Futures Trading News & Information on Cannon Trading

Futures Trading

Category Archives: Futures Trading

Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.

In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!


About imbalance, last 10 minutes of the trading day + Levels for May 8th

May 7th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, S&P 500, Trading Guide | Comment (0)

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The Last 15 minutes are Very Important!

 

by Ilan Levy-Mayer, VP

For those engaged in trading index futures, particularly day trading in instruments like the mini NASDAQ, mini S&P500, and micro NASDAQ, it’s becoming increasingly clear that the final 10 to 15 minutes of the trading session are gaining significance.

The advent of zero-day expiration options and the earnings season seem to be driving a surge in volume and market activity during this closing window. A key metric I monitor is what I term ‘the imbalance,’ which reflects the trading dynamics of the constituent stocks within these indices, including major players like Microsoft and Netflix, among others. Various platforms, including TradeTheNews.com, offer insights into this imbalance, and as demonstrated in the screenshot provided, we extend a complimentary trial to TTN’s acclaimed services.

What you will see below is the last trading day there was a significant imbalance, the screen shot below from TTN shows an “imbalance to the sell side of 2.0 Billion”

 

You can also see the large downside move that took place the same day during the last 15 minutes along with HIGH volume, almost as much as the rest of the day session…..

AGAIN, this is NOT meant as a recommendation or as an indicator….simply another factor to pay attention to.

This brief article isn’t a guide on how to trade in these crucial final minutes but rather a prompt to acknowledge their importance. As a trader, you should dedicate more time to studying and understanding this period. Below, you’ll find a chart of mini S&P 500 from April 30th session, complete with volume and additional analyses for your consideration.

 

 

 

Daily Levels for May 8th, 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.

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* 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.


Coffee, Hope, Probability + Levels for May 7th

May 6th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Grain Futures | Comment (0)

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Coffee, Hope & Probability….

 

by John Thorpe, Senior Broker

In lieu of a light Data and fed speaker wee, we have a relatively heavy earnings week but none of the magnificent seven reporting, so here goes with a few words on the Coffee Futures Market.

 

After the July coffee market rallied to contract highs April 16th.. @245.50

A target based on price count theory had been met and there was a low probability of the rally extending much higher.

When we got the corrective trade and price action took us down below the 21 day MA at the 220.00 area, , this market , for us, showed the rally was over for the time being.

It certainly looks like the price action wants to get back down into the channel between 198.00 and 175.00 as it was uncomfortable at the higher price levels above 200  , due to the steep sell off from the mid-April highs I would look for a corrective rally before we continue back into the comfort zone.

Seasonality:  Southern Hemisphere coffees have already been harvested; Northern hemisphere coffee beans be ripe for the picking in Early Summer to Mid Fall.

The crop was better than expected in the southern hemisphere and the Northern hemisphere weather is tempering…  unless there becomes a disease scare or a sudden drought the next few months, I would anticipate Coffee Bean prices to moderate further, working lower and testing the bottom of the range.

 

Above we Referenced “probability

The difference between probability and hope

Is that probability is the state of being probable; likelihood.. While hope is the belief or expectation that something wished for can or will happen.

Probability is usually stated between 0 and 1 , One reflecting the highest probability of an event occurring and zero meaning no chance the event will occur.

We avoid Hope in our trading decisions.

 

 

Daily Levels for May 6th, 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: First Notice Days, Soymeal Outlook & Trading Levels for May 6th

May 3rd, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, Indices, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1192

In this issue:
  • Important Notices – First Notice & Last Trading Days
  • Futures 101 – Hedging Guide
  • Hot Market of the Week – July Soymeal
  • Broker’s Trading System of the Week – ES Swing System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Fed Governors to speak: Cook on Financial Stability Wed. Afternoon – Bowman on Financial Stability Risks Fri. Morning
  • A Very Light Data Week, Jobless claims Thursday Pre Market
  • Additional Agricultural Market Volatility on the horizon: USDA Crop Production and Supply/Demand Estimates Fri. 11am Central
  • Earnings next week include Disney, Uber and Air BNB as the largest cap stocks featured.

 

 

Futures 101 : Futures Hedging Self Study Guide!

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.

 

 

  • Hot Market of the Week – July Soymeal
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 Soymeal
July meal stabilized its slide after completing its third downside PriceCount objective and developed an extended sideway trading range. The chart broke out of its range to the topside and activated upside counts in the process. On the rally, the first count to the $368 area has been satisfied where it would be normal to see a near term reaction in the form of a consolidation or corrective trade. From here, if you can sustain further strength, the second count would project a run to the $382 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.
Where do I exit My Trade?? Watch video below.
Projecting possible targets when trading futures
  • 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 127 / monthly
Recommended Cannon Trading Starting Capital
$30,000
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?
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No

 

Daily Levels for May 6th 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.


Bullet Points, Highlights + Levels for May 3rd

May 2nd, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Grain Futures | Comment (0)

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Bullet Points & Highlights:

  • Today Coffee and Cocoa were down considerably again, Cocoa closing at the lowest level since Mid March @ $75.63 That’s $43.00 off the Contract all time highs less than 2 weeks ago.
  • It Looks like the Soy Complex is lifting off with July Beans 28 cents higher and Soymeal $16.00 higher

  • Next week will again be a heavy Earnings Week
  • Next week a quiet Econ Data week

 

Commodity Trading Challenge with Real Cash Prizes!

https://cmegroup.com/futures_challenge/challenges/1043/landing?challenge_sponsored_broker=CannonTrading

Challenge Details

Our commodity benchmarks fuel economies worldwide, from oil to copper to grains and more. Explore the benefits of trading the world’s most liquid physical futures markets.

  • All trades during the competition will be completed in the Challenge Simulator.
  • All traders will begin with a virtual account of $100,000, aiming to maximize their balance by the competition’s close.
  • Cash prizes will be awarded to the top three eligible traders with the highest account balances in the Overall Leaderboard and also to the top trader from each of the Alternate Leaderboards (up to six total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

GET STARTED

 

 

Daily Levels for May 3rd, 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.


Post FOMC, Pre NFP – The Rest of the Week in the Futures Markets:   + Levels for May 2nd

May 1st, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

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Post FOMC, Pre NFP – The Rest of the Week in the Futures Markets:

By Mark O’Brien, Senior Broker:

 

In meeting after meeting, Federal Reserve officials have been saying that the path to achieving their 2% inflation goal would be a bumpy one.  For the first quarter of 2024, “there has been a lack of further progress toward the (Fed’s) two percent inflation objective,” according to the central bank’s statement following today’s conclusion of it most recent Federal Open Market Committee meeting.

 

As such, the Fed kept the federal funds rate target range at 5.25% to 5.5%, a 23-year high.  This move – or the absence of one – was highly anticipated.  Indeed, Fed watchers expect the central bank to hold rates steady through its next meeting in June – for the seventh consecutive time – and likely further on out.  In one readers survey conducted by Seeking Alpha, over half the participants don’t see any rate cuts in 2024.  Patience seems to be the order of the day as Fed Chair Jay Powell explained earlier this month: the current restrictive policy needs more time to work as the labor market remains strong and disinflationary dynamics have stalled.

 

The next economic mover and shaker up this week: the Labor Department’s April Non-Farm Payrolls Report, to be released Friday, 7:30 A.M., Central Time.  The precursor to this came today in the form of the ADP employment report, which revealed that 192,000 private jobs were added in April, a slowdown from the 208,000 private jobs added the prior month.  The latest reading came in higher than the expected 179,000 addition of new private jobs. The forecast for nonfarm payrolls is for 243,000 jobs to have been added.

Commodity Trading Challenge with Real Cash Prizes!

https://cmegroup.com/futures_challenge/challenges/1043/landing?challenge_sponsored_broker=CannonTrading

Challenge Details

Our commodity benchmarks fuel economies worldwide, from oil to copper to grains and more. Explore the benefits of trading the world’s most liquid physical futures markets.

  • All trades during the competition will be completed in the Challenge Simulator.
  • All traders will begin with a virtual account of $100,000, aiming to maximize their balance by the competition’s close.
  • Cash prizes will be awarded to the top three eligible traders with the highest account balances in the Overall Leaderboard and also to the top trader from each of the Alternate Leaderboards (up to six total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

GET STARTED

 

 

Daily Levels for May 2nd, 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.

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