World Cup Championship + Levels & Economic Reports for September 26th 2017

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The World Cup Championship of Futures Trading is proud to announce
The Q4 Equity Index Futures Trading Championship.

This is a Real Time, Real Money Event Featuring CME Group® Equity Index Futures & Options Products including:

     E-Mini Russell 2000
E-Mini S&P 500
E-Mini NASDAQ100
E-Mini Dow
NIKKEI 225 and more…

For more details please click here: https://www.cannontrading.com/tools/worldcup

Futures and forex trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product. CME Group is the trademark of CME Group, Inc. The Globe logo is a trademark of Chicago Mercantile Exchange, Inc. Continue reading “World Cup Championship + Levels & Economic Reports for September 26th 2017”

Auto Trading Systems and Levels for 9.20.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Front month for crude oil futures is now November(X).

Currencies, Stock Indices, Metals(call your broker for liquid Platinum contract months), Financials are all the December contract. Z= December.

An excellent read from the Wall St. Journal:  https://www.wsj.com/articles/your-tolerance-for-investment-risk-is-probably-not-what-you-think-1505096160?mg=prod/accounts-wsj

And last but not least, have you explored our menu of automated trading systems?

look at live results, back test results, filter out by markets, strategy and MUCH more. Start exploring here.

Continue reading “Auto Trading Systems and Levels for 9.20.2017”

Gold Outlook and Levels 9.19.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Front month for crude oil futures is now November.

The October crude oil is going into delivery so be aware and start trading the November contract. ( X= November)

Currencies, Stock Indices, metals, financials are all December contract. Z= December.

We are here to help. If you are not sure what month to trade or just need someone to talk about the markets, give us a call or reach out to us via the web.

Futures trading is not easy, no need for you to trade all alone. use us and our combined resources and experience.

On a different note, you can read my latest speculation regarding gold futures at:

https://www.equities.com/news/gold-prices-moving-higher-or-taking-a-break

Continue reading “Gold Outlook and Levels 9.19.2017”

Traders Interviews + Levels for 9.14.17

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Visit our Traders Interview page with some good insight after talking to more than a few traders:

https://www.cannontrading.com/traders-interview/

Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017

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Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis

The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co

Download this 26 page PDF report, The essential guide to trading economic reports, instantly.

Continue reading “Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017”

Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17

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Gold is making a move and Rollover day!

Rollover Notice:

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 etc., it is extremely important to remember that we are now rolling over and trading the December contract.

Starting Sept. 8th, the December 2017 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2017 contract as of September 8th. Volume in the Sept. 2017 contracts will begin to drop off until its expiration on Friday Sept. 15th.

The month code for December is Z7.

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

Please close any open June Currency positions by the close on Friday the 15th.

Gold chart and commentary:

Many analysts see a major shift happening in the gold market with gold advancing and holding rather comfortably above a key psychological level of $1,300.00 an ounce

Continue reading “Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17”

8 Steps to Better Trading + Futures Trading Levels & Economic Reports for Sept. 6th 2017

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Labor day is behind us and the markets are gearing into the busy time of the year  – Sept./Oct. and the end of the year.

Keep a trading journal. Know what reports are coming. Adjust your weaknesses and learn to trade with your strengths.

Prepare yourself every day before you start trading.

Take a look at this quick 8 pointer summary I wrote a while back and is very relevant in my opinion.

Continue reading “8 Steps to Better Trading + Futures Trading Levels & Economic Reports for Sept. 6th 2017”

Labor Day Trading Hours + Futures Trading Levels & Economic Reports for Sept. 1st 2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Wishing everyone a happy and safe Labor Day Weekend.

Our office is closed Monday Sept. 4th but our 24 hours desk is available ( make sure you have the correct numbers from your broker) .

Before we start the long weekend, we do have un-employment report tomorrow!

Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572

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Continue reading “Labor Day Trading Hours + Futures Trading Levels & Economic Reports for Sept. 1st 2017”

Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 31st 2017

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Labor Day is just around the corner!!

Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572

Labor Day Trading Hours

Continue reading “Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 31st 2017”

Hurricane Harvey… 8.25.2017

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Like us on Facebook! https://www.facebook.com/CannonTradingCompany/

From my colleague John Thorpe:

Tropical Storm Harvey Watch!

Oil, products and Natural gas operations.

With a Potential Cat 3 Hurricane reaching Landfall on or about Friday night or Saturday morning according to Dr. Jeff Masters, Co-Founder of the weather underground

https://www.wunderground.com/hurricane/atlantic/2017/tropical-storm-harvey 

The EIA provides a Live interactive tracking map Related Potential Energy Disruptions

https://www.eia.gov/special/disruptions/ 

http://refineryreport.org/refineries.php  shows an interactive version of the map below

Hurricane Harvey - Tropical Storm Harvey Watch!

John D. Thorpe

Continue reading “Hurricane Harvey… 8.25.2017”