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Tag: day trading

Add price confirmation workflow for signal-based intraday trading PLUS: Pre-Market Briefing PODCAST, July Coffee, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 27th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4420.60 4464.50 4523.90 4567.80 4627.20

Silver (SI)

— July. (#SI)

 73.96 75.66 77.45 79.15 80.94

Crude Oil (CL)

— July. (#CL)

 87.26 90.40 92.55 95.69 97.84

 June Bonds (ZB)

— June. (#ZB)

 111  6/32 111 21/32 112 4/32 112 19/32 113 2/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
    • position size
    • stops
    • targets
    • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
  • used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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July Coffee

July Coffee satisfied the second downside PriceCount objective and is showing some stability. At this point, IF the chart can resume its break with new sustained lows, the third count would project a possible slide to the 215.65 area.
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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.

Cannon Edge — Your Daily Futures Snapshot for May 27th
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Daily Levels for May 27th
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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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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.
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12100 Wilshire Blvd.

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Los Angeles, CA 90025 US

How Day Traders Can Use Our CannonEdge Snapshot PLUS: July KC – Chicago Wheat Spread, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on May 21st, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4417.57 4483.53 4520.97 4586.93 4624.37

Silver (SI)

— July. (#SI)

 71.95 74.12 75.56 77.72 79.16

Crude Oil (CL)

— July. (#CL)

 92.47 95.52 99.98 103.03 107.49

 June Bonds (ZB)

— June. (#ZB)

 108 30/32 109 30/32 110 15/32 111 15/32 112

Today’s question by a client:

If I am a day trader, how should I use the Cannon Edge table you share daily?

day trader

  • Highlight markets where ST = LT

  • Decide bias (long or short)

  • Ignore the opposite side unless extreme setup

  • Use key levels (30-day / 52-week) as targets

  • Execute using your intraday system

  • Avoid markets with conflicting trends unless scalping

What the Cannon Edge Table Actually Gives You

From the screenshot, each market shows:

  • Close & Today’s Change → very short-term momentum
  • 30-day / 52-week highs & lows → key reference levels
  • Short-Term Trend (Up/Down arrows)
  • Long-Term Trend (Up/Down arrows)

In simple terms:

  • Short-term trend = tactical bias (today–this week)
  • Long-term trend = structural bias (bigger picture)
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⚡ How a Day Trader Should Use It (Practical Playbook)

1. Start Every Morning with a Bias Map

Tell your client:

“The table helps you decide what side of the market you want to be on, not where to click buy or sell.”

Example from the image:

  • S&P (EP):
  • Short-term: ⬆️
  • Long-term: ⬆️
  • ✅ → Strong alignment → Look for LONGS intraday
  • Natural Gas (NGE):
  • Short-term: ⬆️
  • Long-term: ⬇️
  • ⚠️ → Conflict → Expect chop / quick trades only

2. Trade WITH Alignment = Higher Probability

This is the most important rule:

✅ When BOTH trends agree:

  • Focus heavily on that direction
  • Be more patient for entries
  • Hold winners longer intraday

From the table:

  • Nasdaq (ENQ): ⬆️ / ⬆️
  • Soybeans (ZSE): ⬆️ / ⬆️

These are your “A setups” markets

3. When Trends Conflict → Scalp Mode

⚠️ Short-term UP + Long-term DOWN:

  • Rally = likely resistance
  • Look for fades or quick longs only

⚠️ Short-term DOWN + Long-term UP:

  • Pullback environment
  • Look for dip buys (but not breakouts)

Example:

  • Crude Oil → short-term up, long-term down
  • Expect failed breakouts / range behavior

4. Use High/Low Levels as Intraday Targets

The table gives:

  • 30-day highs/lows
  • 52-week highs/lows

These are institutional reference points.

How a day trader uses them:

  • If price approaches:
  • 30-day high → watch for breakout or rejection
  • Prior range extremes → profit targets

Example:

  • ES near 7483.75 (52-week high)
  • → If price gets close intraday = big decision zone

5. Combine With Your Entry System (Critical)

The table does NOT replace execution tools.

Day trader should still use:

  • Order flow / DOM
  • VWAP
  • Opening range breakout
  • Support/resistance
  • Volume imbalances

The table answers: “Should I be looking long or short today?”

Your execution answers: “Where exactly do I enter?”

6. Filter Markets (Massive Edge)

A lot of traders overtrade.

Use the table to:

  • Pick 2–4 markets max
  • Focus only on those with:
  • Alignment
  • Strong daily moves
  • Clean structure

Example shortlist from your image:

  • ENQ (Nasdaq)
  • SIE (Silver)
  • ZSE (Soybeans)

7. Momentum Confirmation (Today’s Change Column)

  • Strong green + uptrend → continuation likely
  • Weak / mixed → avoid or reduce size

Example:

  • Cocoa (CCE): -4.64% → High volatility → great for fast trades but risky

July KC – Chicago Wheat Spread

The July KC – Chicago Wheat Spread activated downside PriceCounts on the correction and has completed the first target near 39. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from this level. If the chart can sustain further weakness, the second count would project a possible slide to the 28 area. It would take a trade below the March reactionary low to formally negate the low percentage fourth upside target.
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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.

Cannon Edge — Your Daily Futures Snapshot for May 21st
48628591 76c8 42c3 80c5 3ca5d3a123ae

Daily Levels for May 21st
01d83fda 6d65 44e8 be79 8e7cfe8e536f

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Add price confirmation workflow for signal-based intraday trading PLUS: July Copper, Pre-Market Briefing PODCAST, CannonEdge Snapshot, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 13th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4580.07 4653.13 4718.27 4791.33 4856.47

Silver (SI)

— July. (#SI)

 82.04 84.73 86.37 89.06 90.70

Crude Oil (CL)

— June. (#CL)

 96.30 99.33 101.02 104.05 105.74

 June Bonds (ZB)

— June. (#ZB)

 111 21/32 111 31/32 112 15/32 112 25/32 113 9/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.

  • The core behavior is to wait for the market to respect the signal before entering:

  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.

  • Demonstrates how the signal indicator can be paired with additional visual context, including:

  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.

  • Reinforces that the trader still needs to manage:

  • position size
  • stops
  • targets
  • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.
  • used as a discretionary visual aid and not as a hard entry/exit requirement.

  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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July Copper

July Copper satisfied its first upside PriceCount objective earlier this year and corrected. Now, the chart is threatening to break out where new sustained highs would project a possible run to the second count to the 7.14 area.
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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.

Cannon Edge — Your Daily Futures Snapshot for May 13th
93f5f3ad a1ea 4673 8857 6487382c778d

Daily Levels for May 13th
3a6c5caa 68d3 4d7e 9e1c f4039c89ee01

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
b4f67d57 dced 4247 b0fb ea8c1887f787

Find us on Trustpilot
41a3c910 28d6 4126 946b 6659bb02ae4d

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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Services
Software
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Contact
Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Add price confirmation workflow for signal-based intraday trading PLUS: June Treasury Bonds, CannonEdge Snapshot, Pre-Market Briefing TEXT AND PODCAST, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on May 6th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4487.17 4526.43 4561.97 4601.23 4636.77

Silver (SI)

— July. (#SI)

 71.74 72.52 73.58 74.36 75.42

Crude Oil (CL)

— June. (#CL)

 98.71 100.73 103.11 105.13 107.51

 June Bonds (ZB)

— June. (#ZB)

 111 29/32 112 9/32 112 18/32 112 30/32 113 7/32

Add price confirmation workflow for signal-based intraday trading

intraday

Overview

  • Introduces a price confirmation concept for intraday/day trading workflows so signals are not acted on immediately.
  • The core behavior is to wait for the market to respect the signal before entering:
  • For a sell signal, confirm by breaking below the previous bar low.
  • For a buy signal, confirm by breaking above the previous bar high.
  • Helps filter out weak or premature signals and encourages more patient trade selection.
  • Demonstrates how the signal indicator can be paired with additional visual context, including:
  • Color Bars turning red/blue/black to help identify trend continuation or weakening momentum.
  • Trailing-stop management once the trend begins to fade or reverse.
  • Reinforces that the trader still needs to manage:
    • position size
    • stops
    • targets
    • trade exits
  • Includes a practical example on a 10-minute Nasdaq futures chart showing both a failed signal without confirmation and a successful trade after confirmation.

Assumptions

  • The PR is intended to document or implement the trading rule described in the Loom rather than change exchange/order-routing logic.
  • Signal generation already exists; this change adds a confirmation step before a trade is considered valid.
  • The previous bar high/low is the intended confirmation reference for both long and short setups.
  • Color Bars are used as a discretionary visual aid and not as a hard entry/exit requirement.
  • This workflow is meant for educational or discretionary trading use and does not guarantee profitability.

Watch Video below and sign up for a free trial HERE
Price Confirmation
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June 10 Year Treasury Bonds

The June 10 Year Treasury Bonds corrected after completing the first downside PriceCount objective in March. Now, the chart is threatening to break down where new sustained lows would project a possible run to the second count to the 108^22 area.
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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.

Cannon Edge — Your Daily Futures Snapshot for May 6th
19deb9a7 14d9 4736 a55c cb75f4c02a33

Daily Levels for May 6th, 2026
64f58c6c a5cd 4079 9297 251f419aa0dd

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
972fbc9c c06b 467f 8658 14de6345c6e0

Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Day Trading Futures on the Last Trading Day of the Month PLUS: Pre-Market Briefing REPORT & PODCAST, CannonEdge Snapshot, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows Before Trading Futures on April 30th, 2026

Posted on by Cannon Operations
9dc1e02e d5f7 4ff4 abf7 1df60775f196

At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— June (#GC)

 4468.63 4517.17 4570.73 4619.27 4672.83

Silver (SI)

— July. (#SI)

 69.48 70.77 72.60 73.88 75.71

Crude Oil (CL)

— June. (#CL)

 94.89 101.42 104.96 111.49 115.03

 June Bonds (ZB)

— June. (#ZB)

 111 27/32 112 9/32 113 113 14/32 114 5/32

Day Trading Futures on the Last Trading Day of the Month

day trading

The final trading day of the month often brings non‑typical price action as institutional players rebalance portfolios, roll contracts, and manage exposure. For day traders, that means adapting expectations and tightening execution.

What to keep in mind:

  • Order flow can be irregular. Month‑end moves are often flow‑driven, not technical, leading to sharp spikes and sudden reversals.

    • Let price action confirm before committing size.

  • Volatility tends to rise late. The final hour can be more active than usual, especially in equity index and rate futures.

    • Stay alert into the close.

  • Key levels matter—but not always cleanly.

    • Prior highs/lows and VWAPs often act as magnets or pivot zones rather than straightforward breakout points.

  • Watch for false breakouts. Stops are frequently run around obvious levels, only for price to snap back.

    • Confirmation matters more than speed.

  • Mind liquidity and sizing. Contract volume can shift around month‑end.

    • Trade the most liquid contract and consider scaling down.

Bottom line: The last day of the month rewards patience, flexibility, and strong risk control.

Trade what you see, not what you expect—and remember that sitting out is also a position.
day trading

Cannon Edge — Your Daily Futures Snapshot for April 30th
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Daily Levels for April 30th, 2026
4a9684c4 050d 4d99 a98f adf5644f9cfb

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)
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Find us on Trustpilot
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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.
Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!
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Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

Iran – Israel Conflict, July Class III Milk, Day Trading Futures Pt. 2; Your 3 Need-To-Knows for Trading Futures the Week of June 23rd, 2025

Posted on by Cannon Operations

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Cannon Futures Weekly Letter

In Today’s Issue #1247

  • The Week Ahead – Israel – Iran, End of Quarter 2, Powell Testimony

  • Futures 102 – Podcast – Day Trade Futures?

  • Hot Market of the Week – July Milk

  • Broker’s Trading System of the Week – Mini Dow Jones Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Iran – Israel Conflict

iran

Treachery in the Middle East, 2-day Fed Chair Powell congressional testimony (historically more volatility on day 1), Heavy Fed Speakers and the end of Quarter # 2, 2025.

Remember that current market drivers for Equities are hard data on Jobs, Inflation, Trump tweets and Geopolitics, clearly the Isreal/Iran conflict jumps to the top of the list here.

Continued volatility to come as next week all markets will be reacting to whatever comes out of the Israel/Iran conflict, The FRB, U.S. Govt leadership relating to conflicts cessation and trade deals.

Earnings Next Week:

  • Mon. KB Home
  • Tue. Fedex, Carnival
  • Wed. Micron, General Mills
  • Thu. Nike, Walgreens
  • Fri. Oracle

FED SPEECHES: (all time CDT)

  • Mon.  Waller 2:00am (from the Central Banking conference in Prague), Bowman 9:00        am, Goolsbee 12:10 pm, Kugler 1:30 pm
  • Tues. Hammack 8:15 am, Chair Powell Congressional Testimony 9:00 am (House), Williams 11:30 am, Collins 1:05 pm, Barr 3:00 pm
  • Wed. Chair Powell Congressional Testimony (Senate) 9:00 am
  • Thu.  Barkin 7:00am, Hammack 8:00am, Barr 12:15pm
  • Fri.   Williams 6:30 am, Cook and Hammack 8:15 am

Economic Data week:

  • Mon. SP composite PMI, Existing Home sales
  • Tue.  RedBook, Case-Schiller Home data, CB Consumer Confidence, Richmand Fed,
  • Wed. Building Permits, EIA Crude oil stocks, New Home Sales
  • Thur. Chicago Fed Index, Core PCE, Durable Goods, GDP Growth Final, Retail Inventories, Pending Home Sales, EIA NAT GAS Storage,
  • Fri. Core PCE, Mich. Consumer Sentiment,
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Ask a Broker: What is Day Trading Futures, Part 2?

Watch Video Now 
Ask a Broker: Why Trade Bitcoin Futures?

Hot Market of the Week

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.

Free Trial Available

July Class III Milk

July class III milk continues to slide and has negated the remaining unmet upside PriceCount near 23 cents (not shown for presentation purposes) with the trade below the late April reactionary low. At this point, the chart would need to violate the contract low before it could take aim at the third downside count to the 16.89 area.
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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.

Brokers Trading System of the Week

Position Trading Cont v.3_ E-mini Dow Jones YM

Markets Traded:   YM – Mini Dow Jones

System Type: Swing Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $25,000

Developer Fee per contract: $140.00 Monthly Subscription

Get Started

Learn More
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Disclaimer: The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent 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 backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Trading Levels for Next Week

Daily Levels for June 23rd, 2025
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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

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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.
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Day Trading Margins, June Milk Class III, CME Trading Challenges; Your 3 Important Need-To-Knows for Trading Futures on May 21st, 2025

Posted on by Cannon Operations

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Margins

SPAN and Day Trade Margins

by John Thorpe, Senior Broker

margins

Dive into Margin creation

Day trade margins are back to “normal” day trade valuations.

Remember Trump highlighted the need to pass and extend his 2017 tax cuts which are set to expire at years end if a new bill wasn’t passed to extend those tax credits.

Well, we are on the doorstep of that request.  Watch for equity index strength if it passes in the house this week and weakness if it doesn’t. Memorial Day weekend was his target to have the legislation passed.

A quiet data day tomorrow.

On a different note, I hear a lot about from my day traders want to understand more clearly how margin is set and when can we expect reduced day trade margins.

Here’s the short version: Margins are set by the exchange based on a number of factors then the clearing houses adjust day trading parameters based on the exchange Initial margin. Volatility is the biggest factor to affect exchange minimum initial margin.

Here’s the long story from the CME:

https://www.cmegroup.com/solutions/risk-management/performance-bonds-margins/span-methodology-overview.html

Market volatility is here to stay for the foreseeable future with it’s ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal ( pre tariff talk normal)

Tomorrow:

Econ Data:  EIA Energy stocks.

FED Speak: One speaker Barkin @ 11am CT

Earnings: TJ Max, Lowe’s, Medtronic, Target

Tariff news:  Anything goes!

SPAN Methodology Overview

CME SPAN is a market simulation-based Value at Risk system that allows you to assess risk on a portfolio basis. Explanations and examples of risk arrays and SPAN analysis are included.
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June Milk

June class III milk satisfied its second upside PriceCount objective and is correcting. At this point, IF the chart can resume its rally into new sustained highs the third count would project a potential run to the 20.55 area.
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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.

Daily Levels for May 21st, 2025
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)
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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.
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Day Trading Margins, June Mexican Peso; 7 Key Insights for Smarter Futures Trading Amid Strong Market Swings

Posted on by Cannon Operations

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Day Trading Margins; June Mexican Peso

day trading margins

Day Trading Margins

In recent weeks on various days, market volatility and the commensurate risks of trading have soared. Daily price ranges for assets like the major stock index futures (S&P 500, Nasdaq 100, Dow Jones, Russell 2000), gold, crude oil, the U.S. Dollar Index & foreign currency futures have awed market participants.

For example, June gold futures closed on nine days this month with a >$100 per ounce price range, a $10,000 per contract move between its daily high and low trades. Even less-reported markets like cattle, cocoa and coffee have made major daily price moves, often in multiday streaks.

As a result, the major exchanges where these market trade, i.e., CME Group and ICE, have increased the day trading margin requirements for many of the futures contracts exhibiting these outsize moves. As well, clearing firms have followed with increases in the margins required to trade these futures contracts intraday. These are their day trading margins.

It is obviously important for traders to know the risks involved in trading and that includes knowing the day trading margin requirements for the futures contracts you’re trading. The exchanges’ margin requirements are applied to all futures contracts uniformly for trades held overnight or longer. 

On the other hand, day trading margins can differ among clearing firms. Also, some days clearing firms will set day trading margins differently at different times of the day. For example, day trading margins may be set higher during the nighttime hours of the day and reduce them during daytime hours.

Moreover, clearing firms determine day trading margins in different ways. Some set a “flat rate” for day trading margins, others calculate it as a percentage of the exchanges’ margin requirements.

Before you enter any futures position, plan your trade, including check know the margin requirement and day trading margin requirement of the futures you’re about to trade. Definitely get in touch with your Cannon broker for any assistance with these.

Day Trading Margins
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June Mexican Peso

The June Mexican Peso completed its first upside PriceCount objective and has turned sideways in a consolidation trade. From here, if the chart can sustain further strength into new highs, the second count would project a possible run to the 52.47 area.
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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.

Daily Levels for May 1st, 2025
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Click here for quick and easy instructions.
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Economic Reports

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All times are Eastern Time (New York)
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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.
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Market Prep: Last Trading Day of February, March Bitcoin, PCE Report & Key Trading Checklist

Posted on by Jenny Collins

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Different Markets for Day Trading, March Bitcoin

bitcoin

March Bitcoin:

Tomorrow is the last trading day for February. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.

Also tomorrow is PCE ( Personal Consumption Expenditures, an inflation indicator watched closely by the market).

Last but not least if you are trading bonds and ten years, time to trade the June contract.

Day Trading

Trader’s Check List:

·        Review prior day statement

·        Check for any working orders on your platforms.

·        Be aware of contract rollover dates

·        Set a daily loss limit and learn NOT to overtrade

·        Understand what reports are coming out today

·        Make sure you are not distracted

·        Calculate appropriate trading size based on current volatility and account size

·        Start with Larger Time Frame charts to get proper perspective

·        Understand what your goal is

·        Measure your success or lack of

·        Spend time furthering your trading education and exploring different methods

·        Put trading in perspective and make sure the overall psychology of trading fits you.

 

 

 
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March Bitcoin

The rally in March bitcoin ran out of momentum, leaving behind an interim top in December. Now, on the correction lower, the chart has activated downside PriceCount objectives. The first count has been completed. IF you can sustain further weakness, the second count would project a possible slide to the 76,000 area..

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Daily Levels for February 28th, 2025

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Economic Reports

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All times are Eastern Time (New York)

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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.
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Treasury Bonds & Notes make Bold Moves!

Posted on by Jenny Collins

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Treasury Bonds Notes
Treasury Bonds

 

Treasury Bonds, Notes

Treasury Bonds & Notes – Different market, different trading environments

Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP) is not giving you enough risk/opportunities, then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.

There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.

Interest rates, mostly the ten year and 30-year.

In most platforms, the symbols are ZB for 30-year bonds and ZN for 10-year notes.

Product Symbol

ZB

Treasury Bonds

Contract Size

The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof

Price Quotation

Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.

Product Symbol

ZN

Underlying Unit

One U.S. Treasury note having a face value at maturity of $100,000 < Treasury Bond.

Price Quote

Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.

Tick Size

(minimum fluctuation)

One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).

Contract Months

The first five consecutive contracts in the March, June, September, and December quarterly cycle.

These contracts are often affected by many of the economic reports that come out at 8:30 Am Eastern and there is very active volume between the hours of 8 am EST and 3 PM EST

Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 1,300,000 contracts.

These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.

Another advantage for these markets is that the exchange fees per trade are LOWER than the ones on the stock index futures.
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May Sugar Chart for your review below!

May sugar is completing its second upside PriceCount objective to the 19.96 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. At this point, if the chart can sustain further strength, the third count would project a possible run to the 21.57 area which is consistent with a challenge of the fall highs.

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Daily Levels for February 25th, 2025

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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.
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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.