Future Trading News

Order Flow, Buy & Sell Zones, & Support and Resistance Levels 9.24.2021

September 23rd, 2021 Filed under Charts & Indicators, Commodity Trading, Future Trading News, Trading Webinar | Comment (0)

Dear Traders,

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Yesterday we hosted a very interesting webinar with Bookmap about order flow, buy and sell zones, liquidity of large orders and MUCH MORE.

On a personal level I really enjoyed the information as I am the type of guy who has been looking at indicators/ volume charts, range bar charts and probably many of the things that many of futures traders are used to. The data and information shared yesterday during live market hours with forward thinking analysis was very interesting to me and I will do more homework on the topic.

If you did not attend the webinar and would like to see a recording, CLICK HERE.

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

9-24-2021

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 as well as options on futures.

Futures Trading Levels for April 22nd, 2021

April 21st, 2021 Filed under Day Trading, Future Trading News, Index Futures, S&P 500 | Comment (0)

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Dear Traders,

Today’s action in Silver, gold, SP and NQ lead me to write the quick piece below.

Few words on BREAKOUT trading.

The concept is one of many different traders use.

Some like to use COUNTRER TREND trading.

others look at ORDER FLOW, some will use support and resistance mainly and hopefully more traders will master a few different techniques and use the appropriate one depending on the type of trading day that is developing in front of their eyes.

The concept of break out trading looks for the market to “snap out” of a certain trading range and continue moving in that direction. The toughest part is to filter out the “fake breakouts” and recognize early enough which breakouts have the potential to be a powerful one.

A few tips to explore:

Look for a breakout on a smaller time frame that will coincide with a longer time frame CURRENT trend. So you may look at a daily trend and look for a breakout on the hourly chart?

You may trade smaller time frames and look for breakouts that will coincide with the 30 minute chart time frame.

Last but not least ( for today only of course as I am sure there are MUCH more than the short few pointers I am sharing….) try utilizing different type of charts and do your homework in regards to which breakouts seem to work better than others. Look at RANGE BAR charts, explore VOLUME charts, maybe even take a look at Renko bars and other types as well.

30 MINUTES chart of ES below with 4 different pointers to look at, marked A through D. CLICK for lar ger IMAGE. ALWAYS much easier to look back in hindsight and explain what happened….I wish it was that easier when trading live….Click on the chart so you are able to read the pointers along with some insight for educational purposes.

To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

Good Trading

Futures Trading Levels

4-22-2021

Economic Reports, source:

www.BetterTrader.co

Futures Trading Videos 7.28.2016

July 27th, 2016 Filed under Future Trading News, Futures Trading, futures trading education | 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 Thursday July 28, 2016

Hello Traders,

FOMC came and gone. Main outcome so far that I noticed was higher precious metals.

Many times the real reaction to FOMC comes the following day but it feels like this one was much less of an event compare to many others before.

Check out our youtube channel! More than a few videos, recorded webinars and more! Read the rest of this entry »

What type of trading day am I facing? 5.25.2016

May 24th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

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Strong trend day today on both indices going up and gold going down, prompts me to share a piece I have shared in the past about recognizing the different type of trading days (both markets above experienced type 2 trading day today):

My opinion is that there are 3 main types of trading days.
1. Most common is 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.
2. Strong trending day, 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
3. Slow and/ or choppy trading day – 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. Many times, no trading is better than bad trading during these type of trading days….

Good question is how can one asses what type of trading day we will have while the market is still trading….I am doing some work about it 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 have good volume, better chances for type 1 or type 2 trading days.
5. low volume during first 30 minutes can suggest a choppy (type 3 trading day)

Read the rest of this entry »