Day Trading News & Information on Cannon Trading

Category Archives: Day Trading

Here is a subject that a lot of people don’t understand at all. Day Trading can be risky. So, it is something that you should stay away from unless and until you are absolutely sure about what you are doing.

There are a number of items about Day Trading such as the minimum mantaince requirementand more that need to be taken into consideration. With the blogs and write-ups listed in this section, you can learn a great deal about day trading.

We at Cannon Trading can help you understand the different concepts of trading and present you with the latest information on the same. Our team of professional and smart people can help you in your day trading transactions and more. In order to understand day trading more clearly, we advise that you go through all the write-ups listed in this category archive on Day Trading.

Weekly Newsletter – Energy Futures Contest – Real Cash Prizes! + Levels for Sept. 25th

September 22nd, 2023 Filed under Charts & Indicators, Commodity Brokers, Crude Oil, Day Trading, Energy Futures, Future Trading News, Futures Exchange, Futures Trading, Gold Futures, Nasdaq, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1164

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

Important Notices – Trading Contest/Real Cash Prizes
Trading Resource of the Week – Series of short videos
Hot Market of the Week – December Gold
Broker’s Trading System of the Week – NQ (mini NASDAQ) Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!

Energy Futures Trading Competition

Duration

Start: October 15th at 5:00 PM CT

End: October 27th at 4:00 PM CT

Prizes (Cash Prizes!!)

First Place: $2500

Second Place: $1000

Third Place: $650

Random Selection: $500

Competition Details

Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
All Trading will be in the Front-Month Contract
All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
Top three traders with the highest P&L balance at the end will get a cash prize.
One winner will be chosen from the remaining participants to receive a cash prize.
The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

Trading Resource of the Week

Projecting possible targets when trading futures
Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
Some common uses you can make of support and resistance levels.
Filter out the noise with range bar charts
“Price Confirmation”

….Watch Videos Now

Hot Market of the Week – December Gold

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

FREE TRIAL AVAILABLE

December Gold Futures Completed its first downside PriceCount objective last months before developing a sideways range trade. At this point, if the chart can break down with new sustained lows, the second count would project a possible run to the 1883 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

NASDAQ Mini CQD

PRODUCT

Mini Nasdaq 100

SYSTEM TYPE

Intraday

Recommended Cannon Trading Starting Capital

Mini Nasdaq 100

COST

USD 120 / monthly

Get Started Learn More

The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.

Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

Would you like to receive daily support & resistance levels?

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Trading Levels for Next Week

Daily Levels for September 25th, 2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com

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 herein 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 judgment in trading.

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.

Energy Futures Trading Competition + Futures Trading Levels for Sept. 21st 2023

September 20th, 2023 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Day Trading, Energy Futures, Future Trading News, Futures Broker, Futures Trading, Natural Gas | Comment (0)

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

https://business.facebook.com/groups/1105191589938254/

Energy Futures Trading Competition

Start: October 15th at 5:00 PM CT

End: October 27th at 4:00 PM CT

Prizes (Cash Prizes!!)

First Place: $2500

Second Place: $1000

Third Place: $650

Random Selection: $500

Competition Details

Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
All Trading will be in the Front-Month Contract
All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
Top three traders with the highest P&L balance at the end will get a cash prize.
One winner will be chosen from the remaining participants to receive a cash prize.
The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

Futures Trading Levels

09-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker

1-800-454-9572 Explore trading methods. Register Here

Economic Reports, Source:

Forexfactory.com

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.

FOMC Tomorrow! + Futures Trading Levels for Sept. 20th 2023

September 19th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices | Comment (0)

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

https://business.facebook.com/groups/1105191589938254/

FOMC tomorrow and the markets are expecting NO CHANGE in rates tomorrow, however, traders will pay close attention in an attempt to predict future hikes the rest of 2023.

The following are suggestions on trading during FOMC days:

· Reduce trading size

· Be extra picky = no trade is better than a bad trade

· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

· Expect the higher volatility during and right after the announcement

· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

· Know what the market was expecting, learn what came out and observe market reaction for clues

· Be patient and be disciplined

· If in doubt, stay out!!

Plan your trade and trade your plan

Futures Trading Levels

09-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker

1-800-454-9572 Explore trading methods. Register Here

Economic Reports, Source:

Forexfactory.com

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.

FOMC week ahead! + Levels for Sept. 19th 2023

September 18th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Exchange, Trading Guide | Comment (0)

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

https://business.facebook.com/groups/1105191589938254/

The Week Ahead: FED Talk

By John Thorpe, Senior Broker

1st of the final 3 Fed meetings this year happens this week.

The 1st upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th will also include as a component “Projection Materials” or “Summary of Economic Projections”. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well. They represent more data driven insights than merely the commentary that follows the rate decisions.

Again, the language of Wednesday’s commentary will be more heavily based on data dependency as investors look for language alluding to the end of the rate increase cycle.

The Oct31/Nov 1 Fed (this is the 2nd of 3 remaining this Year) meeting will not include this data but will still include Fed Chair Powell’s commentary.

Why focus on fed meetings? There is Clear correlation between expectations of interest rate changes and Equity Market prices. An overly simplistic description: Interest rates go higher, equity prices go lower and the correlative inverse should also follow that when interest rates go lower, equity prices go higher.

Clearly our equity indices are range bound as the market has been discounting any and all further rate increases the Fed has alluded to. What has been supporting the market is the view that rate tightening is nearing an end. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well.

CME Fedwatch Tool is reflecting a 99% probability of no rate change this meeting, maintaining the 5.25-5.50 current borrowing rate with a 1 % chance of a raise in rates.

Earnings

Fedex (FDX) headlines a relatively light earnings calendar this week, with the logistics giant slated to disclose its fiscal first-quarter results after Wednesday’s close. Analysts, on average, expect the company to report earnings of $3.73 per share, up 8.4% year-over-year (YoY), on revenue of $21.8 billion (-7.6% YoY).

Plan your trade and trade your plan

Futures Trading Levels

09-19-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker

1-800-454-9572 Explore trading methods. Register Here

Economic Reports, Source:

Forexfactory.com

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: Tight Stops or Wide Stops? + Levels for Sept. 18th

September 15th, 2023 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Nasdaq, S&P 500, Weekly Newsletter | Comment (0)