Day Trading News & Information on Cannon Trading

Day 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: Turning Points Algo Signals on your Own Charts!

February 23rd, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Nasdaq, Trading Guide, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1183

In this issue:
  • Important Notices – PCE, ISM, May Softs
  • Trading Resource of the Week – Trade Signals on Your Own Charts!
  • Hot Market of the Week – July Wheat
  • Broker’s Trading System of the Week – NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

  • Heavy Data week: Housing, GDP, Core PCE, and many more..
  • 979 Earnings Reports for the week, Salesforce, Inc. the largest cap.
  • Leap Year
  • March 1st Deadline for some US Budgetary appropriations; Kick the can down the road?
  • May is front month for softs such as Cocoa, Coffee, Sugar, Cotton

 

 

Trading Resource of the Week : Plug our ALGO into your own charts!

Trade futures using either counter trend or trend following concepts ( or what I call a simpler approach to day trading)
In This 25 Minutes Video You Will Learn The Following:
1. Possible advantages of using range bar charts over time charts for day trading
2. Trade set ups using counter trend indicators
3. Trade set ups using trend following indicators
4. The concept of price confirmation
5. Tips and insights from Ilan’s observations of different markets
6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
The trial includes:
  • 28 real time access
  • Introductory remoter session if desired.
  • A video that explains the signals.

 

Watch an Example below using Sierra Charts from February 21st.
You will see the predicted TURNING POINTS marked on the ES intraday chart.

 

 

  • Hot Market of the Week – July Wheat
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.
July Wheat
July wheat satisfied its third downside PriceCount objective and reacted with a key reversal with follow through to start today. At this point, IF the chart can resume its break with new sustained lows, we are left with only the low percentage fourth count to aim for in in the $4.62 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.
PRODUCT
SYSTEM TYPE
Intraday
COST
USD 55 / monthly
Recommended Cannon Trading Starting Capital
$20,000
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.
Would you like to receive daily support & resistance levels?
Yes
No

 

Daily Levels for February 26th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Highlights & Announcements + Futures Trading Levels for 02.23.24

February 22nd, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, Index Futures, Trading Guide | Comment (0)

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Subscribe to our YouTube Channel

 

 

Bullet Points, Highlights, Announcements

 

General / Stock Indexes: 

 

You can’t keep a good index down.  When the stock price of a member of the Magnificent Seven Stocks – artificial-intelligence chip leader Nvidia – advances 15% for the day on its quarterly earnings report and the company’s market cap. approaches $2-Trillion, it moves the stock indexes of which it is a component – the Nasdaq 100 and the S&P 500. 

 

Their related futures contracts lead the way with the S&P 500 claiming its largest daily increase in months – over 105 points at this typing – to new all-time highs for the contract, pushing over 5,100.  The E-mini Nasdaq advanced ±550 points over 18,000 and the E-mini Dow Jones added over ±500 points to set its own new all-time high near 39,200.

 

Not to be outdone, Japan’s main stock index, the Nikkei 225, closed at its own new all-time high above 39,000, a level it set 34 years ago before the country fell into the doldrums of a deflationary economy.  In fact, the Nikkei has been the world’s best-performing major index in 2024, surging ±17.5% only two months into the year and trouncing the impressive ±5% advance of the S&P 500.  Ironically, Japan is still amidst a recession and just fell behind Germany to the no. 4 spot among the world’s leading economies.

 

Largest economies in the world by GDP (nominal) in 2023

according to International Monetary Fund estimates

Metals: 

 

After a week-long ±$50 break to below $2,000/oz. intraday on Feb. 14, April gold recovered ±$30 and has stayed rangebound over the last few trading sessions as the minutes of the Fed’s late-January meeting released yesterday showed that the bank was in no hurry to begin cutting interest rates.

 

Grains: 

 

March corn futures dropped to three-year lows today, trading within five cents of $4.00 per bushel on plentiful domestic supply and signals that South America will harvest strong crops this year.

 

Energies: 

 

Signs of production declines sent natural gas futures contracts into rally mode this week with the front month March contract seeing a ±20-cent increase off its life-of-contract lows – a ±$2,000 move.  U.S. exploration and production company Chesapeake Energy signaled it plans to reduce its natural gas production this year by roughly 30% given extremely low prices.

 

 

Daily Levels for February 23rd, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Natural Gas Daily Chart + Futures Trading Levels for 02.22.24

February 21st, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Energy Futures, Future Trading News, Futures Trading, Natural Gas | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

 

 

We have a FULL day tomorrow with several reports, FED members talking and more….

Natural Gas bounced sharply on news that Chesapeake cuts production outlook

Cocoa continues it’s run into unknown territories….up over 4% today!

Natural Gas Daily Chart for review below:

 

 

 

 

Daily Levels for February 22nd, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Where do I take profit? + Futures Trading Levels for 02.21.24

February 20th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

 

Trading Futures Platform CTS T4

 

FOMC Minutes tomorrow at 1 PM Central. Market moving event.

Lets talk about a “good problem”…you are in a winning trade, where should you exit?

Take a look at the video below for some ideas.

 

Projecting possible targets when trading futures

 

Daily Levels for February 21st, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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: Trading Alerts Via text! , President’s Day Trading Schedule

February 16th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Future Trading Platform, Trading Webinar, Weekly Newsletter | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

Cannon Futures Weekly Letter Issue # 1182

In this issue:
  • Important Notices – President’s Day Schedule
  • Trading Resource of the Week – Trade Alerts via Text/email
  • Hot Market of the Week – April Crude Oil
  • Broker’s Trading System of the Week – Unleaded Gasoline Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Events Coming Up –

 

Trading Resource of the Week : Real Time Email Alerts Directly to your Phone!

Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.
  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
  • See an example of a recent trade alert for Gold Futures in the image below – the trade was still active as of Friday, Feb. 16th

 

Looking to sell gold on a bounce to 2023.0
Stop is 2062.0, target is 1981.0

 

 

  • Hot Market of the Week – April Crude Oil
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.
April Crude Oil
April crude oil activated upside PriceCounts last month but has continued to struggle with resistance around $78. If the chart can extend its rally with a sustained trade above $78, the first count would project a run to the 81.98 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.
PRODUCT
SYSTEM TYPE
Swing
COST
USD 160 / monthly
Recommended Cannon Trading Starting Capital
$20,000
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.
Would you like to receive daily support & resistance levels?
Yes
No

 

Daily Levels for February 19th/20th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.

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Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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