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Futures Trading Levels and Economic Reports for February 4, 2011

February 4th, 2011 Filed under Futures Trading | Comments Off on Futures Trading Levels and Economic Reports for February 4, 2011

Sometimes a pictures speaks more than a thousand words…..

Non-Farm Payroll Report Read the rest of this entry »

Futures Trading Levels and Weekly Newsletter February 3, 2011

February 3rd, 2011 Filed under Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comments Off on Futures Trading Levels and Weekly Newsletter February 3, 2011

Next two days are full of economic numbers, plus lets not forget Egypt and Middle East….

I expect higher volatility than we witnessed today but then again, sometimes the market does what it wants, including the un- expected…..

Good quick article at:

https://www.cannontrading.com/community/newsletter/ Read the rest of this entry »

8 Steps to Successful Futures Day Trading February 2, 2011

February 2nd, 2011 Filed under Day Trading, Futures Broker, Futures Exchange, Futures Trading, Trading Guide | Comments Off on 8 Steps to Successful Futures Day Trading February 2, 2011

Download and read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market.

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 servingone 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, 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 futures trading. 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.”

3. Survival

This is the key! Do what you need to do in order to survive this brutal business and give yourself the chance of being here down the road with more experience and a better chance of success. Survival is probably the biggest key for beginning traders. There is a saying in this business: “live to trade another day.” It is so true!

READ THE REST AT:

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Futures Trading Levels and Economic Report for February 1, 2011

February 1st, 2011 Filed under Future Trading News, Futures Broker, Futures Exchange, Futures Trading | Comments Off on Futures Trading Levels and Economic Report for February 1, 2011

A new month starting and below you will see my WEEKLY chart for the mini SP. I have sell set up in this market as well and if the short side pick speed, I would look for around 1230 and 1186 within the next few weeks. If i am wrong and the market breaks above 1300, I would play defense and wait for the next set up.

I wish you all a great trading month in February.

SP-500-Day-Trading-2011-02-01 Read the rest of this entry »

Futures Trading Levels and Economic Reports for January 31, 2011

January 29th, 2011 Filed under Futures Broker, Futures Exchange, Futures Trading | Comments Off on Futures Trading Levels and Economic Reports for January 31, 2011

I have been talking and sharing potential short based on the Dow Jones CASH for a few days. Well this short got triggered this morning and signaled a wide sell off in stock indices. I have included a chart of mini Dow Jones futures with different levels to watch for. Pay attention to the red moving avg. that has held this recent rally for few good weeks now.

We closed right against it.

With recent global geo political unrest, I suspect volatility will increase quite a bit.

Understand that the DAYTRADING environment you may facing ahead is much different than what you have seen last few weeks. Adjust your mental approach, money management, stops and everything that has to do with money management and trade management accordingly!!

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