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Trading Levels


More on bitcoin futures! and Futures Trading levels for 12.07.2017

December 7th, 2017 Filed under Bitcoin 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,

TRADE SMART / BASE TRADING ON ACTUALS ONLY — for the  current rankings  as well as actual performance of trading systems traded at Cannon click here .

Cannon Trading Co, Inc. is registered with the CFTC and a member of the NFA. 

Last but not least…Bitcoin futures updates

CBOE to launch bitcoin futures on Dec. 10th. This will be the “mini” contract, controlling one bitcoin. We will offer access via most platforms hopefully as early as Monday Dec. 11th pending successful testing.

CME will launch its bitcoin contract on Dec. 17th ( Sunday night). This contract will control 5 bitcoins. Currently margin for large contract set approx. at $20k and for the mini at $5k.

I would highly recommend to use patience and observe trading, liquidity, bid-ask spread and more for a few days before jumping in, especially if you are on the “greener side of futures” or not well capitalized. We are here to share feedback, talk and try to help in any way we can.

You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.

Here is more specifically regarding the CBOE bitcoin contract. This applies for users of our E-Futures Int’l platform. Users of other platforms, please consult with your broker.

The CBOE will launch the Bitcoin Futures contract December 10, 2017.   The following link is to the CBOE Bitcoin information page http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na    We will be offering the CBOE Bitcoin via our platform, however, until live data is provided, the contract cannot be fully tested and proper due diligence performed, therefore, there will be a slightly delay in offering.  We do expect the contract to be tested and available within the first few days of trading.  We will keep you updated on the availability.

The CBOE has set initial margin at 44% of the current daily settlement price:

Yesterday’s bitcoin Settlement Price = $11,595.00

Price Fluctuation = $1.00 per Bitcoin

Contract Value = $11,595.00

Initial Margin = $5,101.80

As this is a new contract, with a highly volatile underlying contract, We will initially be setting the following Margin  Requirements:

Day Trade Margins 7:00am CT – 4:00pm CT – 100% of Exchange Initial Margin

Overnight Margins 5:00pm CT – 7:00am CT – 125% of Exchange Initial Margin

We will keep you updated on any changes or developments.

If you don’t have an account set up with us, all you need to do is fill out the online application  get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….

If you have ANY questions, feel free to call, chat or contact us!

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Saudi Arabia, Crude Oil and Futures Trading Levels for 11.30.2017

November 29th, 2017 Filed under Crude Oil, 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,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Saudi Arabia: Turbulence on the Horizon?

  • 21 Nov 2017
  • By Erik Norland
  • Topics: Economic Events

There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.

At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average.  For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1).  Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST

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8 Steps for Successful Trading + Futures Trading levels 11.21.2017

November 21st, 2017 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,

I shared this one before but every so often I speak to clients and prospects who ask me “What is the process to make it as a day trader”?

Well other then letting them know that the success rate is very low (must be blunt here…) I send them the following PDF I wrote a while back and feel is VERY relevant.

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Trading Levels & Economic Reports for October 31st 2017

October 31st, 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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Dear Traders,

Visit us on Facebook: https://www.facebook.com/CannonTradingCompany

Follow us on Twitter: https://twitter.com/CannonFutures

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Read the rest of this entry »


Crude Oil Markets & Trading Levels & Economic Reports for October 27th 2017

October 26th, 2017 Filed under Future Trading News | Comment (0)

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

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Dear Traders,

Oil Markets in Supply-Demand Tug of War

U.S. West Texas Intermediate (WTI) crude oil has been stuck in a wide yet fairly well-defined trading range of $42 – $55 per barrel since September 2016.  In the near-term, that range might shift modestly upward to $48 – $62, and drift lower over the long term by $10 to $15 per barrel.

High inventories and increased U.S. oil production have tended to push the price to the lower end of the range, while production cuts by the Organization of Petroleum Exporting Countries (OPEC), potential short-term supply disruptions, and incrementally stronger global economic growth have all worked to push the price into the upper portion of the range, and possibly expand the range toward $60 per barrel.   Also, note that despite the lower volatility associated with range-bound trading, open interest in NYMEX WTI crude oil futures has soared to record highs as uncertainty in the oil market remains elevated even if volatility is low on a historical basis.

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