Metal Futures

Category Archives: Metal Futures

Trading metal futures? If you are planning to, then it is important to know that in this kind of trading you always have to come prepared. Do your homework and track the indices daily. Take out time and check how metals are doing in different parts of the world.

Take a look at the Eastward market every day. The first markets to open are the Asian ones. Begin your tracking of indices from here. Apart from this you will also have to be regular with reading the business reports. There is much work for you to do before you put your money in metals futures.

Because trading requires one to take out a considerable amount of time for studying and analyzing, and because a lot of people have everything but time, there are traders and brokers. We at Cannon Trading can assist you with trading. If you want to trade yourself, we give you the advice. In short, we are there to help you with whatever you have got. Here we have a category archive that lists some informative blogs on metal futures and trading. Go through these valuable posts to increase your knowledge of metal futures.


Heikin-Ashi Futures Gold Chart & Economic Reports 11.13.2014

November 12th, 2014 Filed under Future Trading News, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!


Moves in the Futures Indices, Crude Oil & Gold, Economic Reports & Levels 10.16.2014

October 15th, 2014 Filed under Crude Oil, Future Trading News, Indices, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 I may sound like I keep repeating myself but make sure you are adapting to the different market conditions we are seeing compared to a month ago or so.

There is much higher volatility, speed of price change and wider ranges.

Moves today in bonds, S&P, Russell, Crude, Gold and many other markets were very sharp, fast and powerful. This obviously presents both risks and opportunities but for newcomers – mostly risk.

This is a good day to keep notes on in your journal. What caused the price action? What type of “bands” did the market have? How did you do as a trader? What can you do better and learn from for the next “Wild, crazy” day which may even happen tomorrow?

 

The biggest advice I can give on days like today is to make sure you don’t lose it….make sure you know what your daily loss limit is and step away if it gets triggered. This is one of those days where I have seen traders blow their whole account up…..So just make sure you live to trade another day!

 

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Crude Oil & Gold Futures Renko Charts; Economic Reports & Levels 10.08.2014

October 7th, 2014 Filed under Commodity Brokers, Commodity Trading, Crude Oil, Energy Futures, Futures Broker, Futures Trading, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Another two markets I like to touch on when it comes to “other markets to daytrade beside the mini SP 500” are Crude Oil Futures and Gold futures.

 

More than a few similarities between the two markets.

 

They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

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Gold Daily Continuation Chart – Levels & Reports 8.14.2014

August 13th, 2014 Filed under Future Trading News, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

So I was doing some research and signal evaluator work on some candlesticks formation to go along with some of the conditions I like to use and figured might as well share some of the basic knowledge with my readers…

The following is taken from my CQG trading/chart terminal. If anyone is interested in a free trial, feel free to email me or visit our CQG section on our website.

So today, two formations I started exploring:

1. Engulfing Bearish

The Engulfing Bearish formation is, of course, a bearish formation and therefore its symbol (EG) will always appear at the top of the formation. It represents the opposite of the Engulfing Bullish formation. Three criteria establish an Engulfing Bearish formation:

*The market has to be in a clearly definable up-trend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “down” while the first real body should be “up.”

 

2. Engulfing Bullish

The Engulfing Bullish formation is, of course, a bullish formation and therefore its symbol (EG) will always appear at the bottom of the formation. It represents the opposite of the Engulfing Bearish formation. Three criteria establish an Engulfing Bullish formation:

*The market has to be in a clearly definable downtrend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “up” while the first real body should be “down.”

 

 

Above is a daily chart of Gold futures, going back to March 17th 2014 where one can see a good example of the ” Bearish EG”  formation and yet in the same exact chart you can see a failed “Bullish EG” formation on May 2nd 2014.

 

Will continue and explore a few other candlesticks formations over the next couple of weeks.

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Front Month for Gold Futures is August, Front Month for Bond Futures is September 5.29.2014

May 28th, 2014 Filed under Future Trading News, Metal Futures | 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 Thursday May 29, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

 

US Bonds front month as of tomorrow is SEPTEMBER.

FRONT month for gold as of tonight is AUGUST.

Indices and currencies are still trading the June contract.

talking about gold, here is a quick piece I did for investing.com a few days ago:

http://www.investing.com/analysis/gold-futures-about-to-break-out,-but-in-which-way-214027

 

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Read the rest of this entry »

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