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.

4th of July 2024 Holiday Schedule for CME Exchange Hours

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4th of July

4th of July 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® 4th of July 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.


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

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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.

“Voice from the Tomb”: Legendary Grain Trader’s Seasonal Wisdom Revealed

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Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

C74

 

In light of this weeks impactful “Grain Stocks” report out Friday morning

by John Thorpe, Senior Broker:

 

This 8 ½ x 11, well worn, sheet of paper version has been pinned to the corkboard in my office for decades and is worth a share. Called “Voice from the Tomb”, I have noticed a web page dedicated solely to this Myth or Non Fiction? Lore or Fact? and his experiences following the execution dates.

It’s interesting to contemplate the prospective impact of following the note left to family members, in light of some of the upcoming dates provided. What follows is simply a brief of the contents, feel free to google search the topic to follow the trader’s experiences, you too may end up saving the primary authors advice.

 

 

Voice From The Tomb

 

This is the legend of a wise grain trader that made a fortune trading “seasonals” in the pits of the Chicago Board of Trade.

“After his wife died, a millionaire grain trader dedicated his life to raising their children. The children were lazy and thought they’d inherit all of their father’s money. He felt that his children were wasteful and believed they took him for granted. When he died, all the money went to charity. All he left them in his will were the following dates of when to buy and sell. The will said that if they strictly followed his advice, they’d have the fortunes they always thought were going to drop in their laps.”

So what is a “seasonal”? “Seasonality often plays a part in determining prices for commodities in regular cycles throughout the year. Normal increases and decreases in supply and demand for particular commodities seem to occur every year in fairly consistent patterns. Commodity seasonal patterns might appear to be an easy trading strategy for commodities, but seasonal tendencies are just that – tendencies.” Chuck Kowalski

 

 

  • Sell March Wheat on January 10
  • Buy May and/or July Wheat on February 22
  • Sell July Wheat on May 10
  • Buy December Wheat on July 1
  • Sell December Wheat on September 10
  • Buy March Wheat on November 28

 

Corn

  • Buy July Corn on March 1
  • Sell July Corn on May 20
  • Buy December Corn on June 25
  • Sell December and March Corn on August 10

 Disclaimers:

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

** SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONAL THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES TRADING MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE.

 

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

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Daily Levels for June 26th, 2024

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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.

Sharp Declines in Cocoa and Bitcoin Futures Kick Off the Week

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Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

C73

 

Two markets stood out to start the week, both with a sharp, negative move.

Cocoa was down 12.5%! or the equivalent of -$10,000 if you were on the wrong side…..

Bitcoin futures also finished the day down 7.5% and now trading below the psychological 60,000 level.

Major reports for the week ahead below as well as tomorrow’s specific trading levels for major markets and detailed reports for June 25th.

 

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If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

75657348 a427 4563 8a75 ab5da374c6e2

 

 

stars

Daily Levels for June 25th, 2024

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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: Order Flow 101 + Trading Levels for June 24th

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

C72

Cannon Futures Weekly Letter Issue # 1199

In this issue:
  • Important Notices – USDA Reports, Presidential Debate and Heavy Economic Data
  • Futures 101 – Essentials of Order Flow
  • Hot Market of the Week – Dec. Corn
  • Market Scanner – For Monday June 24th
  • Broker’s Trading System of the Week – Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Earnings, FedSpeak, Presidential Debate and Heavy Economic Data including Bank Stress Test results.
    • FedEx, Micron and Nike report after the close T, W, Thu. In that order Highlight the earnings calendar next week.
    • Fed Members are in Europe next week, Mon. 2 am CST Waller speaks from Rome, Daly at 10 am CST.
    Tues. 6 am CST Bowman, 11 AM Cook. Fri. Barkin 5 am CST, Bowman 11 am CST.
    • Data Begins Mon. (Please review Calendar below for specific times) Dallas Fed Manufacturing Index,
    • Tues. Chi Fed Nat’l Activity Index, Housing Data, Consumer Confidence
    •  Wed. Building Permits, 3:30 CST
    • Bank Stress Test results
    • Thu. Core PCE Q over Q, Jobless Claims, Durable Good, GDP Final, Retail and Wholesale Inventories, Presidential Debate
    • Fri. Core PCE M over M final. Chicago PMI
    • USDA grains stocks and planted acreage Friday, June 28th

 

 

 

Futures 101 :

 

Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.
In this FREE booklet, you will learn:
  • What is order flow?
  • Volume by Price
  • Footprint
  • Time & Sales
  • DOM
  • Tying it all together

 

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  • Hot Market of the Week – December Corn

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.
December Corn
December corn has resumed its break with a new recent low. The chart is now taking aim at its second downside PriceCount objective to the $4.49 area. Meanwhile, the trade below the March reactionary low formally negated the remaining unmet upside counts.
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.
Market Scanner
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.
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   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.
Mini Nasdaq AV1_ E-mini Nasdaq NQ
PRODUCT

NQ – Mini Nasdaq

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 55 / monthly

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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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S
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Daily Levels for June 24th 2024

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Trading Reports for Next Week

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

Understanding the Three Main Types of Trading Days in Stock Index Futures

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Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

C48

 

Today’s somewhat volatile but choppy/ two sided price action in stock index futures,  encouraged me to share the following with you on the different types of trading days:

  • In my opinion there are 3 main types of trading days.

1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.

2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.

3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:

  1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
  2. Mondays have the highest chance for trending days
  3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
  4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
  5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

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stars

Daily Levels for June 21st, 2024

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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.

Futures Trading Levels for June 20th 2024

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

C47

 

Today is Juneteenth and markets closed early.

Reports & levels for a much busier and regular trading day below.

 

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

75657348 a427 4563 8a75 ab5da374c6e2

 

 

stars

Daily Levels for June 20th, 2024

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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.

Juneteenth Trading Schedule & Levels 6.19.2024

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

Juneteenth

 

Tomorrow is Juneteenth and markets will observe modified trading schedule

Juneteenth Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

 

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If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

75657348 a427 4563 8a75 ab5da374c6e2

 

 

stars

Daily Levels for June 19th, 2024

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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 Tips Worth Repeating & Level 6.18.2024

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

C16

 

A few Tips worth repeating as we go head on into the summer months

By John Thorpe, Senior Broker

 

From time to time I am asked by my clients for a viewpoint that is separate from the application of technical indicators to overcome some of their perceived, faulty analysis.

 

Without restructuring anyone’s methodology, I think it fair that a self-assessment applying some common biases that will easily reveal weaknesses in their trade and risk management selection process be applied to your decision making process.

If you practice exposing these biases during your trading decision process and write down in your journal when they occur with the net result of the trades, you can quickly tighten up your game plan.

 

It takes 21 days to create a habit according to Steven R. Covey in his  best seller “Seven Habits of Highly Effective People”

 

Technical analysis is not a flawless science and it can be prone to various biases.

 

I will try to make this brief; however, this topic requires a much deeper dive. Here is a list of some common biases.

1 Confirmation Bias-Preconceived notions about a market/ Actively seek out other technical signals.

2 Regency Bias-ignoring long term trends/ don’t rest your analysis simply on price action in shorter time frames.

3 Anchoring Bias-fixate on Price and refuse to adjust.

4 Availability Bias-rely too heavily on recent news.

5 Gamblers Fallacy- traders believe the past events increase the likelihood of future events. / eval trade independently.

6 Emotional Bias Fear, Greed clouds judgement.

Plan your trade and trade your plan

 

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

Questions? We are happy to help!

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stars

Daily Levels for June 18th, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
27b9d17e 86e1 4197 a3c9 d46a754bbac4

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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: FREE ebook: Day Trading Futures: The Essentials, Juneteenth Trading Schedule & Levels 6.17.2024

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

Free eBook

Cannon Futures Weekly Letter Issue # 1198

In this issue:
  •  Important Notices – Rollover, Juneteenth
  • Futures 101 – Unlock the Secrets of Day Trading Futures
  • Hot Market of the Week – July Hogs
  • Market Scanner – For Monday June 17th
  • Broker’s Trading System of the Week – Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Juneteenth is this Wednesday, June 19th. Modified trading schedule.
  • Rollover is here! Start trading September mini SP, mini NQ, Micros etc.
  • Heavy Private Sector/Consumer Data: Tues: Retail Sales, Wed: Housing market Index, Thur: Bldg Permits, Housing Starts, Jobless Claims, Philly Fed, Fri PMI Flash, Existing Home Sales.
  • Heavy Fed Speakers:  7 Count ’em! , Mon: Cook,  Tues. Collins, Kuglar, Logan, Muselem, Goolsbee,   Thu. Barkin
  • Light Earnings: ACCenture PLC is the highest Cap stock reporting and it’s pre market open on Thursday.

 

 

Watch video below on how to rollover if you are a stock index trader on our E-Futures Platform!

How to roll over Chart and DOM on E-Futures

 

Futures 101 :

Are you ready to take your trading skills to the next level? At Cannon Trading, we’re excited to offer you a powerful resource designed to help you master the art of day trading futures.
Inside this comprehensive guide, you’ll discover:
Table of Contents (12 Chapters)
  • 1. Introduction to Day Trading Futures
  • What is Day Trading?
  • Overview of Futures Contracts
  • Why Trade Futures?
  • 2. Getting Started with Day Trading Futures
  • Education and Research
  • Choosing a Reliable Futures Broker
  • Creating a Trading Plan
  • Practicing with Simulated Trading
  • 3. Essential Tools and Platforms
  • Trading Platforms
  • Charting Software
  • News and Data Feeds
  • Advanced Trading Tools
  • 4. Technical Analysis for Day Trading Futures
  • Understanding Price Charts
  • Key Technical Indicators
  • Patterns and Trends
  • Using Technical Analysis for Entry and Exit Points
  • 5. Day Trading Strategies
  • Scalping
  • Momentum Trading
  • Breakout Trading
  • Mean Reversion
  • News-Based Trading
  • 6. Risk and Money Management
  • Importance of Risk Management
  • Position Sizing
  • Setting Stop-Loss Orders
  • Managing Leverage
  • 7. Psychological Aspects of Day Trading
  • Emotional Control
  • Developing Discipline
  • Overcoming Fear and Greed
  • Building a Winning Mindset
  • 8. Advanced Techniques and Concepts
  • Order Flow Analysis
  • Volume Profile
  • Market Profile (TPO)
  • High-Frequency Trading (HFT)
  • 9. Case Studies and Examples
  • Real-Life Trading Scenarios
  • Successful Day Trading Examples
  • Common Mistakes and How to Avoid Them
  • 10.Continuous Improvement and Adaptation
  • Reviewing and Analyzing Trades
  • Keeping Up with Market Changes
  • Ongoing Education and Development
  • 11.Conclusion
  • Summary of Key Points
  • Final Advice for Aspiring Day Traders
  • Resources for Further Learning
  • 12.Twenty-Five Essential Indicators for Day Trading Futures
  • 13. Index of Futures Trading Resources
  • 14.Disclaimer

 

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  • Hot Market of the Week – July Hogs

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 Hogs
July hogs resumed their break to a new low where the chart satisfied its second downside PriceCount objective, just above the contract low. At this point, IF the chart can erase the contract low and sustain further weakness, the third count would project a possible slide to the 81.23 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.
Market Scanner
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.
b00cfd16 9851 4ca4 9a12 c84253e7b99b

   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.

Swing61B Cont v.22 _ E-mini Nasdaq NQ

PRODUCT

NQ – Mini Nasdaq

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$35,000
COST
USD 160 / monthly

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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.
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Daily Levels for June 17th 2024

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Trading Reports for Next Week

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

Juneteenth Day 2024 Holiday Schedule for CME Exchange Hours

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Juneteenth

Juneteenth Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Juneteenth Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.


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

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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.