Future Trading Charts


Economic Reports & Futures Levels 3.04.2015

March 3rd, 2015 Filed under Commodity Trading, Day Trading, Future Trading News, Futures Trading | Comment (0)

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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 March 4, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Why I Like to Use Tick and Volume Charts for Scalping

Today, I decided to touch more on an educational feature rather than provide a certain market outlook.

Many of my clients and blog readers know that when it comes to short-term trading I am a fan of using volume charts, tick charts, range bar charts and Renko charts rather than the traditional time charts like the 1 minutes, 5 minutes etc.

My rule of thumb is that if you as a trader who makes decisions based on charts that are less than 15 minutes time frame, it may be worth your time to research, back test and do some homework as to potentially using other type of charts like volume charts, Range charts etc.

Volume charts will draw a new bar once a user defined number of contracts traded. An example is the mini SP 10,000 volume chart which will draw a new bar once 10,000 contracts are traded.

Range bar charts will draw new charts once price action has exceeded a user’s pre-defined price or ticks range. An example might be an 18 ticks range bar chart on crude oil.

While volume charts rely ONLY on volume, the range bar charts rely ONLY on price action.

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Tick Charts, Futures Levels & Economic Reports 1.17.2014

January 16th, 2014 Filed under Future Trading News | Comments Off on Tick Charts, Futures Levels & Economic Reports 1.17.2014

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 Friday January 17, 2014

Hello Traders,

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

Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading and CTA at Levex.net )

I really don’t think anyone has found a “perfect way” to day-trade.

Different techniques work well in different market environment.

In this week short educational feature, I will touch about one technique one can add to their trading arsenal. This technique works better on choppy, two sided ways. It DOES NOT work well when the market has a strong trend.

The chart below illustrates a few principals I like:

  1. It uses a tick chart rather than a time chart. I like tick charts better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME. If you are using 5 minutes chart for example, you may get signals simply because time “has passed” and certain indicators you are using adopt certain values. When using tick charts, at times where there is lots of movement in the market, you won’t have to wait until your time frame bar closes to get your signal, volume becomes a bigger more important part of your trading decision.

READ THE REST

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Trading Levels and Economic Reports July 17, 2013

July 16th, 2013 Filed under Future Trading News | Comments Off on Trading Levels and Economic Reports July 17, 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 July 17, 2013

Hello Traders,

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

 

In today’s post I actually want to share how I create volume charts using Sierra Charts (also known as AT charts). Email me to find out how you can have Sierra Charts for free!

I like to use volume charts for futures trading when it comes to intraday or high frequency trading. So if you are an active trader or a scalper, you may want to explore the use of volume charts and see if you can find an edge.

 

My theory is that when it comes to short term day trading, volume is much more important than time, hence the use of volume bars. I use bars of between 1,000 to 18,000 contracts traded (pending the specific market, based on recent volatility, trade volume and a few other factors). That means that instead of bars completing based on time frame (i.e. 1 minute or 15 minutes etc.), we use volume instead of time. So each time X,000 contracts traded, a new bar will complete. When the specific market has high volume and is moving fast, the bars will complete faster. When market is in low volume without much action, the bars will complete slower.

 

For me personally, this has helped getting signals ahead of time when there is fast action in the market and avoiding false signals when volume is low.

 

So in Sierra Charts I right click inside the chart and choose chart settings.

 

In chart settings I use the drop down menu under the Bar Period like in the screen shot below.

 

 

I then specify the amount of volume I want per bar. (I normally look at average daily volume and divide that by 20) and click apply.

 

Below you will see my intraday chart for the mini SP from today, using 10000 volume charts. That means that each time 10000 contracts traded, a new bar will start.

 

Hope this helps and if you have any questions, feel free to email me.

 

 

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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.

 

Futures Trading Levels

For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:42pm Currency Impact Detail Actual Forecast Previous Graph
WedJul 17  Tentative EUR German 10-y Bond Auction 1.55|1.5
8:30am USD Building Permits 1.00M 0.99M
USD Housing Starts 0.96M 0.91M
10:00am USD Fed Chairman Bernanke Testifies
10:30am USD Crude Oil Inventories -1.9M -9.9M
12:30pm USD FOMC Member Raskin Speaks
2:00pm USD Beige Book

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

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