Tag: Commodity Futures Broker

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 – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday April 19, 2012

Hello Traders,

Not much to share today as far as trading tips so I decided to include an hourly chart of the mini SP 500 for your review along with possible support and resistance lines.

Don’t forget earning season is at it’s peak and we have a full day of economic reports tomorrow.

Be patient, be disciplined and trade well.

Continue reading “Hourly Mini SP 500 Chart | Support and Resistance Levels”

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 Reports for Wednesday April 18, 2012

Hello Traders

On a different note, I keep getting amazed at how big of a role PATIENCE AND DISCIPLINE play in this tough game called trading….

Many times it is quite easy to see from the SIDELINES….but when you trade and see no set ups, that “bad little voice inside of you” tells you to look for trades when there are none that fit your criteria….

Today was no different….if you use a similar trading style to what I like to look for, counter trend, you would have to wait until the last hour or almost the last 30 minutes to get a good set up which aligned both my 15 min chart and my 3 min chart for a good short on mini Russell. Until that point, my “biggest fight” was with myself not to get into a trade simply to feel that I am trading when my indicators and rules told me not to…

I know that those of you who trade and day-trade know what i am referring to so print out a big note and stick it to your computer screen that says: ” TRADING IS WAITING”…..

Last but not least, I have been “playing” with a new study in sierra charts or actually new chart type in sierra 833 and higher called RENKO in ticks.

I have set up my chart page with 3 markets I follow the most : crude, gold and mini SP and will follow it in real-time in the next few days to get a feel for the type of signals it produces.

Below is a screen shot from earlier today for the mini SPs

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? Continue reading “Patience and Discipline in Futures Trading | 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

Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

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 Monday April 16, 2012

Hello Traders

Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis

Join us for a Webinar on April 17 8:15 AM central time

Space is limited.

Reserve your Webinar seat now at:

https://www2.gotomeeting.com/register/228463594

Cannon Trading is hosting Thomas DeLello, Founder and Head Trader at Order Flow Edge for a webinar – Order Flow Edge and understanding supply and demand

OrderFlowEdge is headed by 15 year veteran trader Thomas DeLello.

Thomas trades look for low risk profits as a function of trading what is real. By basing his market decisions on simple, objective ways in which to quantify Supply & Demand he effectively eliminates subjective emotions from his trading.

Thomas is very active in the ES S&P eminis and the Forex spot currency markets. He also trades currency futures, oil futures, and bond futures.

In this webinar you will learn:

* that Order-Flow is the driving force in the market. Change in order-flow precedes change in price.

* Understanding current supply and demand conditions in the market is the key

* How changes in order flow affect price

* Understanding current supply and demand conditions in the market.

* Identifying supply and demand imbalances in the market.

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

Risk: 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.

Title: Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis

 Date: Tuesday, April 17, 2012

 Time: 8:15 AM – 10:00 AM CDT

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements

PC-based attendees

Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees

Required: Mac OS® X 10.5 or newer

Continue reading “Cannon Trading is hosting Thomas DeLello | 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 Numbers”

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 Monday April 16, 2012

Hello Traders

Tuesday morning right on the open we will host Thomas DeLello, Founder and Head Trader at Order Flow Edge for a webinar – Order Flow Edge and understanding supply and demand

Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis

Join us for a Webinar on April 17

Space is limited. Reserve your Webinar seat now at:

Cannon Trading is hosting Thomas DeLello, Founder and Head Trader at Order Flow Edge for a webinar – Order Flow Edge and understanding supply and demand

Also monthly global outlook for April-May is now available at:

Wishing all of you a great weekend! Continue reading “Earnings Season Financial Markets | 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 “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 Thursday April 13, 2012

Hello Traders

Only one tip to share with you today….if you having a bad day as a daytrader, make sure it does NOT “kill” you and that you are disciplined enough to limit your losses. This way you still have risk capital in the account to be there for the good days. However, one mistake I keep seeing from traders ( mostly new traders ) is the inability to TAKE losses. Especially on a day like today where stock index kept going up, I saw too many traders try to counter trend ( which is a type of daytrading approach) but I did not see the risk mechanism in their trades, i.e “how much am I willing to risk”? That can end up being a day where one can lose 70% + of your account value and then you are left with no ammunition for the following trading day.

NO ONE HAS 100% winning record. You will have losing days, it is part of the game. Learn to control your losing days and you will have better chances of surviving and being there for better trading days.

Continue reading “Coping With Losses As A Futures Day Trader | 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 “Thursday 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 Wednesday April 11, 2012

Hello Traders

Daily chart of the mini SP 500 below for your review along with potential support and resistance levels. Today was the first day in a while where we saw high volume and meaningful decline in price., Continue reading “Mini SP Chart High Volume Day | Support and Resistance Numbers”