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Tag: Future Trading

Mini Russell 2000 Chart, Future Levels & Economic Reports 1.3.2014

Posted on by Ilan

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 January 3, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading! 

 

I hope that the first day of 2014 is an indication of more to come!
Nice volatility, good volume, good movement inn different markets – what most day-traders look for.

I would like to wish all of you a great trading year in 2014 and a healthy, happy year in all aspects of life.

 

Above is a screen shot of the mini Russell 2000 charts from today’s session (Jan 2nd 2014)

The charts are sierra charts and the signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.

The concept is a simple concept that looks for exhaustion in either buying/selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred. Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.

Would you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts.  The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.

To start your free 3 weeks trial, please send me an email with the following information:

1.  Are you a client of Cannon Trading?

2. Are you currently trading futures?

3. Charting software you use?

4. If you use sierra or ATcharts, please let me know the user name so I can enable you

5. Markets you currently trading? Continue reading “Mini Russell 2000 Chart, Future Levels & Economic Reports 1.3.2014”

New Years 2014 – Futures Trading Schedule

Posted on by Ilan

New Year’s Schedule

Tuesday, December 31, 2013

 

CME & CBOT Equity Products

4:15 Central Time, Regular close

CME & CBOT Interest Rate & Currency / FX Products

4:00 Central Time, regular close

NYMEX, COMEX Products

4:15 Central Time, regular close

CBOT, KCBT Grain & Agricultural Products

Regular close per each product schedule

Other CME Group Products

Regular close per each product schedule

ICE Futures US

Softs, Grains. Oilseed & CCI Index & Russell contracts

Regular hours

Fin & Index

12:15 Central Time
Fin Gas, Power & Emissions

1:00 Central Time

 

Wednesday, January 1, 2014

 

CME & CBOT Equity Products

CME & CBOT Interest Rate & FX Products

NYMEX, COMEX Products

CBOT, KCBT Grain & Agricultural Products

New Year’s Day Observed – Globex closed

ICE Futures US
Softs, U.S. Grains and Oilseeds, FOREX, INDEX & FIN Gas Power and Emissions: New Year’s Day Observed – all closed

 

Thursday, January 2, 2014

CME & CBOT Equity Products

5:00 Central Time modified open

CME & CBOT Interest Rate & Currency / FX Products

5:00 Central Time modified open

NYMEX, COMEX Products

Regular open for trade date Thursday, Jan. 2nd : 5:00 P.M. Central Time / 6:00 P.M. Eastern Time

CBOT, KCBT Grain & Agricultural Products

8:30 Central Time grain markets open

Other CME Group Products

9:00 Central Time Lumber Futures & Options

9:05 Central Time Livestock Futures & Options

 

ICE Futures US

Softs, Grains. Oilseed & CCI Index regular open
Fin & Index regular open
Fin Gas, Power & Emissions regular open

For more information, please visit: http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-new-years.pdf

For more information, please visit: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

 

ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013

Posted on by Ilan

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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 Thursday December 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

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, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, December 12th, is rollover day.

Starting December13th, the March 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2014 contract as of December 13th. Volume in the December 13 contracts will begin to drop off until its expiration on Friday December 20th.

The month code for March is H4.

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

Please close any open December Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.

Continue reading “ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013”

Futures Trading Systems, Futures Levels & Economic Reports 12.11.13

Posted on by Ilan

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 Wednesday December 11, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

A quick note about trading systems.

I know most of you are what i consider self directed traders. You like to make your own decisions of when to buy/ sell/ markets etc.

Some of you may have tried different automated trading systems in the past and some may be currently trading some systems. i think that if one has the risk capital and does the due diligence, there are some good systems out there which can be used as diversification to your own trading and/ or as a form of more aggressive investment.

I do want to bring to your attention two trading systems I personally really like and have been impressed with the results.

One is a medium term system/model that works with seasonal spreads. We have clients in this office who been trading these spreads for years and will be more than happy to share additional details for those of you who are interested.

The second is a day trading system that finishes each day flat. It does not trade often, avg of about 2 trades a day. it picks trades from about 20 different futures markets and is offered as auto trade here at cannon trading. Again, I am quite impressed with the results so far and will be happy to share more with interested clients prospects.

Please email me with any questions/ interest on the topic above and I will be happy to assist!

Continue reading “Futures Trading Systems, Futures Levels & Economic Reports 12.11.13”

3 Types of Trading Days, Futures Levels & Economic Reports 12-10-2013

Posted on by Ilan

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 Tuesday December 10, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Extremely low volume today, a little too early for “holiday trading mode” but today’s trading in stock index futures definitely resembled holiday trading. I am pretty convinced that we will see more volatility and volume in the next couple of weeks before reaching Christmas and New year trading weeks.

Although I have shared this piece with you before, i think it is worth sharing again as understanding or trying to predict what type of trading day we will have ahead has big importance on style of trading to be used, level of aggressiveness etc.

  • In my opinion there are 3 main types of trading days.
  1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.
  2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.
  3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.
  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
    1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
    5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

Continue reading “3 Types of Trading Days, Futures Levels & Economic Reports 12-10-2013”

STAR AWARDS – Vote today! Futures Levels & Economic Reports 12.06.2013

Posted on by Ilan

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 December 6, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Two useful links to share with you today:

The 2014 commodity and futures interactive trading calendar is now posted at: https://www.cannontrading.com/tools/2012-futures-calendar

Great source for contract specifications, trading hours and other useful information available at: http://www.cmegroup.com/trading/products/#sortField=oi&sortAsc=false

I was informed  that our blog is being nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into it is not going unnoticed!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

 

 

777

Continue reading “STAR AWARDS – Vote today! Futures Levels & Economic Reports 12.06.2013”

STAR AWARDS – Trading Levels & Economic Reports for 12.03.2013

Posted on by Ilan

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 Tuesday December 3, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

I was informed Friday that our blog is being nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into it is not going unnoticed!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

http://www.traderplanet.com/l/WEd

Trader Planet Award

Continue reading “STAR AWARDS – Trading Levels & Economic Reports for 12.03.2013”

Futures Trading Levels & Economic Reports for 11.29.2013

Posted on by Ilan

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 November 29, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

There will not be any market commentary this week. Have a great Thanksgiving Holiday. Thank you!

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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.

Continue reading “Futures Trading Levels & Economic Reports for 11.29.2013”

Thanksgiving Holiday Futures Trading Schedule 2013

Posted on by Ilan

Thanksgiving Holiday Futures Trading Schedule 2013 for CME / Globex and ICE Exchanges

All times listed as Central Time

CME Globex & CBOT Equity Products

Wednesday, Nov 27

4:15 CT – Regular close

5:00 CT – Regular open for trade date Friday, Nov 29*

 

Thursday, Nov 28

5:15 CT – Regular open – USD – Ibovespa Futures open for trade date Friday, Nov 29

10:30 CT – Trading halt

• Order entry, modification and cancellation allowed

5:00 CT – Halted products resume trading

Friday, Nov 29

5:15 CT – Regular open – USD – Ibovespa Futures

8:15 CT – Regular close – Big Equities (SP, MD, ND, SMP, ZD)

12:15 CT – Early close

CME Globex & CBOT Interest Rate & FX Products

Wednesday, Nov 27

4:00 CT – Regular close

5:00 CT – Regular open for trade date Friday, Nov 29*

Thursday, Nov 28

12:00 CT – Trading halt

• Order entry, modification and cancellation allowed

5:00 CT – Halted products resume trading

Friday, Nov 29

12:15 CT – Early close

*Note: Session orders entered after 4:45 CT / 5:45 ET on Wednesday are for trade date Friday, Nov 29 and will continue working until Friday’s close unless otherwise noted.

Continue reading “Thanksgiving Holiday Futures Trading Schedule 2013”

Volume Charts & Oscillators & Futures Levels & Economic Reports for 11.07.2013

Posted on by Ilan

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 Thursday November 7, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Using tick/Volume charts and Oscillators for day trading

Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading and CTA at Levex.net )

I really don’t think anyone has found a “perfect way” to day-trade.

Different techniques work well in different market environment.

In this week short educational feature, I will touch about one technique one can add to their trading arsenal. This technique works better on choppy, two sided ways. It DOES NOT work well when the market has a strong trend.

The chart below illustrates a few principals I like:

  1. It uses a tick chart or Range Bar charts rather than a time chart. I like tick charts & range bar better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME and PRICE RANGE. If you are using 5 minutes chart for example, you may get signals simply because time “has passed” and certain indicators you are using adopt certain values. When using tick charts, at times where there is lots of movement in the market, you won’t have to wait until your time frame bar closes to get your signal, volume becomes a bigger more important part of your trading decision.

 Read the remaining article “Using tick/Volume charts and Oscillators for day trading”

Continue reading “Volume Charts & Oscillators & Futures Levels & Economic Reports for 11.07.2013”

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.