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Tag: Day Futures Trading

Futures Trading Levels, Key to Successful Trading Special Feature

Posted on by Ilan

Special Feature: The Key To Success as a Trader

By: Cannon Trading Staff

What makes one trader successful, while another is not?

futures trading success key

Is it intelligence? No. If it were, then doctors, lawyers, and engineers would make the best traders.

Is it the latest software program? No. If it were then the developers of the “magic black boxes” would be the best traders.

Is it experience? No. If it were then all successful traders would be bald or have gray hair, and we know this is not the case.

Is it those that have inside information? No. Be real. In today’s trading world data and information are global and instantaneous.

What then is the key?

Read the rest of the special feature in our weekly newsletter Continue reading “Futures Trading Levels, Key to Successful Trading Special Feature”

Weekly Newsletter and Futures Trading Levels for November 18th 2010

Posted on by Ilan

Weekly newsletter for your review posted at:
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https://www.cannontrading.com/community/newsletter/
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Futures Trading Levels and Economic Reports for Novemeber 9th 2010

Posted on by Ilan

We started out the week with slow trading day and narrow range on stock index futures.

I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not sufficient enough to confirm a good probability of a correction. However, while the probability for down move is not big, the risk reward with a stop above the previous high is not bad….

SP-500-Day-Trading-2010-11-09

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for Novemeber 9th 2010”

Futures Trading Levels for November 8th, 2010

Posted on by Ilan

Have a great weekend!

GOOD TRADING!

TRADING LEVELS

futures-trading-levels-20101108 Continue reading “Futures Trading Levels for November 8th, 2010”

Futures Trading Levels and Economic Reports for November 5th 2010

Posted on by Ilan

Some potential levels to watch on the way up and/or on pullbacks in the mini Russell WEEKLY chart below:

SP-500-Day-Trading-2010-11-05

Continue reading “Futures Trading Levels and Economic Reports for November 5th 2010”

FOMC to Provide Futures Trading Market with Direction, September 21st, 2010

Posted on by Ilan

FOMC tomorrow around 2:15 Eastern time. Even before that we will start the day with some important housing numbers. FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market. My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. I am including 5 minutes chart from August 10th of this year, which was the last FOMC we had for your reference. Continue reading “FOMC to Provide Futures Trading Market with Direction, September 21st, 2010”

The Return of Traders Should Make for Better Market Rhythm, September 8th, 2010

Posted on by Ilan

“An Odd Rhythm Today After the Long Weekend”

Market had some what of an odd rhythm today after the long weekend. We saw big moves in both currencies and bonds. I think that we should see clearer picture tomorrow as more traders will be back after Labor day + we have a few economic reports while today we did not have any reports.
Some levels to watch for tomorrows action from the hourly chart below.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “The Return of Traders Should Make for Better Market Rhythm, September 8th, 2010”

Will Stock Index Futures Upside Momentum Continue?

Posted on by Ilan

“We are Trading Right Against a Major Retracement Level at 1106.50”

I mentioned a couple of days ago that this morning report will determine if we can reach the 1100’s on the SP. Well the answer turned out to be YES. As always in the futures business the current question of what’s next is more important than the previous one….

Well we are trading right against a major retracement level at 1106.50.

As long as pull backs do NOT break 1093, my bias is to the upside. Tuesday should be interesting as we should get an indication if the upside momentum has more legs or not.

Until then, enjoy the long weekend, recharge. Keep in mind the regular session is closed Monday but there is a night session Sunday night and Monday night. More info below.

SP 500 Day Trading
SP 500 Day Trading

Holiday schedule at:
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https://www.cannontrading.com/community/newsletter/
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Continue reading “Will Stock Index Futures Upside Momentum Continue?”

The Time for Online Futures Trading is Now, August 31st 2010

Posted on by Ilan

“A Recipe for a much Different Trading Day”

We have a full day of reports tomorrow, including FOMC MINUTES. that should be a recipe for a much different trading day than we had today.

I would categorize today’s session, as lower volume, lower volatility but yet wide enough ranges on the stock indices to produce different set ups to go with the reversal trend. If I had to guess for tomorrow session, I would guess higher volatility with swings in both direction. Knowing what type of trading day you are in early enough or the type of personality the market is having on any certain trading day is HUGE in my opinion as different types of trading days require different approaches/ methods and trading style.

Continue reading “The Time for Online Futures Trading is Now, August 31st 2010”

Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010

Posted on by Ilan

“Learn From Mistakes”

We bounced pretty good from major support early this morning. Some levels to pay attention to as we start a new week in the mini Dow chart below. Until then, relax, clear your head from trading, “what you could have done and should have done” etc…..write a journal if needed, learn from mistakes when you can but don’t let negative energy hurt your trading.

Have a great weekend!

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation
YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Continue reading “Monday Looks Like a Great Day for Online Futures Trading, August 30th, 2010”

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.