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Tag: Commodity Future Trading

Rollover for Futures Mini Indices & Economic Reports 6.13.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 13, 2014

Hello Traders,

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

 

FRONT MONTH for stock index futures and currencies is now SEPTEMBER.

Make sure you are trading the September contract.

I was asked this morning, “what futures markets would you recommend a newcomer to start with?”

 

While the answer will vary based on perspective trader risk capital, risk tolerance, personality etc. I do think that there are a few markets that might be a better start for first time futures day trader.

 

I personally would say, leave the mini SP alone. Yes it has the biggest volume but there is quite a bit of size on the bid/ask that may make this frustrating for new traders.

My favorite markets to share with first time traders are:

 

mini Dow

ten year notes

and

mini crude/ mini gold

 

The mini Dow moves similar to mini SP but the value per point/tick is smaller, still has good volume but not as hard to get filled on the limits as the mini SP.

 

The 10 year notes are usually less volatile than the other markets mentioned. Completely different type of trading personality and offer a good diversification option for new traders and experienced traders and they trade in halves, so each tick is $15.625 versus each tick of the 30 years which is worth $31.25.

 

The mini gold and mini crude are another good option because it is the smaller contract size of two markets that can really move, offer volatility and RISK but the availability of the mini sized contracts make these two a better option for beginners until one has experience / risk capital and appetite for the standard contract sizes of gold and crude oil.

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Rollover for Futures Mini Indices & Economic Reports 6.13.2014”

Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday February 12, 2014

Hello Traders,

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

 

Trader Planet

 

Voted Best Blog 2013 by Trader Planet

Thanks everyone who voted!! Appreciate your help in winning the #1 blog for futures trading by Trader Planet!! Please feel free to forward our daily blog to friends and other fellow traders who might be interested.

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

More than a few similarities between the two markets.

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

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

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

Both markets were quiet today relatively speaking but even on a quiet day, the range on gold was  $21 or = $2100 wide using one futures contract. Crude ranges today was less than $1 or about $890 between hi/lo.

I like using overbought/ oversold indicators on the two markets as well as using range / Renko charts.

If you never traded these markets before, I highly recommend exploring in simulation/ demo mode. get a feel for the explosiveness, volatility, personality for a few weeks before trying in live mode.

As always, any questions, please feel free to email me.

Two charts from today’s session of gold and crude for your review below ( if you like to try the charts I am using along with indicators displayed, send me an email):

 

Crude 18 ticks range bar Feb. 11th 2014

CLE - Crude Lights (Globex), Equalized Active Continuation - Range Bar 18 Ticks Units

Gold, 36 ticks range bar Feb. 11th 2014

 

GCE - Gold (Globex), Equalized Active Continuation - Range Bar =, 18 Ticks Units
GCE – Gold (Globex), Equalized Active Continuation – Range Bar =, 18 Ticks Units

Continue reading “Crude Oil and Gold Futures Chart, Futures Levels and Economic Reports 2.12.2013”

Futures Trading Solutions, Futures Levels & Economic Reports 1.09.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday January 10, 2014

Hello Traders,

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

Monthly unemployment report comes out tomorrow morning, this is a market moving report, please be aware. My recommendation is that if you are a day-trader, wait for AFTER the report before starting to day-trade. 

Make  2014 your BEST trading year yet and start by becoming a client of Cannon Trading, I would like to invite you to visit our website, email us and learn more about our:
1. Superior service
2. One of the largest selection of trading platforms
2 a. Multiple data feeds for Ninja Trader
3. Competitive pricing and some of the lowest day-Trading margins
4. Broker assist and trading systems available
5. Collection of added value tools we offer to clients and prospects since 1988!

 

Visit: Cannon Trading Website!  or simply reply back with any questions you may have.


I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

 

Trader Planet Awards

 

Continue reading “Futures Trading Solutions, Futures Levels & Economic Reports 1.09.2014”

New Years 2014 – Futures Trading Schedule

Posted on by Ilan

New Year’s Schedule

Tuesday, December 31, 2013

 

CME & CBOT Equity Products

4:15 Central Time, Regular close

CME & CBOT Interest Rate & Currency / FX Products

4:00 Central Time, regular close

NYMEX, COMEX Products

4:15 Central Time, regular close

CBOT, KCBT Grain & Agricultural Products

Regular close per each product schedule

Other CME Group Products

Regular close per each product schedule

ICE Futures US

Softs, Grains. Oilseed & CCI Index & Russell contracts

Regular hours

Fin & Index

12:15 Central Time
Fin Gas, Power & Emissions

1:00 Central Time

 

Wednesday, January 1, 2014

 

CME & CBOT Equity Products

CME & CBOT Interest Rate & FX Products

NYMEX, COMEX Products

CBOT, KCBT Grain & Agricultural Products

New Year’s Day Observed – Globex closed

ICE Futures US
Softs, U.S. Grains and Oilseeds, FOREX, INDEX & FIN Gas Power and Emissions: New Year’s Day Observed – all closed

 

Thursday, January 2, 2014

CME & CBOT Equity Products

5:00 Central Time modified open

CME & CBOT Interest Rate & Currency / FX Products

5:00 Central Time modified open

NYMEX, COMEX Products

Regular open for trade date Thursday, Jan. 2nd : 5:00 P.M. Central Time / 6:00 P.M. Eastern Time

CBOT, KCBT Grain & Agricultural Products

8:30 Central Time grain markets open

Other CME Group Products

9:00 Central Time Lumber Futures & Options

9:05 Central Time Livestock Futures & Options

 

ICE Futures US

Softs, Grains. Oilseed & CCI Index regular open
Fin & Index regular open
Fin Gas, Power & Emissions regular open

For more information, please visit: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-new-years.pdf

For more information, please visit: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

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.

 

ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday December 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Rollover Notice for Stock Index Futures

Important Notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, December 12th, is rollover day.

Starting December13th, the March 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2014 contract as of December 13th. Volume in the December 13 contracts will begin to drop off until its expiration on Friday December 20th.

The month code for March is H4.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open December Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.

Continue reading “ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013”

Futures Trading Systems, Futures Levels & Economic Reports 12.11.13

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday December 11, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

A quick note about trading systems.

I know most of you are what i consider self directed traders. You like to make your own decisions of when to buy/ sell/ markets etc.

Some of you may have tried different automated trading systems in the past and some may be currently trading some systems. i think that if one has the risk capital and does the due diligence, there are some good systems out there which can be used as diversification to your own trading and/ or as a form of more aggressive investment.

I do want to bring to your attention two trading systems I personally really like and have been impressed with the results.

One is a medium term system/model that works with seasonal spreads. We have clients in this office who been trading these spreads for years and will be more than happy to share additional details for those of you who are interested.

The second is a day trading system that finishes each day flat. It does not trade often, avg of about 2 trades a day. it picks trades from about 20 different futures markets and is offered as auto trade here at cannon trading. Again, I am quite impressed with the results so far and will be happy to share more with interested clients prospects.

Please email me with any questions/ interest on the topic above and I will be happy to assist!

Continue reading “Futures Trading Systems, Futures Levels & Economic Reports 12.11.13”

STAR AWARDS – Trading Levels & Economic Reports for 12.03.2013

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday December 3, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

I was informed Friday that our blog is being nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into it is not going unnoticed!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

http://www.traderplanet.com/l/WEd

Trader Planet Award

Continue reading “STAR AWARDS – Trading Levels & Economic Reports for 12.03.2013”

Thanksgiving Holiday Futures Trading Schedule 2013

Posted on by Ilan

Thanksgiving Holiday Futures Trading Schedule 2013 for CME / Globex and ICE Exchanges

All times listed as Central Time

CME Globex & CBOT Equity Products

Wednesday, Nov 27

4:15 CT – Regular close

5:00 CT – Regular open for trade date Friday, Nov 29*

 

Thursday, Nov 28

5:15 CT – Regular open – USD – Ibovespa Futures open for trade date Friday, Nov 29

10:30 CT – Trading halt

• Order entry, modification and cancellation allowed

5:00 CT – Halted products resume trading

Friday, Nov 29

5:15 CT – Regular open – USD – Ibovespa Futures

8:15 CT – Regular close – Big Equities (SP, MD, ND, SMP, ZD)

12:15 CT – Early close

CME Globex & CBOT Interest Rate & FX Products

Wednesday, Nov 27

4:00 CT – Regular close

5:00 CT – Regular open for trade date Friday, Nov 29*

Thursday, Nov 28

12:00 CT – Trading halt

• Order entry, modification and cancellation allowed

5:00 CT – Halted products resume trading

Friday, Nov 29

12:15 CT – Early close

*Note: Session orders entered after 4:45 CT / 5:45 ET on Wednesday are for trade date Friday, Nov 29 and will continue working until Friday’s close unless otherwise noted.

Continue reading “Thanksgiving Holiday Futures Trading Schedule 2013”

Gold Daily & Trading Levels & Economic Reports 11.13.2013

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday November 13, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Gold and Silver took a hit today, selling off 1% and 2.5% respectively.

Gold and silver are much different markets in my opinion than mini SP or us tbonds for example. Gold, silver and crude oil for that matter are quite volatile with fear and greed playing a bigger role than in other markets. I have seen these markets make some very large moves intraday at times.

I do think that both gold and crude oil are GOOD markets to observe as potential for day-trading as long as you use stops…if you are a trader that “uses mental stops” , these markets are not for you…Good news is that both crude and gold have a mini contract .

Gold chart for your review below with some possible levels to watch for:

GCE - Gold (Globex), Equalized Active Daily Continuation
GCE – Gold (Globex), Equalized Active Daily Continuation

Continue reading “Gold Daily & Trading Levels & Economic Reports 11.13.2013”

Real Time Trade Alerts & Futures Levels & Economic Reports for 11.08.2013

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday November 8, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

BIG DAY tomorrow. Many reports including monthly unemployment figures. Be ready for higher volatility.

To continue on what i wrote yesterday regarding volume / range charts and using overbought / oversold indicators, below you will see 36 ticks range bar chart of gold futures from today’s session. The example below is of a good day for the model ( two sided trading ranges with volatility) and there are bad days just as well ( strong, one sided trend days).

 

Gold Futures
Gold Futures Trading Chart

 

The charts are sierra charts and the signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.

The concept is a simple concept that looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred (crossing of the hull moving average). Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.

Would you like to have access to the DIAMOND and TOPAZ and 5T 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 three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts. The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.

Continue reading “Real Time Trade Alerts & Futures Levels & Economic Reports for 11.08.2013”

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.