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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Order Flow Analysis in Futures Trading

Posted on by Cannon Operations

Order flow analysis is a powerful tool used by traders, especially in futures markets, to gain insights into market dynamics and potentially improve their trading strategies. Here are some ways in which order flow analysis can help your futures trading:

Market Understanding: Order flow analysis provides a deeper understanding of how buyers and sellers are interacting in real-time. It helps you see not just the price and volume but also the intentions behind each trade. At Cannontrading we offer a number of solid, low latency trading platforms that feature Order Flow analysis here are just a few, Sierra-Chart, BookMap, Volumetrica,  Quantower,

  1. Identifying Trends and Reversals: By analyzing order flow, you can identify shifts in market sentiment before they are reflected in price movements. This can help you spot potential trend changes or reversals early.
  2. Confirmation: Order flow analysis can be used to confirm or validate signals from other technical or fundamental analysis tools. When order flow aligns with other indicators, it can provide more confidence in your trading decisions.
  3. Entry and Exit Points: Order flow analysis can help you identify optimal entry and exit points for your trades. For example, spotting large buy or sell orders at key price levels can signal potential areas of support or resistance.
  4. Risk Management: By monitoring order flow, you can gauge the strength of a move and assess the potential risk associated with a trade. Unusual order flow activity can indicate increased volatility or potential reversals, allowing you to adjust your risk management strategies accordingly.
  5. Scalping and Day Trading: For short-term traders, order flow analysis can be particularly useful. It provides insights into short-term imbalances in supply and demand, which can be exploited for quick scalping or day trading opportunities.
  6. Volume Profiling: Order flow analysis often involves volume profiling, which helps you identify price levels with significant trading activity. This can be useful for setting profit targets and stop-loss orders.
  7. Market Sentiment: Order flow can reveal market sentiment, such as whether traders are bullish or bearish. Understanding sentiment can be crucial for making contrarian trades or following the crowd when appropriate.
  8. Market Depth: Order flow analysis provides information about market depth, showing you the orders waiting to be executed at various price levels. This can help you anticipate potential price movements when these orders are filled.

To effectively use order flow analysis in your futures trading, you’ll need access to real-time market data and possibly specialized software or tools that can help you visualize and interpret order flow information. Keep in mind that order flow analysis is just one tool in your trading toolbox, and it should be used in conjunction with other forms of analysis and risk management to make informed trading decisions. Additionally, it’s essential to continually educate yourself and practice using order flow analysis to develop your skills in this area.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are of opinion only and do not guarantee any profits. Past performances are not necessarily indicative of future results.

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Weekly Newsletter: Essentials of Order Flow + Futures Trading Levels for Oct. 9th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1166

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Essentials of Order Flow
  • Hot Market of the Week – December Corn
  • Broker’s Trading System of the Week – NQ Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

 

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 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 traded to within a dime of its fourth downside PriceCount objective and it increasing appears like that was enough to satisfy the bear move. The September contract and the weekly chart each hit their counts. Now, the chart is activated upset objectives and the first Target to 4.94 has been met. If we can sustain the move and get above $5 there’s a second objective just above to aim for in the 5.03 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.
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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.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$18,000.00
COST
USD 155 / 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.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
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  • Trading Levels for Next Week

Daily Levels for October 9th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Trading Reports for Next Week
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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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 judgment in trading.

 

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.

NFP Tomorrow + Futures Trading Levels for Oct. 6th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know before trading futures tomorrow – October 6th 2023

by Ilan Levy-Mayer, VP

  1. NFP is tomorrow! Non Farm Payrolls also known as employment numbers. Big report, This is a market moving event and we expect high volatility, right before, during and right after.
  2. Crude Oil and energies trading at extreme volatility
  3. Take a look at the 1 minute chart of the last NFP report from Sept. 1st below as well as a 15 min chart of the rest of the same session. Notice the ES (mini SP500) had a 22 point move from high to low in 45 seconds!

Plan your trade and trade your plan.

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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 when it comes to Futures Trading.

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Futures Trading Levels

10-06-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Download your FREE copy of Order Flow Essentials!

 

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

Navigating the World of Futures Trading: History, Reasons, and the Role of AI

Posted on by Cannon Operations

Read more about trading futures with Cannon Trading Company here.

Futures trading, a cornerstone of the global financial markets, has a rich history and plays a pivotal role in today’s economic landscape. This comprehensive exploration of futures trading delves into its historical roots, the compelling reasons to engage in it, the contemporary futures market, and the emerging influence of Artificial Intelligence (AI) in futures trading.

The History of Futures Trading

Futures Trading

Futures trading, although complex in its modern form, has roots dating back to ancient civilizations. It evolved from simple agreements among farmers and merchants to secure future prices for agricultural produce. The concept of trading future contracts began in 17th-century Japan with the creation of rice futures. However, the formalization of futures trading came much later.

  1. The Emergence of Futures Markets: The 19th century saw the establishment of formal futures markets in the United States. Chicago emerged as a hub for futures trading, primarily in agricultural commodities such as wheat and corn. This period marked the birth of organized futures exchanges, with the Chicago Board of Trade (CBOT) founded in 1848 and the Chicago Mercantile Exchange (CME) in 1898.
  2. Commodities and Beyond: Initially centered around agricultural commodities, futures trading expanded to include metals, energy products, currencies, and financial instruments. The ability to hedge against price fluctuations made futures trading attractive to a broader range of participants.

Why Trade Futures

Trading futures offers several compelling reasons, attracting a diverse group of participants, from individual traders to institutions. Here are some key motivations:

  1. Risk Management and Hedging: One of the primary purposes of futures trading is risk mitigation. Producers, consumers, and investors use futures contracts to hedge against adverse price movements. For instance, a wheat farmer can lock in a future selling price to protect against price declines.
  2. Liquidity and Leverage: Futures markets are highly liquid, making it easy to enter and exit positions. Moreover, traders can access substantial leverage, amplifying their trading capital and profit potential.
  3. Diversification: Futures markets encompass a wide range of assets, from agricultural commodities like soybeans to financial instruments like stock index futures. This diversity allows traders to build diversified portfolios and spread risk.
  4. Speculation: Futures trading is not limited to hedgers; speculators play a vital role too. They seek to profit from price fluctuations by taking positions based on market analysis and predictions.
  5. 24-Hour Trading: Unlike traditional stock markets, futures markets operate around the clock, providing opportunities for global traders to react to news and events at any time.

Futures Trading in the Current Era

The landscape of futures trading has evolved significantly in the modern era, reflecting advances in technology, changes in market dynamics, and shifts in economic priorities.

  1. Technology and Electronic Trading: The advent of electronic trading platforms has revolutionized futures markets. It has democratized access, reduced transaction costs, and increased market efficiency. Traders can execute orders with ease, and real-time data and analysis tools are readily available.
  2. Financialization: Futures markets have seen increased financialization, with financial institutions and investment funds actively participating. This has led to higher trading volumes and greater market complexity.
  3. Globalization: Futures markets have become interconnected on a global scale. Investors can trade futures contracts on assets from different countries and regions, offering enhanced diversification opportunities.
  4. Commodity Super Cycle: Periods of commodity super cycles have influenced futures markets. These cycles are characterized by extended periods of rising commodity prices, often driven by factors like emerging market demand and supply constraints.
  5. Algorithmic Trading: Algorithms and high-frequency trading have become prevalent in futures markets. They execute trades at lightning speed, seeking to capitalize on small price differentials.

Futures Trading with AI

As technology continues to advance, AI is becoming increasingly integrated into futures trading. Here’s how AI is impacting the futures market:

  1. Algorithmic Strategies: AI-driven algorithms are used to develop trading strategies that can analyze vast amounts of data, identify patterns, and execute trades with precision. Machine learning models adapt to changing market conditions, making them effective in dynamic futures markets.
  2. Risk Management: AI tools are employed for risk assessment and management. AI can assess market conditions in real-time and automatically execute risk mitigation measures, such as stop-loss orders, to protect traders’ capital.
  3. Predictive Analytics: AI algorithms can predict market movements based on historical data and current events. This aids traders in making informed decisions and optimizing their positions.
  4. Market Sentiment Analysis: AI-powered sentiment analysis tools scour news and social media to gauge market sentiment. Traders can use this information to anticipate market movements and respond accordingly.
  5. Automated Trading: AI enables fully automated trading, where algorithms execute trades without human intervention. This approach is particularly popular in high-frequency trading strategies.
  6. Portfolio Optimization: AI can assist in portfolio management by optimizing asset allocation and risk management strategies to maximize returns while minimizing risk.

Futures trading has come a long way from its humble origins as a means for farmers and merchants to secure future prices. Today, it encompasses a wide range of assets, from agricultural commodities to financial instruments, and serves diverse purposes, including hedging, speculation, and portfolio diversification.

In the current era, electronic trading, financialization, globalization, and algorithmic strategies have transformed futures markets. AI, with its ability to analyze vast amounts of data, adapt to changing market conditions, and execute trades with precision, is poised to play a significant role in the future of futures trading. As technology continues to advance, traders and investors are likely to leverage AI to gain a competitive edge in the ever-evolving world of futures trading.

Futures trading remains a vital component of the global financial system, offering opportunities for risk management, profit generation, and portfolio diversification. With AI on the horizon, the future of futures trading holds promise for both individual traders and institutional participants looking to navigate the complex world of commodities and financial futures.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

 

Crude Drops over $4.50! + Futures Trading Levels for Oct. 5th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

What you need to know for the last two trading days of the week

 By Mark O’Brien, Senior Broker

 

General: 

As yesterday’s price action in stock index and interest rate futures demonstrated, there are times when good data is bad news.  Yesterday, after three consecutive months of falling numbers, the Labor Department reported that there were 9.6 million job openings in the month of August in its Job Openings and Labor Turnover Survey, commonly referred to by its acronym: JOLTS.

 

Job openings have been slowly declining for the last 16-17 months from their April ’22 highs near 12 million – likely to the nod of approval by the Federal Reserve as it has raised rates in part to reduce labor demand in its efforts to cool the economy.  A larger-than-expected increase like August’s numbers helps make the prospect of further interest rate hikes less likely to be taken off the table, despite the Fed’s pause at the last meeting.

 

The JOLTS rebound also increases the scrutiny this Friday’s non-farm payrolls numbers will receive from traders.  Already, the E-mini S&P 500 has slipped ±400 points – a $20,000 per contract move – since its late-July push up to 4685, including yesterday’s 1.4% hit.

 

Energy: 

 

Last Wednesday, during the early hours of the Thursday session – so, technically just four trading sessions ago – November crude oil traded briefly over $95 per barrel.  This after a ±$3.50 per barrel advance above $94.00 per barrel during Wednesday’s session.  As of this typing, crude oil is in the throes of a ± $5.00 / 5.6% correction and within pennies of trading to $84 per barrel: an $11,000 per contract move.  Along side it, November heating oil corrected ±32 cents per gallon, a ±$13,400 per contract move.

 

Helping today’s sell-off was yesterday’s American Petroleum Institute report showing stocks at the Cushing, Oklahoma hub – where West Texas oil futures deliveries are processed – had increased for the first time in eight weeks.  Likely because no surprises accompanied the announcement, crude took the news in stride that Saudi Arabia and Russia announced that the voluntary production cuts currently in place will remain until the end of the year as planned, despite recent higher prices.

 

Softs: 

 

New all-time highs in orange juice futures just keep coming.  Last month, November orange juice futures gained another ±37 cent per pound – a ±$2,550 per contract move – to trade over $3.50 per pound.  Ongoing disease called citrus greening has damaged upwards of 75% of Florida’s orange crop.

 

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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 when it comes to Futures Trading.

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Futures Trading Levels

10-05-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

ISM, ADP, PPI and more! + Futures Trading Levels for Oct. 4th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Tomorrow traders need to pay attention to multiple reports, fed members speaking and more!

Should be a busy day across the board, make sure to know which reports are coming and what time, scroll down to see reports and times!

 

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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 when it comes to Futures Trading.

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Futures Trading Levels

10-04-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

The Week Ahead Outlook + Futures Trading Levels for Oct. 3rd

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week Ahead….Labor, Labor and More Labor….

By Senior Broker, John Thorpe

Labor, Labor, Labor Critical to the outlook for monetary policy is how the cooling in the labor market is shaping up or rather cooling down. This week is a heavy data week about the U.S. Labor market. remaining days with a Labor data set to be released. First, Tuesday morning at 9:00a.m. Central time, the August J.O.L.T.S Job Openings and Labor Turnover report will be released. Conditions are expected to reflect low unemployment rates and a moderate number of job openings.

Wednesday @ 7:15 CDT the ADP National Employment report, expectations here are for private payrolls to expand but at a slower pace than in previous reports. Thursday the Challenger report will be released @ 6:30 CDT . layoffs are expected here but could actually show hiring plans consistent with strong consumer spending expectations over the holiday shopping season. Also, on Thursday ,Initial jobless claims for the week ended September 30 at 7:30 CDT will probably remain in line with recent weeks.  Finally, the Big one on Friday morning @ 7:30 am CDT Non Farm Payrolls. ..an increase of 160,000 jobs are expected. From Econoday.com they say this ” Historically, the September employment numbers strongly tend to come in below forecast, but also strongly tend to subsequently see an upward revision. Should the September change in nonfarm payrolls be a disappointment, it would be well to wait for the next month’s report before concluding that the labor market is softening more than previously thought.”

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

10-03-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

d40a3398 72e5 4a59 836b 1bb9a30cc6da

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

Exploring a Multitude of Futures Trading Platforms at Cannon Trading

Posted on by Cannon Operations

Read more about futures trading platforms offered by Cannon Trading Company here.

Futures trading platforms have evolved significantly over the years, offering traders a plethora of options to cater to their specific needs. Cannon Trading, a prominent brokerage firm, recognizes the importance of providing a wide array of futures trading platforms to its clients. In this comprehensive overview, we will delve into the various futures trading platforms available at Cannon Trading, offering traders a comprehensive understanding of their options.

Futures Trading Platforms

Sierra Charts
Sierra Charts is a renowned name in the futures trading industry. It is highly regarded for its advanced technical analysis tools, customizable charting options, and extensive historical data. Traders can execute orders, perform technical analysis, and backtest strategies efficiently with Sierra Charts.

Cannon Pro (Mac Compatible)
Cannon Pro is designed for Mac users, ensuring that traders using Apple devices have access to a powerful trading platform. It offers real-time market data, advanced charting tools, and order execution capabilities.

Volumetrica Trading
Volumetrica Trading is a specialized platform for traders focused on order flow and volume analysis. It provides detailed insights into market dynamics, helping traders make informed decisions based on order book data.

MultiCharts
MultiCharts is a popular trading platform known for its extensive back testing and automated trading capabilities. It supports multiple data feeds and brokers, making it a versatile choice for traders.

Tradingview
Tradingview is a web-based platform that offers advanced charting and social networking features. Traders can share ideas, collaborate with others, and access a wide range of technical indicators and drawing tools.

Overcharts
Overcharts is a user-friendly platform known for its intuitive design and advanced charting capabilities. It provides access to various data sources and features seamless order execution.

Bookmap
Bookmap is a unique platform that visualizes order book data in a clear and insightful manner. Traders can analyze market liquidity and order flow to make precise trading decisions.

MarketDelta
MarketDelta is designed for traders who focus on order flow analysis. It offers tools to track market profile, volume, and Delta, providing valuable insights into market sentiment.

MotiveWave (Mac Compatible)
MotiveWave is a Mac-compatible trading platform known for its advanced technical analysis tools, Elliott Wave analysis, and options trading capabilities.

Trade Navigator
Trade Navigator is a comprehensive platform that offers real-time data, advanced charting, and customizable indicators. It is suitable for both novice and experienced traders.

MT5 (MetaTrader 5)
MetaTrader 5, commonly known as MT5, is a versatile platform that supports not only futures trading but also forex and CFDs. It features automated trading options, customizable charts, and a wide range of technical indicators.

Additional Trading Platforms
Cannon Trading also provides access to several other trading platforms, each with its unique features and capabilities. These platforms include API (Application Programming Interface), Quantower, E-Futures, FireTip (Mac Compatible), CQG Trader, RTrader/Rithmic, CTS T4 (Future Spreads), AgenaTrader, eSignal, Ensign Software, QT Market Center, BarChart Trader, iSystems Automated Trading Platform, Investor/RT, Corn Futures, and Nasdaq Futures.

Futures & Options Trading
Cannon Trading’s platform offerings extend beyond futures trading to include options trading as well. Traders can explore a variety of options strategies and execute trades seamlessly on these platforms.

Cannon Trading’s commitment to offering a diverse range of futures trading platforms reflects its dedication to meeting the diverse needs of traders. Whether you are an advanced trader seeking in-depth technical analysis tools or a beginner looking for a user-friendly platform, Cannon Trading has a solution for you. The platforms mentioned above cover a wide spectrum of features, catering to traders with various trading styles and preferences. By providing access to these platforms, Cannon Trading empowers traders to make informed decisions and navigate the complex world of futures trading with confidence.

Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. 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.

Weekly Newsletter – Learn About Commodity Spreads+ Futures Trading Levels for Oct. 2nd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1165

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Important Notices – Trading Contest/Real Cash Prizes
  • Trading Resource of the Week – Trading Commodity Spreads
  • Hot Market of the Week – December Wheat-Corn Spread
  • Broker’s Trading System of the Week – Crude Oil Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

Trading Contest – Win Real Cash Trading Simulated Account!
Energy Futures Trading Competition
Duration 
Start: October 15th at 5:00 PM CT
End: October 27th at 4:00 PM CT
Prizes (Cash Prizes!!)
First Place: $2500
Second Place: $1000
Third Place: $650
Random Selection: $500

Competition Details

  • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
  • All Trading will be in the Front-Month Contract
  • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
  • Top three traders with the highest P&L balance at the end will get a cash prize.
  • One winner will be chosen from the remaining participants to receive a cash prize.
  • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

REGISTER NOW

  • Trading Resource of the Week – Trading Commodity Seasonal Patterns

 

When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.
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  • Hot Market of the Week – December Wheat–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 wheat–corn spread is threatening to negate and break down the September key reversal trade that looks to have failed to stabilize the break. At this point, new sustained lows would project a possible run to the third downside PriceCount objective to the 73 cent 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.
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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.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$31,000.00
COST
USD 100 / 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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  • Trading Levels for Next Week

Daily Levels for October 2nd, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

  • Trading Reports for Next Week

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First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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 judgment in trading.

 

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.

NQ trading at decision levels + Futures Trading Levels for Sept. 29th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Last day of the month tomorrow.

PCE and a few other reports are out.

Nasdaq 100 ( NQ and MNQ) sitting on decision levels in my opinion.

A break below 14720 can trigger a visit to the 14220 area. A close above 14930 can open the door for an oversold rally towards the 15300 area.

See daily chart below.

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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 when it comes to Futures Trading.

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Futures Trading Levels

09-29-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Economic Reports, Source: 

Forexfactory.com

 

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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.

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.