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Tag: Economic Reports

Bitcoin Futures? + Futures Trading levels for 11.01.2017

Posted on by Ilan

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

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Dear Traders,

Make November an excellent trading month where you follow your rules, keep track of your trading, write a journal, expand your education and try to be the best that you can be!

Below some news pertaining to Bitcoin and our industry – The Futures Markets ( FYI I have been publishing the SR levels for the bitcoin index for a few weeks now, see section 2).

Bitcoin Surges After World’s Biggest Exchange Announces Plans for Futures

By 

Nick Baker

 and 

Matthew Leising

October 31, 2017, 7:01 AM PDT Updated on October 31, 2017, 8:29 AM PDT

Cryptocurrency soars to record high after announcement

  • Futures seen drawing in professional traders, investors

The allure of bitcoin was too much for CME Group Inc.

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a plan. The largest cryptocurrency, which has surged more than sixfold this year, climbed to a record high after the announcement. Continue reading “Bitcoin Futures? + Futures Trading levels for 11.01.2017”

Trading Levels & Economic Reports for October 31st 2017

Posted on by Ilan

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

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Dear Traders,

Visit us on Facebook: https://www.facebook.com/CannonTradingCompany

Follow us on Twitter: https://twitter.com/CannonFutures

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Continue reading “Trading Levels & Economic Reports for October 31st 2017”

Crude Oil Markets & Trading Levels & Economic Reports for October 27th 2017

Posted on by Ilan

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

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Dear Traders,

Oil Markets in Supply-Demand Tug of War

U.S. West Texas Intermediate (WTI) crude oil has been stuck in a wide yet fairly well-defined trading range of $42 – $55 per barrel since September 2016.  In the near-term, that range might shift modestly upward to $48 – $62, and drift lower over the long term by $10 to $15 per barrel.

High inventories and increased U.S. oil production have tended to push the price to the lower end of the range, while production cuts by the Organization of Petroleum Exporting Countries (OPEC), potential short-term supply disruptions, and incrementally stronger global economic growth have all worked to push the price into the upper portion of the range, and possibly expand the range toward $60 per barrel.   Also, note that despite the lower volatility associated with range-bound trading, open interest in NYMEX WTI crude oil futures has soared to record highs as uncertainty in the oil market remains elevated even if volatility is low on a historical basis.

Dow Jones Monthly chart + Trading levels for October 10.26.2017

Posted on by Ilan

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

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Dear Traders,

No special words of wisdom today…..Just a sharing a monthly chart of Dow Jones Cash Index.

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Trading Systems 101 + Levels & Economic Reports for October 25th 2017

Posted on by Ilan

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

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Dear Traders,

Trading Systems 101: Filtering out the noise for proper evaluation

As we dive further into the twenty first century, many fantasy and futurist ideas from the past have slowly become a reality: watches double as phones, robots can clean our homes, and even though they can’t fly yet-our cars can greet us and give us directions. Many people believe that the evolution of all this technology has led to a decrease in human interaction, and while that may be true and a negative in some aspects; there can be an advantage when the emotional roller coaster of the human mind is taken out of the question.

Despite even the most logically set minds on Wall Street, psychology plays a huge role in the market. Emotions run high, there are hasty impulses, and often a lack of self-control. Most trading professionals will agree that the human element can, at times, severely impact the trading goals and strategies of the trader as they strive for profit and attempt to escape the pain of losses. This is where technology can save us from ourselves.

Well-designed automated trading systems ( visit: https://cannon.isystems.com ) can offer the possibility of neutralizing the main psychological enemies of traders. Algorithmic (Algo) trading systems are written by investment professionals who know the markets intimately and offer a fast and wise decision making process that eliminates emotion, procrastination, and irrational decisions that human nature draws out.

That being said, I get too many emails about systems claiming to have the crystal ball or producing results that are too good to be true. 99.9% of the time, if it is too good to be true it is simply not true…..

Continue reading “Trading Systems 101 + Levels & Economic Reports for October 25th 2017”

Top 50 Trading Rules + Levels & Economic Reports for October 24th 2017

Posted on by Ilan

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

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Dear Traders,

Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures

500 experienced futures brokers were asked what caused most futures traders to lose money when comes to trading futures.

Their answers reflected the trading experience of more than 10,000 futures traders.  Download the PDF and find out what they said.

  1. Have a Plan

Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.

  1. News Factor

Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.

  1. Trade Objectively

After several profitable trades, many speculators become wild and nonconservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that “can’t fail.”

  1. Know Your Size

Traders often try to carry too big a position with too little capital and trade too frequently for the size of the account.

  1. Don’t Get Greedy when it comes to Trading Futures

Some traders try to “beat the market” by day trading, nervous scalping, and getting greedy.

Read the rest of the 50 rules…

Continue reading “Top 50 Trading Rules + Levels & Economic Reports for October 24th 2017”

Learn more about options on futures 10-20-2017

Posted on by Ilan

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

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Dear Traders,

Would you like to learn more about options on futures?

Perhaps use options to protect futures positions?

Maybe as a speculation?

Or maybe you have experience and understand the risks & rewards of selling option premium?

Download the report along with examples of different strategies at:

https://www.cannontrading.com/tools/education-futures-options-trading-101

Continue reading “Learn more about options on futures 10-20-2017”

E-mini Russell 2000 Index Futures Spread Trading article 10.18.2017

Posted on by Ilan

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

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Dear Traders,

Interesting read and topic by the CME group:

E-mini Russell 2000 Index Futures Spread Trading

Deflation Basics Series: The Quantity Theory of Money

By Elliott Wave International

Here’s our challenge.

In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is to try and make monetary economics, a subject that most people would find duller than watching paint dry on a wall, understandable and, dare I say it, fun! It’s a big ask but we like a test, and so here is the first in our Deflation Basics Series — The Quantity Theory of Money.

To read the rest of the article please click on the link below:

http://www2.elliottwave.com/affiliates_pr/archives/2017/10/17/Deflation-Basics-Series-The-Quantity-Theory-of-Money-aa.aspx

Continue reading “E-mini Russell 2000 Index Futures Spread Trading article 10.18.2017”

Futures Trading Levels & Economic Reports for October 17th 2017

Posted on by Ilan

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

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Dear Traders,

I have touched about this topic before in different ways but definitely worth revisiting.

I call it:  “There is more to daytrading futures than the mini SP 500….”

When we first started offering online futures trading, back in 1997, mini SP was the king.

Stock index futures had more volatility, the market was actually moving both up and DOWN..and it was the first electronic contract. 20 years later, there are almost no pits….ALL markets are electronic, stocks been going up, almost in a straight line and we are in zero rates/ zero volatility type of environment. I am sure this will change, big question is when.

Until it does….if you have not already done so here are a few pointers I am throwing at you for further thought, exploration:

  1. Crude oil, gold are quite a bit more volatile and move both up and down. Take a look, try in demo mode.
  2. Bonds and grains offer different type of personality than some of the other markets. Again, try it in demo mode, learn contract specs and behavior.
  3. Weekly options are now available on major markets. I like some of the advantages these options have offer straight futures as well as the combination one can use. Read more here.
  4. There new contracts ( some are not that new but worth mentioning) VIX futures are an interesting product. Currency futures been around for years and are a better vehicle in my opinion than FOREX.
  5. Consider adding automated systems to your portfolio.

I am sure there is more but hope these few pointers will help you explore trading the right way. Continue reading “Futures Trading Levels & Economic Reports for October 17th 2017”

Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use? 10.13.2017

Posted on by Ilan

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

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Dear Traders,

Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use?

Entry signals are very important but just as important if not more is trade management.
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

This article was published on FinanceMagnates.com back in April but is definitely a timeless article.

Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.

Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.

Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will I use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?

Read Full Article

Continue reading “Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use? 10.13.2017”

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.