Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Webinar: Trading w/ Market Correlation & Trading Levels 11.15.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,silence4991@gmail.com

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

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Webinar Thursday at 1:30 PM pacific time/ 4:30 EST . Register here.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this webinar are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.

 

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.

Futures Trading Levels

11-15-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 15 4:30am GBP
Retail Sales m/m
 0.1% -0.8%
5:00am EUR
Trade Balance
 16.7B 16.6B
8:00am GBP
MPC Member Tenreyro Speaks
8:30am USD
Core Retail Sales m/m
 0.5% -0.1%
USD
Retail Sales m/m
 0.6% 0.1%
USD
Philly Fed Manufacturing Index
 20.7 22.2
USD
Empire State Manufacturing Index
 19.3 21.1
USD
Import Prices m/m
 0.1% 0.5%
USD
Unemployment Claims
 216K 214K
10:00am USD
FOMC Member Quarles Speaks
USD
Business Inventories m/m
 0.3% 0.5%
10:30am USD
Natural Gas Storage
 35B 65B
11:00am USD
Crude Oil Inventories
 2.9M 5.8M
11:30am USD
Fed Chair Powell Speaks
1:00pm USD
FOMC Member Bostic Speaks

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.

Different Market, Different Trading Environments & Trading Levels 11.14.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,silence4991@gmail.com

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Different market, different trading environments
Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.
To read my notes about markets such as bonds, crude oil, gold, currencies and more, click here.

 

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.

Futures Trading Levels

11-13-2018

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Economic Reports, source: 

www.forexfactory.com

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 14  2:00am EUR
German Prelim GDP q/q
 -0.3% 0.5%
2:45am EUR
French Final CPI m/m
 0.1% 0.1%
4:30am GBP
CPI y/y
 2.5% 2.4%
GBP
PPI Input m/m
 0.6% 1.3%
GBP
RPI y/y
 3.4% 3.3%
GBP
Core CPI y/y
 1.9% 1.9%
GBP
HPI y/y
 3.3% 3.2%
GBP
PPI Output m/m
 0.2% 0.4%
5:00am EUR
Flash GDP q/q
 0.2% 0.2%
EUR
Industrial Production m/m
 -0.4% 1.0%
Tentative EUR
German 30-y Bond Auction
 1.04|1.4
8:30am USD
CPI m/m
 0.3% 0.1%
USD
Core CPI m/m
 0.2% 0.1%
10:00am USD
FOMC Member Quarles Speaks
6:00pm USD
Fed Chair Powell Speaks

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.

Trading Economic Reports – Free Premium Guide & Levels 11.13.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,silence4991@gmail.com

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Trading 202: Trading Economic Reports – Free Premium Guide
Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis
The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co
To download this 26 page PDF report, The essential guide to trading economic reports, click here.
If you like to set up a trader evaluation with any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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.

Futures Trading Levels

11-13-2018

 

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Economic Reports, source: 

www.forexfactory.com

Date 3:33pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 13  2:00am EUR
German Final CPI m/m
 0.2% 0.2%
2:45am EUR
French Prelim Private Payrolls q/q
 0.3% 0.1%
4:30am GBP
Average Earnings Index 3m/y
 3.0% 2.7%
GBP
Unemployment Rate
 4.0% 4.0%
GBP
Claimant Count Change
 4.3K 18.5K
5:00am EUR
German ZEW Economic Sentiment
 -24.2 -24.7
EUR
ZEW Economic Sentiment
 -17.3 -19.4
6:00am USD
NFIB Small Business Index
 108.0 107.9
10:00am USD
FOMC Member Brainard Speaks
2:00pm USD
Federal Budget Balance
 -116.6B 119.1B
Tentative USD
Loan Officer Survey

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.

Crude Oil Insight & Support & Resistance Levels 11.09.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
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Our own John Thorpe, on the big drop in the energy sector:
“Traders began focusing on defending the Bear Line in the sand at $61.20 per barrel,” John Thorpe, a commodity broker at Cannon Trading, told UPI.
“The EIA sees 2018 domestic crude production at 10.9 million barrels per day, up 1.5 percent from the October forecast. It also lifted its 2019 view on output by 2.6 percent to 12.06 million barrels a day,” he added, referring to a report issued Tuesday that was having an impact in the market.
“The expectations for lower prices yet further, increase the argument for crude entering into a bear market,” he said.
With prices seeing declines, there was speculation that producer nations may resort to production cuts. According to the OPEC website, the organization has its 175th ordinary meeting scheduled for Dec. 6 in Vienna.
Representatives of some nations will meet on November 12-15 on the framework of ADIPEC, the Abu Dhabi International Petroleum Exhibition and Conference
If you like to set up a trader evaluation with John or any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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.

Futures Trading Levels

11-09-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 9  2:45am EUR
French Industrial Production m/m
 -0.3% 0.3%
4:30am GBP
GDP m/m
 0.1% 0.0%
GBP
Manufacturing Production m/m
 0.1% -0.2%
GBP
Prelim GDP q/q
 0.6% 0.4%
GBP
Prelim Business Investment q/q
 0.2% -0.7%
GBP
Construction Output m/m
 0.2% -0.7%
GBP
Goods Trade Balance
 -11.4B -11.2B
GBP
Index of Services 3m/3m
 0.5% 0.5%
GBP
Industrial Production m/m
 -0.1% 0.2%
Tentative GBP
NIESR GDP Estimate
 0.7%
8:30am USD
PPI m/m
 0.2% 0.2%
USD
Core PPI m/m
 0.2% 0.2%
9:00am USD
Final Wholesale Inventories m/m
 0.3% 0.3%
9:05am USD
FOMC Member Quarles Speaks
10:00am USD
Prelim UoM Consumer Sentiment
 98.0 98.6
USD
Prelim UoM Inflation Expectations
 2.9%

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 & Support & Resistance Levels 11.08.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

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Get Real Time updates and market alerts on Twitter!
FOMC decision tomorrow
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
Few tips when trading stock indices and interest rates on FOMC days:
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 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 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!!

 

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.

Futures Trading Levels

11-07-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 8 2:00am EUR
German Trade Balance
 18.2B 18.3B
2:45am EUR
French Trade Balance
 -6.1B -5.6B
4:00am EUR
ECB Economic Bulletin
5:00am EUR
EU Economic Forecasts
Tentative EUR
French 10-y Bond Auction
 0.86|1.6
8:30am USD
Unemployment Claims
 214K 214K
8th-9th USD
Mortgage Delinquencies
 4.36%
10:30am USD
Natural Gas Storage
 56B 48B
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
 <2.25% <2.25%

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 & Support & Resistance Levels 11.07.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
We have both elections and FOMC tomorrow…
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
To view a full list of the trading ALGOS we offer at Cannon Trading for automated trading, click here

 

 

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.

Futures Trading Levels

11-07-2018

 

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 7  2:00am EUR
German Industrial Production m/m
 0.0% -0.3%
3:30am GBP
Halifax HPI m/m
 0.5% -1.4%
4:00am EUR
Italian Retail Sales m/m
 -0.1% 0.7%
5:00am EUR
Retail Sales m/m
 0.1% -0.2%
Tentative EUR
German 10-y Bond Auction
 0.55|1.1
10:30am USD
Crude Oil Inventories
 2.0M 3.2M
1:01pm USD
30-y Bond Auction
 3.34|2.4
3:00pm USD
Consumer Credit m/m
 15.7B 20.1B
7:01pm GBP
RICS House Price Balance
 -2% -2%

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.

Automated Trading & Support & Resistance Levels 11.06.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

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Get Real Time updates and market alerts on Twitter!
Elections are knocking on volatility door…..
Be ready mentally, trading wise and financially as a trader.
I said it before, too many traders spend a lot of time on trade entries and signals and not enough on the actual trade management and money management.

To view a full list of the trading ALGOS we offer at Cannon Trading for automated trading, click here

 

 

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.

Futures Trading Levels

11-06-2018

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Economic Reports, source: 

www.forexfactory.com

Date 4:09pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 6 2:00am EUR
German Factory Orders m/m
 -0.4% 2.0%
3:15am EUR
Spanish Services PMI
 51.9 52.5
3:45am EUR
Italian Services PMI
 52.1 53.3
3:50am EUR
French Final Services PMI
 55.6 55.6
3:55am EUR
German Final Services PMI
 53.6 53.6
4:00am EUR
Final Services PMI
 53.3 53.3
Tentative GBP
10-y Bond Auction
 1.60|1.9
5:00am EUR
PPI m/m
 0.4% 0.3%
10:00am USD
JOLTS Job Openings
 7.14M
Tentative USD
IBD/TIPP Economic Optimism
 59.2 57.8
All Day USD
Congressional Elections
1:01pm USD
10-y Bond Auction
 3.23|2.4

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.

Volatility is Back! & Trading Levels for 11-01-2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Equity markets ( emini indices for most of us) are VERY volatile. For some traders, it is not an easy task to say the least….
I have an automated system I run on the mini NASDAQ and in one week it had both its best day ever and its worst day ever…..so be careful, trading is hard as is but can be even harder for most traders when volatility is at extremes.
Control your emotions and don’t let yourself lose control because in market conditions like this, losing control can mean losing your account……
Here are a few tips I can share as personal opinion:
  • 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 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Be patient and be disciplined
  • If you had a couple of losers in a row, step away, take a breathe, try to “reset yourself”
  • If in doubt, stay out!!

 

 

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.

Futures Trading Levels

11-01-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 3:36pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 1  3:00am GBP
Nationwide HPI m/m
 0.2% 0.3%
All Day EUR
French Bank Holiday
All Day EUR
Italian Bank Holiday
5:30am GBP
Manufacturing PMI
 53.0 53.8
7:30am USD
Challenger Job Cuts y/y
 70.9%
8:00am GBP
BOE Inflation Report
GBP
MPC Official Bank Rate Votes
 0-0-9 0-0-9
GBP
Monetary Policy Summary
GBP
MPC Asset Purchase Facility Votes
 0-0-9 0-0-9
GBP
Official Bank Rate
 0.75% 0.75%
GBP
Asset Purchase Facility
 435B 435B
8:30am GBP
BOE Gov Carney Speaks
USD
Prelim Nonfarm Productivity q/q
 2.2% 2.9%
USD
Prelim Unit Labor Costs q/q
 1.1% -1.0%
USD
Unemployment Claims
 213K 215K
9:45am USD
Final Manufacturing PMI
 55.9 55.9
10:00am USD
ISM Manufacturing PMI
 59.0 59.8
USD
Construction Spending m/m
 0.2% 0.1%
USD
ISM Manufacturing Prices
 67.5 66.9
10:30am USD
Natural Gas Storage
 53B 58B
All Day USD
Total Vehicle Sales
 17.1M 17.4M

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.

Volatility has returned, Indices Automated Trading Systems & Futures Levels 10.31.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Volatility has returned to the stock indices and this has led to some excellent opportunities (and risks) for day traders. Here are a handful to look at:

To view a full list of the systems we offer at Cannon Trading, click here

 

 

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.

Futures Trading Levels

10-31-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 3:49pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 31 3:00am EUR
German Retail Sales m/m
 0.5% -0.1%
3:45am EUR
French Prelim CPI m/m
 0.1% -0.2%
4:00am EUR
Spanish Flash GDP q/q
 0.6% 0.6%
5:00am EUR
Italian Monthly Unemployment Rate
 9.9% 9.7%
6:00am EUR
CPI Flash Estimate y/y
 2.1% 2.1%
EUR
Core CPI Flash Estimate y/y
 1.0% 0.9%
EUR
Italian Prelim CPI m/m
 0.2% -0.5%
EUR
Unemployment Rate
 8.1% 8.1%
8:15am USD
ADP Non-Farm Employment Change
 190K 230K
8:30am USD
Employment Cost Index q/q
 0.7% 0.6%
9:45am USD
Chicago PMI
 60.3 60.4
10:30am USD
Crude Oil Inventories
 6.3M

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.

Trading 101: Ranking Market Events & Trading Levels 10.30.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Trading 101: Ranking Market Events ( knowing what you don’t know…)
by: Cannon Trading Staff
Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.
**DING**
You’re out of the market. What the hell just happened? You stare at the screen; did your indicators lie to you? Is your system faulty? Did you not listen to your broker? Well, probably not. But you’re down several handles, you’ve lost some money and your pride is aching…

 

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.

Futures Trading Levels

10-30-2018

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Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 30  2:30am EUR
French Flash GDP q/q
 0.4% 0.2%
All Day EUR
German Prelim CPI m/m
 0.1% 0.4%
3:45am EUR
French Consumer Spending m/m
 -0.4% 0.8%
4:00am EUR
Spanish Flash CPI y/y
 2.3% 2.3%
4:55am EUR
German Unemployment Change
 -12K -23K
5:00am EUR
Italian Prelim GDP q/q
 0.2% 0.2%
6:00am EUR
Prelim Flash GDP q/q
 0.4% 0.3%
Tentative EUR
Italian 10-y Bond Auction
 2.90|1.4
7:00am GBP
CBI Realized Sales
 27 23
9:00am USD
S&P/CS Composite-20 HPI y/y
 6.0% 5.9%
10:00am USD
CB Consumer Confidence
 136.3 138.4
8:01pm GBP
BRC Shop Price Index y/y
 0.2%
GBP
GfK Consumer Confidence
 -10 -9

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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.