Futures Trading Levels


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 larger 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

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

4-22-2021

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.


Gold Outlook + Trading Levels 5.17.2018

May 16th, 2018 Filed under Future Trading News, Metal Futures | Comment (0)

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

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Dear Traders,
Gold: At the Crossroads of Fiscal and Monetary Policies
Twice this year implied volatility in gold options spiked from 9% to around 13.5%. Proportionally, that represents a 50% rise and seems like a big move, at least by the standards of recent history. What is more remarkable, however, is how calm the gold market has generally been. For the past two years, implied volatility on gold options have been near the lowest levels in recent memory and are a far cry from the 17% average levels that prevailed in 2015 and 2016, much less the spikes above 30% in 2011 and 2013 (Figure 1). So why has the gold market been so placid and what will likely drive volatility?

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Energy Futures Outlook 5/15/2018

May 14th, 2018 Filed under Energy Futures, Future Trading News | Comment (0)

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

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Dear Traders,
Oil Market Dynamics in Play: What to Watch in Coming Weeks
By Blu Putnam, Chief Economist, CME Group
Oil: Will Mideast Risk Premium Rise Before Driving Season?
Highlights
  • U.S. shale oil production can respond faster to price changes
  • Ramp-up in U.S. production could be tempered by drilling challenges
  • U.S. oil exports have changed the dynamics of Brent-WTI price spread
 Unleaded Gasoline Daily Chart for your review below:
Unleaded Gasoline Daily Chart 

If you like to set up a time and chat with a licensed series 3 broker, pleasecontact us.

Read the rest of this entry »


Grain Futures Outlook 5.11.2018

May 10th, 2018 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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Dear Traders,

If you are trading grains and grain futures, the following link will provide you with some good insight into the near future of grain prices following today’s report:

https://www.dtnpf.com/agriculture/web/ag/news/article/2018/05/10/new-crop-corn-soybean-forecasts 

 Daily chart of Soybeans futures #ZS_F below: Daily chart of Soybeans futures #ZS_F

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Trade Systems Results 5.09.2018

May 8th, 2018 Filed under Future Trading News, Futures Trading | Comment (0)

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

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Dear Traders,
The Iran nuclear agreement “event” caused quite a bit of intraday volatility in the markets, mostly in crude oil and related energies but also in equities and gold.
As a trader, you must know which reports, events are scheduled and the possible effects they may have on the markets you trade.
keeping a trade journal WILL help.
On a different note:
Browse and view ACTUAL trading results from different trading systems offered at Cannon Trading Co, Inc.
If you like to set up a time and chat/ evaluate any system with a licensed series 3 broker, please contact us.

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