Short Trading Week with High Volatility, Holiday Trading Hours & Support and Resistance Levels 12.22.2021

Get Real Time updates and more on our private FB group!

Volatile markets in a short trading week as markets are CLOSED this Friday!
Energies numbers tomorrow at 7:30 AM Pacific time.
On a different note, bit more humorous….as we head into the holiday season and 2021!
The trader’s prayer
May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
May the money left on the table be someone else’s and may my pockets be deeper than the correction.
✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit (electronic exchange now days….).
✋ And if this one is a winner, I swear I quit!
f5707260 3c01 4089 9c0f 7b0bc39bded5

 

Introducing Micro Ether Futures
At 1/10 the size of one ether, Micro Ether futures (MET) provides a precision, efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies in the world by market capitalization.
  • Features & Benefits
  • Fine-tune your Ether exposure
  • Enjoy price discovery on a regulated exchange
  • Lower margin
  • Diversify your portfolio

 

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-22-2021

933ecf51 00f2 48da 9eda 2110e6235e23


Economic Reports, Source: 

https://bettertrader.co/ 

e333c216 6755 4c3f ad1f 3aa88f6b0cbd

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter 1077: Adjust your Trading with Volatility & Futures Levels for the Week Ahead

Cannon Futures Weekly Letter Issue # 1077

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

 

Trading 201: Adjust your Trading with Volatility

Unemployment report along with Omicron along with an already “very spicy markets” encouraged me to share some of the following pointers.
Hope it helps.
*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.
*Expect the unexpected…
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
* Know what is going on, reports, current margins, current limits and more.
  • Consider short term options instead of futures and/or MICROS
*Trade smaller. The bands are much larger. Watch the VIX.
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, take this seriously and do your best to stay healthy….
My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:
We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform
6541ee95 dd57 4414 bd0f 3a1de7e5be19

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

12.05.2021

Futures Trading Support & Resistance Levels 12.05.2021

 

Weekly Levels

Futures Trading Support & Resistance Weekly Levels

 

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

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading

VERY VOLATILE Trading Day in the Futures Markets & Support and Resistance Levels 12.02.2021

Dear Futures Trader,

Get Real Time updates and more on our private FB group!

If the first day of December is any indication of what’s to come….then watch out because it was a VERY VOLATILE day.

While risking sounding like a broken record,.. I must share the below once again – you need to adjust your thinking , action and discipline or risk blowing up your account if caught in any of the following:
Not being focused
not using stops
revenge trading
hoping
doubling down
etc.
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
  3. Be extra picky on entries without chasing trades.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
  6. Consider possibly utilizing short term options rather than futures.
Useful link, just in case – LIMIT PRICE MOVES

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-02-2021

Support and Resistance Levels 12.02.2021


Economic Reports, source: 

https://bettertrader.co/ 

 

1631a0b3 b5ef 4917 b651 e071ee63ea0b

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

New COVID Variant Looms and Markets React w/ Extreme Volatility, Support and Resistance Levels 11.30.2021

Dear Futures Trader,

Get Real Time updates and more on our private FB group!

On Friday, Omicron, the new COVID-19 variant took the oxygen out of newsrooms.

Detected first in South Africa, this mutation is being described as potentially more contagious than the Delta variant. It is unknown whether the currently available vaccines will provide protection from it.
The result was one of the most post Thanksgiving Friday trading session I have seen in over 22 years!
Intraday Volatility in stock index futures is extremely high. Actually across many markets BTC futures leading the volatility but metals, energies ( Natural Gas down 11% today!!) and grains have seen higher volatility.
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
  3. Be extra picky on entries without chasing trades.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
  6. Consider possibly utilizing short term options rather than futures.
The risk is MUCH GREATER than I have seen, yet some traders look for it.
That is ok, as long as you :
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..At any time, feel free to contact us with questions/feedback/resources.

Good Trading

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 when it comes to Futures Trading.

 

Futures Trading Levels

11-30-2021

ae96c0e9 2b4b 47ed af11 45eccc208664


Economic Reports, source: 

https://bettertrader.co/ 

9a3a32ef c082 464b 8541 2a07a4cdda1b

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Volatility Continues in Futures Markets & Economic Reports 8.28.2015

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday August 28, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

The volatility continues….some fast, large intraday moves.

One thing really jumps at me today and that is that most traders spend so much time on when to buy, when to sell, exit and entry strategies etc. and so little time on proper money management and position size.

During this type of volatility, one must reduce trading size in my opinion.

Stops have to be wider , hence position size needs to be smaller.

You have to calculate your daily risk limit and set daily profit targets as well.

I wrote much more about this topic in this article that was published few years back in SFO magazine.

Read it here. Survive to trade another day……

Continue reading “Volatility Continues in Futures Markets & Economic Reports 8.28.2015”