Trader.

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

Read the rest of this entry »


FOMC Interest Rate Decision tomorrow & Economic Reports 6.18.2014

June 17th, 2014 Filed under Future Trading News | Comment (0)

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

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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 June 18, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

A quick analysis I did for investing.com about crude oil futures at:

http://www.investing.com/analysis/is-crude-oil-breaking-higher-216227

 

 

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, June 18th ).

 

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

 

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

 

The following are 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 1925.00 with a stop at 1919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1919.75 and place a stop a few points below in this hypothetical example.
  • 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.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Read the rest of this entry »


FOMC Interest Rate Decision & Futures Economic Levels 5.01.2014

April 30th, 2014 Filed under 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 Thursday May 1, 2014

Hello Traders,

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

 

 

The FOMC interest rate decision is behind us and so is April. This was one of the LESS volatile FOMC announcements. 

Hope everyone will enjoy a great trading month in May!

We still have monthly unemployment this Friday and just for visual, below is the weekly Dow Jones Cash chart, flirting with all time highs…….

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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.

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

Futures Trading Levels

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1896.50 3627.08 16642 1151.87 80.40
Resistance 2 1888.00 3602.42 16584 1138.13 80.21
Resistance 1 1883.25 3588.33 16549 1131.07 79.89
Pivot 1874.75 3563.67 16491 1117.33 79.70
Support 1 1870.00 3549.58 16456 1110.27 79.38
Support 2 1861.50 3524.92 16398 1096.53 79.19
Support 3 1856.75 3510.83 16363 1089.47 78.87
Contract June Gold July Silver June Crude Oil June Bonds  June Euro
Resistance 3 1310.9 1990.7 102.06 136  6/32 1.4019
Resistance 2 1304.6 1970.8 101.41 135 18/32 1.3948
Resistance 1 1297.4 1945.7 100.65 135  7/32 1.3910
Pivot 1291.1 1925.8 100.00 134 19/32 1.3839
Support 1 1283.9 1900.7 99.24 134  8/32 1.3801
Support 2 1277.6 1880.8 98.59 133 20/32 1.3730
Support 3 1270.4 1855.7 97.83 133  9/32 1.3692
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 525.1 730.3 1528.17 500.70 42.87
Resistance 2 522.2 726.5 1520.58 497.50 42.62
Resistance 1 520.6 724.0 1516.67 495.60 42.36
Pivot 517.7 720.3 1509.08 492.40 42.11
Support 1 516.1 717.8 1505.2 490.5 41.9
Support 2 513.2 714.0 1497.58 487.30 41.60
Support 3 511.6 711.5 1493.67 485.40 41.34
5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
ThuMay 1 All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
All Day EUR Italian Bank Holiday
 7:30am USD Challenger Job Cuts y/y -30.2%
8:30am USD Fed Chair Yellen Speaks
USD Unemployment Claims 317K 329K
USD Core PCE Price Index m/m 0.1% 0.1%
USD Personal Spending m/m 0.7% 0.3%
USD Personal Income m/m 0.4% 0.3%
9:00am USD Final Manufacturing PMI 55.8 55.4
10:00am USD ISM Manufacturing PMI 54.3 53.7
USD Construction Spending m/m 0.5% 0.1%
USD ISM Manufacturing Prices 59.4 59.0
10:30am USD Natural Gas Storage 75B 49B
All Day USD Total Vehicle Sales 16.2M 16.4M

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.


Futures Trading Levels and Economic Reports for September 18, 2013

September 17th, 2013 Filed under Future Trading News | Comments Off on Futures Trading Levels and Economic Reports for September 18, 2013

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 September 18, 2013

Hello Traders,

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

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Sept. 18th).

 

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

 

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

 

The following are 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 1525.00 with a stop at 1519.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1519.75 and place a stop a few points below in this hypothetical example.
  • 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.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

 

 

You like the information we share? We would appreciate your positive reviews on Google+ , Facebook, Yelp etc…use the icons below to share, recommend, review us and more!

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


FOMC + Trading Levels and Economic Reports for May 1, 2013

April 30th, 2013 Filed under Future Trading News | Comments Off on FOMC + Trading Levels and Economic Reports for May 1, 2013

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 May 1, 2013

Hello Traders,

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

The next 3 days can experience quite a bit of volatility in variety of markets.
We have ADP employment report tomorrow VERY early. Midday we will have FOMC. Thursday will start with rate decision over the EU and Friday is the monthly non farm payroll report. All these reports are market moving and will affect stock index futures, financials, metals, energies and other markets.

Read the rest of this entry »

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