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Tag: futures broker

Futures Trading Levels and Mental Tips for October 29th 2010

Posted on by Ilan

To be honest I don’t have any feel for the medium term outlook of stock indices.

I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP.

We do have some reports tomorrow and it is the last trading day of the month so we should see some interesting price action.

As far as “mental tip”: keep reminding yourself that the hardest battle for a trader is waiting, patience and fighting ones own demons that normally appear when losing trades happen. Try to be among the tough ones who can control the negative emotions losing trades bring out and your trading will progress. Continue reading “Futures Trading Levels and Mental Tips for October 29th 2010”

Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010

Posted on by Ilan

Stocks finished pretty much unchanged today, which brings me to another point….

There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.

However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other

characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.

As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.

FREE Trial for the Day-Trading Charts Service:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
************************************************************* Continue reading “Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010”

Futures and Commodity Trading Levels for October 26th, 2010

Posted on by Ilan

Weekly chart of the mini Russell 2000 for your review below.

SP-500-Day-Trading-2010-10-26

Continue reading “Futures and Commodity Trading Levels for October 26th, 2010”

Weekly Futures Trading Newsletter and Daily Levels for October 21st 2010

Posted on by Ilan

Our Weekly Newsletter is Now Available for Your Review at:
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https://www.cannontrading.com/community/newsletter/
************************************************************************* Continue reading “Weekly Futures Trading Newsletter and Daily Levels for October 21st 2010”

Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010

Posted on by Ilan

Same comments from yesterday and the day before still hold true….main difference is the tomorrow is quadruple witching day so I am hopeful that we finally break out one way or the other……

Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00

OR…..

Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.
I would love to have the “correct answer” to give you but only time and price action will tell….

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010”

Best Trading Practices: Always Ask Your Futures Broker July 30th 2010

Posted on by Ilan

“Last Trading day of the month tomorrow.”

At any time traders, especially self directed futures traders, must be aware of first notice day, last trading, economic reports etc.

Tomorrow is first notice day for August Gold futures contract – As your futures and commodity broker we try our best to keep many of you informed via this daily blog but always make sure you contact your futures broker with any questions you may have.

Daily chart of September e-mini Dow Jones below for review. I am not sure about direction to be honest. Both bulls and bears have a case and at this point we are trading in a band between 10293 and 10536, which is a wide trading range.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation
YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Continue reading “Best Trading Practices: Always Ask Your Futures Broker July 30th 2010”

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.