Tag: Commodity Futures Broker

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 6, 2012
Hello Traders,

Another day of light economic reports ahead of us before we go into a stretch of 3 FULL days of important economic reports with the biggest ones on Friday, monthly unemployment and USDA for the grains.

I think that some days, the biggest challenge a day-trader may have is NOT taking trades when there are no set ups.

I know from experience and talking to clients, that here are days when there very few set ups if at all, but the day-trader feels he or she didn’t do their job because they did not take any trades….at that point, they will look for trades when normally he/she would not take that type of trades. That usually leads to negative results. While it may be frustrating not to have set ups you like, the disciplined trader will continue to wait patiently, as hard as it may be, knowing that “no trade, is better than a bad trade”. This is how I felt about today’s trading in stock indices for most of the day….

Crude Oil on the other hand, had a few good set ups and this is part of the reason I like to follow about 2-4 different markets for day trading. I try to pick markets from different segments, so I will look at either the mini SP or the mini Russell. I like the crude oil market and gold and at times I will take a look at one of the grain markets OR the Euro or any other market that has low correlation with the other ones I look at.

Below is a volume chart from today’s crude oil market using volume charts:

Continue reading “Crude Oil Chart | Support and Resistance Levels”

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Tuesday Morning Support and Resistance”

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Monday Morning Support and Resistance”

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Friday Morning Support and Resistance”

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 2, 2012
Hello Traders,

Cannon Trading is one of the few futures brokers still able to offer Strategy Runner to our clients, if you’re interested in trying a demo contact us today!

You can sign up for a free 30-day demo on our website: https://www.cannontrading.com/platform-strategy-runner.php

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Continue reading “Strategy Runner Announcement | Support and Resistance Levels”

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Wednesday Morning Support and Resistance”

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 29, 2012
Hello Traders,

Many clients have asked me: “What time frame you like to use for your charts?”

And my answer is: it really varies….

It depends if I am in scalping/ short day trading mode, if I am looking for bigger/ larger intraday moves or perhaps Swing trading and it depends on the market I am looking at.

When it comes to the Crude oil market for example I like to look first at the 15 minutes chart, followed by 1300 VOLUME chart.

I like volume charts for intraday, short term type of trades because I think when it comes for quick in and out, volume plays more important part than time. Sometimes market may be slow and with out much action and time charts will simply provide false indicators because certain amount of time has passed and a new bar will draw on the chart. On the other hand there are times when volume pours in, market is fast and moving and if you wait for your 3 or 5 minute chart bar to complete…you may miss the move. That is when volume charts have an edge in my opinion.

If the market is fast and volume is coming in, volume charts will draw faster and provide you with signals faster than time charts.

When it comes to the mini SP I also like to take a look at range bar charts along with variable pivot points, like the one you can see below. Especially the last few months with the tight range in the SP500, range bars can give traders another perspective.

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

If so, please send me an email with the following information:

1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

5. Economic Reports

2:45am EUR
French Consumer Spending m/m

3:55am EUR
German Unemployment Change

5:00am EUR
CPI y/y

5:00am EUR
Core CPI y/y

8:30am USD
Prelim GDP q/q

8:30am USD
Prelim GDP Price Index q/q

9:45am USD
Chicago PMI

10:00am USD
Fed Chairman Bernanke Testifies

10:30am USD
Crude Oil Inventories

2:00pm USD
Beige Book

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Continue reading “Tuesday Morning Support and Resistance”