Futures Educational Resource


Trading Videos: Indicator that can Help you with EXITS? & Support and Resistance Levels 1.14.2022

January 13th, 2022 Filed under Future Trading News | Comment (0)

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Trading Videos 101: Curious on an indicator that can help you with EXITS?

How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
Dr. Martin Luther King Day Holiday Schedule 2022

 

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

01-14-2022

Futures Support and Resistance Levels 1.14.2022


Economic Reports, Source: 

https://bettertrader.co/ 

BetterTrader Economic Indicators 1.14.2022

 

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.


Weekly Newsletter 1079: Learn to Lose, Learn to Step Away w/ Profits and Losses & Futures Support and Resistance Levels for the Week ahead

December 17th, 2021 Filed under Future Trading News, Futures Trading, futures trading education | Comment (0)

Cannon Futures Weekly Letter Issue # 1079

Dear Traders,

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Get Real Time updates and market alerts on Twitter!

 

Trading 201: Learn to Lose, Learn to Step Away with Profits and Losses

Important NOTE: With The Recent Volatility Across Markets, We Have Seen Margins Increase In Some Markets As Well As Wild Swings And Extreme Volatility In Many Markets.
For Some, It Can Cost The Full Account Value But Doesn’t Need To. These Volatile Times Require MAJOR Adjustments In How You Approach Trading And Risk Management. I Hope This Article Helps And I Encourage You To Utilize Our Brokers And The Knowledge They Have To Assist You.. Contact Us
Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.
I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….
Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward.
If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.
Also, while a bit easier in my mind, a day trader should also step away when he reached a predefined profit target for the trading day. In my humble opinion, the more you day trade, the more fatigued you become and larger chances for errors.
I went into this subject and detailed day trading money management in an article I wrote a few years back for SFO magazine.

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

12.20.2021

Futures Support and Resistance Levels 12.18.2021

 

Weekly Levels

Weekly Support and Resistance Levels 12.20 - 12.24

 

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 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


Introduction to the Norden Method & Support and Resistance Levels 12-10-2021

December 9th, 2021 Filed under Future Trading News, futures trading education | Comment (0)

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I read the following by Gary Norden and www.nordenmethod.com ** the other day in the introductory part and I thought to myself – “How true!” and got permission to share:
Before any trader starts to trade a contract he/she should learn as much as possible about it. In order to construct a good watchlist you will need to know how your market correlates with other markets; what connections it has with the world around it. Some correlations work on many days while others just pop up as important from time to time (e.g. oil for bonds).
Know about the Participants…
Who trades the market? What is the average proportion of small retail traders vs. larger pros?
Take a moment for example, to think about whether the ES has a higher or lower proportion of retail traders than 10-year Treasuries?
Know about your Sessions…
Don’t just consider the main session, we should also think about out-of-hours trading. We have many clients who trade the ES, for example, during European hours.
Trading correlations can be a greater help also during out-of-hours, but we need to be more watchful of liquidity and two-way flow (discussed later).
Know about your Expirations…
Understand the dynamics of your contract around its expiry.
We should stop trading as soon as we see rollover activity until completed, and then move onto the next contract.
Cash settled contracts tend to rollover later than physically settled ones, but you need to learn when your market does this.
Know the News drivers…
Understand what news events drive your market and when they come out.
We usually don’t want to trade over scheduled news and data announcements.
Know the Holidays…
Learn the effect of scheduled holidays on your market.
For example, if you are in the US and are trading the Dax, you need to be aware of German public holidays.
Know the Underlying Market…
You should be seeking information about your underlying market(s).
Remember, futures are a derivative. They derive their price from the underlying market.
Basically, learn as much as you can about your market; become an expert in it. You would be amazed at how many traders lose money on silly (and avoidable) things related to a lack of knowledge.
Important: Trading commodity futures and options involves a substantial risk of loss.
**You are about to leave the Cannon Trading website. No responsibility is assumed to any such statement or any expression of opinion herein. Readers are urged to exercise their own judgement
Past performances are not necessarily indicative of future 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 when it comes to Futures Trading.

 

Futures Trading Levels

12-10-2021

 


Economic Reports, Source: 

https://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.


Receive FRESH Insight Every Morning Before Market Open & Support and Resistance Levels 11.19.2021

November 18th, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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

Get FRESH insight every morning BEFORE the market starts like the one below posted 3 hours before market opened this morning, on our private FB group: https://business.facebook.com/groups/1105191589938254/

XX = STOP
SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE
FIBO’S = Fibonacci Retracements
11.17.21
RECAP FROM Wednesday:
THE INFLATIONARY TRADE HAS BEGUN
IN THE SOFTS:
COFFEE IS LEADING THE WAY!
H COFFEE CLOSED 234.75 +10.25!!
H SUGAR CLOSED 20.42 +0.43
H COCOA CLOSED 2568 +0.15
H COTTON CLOSED 116.92 +1.79
Z S&P
4752.00 IS THE NEXT TEST AREA.
Z S&P
4590 MUST HOLD!
CLOSE BELOW TRIGGERS 4515.00
LONG TERM
Z DOW OBJECTIVE 40,000
***
Z CRUDE COLLAPSED BELOW
KEY TRANSITIONING MA 80.07!!!
CLOSED 78.36 -2.40
BEARISH FOR S&P’S
76.26 OBJECTIVE UNTIL A CLOSE ABOVE
79.31 OCCURS.
$99.95 LONG TERM
***
Z BONDS
CLOSED 160.14 +0.14
BULLISH FOR NASDAQ
Z COPPER CLOSED
4.2660 -0.0855
BEARISH FOR S&P’S
Z YEN
CLOSED 87.64 +0.435
BEARISH FOR S&P’S
GOOD MORNING.
11.18.21 Thursday
Export Sales 7:30
Jobless Claims 7:30
EIA Gas Storage 9:30
Z US$
ALGO IS LONG
Z US$ CLOSED 95.829 -0 082
ALGO SUPPORT:
95.42
95.28 Sell SCO
95.13
Z S&P:
X 5th HIGH 4,711.75
V 01st LOW 4260.00
FIBO’S:
38.2% = 4538.75
50.0% = 4485.50
61.8% = 4432.50
4630.75
KEY MA
MUST HOLD!
4517.00
KEY TRANSITIONING MA
MASSIVE SUPPORT
4479.75
MASSIVE MA
KEY SUPPORT
4451.25
CRITICAL MA
4263.75
LAST MA SUPPORT
ALGO IS LONG
Z S&P Closed 4686.25 -9.75
ALGO SUPPORT:
4674.00
4666.50 Sell SCO
4658.25
Z NASDAQ:
X 5th HIGH 16,448.50
V 04th LOW 14,367.75
FIBO’S:
38.2% = 15,651.75
50.0% = 15,406.75
61.8% = 15,161.75
15,973.50
KEY MA
MUST HOLD!
15,471.50
KEY TRANSITIONING MA
15,359.50
MASSIVE MA
15,247.00
CRITICAL MA
14,392.50
LAST MA
ALGO IS LONG
Z NASDAQ
Closed 16,311.50 +10.75
ALGO SUPPORT:
16,228.75
16,187.50
16,142.00
Z CRUDE:
76.26 OBJECTIVE UNTIL 79.31 CLOSE.
ALGO IS SHORT
ALGO RESISTANCE:
79.62
79.09 Buy SCO
78.60
Closed $78.36 -2.40
81.84
KEY MA
KEY RESISTANCE
80.15
KEY TRANSITIONING MA
COLLAPSED ***
KEY RESISTANCE
74.17
MASSIVE MA
73.21
CRITICAL MA
67.30
LAST MA SUPPORT
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.
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

11-19-2021

 


Economic Reports, source: 

https://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.


8 Steps to Successful Futures Trading & Support and Resistance Levels 11.16.2021

November 15th, 2021 Filed under Day Trading, Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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

8 Steps to Successful Futures Trading

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 21 years.
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures 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 strategies are risky and can involve significant losses.
1. Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures 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 good futures trading strategies. The second type of education is ongoing: learning about trading techniques, the evolution of futures 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.”
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

11-16-2021

 

Futures Support and Resistance Levels 11.16.2021


Economic Reports, source: 

https://bettertrader.co/ 

BetterTrader Economic Indicators

 

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.

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