Futures Trading Levels & Economic Reports for April 10th 2018

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Dear Traders,

Intra-day as well as day to day volatility continues to be extremely high.

I hate sounding like a broken record but one must adjust their trading, money management and more to be able to survive in this high volatility period.

Review your trading, do some homework every day. be honest with yourself and adjust where you need to adjust.

Make sure you are trading the right size?

working with stops?

Reviewing your settings for targets and stops?

Keeping a journal?

Trading is not easy and if you don’t put the time and effort to try and be better the bottom line in your account will reflect this.

30 Minute chart of the NQ for your review below…..I marked the dollar value against you if you were wrong from high to low to make a point of the HUGE volatility. Over $3,000 per ONE contract…..

ENQ - E-mini NASDAQ-100, Equalized Active 30 Min Continuation Chart

Continue reading “Futures Trading Levels & Economic Reports for April 10th 2018”

Futures Trading Levels & Reports for April 5th 2018

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

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Four Straight Days of 2% Moves!!

It seems volatility is here to stay as there has been 7 days in 2018 where the stock market have moved +/- 2%!

Volatility for Four Straight Days of 2% Moves!!

(Past performance is not necessarily indicative of future results)

Daily Mini NASDAQ 100 Chart for Your Review 4.04.2018

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

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Make sure you adjust your trading to the increased volatility!! 

Don’t risk your WHOLE account on one trading day…..approach trading with more of money management/ risk control attitude!! 

We have added some new videos for your review at: 

https://www.cannontrading.com/video_center/

A look at the mini NASDAQ 100 daily chart. The ranges and volatility in the NQ have been the most dominant in my opinion.

Mini NASDAQ 100 equalized active daily continuation chart

Make April a Great Trading Month by BEING DISCIPLINED 4.03.2018

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

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Fed Unwinding of QE and What It Means for U.S. Bonds

By Blu Putnam, Chief Economist, CME Group

Video Highlights

  • Fed’s unwinding of QE has helped to raise U.S. Treasury yields
  •  U.S. Treasuries considered high-yielding compared to Japan, EU
  • Japan, Germany bond yields to rise when they end quantitative easing

WATCH VIDEO

Continue reading “Make April a Great Trading Month by BEING DISCIPLINED 4.03.2018”

Good Friday Trading Hours 3.28.2018

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This Friday ALL US MARKETS will be closed. No pre-opening or evening trades on Thursday. make sure to discuss with your broker.  

Good Friday Trading Hours

Continue reading “Good Friday Trading Hours 3.28.2018”

Quadruple Witching 3.16.2018

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March madness in futures + Quadruple Witching….

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.

Keep in mind that March mini SP and it’s relatives (mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.

The March contract will simply cease to trade. If you have not switched to June yet, now is the time…..

Continue reading “Quadruple Witching 3.16.2018”

Non Farm Payroll Tomorrow + Rollover Notice!

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

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Non Farm Payroll tomorrow morning 8:30 AM EST 

Employment situation from Econoday

Employment situation from Econoday 

Rollover notice 

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 etc., it is extremely important to remember that we are now rolling over and trading the June contract.

Starting March. 8th, the June 2018 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2018 contract as of March 8th. Volume in the March 2018 contracts will begin to drop off until its expiration on Friday March 15th.

The month code for June is M8

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

Please close any open March Currency positions by the close on Friday the 16th.

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.

Futures Trading Levels

3-08-2018

Contract June 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2777.00 7080.42 25285 1603.13 10986.67
Resistance 2 2759.75 7045.83 25135 1592.97 10543.33
Resistance 1 2754.50 7012.67 25033 1583.33 9991.67
Pivot 2741.25 6980.08 24883 1573.17 9548.33
Support 1 2734.00 6957.92 24781 1563.53 8996.67
Support 2 2720.75 6911.33 24631 1553.37 8553.33
Support 3 2712.50 6892.17 24529 1543.73 8001.67
Contract Apr. Gold May Silver Apr. Crude Oil June  Bonds Mar.  Euro
Resistance 3 1338.7 16.72 62.61 145 1.2562
Resistance 2 1334.2 16.65 62.00 144 16/32 1.2508
Resistance 1 1328.5 16.57 61.16 144  3/32 1.2413
Pivot 1324.0 16.50 60.55 143 19/32 1.2358
Support 1 1318.3 16.43 59.71 143  6/32 1.2263
Support 2 1313.8 16.36 59.10 142 22/32 1.2209
Support 3 1308.1 16.28 58.26 142  9/32 1.2114
Contract May  Corn May Wheat May Beans May SoyMeal Apr. Nat Gas
Resistance 3 402.3 516.7 1082.08 392.33 2.84
Resistance 2 398.0 509.6 1075.67 389.27 2.81
Resistance 1 395.8 504.4 1069.83 386.33 2.78
Pivot 391.5 497.3 1063.42 383.27 2.76
Support 1 389.3 492.2 1057.6 380.3 2.7
Support 2 385.0 485.1 1051.17 377.27 2.70
Support 3 382.8 479.9 1045.33 374.33 2.67

Economic Reports, source: 

http://app.bettertrader.co

Economic Report - Friday, March 9th

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.

Rollover Notice for Stock Index Futures! 3.08.2018

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

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Rollover notice

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 etc., it is extremely important to remember that we are now rolling over and trading the December contract.

Starting March. 8th, the June 2018 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2018 contract as of March 8th. Volume in the March 2018 contracts will begin to drop off until its expiration on Friday March 15th.

The month code for June is M8

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

Please close any open March Currency positions by the close on Friday the 15th.

Continue reading “Rollover Notice for Stock Index Futures! 3.08.2018”

Day Trading Mind Traps 3.07.2018

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Trading 102: Day Trading Mind traps 

“One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.” Kenneth Reid, Ph.D

MINDING THE MIND

The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.

INTUITIVE TRADING

Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.

Continue reading “Day Trading Mind Traps 3.07.2018”

VOLATILITY Requires Adjustment in Your Trading Tactics 3.06.2018

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

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Heads up:

Wishing everyone a GREAT trading month in March!

Volatility is here. In my opinion, traders need to adjust their trading tactics accordingly.  We will be happy to help, chat trading and more if interested.

Plan your trade, trade your plan!!

Continue reading “VOLATILITY Requires Adjustment in Your Trading Tactics 3.06.2018”