Weekly Market Update


ICE Data and Alternatives

February 29th, 2016 Filed under Future Trading News, Futures Trading | 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 Tuesday March 1, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

ICE data and alternatives

So as many of you know the ICE exchange has decided to charge all users (professionals and non professional) $110 per month to receive real-time data. This is compared to the CME which charges $86 for professionals (brokers, hedge funds etc.) but a “normal amount of $5 to retail users ( i.e. large percent of the trading public). If you ask me not a bright move on the part of the ICE exchange and they may see volume drop quite a bit on certain markets.

In between, I have more than a few clients who are trading the mini Russell 2000 and like it, but are not so sure about paying $110 per month for the privilege to trade this one….While ICE also hosts coffee, sugar, dollar index and a few other markets, the mini Russell is so far the one that caught most interest.

I did some homework and while the CME does offer the mini Russell 1000, the volume on this one, so far is pathetic….(I think it traded 83 contracts on Friday). HOWEVER….the CME for the same $5 per month most users pay to trade the ES and NQ along with currencies, also has the mid cap 400. Symbol is EMD on the Transactand Shogun platforms as well as E-futures International.

Not bad volume, same tick size as mini Russell 2000 and from the quick research seems to move in similar ways. Worth exploring, perhaps using in demo mode or simply following price movement as the ICE change will go in effect April 1st.

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Trading Systems on Striker 2.17.2016

February 16th, 2016 Filed under Future Trading News | Comment (0)

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 February 17, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Tough day in the markets, busy day after the long weekend = no commentary…..


TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.

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Dow Heikin-Ashi Chart 1.21.2016

January 20th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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 Thursday January 21, 2016

Hello Traders,

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

Tremendous volatility. ADJUST AND ADAPT. These past few weeks market conditions with index futures are not even close to what we saw back in May or June of last year…..do your homework!!

Weekly chart of the CASH DOW JONES INDEX for your review below: 

Dow Heikin-Ashi Chart - Jan 21st 2016

Volatility Skyrockets – Futures Markets 1.08.2016

January 7th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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 Thursday January 8, 2016

Hello Traders,

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

Voted #1 futures trading blog!

Volatility is skyrocketing. This is a completely different environment for trading than you were in 3-4 weeks ago. Markets are evolving and you must adapt your trading to changing market conditions.

This is where you find out if the gambler in you is stronger than the trader in you or vise versa…..If the trader is the strong one, you will REDUCE trading size, become extra picky in your entries , perhaps even decide not to trade at certain times….If the gambler is the dominant one…you will find yourself all over the place up huge, down huge and I am sorry to say sooner or later you will blow up…..

Think about it and try help the trader within win over the gambler that resides in the same neighborhood…..

One additional note, dont be GREEDY….set daily profit target and daily loss limit and stick to it. that can be the difference between you surviving to trade another day OR……

On a different note, please pay attention to LIMIT moves and understand what happens when the market is halting at limit levels:
http://www.cmegroup.com/trading/equity-index/price-limit-guide.html 

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Futures Trading Signal Services 1.07.2016

January 6th, 2016 Filed under Future Trading News | Comment (0)

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 Thursday January 7, 2016

Hello Traders,

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

Voted #1 futures trading blog!

Trading Signals

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Cannon Trading evaluated then learned these new concepts and methods from a cutting edge, 3rd party developer to keep us on the forefront of trading. We are offering all these services on a free trial basis and Cannon brokers will be more than happy to schedule a remote session to help you navigate these new indicators and concepts.
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