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Futures Trading Levels and Economic Reports for December 20, 2010

Posted on December 18, 2010September 10, 2014 by Ilan

Market is acting a bit funny….reason i am saying that is that we are trading at relatively HIGH prices, over 52 weeks highs, yet the volatility is at a very low level….

What i have noticed over the years is the wave pattern of volatility….from extremely high volatility to extremely low volatility and goes again….so now the question is when is the next wave of higher volatility starts?

Have a great weekend, successful trading week ahead ( only 4 trading days next week, with Thursday packed with economic numbers).

I will be out of the office until Jan. 3rd but you will receive levels and reports published by colleague here at cannon.

happy Holidays and great trading in 2011! Continue reading “Futures Trading Levels and Economic Reports for December 20, 2010”

Futures Trading Levels and Economic Reports Schedule for December 14th 2010

Posted on December 14, 2010July 3, 2017 by Ilan

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

FOMC tomorrow and before that more than a few economic numbers.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility duirng first couple of hours as well. Continue reading “Futures Trading Levels and Economic Reports Schedule for December 14th 2010”

Futures Trading Levels and Economic Reports for December 13th 2010

Posted on December 11, 2010September 10, 2014 by Ilan

December to March Rollover Notice

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.

I think the following quote is so appropriate in our business….

“One cannot do anything about yesterday”

Wishing you a great weekend. Continue reading “Futures Trading Levels and Economic Reports for December 13th 2010”

March Rollover in Effect for all Indicies in Futures Trading Markets, December 10th 2010

Posted on December 10, 2010July 3, 2017 by Ilan

December to March Rollover Notice

We are now trading MARCH contracts for all e-minis and stock indices.

Weekly chart of the CASH SP index for your review below:

SP-500-Day-Trading-2010-12-10 Continue reading “March Rollover in Effect for all Indicies in Futures Trading Markets, December 10th 2010”

Futures Trading Levels and Economic Reports for December 7th 2010

Posted on December 7, 2010May 29, 2018 by Ilan

Today was a “slow trading day” when it came to stock indices, which leads me to a good point I would like to make. Most of our day traders, trade the e-mini stock index futures, mostly the mini SP because of its heavy daily volume and exposure.

However, I think that day-traders should be able to follow at least another market, maybe even two additional markets and look for different set up in these markets as well.

Good example from today is the Euro currency. While the mini SP was pretty dead….the Euro had nice range, good volatility and good volume which presents both risks and opportunities for day-traders.

Obviously, before you start trading a new market you should educate yourself on tick size, trading hours, “personality”, when is there more volume in that specific contract etc.

If you do so, I think you will achieve a couple of things, first is diversification. While some days trades in certain market may not work, trades in a different market may provide balance.

Also, if on certain days, certain markets are “sleepy” ( which most day-traders do NOT like), another market may have more action….

As always, do your homework, practice in simulation mode first and make sure you understand the “new contract” you may be trading along with the risks involved.

Below is a screen shot of the Euro Currency from todays webinar session :
( free trial at – https://www.cannontrading.com/tools/intraday-futures-trading-signals )

SP-500-Day-Trading-2010-12-07 Continue reading “Futures Trading Levels and Economic Reports for December 7th 2010”

Futures Trading Levels and Economic Data for December 3rd 2010

Posted on December 3, 2010September 10, 2014 by Ilan

“Motto” for the month: “Plan your trade, trade your plan”

Market has rallied significantly over the last few days right into tomorrows monthly unemployment report.

I wish I had a bias to share with you before the report comes out but I don’t….

My BIGGEST recommendation for all of you, regardless if you are favoring the short or long side is to do the following:

Visualize some different scenarios, good ones and bad ones. the good ones are easy…the bad ones are the hard ones and the ones you must be prepared for, just in case so you can have a plan and NOT try to make decisions in the heat of the moment. Try to calculate your trading size, the maximum risk you are willing to take, implement those decisions by placing stops if needed and then let the market do its thing.

I honestly think that if you try to this when the numbers come out and the market is going wild, you are pretty much gambling and not trading….

Follow the “motto” for this month and I wish all of you a GOOD trading day tomorrow. Continue reading “Futures Trading Levels and Economic Data for December 3rd 2010”