Futures Day Trading


8 Steps to Better Trading + Futures Trading Levels & Economic Reports for Sept. 6th 2017

September 5th, 2017 Filed under Future Trading News | Comment (0)

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

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Labor day is behind us and the markets are gearing into the busy time of the year  – Sept./Oct. and the end of the year.

Keep a trading journal. Know what reports are coming. Adjust your weaknesses and learn to trade with your strengths.

Prepare yourself every day before you start trading.

Take a look at this quick 8 pointer summary I wrote a while back and is very relevant in my opinion.

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Futures Day Trader’s Check list 2.23.2017

February 22nd, 2017 Filed under Future Trading News | Comment (0)

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

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Heads up: Front month for energies is now April. Both crude oil and Natural gas numbers are out tomorrow. Check reports section below.

Day Trader’s Checklist:

  1. Review your statement from the prior trading day.
  2. Know what reports due for release and at what time.
  3. Know previous day’s high/low/close. Mark them on chart.
  4. Mark your support and resistance levels.
  5. Take a look at longer-term time frames.  Is the market you’re trading in a strong bias/trend?
  6. Plan your trade’s parameters ahead of time.  Know your position size limits, your loss limits, your profit targets.
  7. Print/ save a record of your trades at the end of the day.  Check for any “left over” open orders.
  8. Write down what you need to in your trading journal.

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Futures Levels & Economic Reports 2.04.2015

February 3rd, 2015 Filed under Crude Oil, Day Trading, Future Trading News | 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 February 4, 2015

Hello Traders,

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

Day Trading Commodities with Crude Oil Futures

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.

Next is the contract size. Crude Oil futures are based on 100,000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours… but it is good to know the trading hours.

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Futures Trading Levels and Economic Reports for May 8, 2013

May 7th, 2013 Filed under Future Trading News | Comments Off on Futures Trading Levels and Economic Reports for May 8, 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 8, 2013

Hello Traders,

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


8 Steps to Successful Futures Day Trading | Support and Resistance Levels

January 11th, 2012 Filed under Commodity Trading, Futures Trading, Trading Guide | Comment (0)

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Thursday, January 12, 2012

1. Market Commentary

Cannon Trading Education
8 Steps to Successful Futures Day Trading

Introduction
My name is Ilan Levy-Mayer and I am the Vice President and Senior Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 14 years. The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.

1.Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to trading. The second type of education is ongoing: learning about trading techniques, the evolution of markets, different trading tools, and more.

2.Find a System
I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.” Read the rest of this entry »

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