Cannon Trading Blog

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Monday July 31, 2012

Hello Traders,

August Gold is entering delivery period, so if you are trading gold, make sure you start trading December gold. Symbol for December is Z.

On a different note: If you are a day trader, how do you prepare for the trading day?

Do you simply turn on the machine and start trading? I hope not…

Here are a few pointers I recommend my clients as preparation for the trading day:

↔Know what reports are coming out that day

↔Overview of longer time frames (daily, hourly, 30 minutes)

↔Key support and resistance levels

↔Go over your equity run and make sure your statement is correct

↔Make sure your surroundings will enable you to trade

↔Fit trading into your schedule, life style not vice versa

↔Do you have a daily loss limit? Profit target?

These are just a few things any daytrader should do in order to be better prepared for the trading day. As always if you need any personalized feedback, feel free to visit our trader profile page or email me.

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday July 27, 2012

Hello Traders,

Comforting words out of Europe helped the stock market bounce nicely today.

Also the end of the month is approaching, which in recent months we saw some rallies during the last few days of the month.

With that being said, I still think the market has equal chances of going either way. You can see my daily chart below with possible upside targets (marked with -3-) and possible downside targets (marked with -4-).

Be patient, be disciplined!

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday July 26, 2012

Hello Traders,

Here is a screen shot from my intraday set up from today’s session for the mini SP500.  Please inquire if you have questions.

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

To start your trial, please visit:https://www.cannontrading.com/tools/intraday-futures-trading-signals

OR

send me an email with the following information:

1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?

Also please like us on Facebook!!

Continue reading “Trading Levels and Reports for July 26, 2012”

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday July 25, 2012

Hello Traders,

Are you currently evaluating a trading system?  Need help/ feedback in trying to assess validity of back testing and hypothetical results? Perhaps you need a second pair of eyes/ reason to review actual trading performance?

Feel free to contact us and one of our experienced brokers will be able to provide feedback and try to help you based on our experience in the trading world and dealing with variety of different trading systems in accordance to your risk tolerance and trading experience.

PS: like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday July 20, 2012

Hello Traders,

Continue reading “Trading Levels and Reports for July 20, 2012”