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Tag: Futures Trading Levels

BitCoin Futures, What you need to know…. 11-15-2017

Posted on by Ilan

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

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Dear Traders,

More BitCoin futures information from the CME Group….

Contract Specifications

Contract Unit
5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
Minimum Price Fluctuation
Outright: $5.00 per bitcoin = $25.00 per contract
Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract
Trading Hours
CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday
BTIC: 5:00 p.m. – 10:00 a.m. or 11:00 a.m. CT (4:00 p.m. London Time) Sunday – Friday
Product Code
Outright: BTC
BTIC: BTB
Listing Cycle
Nearest 2 months in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 “serial” months not in the March Quarterly cycle.
Contract months for initial listing: Dec 2017, Jan 2018, Feb 2018, Mar 2018.
Termination of Trading
Last Day of Trading is the last Friday of contract month.
Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.
Position Limits
Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined.  The reportable level will be 25 contracts.
Block Minimum
5 contracts
Price Limits
Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 4:00 p.m. London time each Business Day.
Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price.
Settlement
Cash settled by reference to Final Settlement Price, equal to the CME CF Bitcoin Reference Rate (BRR) on Last Day of Trading.

Subject to all requisite approvals and filings

Continue reading “BitCoin Futures, What you need to know…. 11-15-2017”

BitCoin Index Chart + Futures Trading levels for 11.14.2017

Posted on by Ilan

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

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Dear Traders,

The hot market for today is definitely Bitcoin. While we don’t have a future contract YET to trade, it is close and the CME does have the “underlying asset” which will be the Bitcoin Index ( more information will come out soon).

Chart of this index along with some of my indicators for your review below.

BRTI - Bitcoin Real Time Index Daily Chart

Continue reading “BitCoin Index Chart + Futures Trading levels for 11.14.2017”

Using Weekly Options Instead of Stop Loss + Futures Trading Levels for 11.09.2017

Posted on by Ilan

____________________________________________________________________

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

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Dear Traders,

How many times were you in the right trade, got stopped out simply to see the market goes back the way you thought it was going to?

If you are like most traders, I would say this happened more than a few times….regardless if you are day trading, swing trading or even longer term trading.

Ever considered using weekly options as an alternative to day trading? perhaps in conjunction?

Read the following article on weekly options and feel free to reach out andchat about your trading ANYTIME!

Continue reading “Using Weekly Options Instead of Stop Loss + Futures Trading Levels for 11.09.2017”

Trading 101: Parabolic Study + Futures Trading Levels for 11.07.2017

Posted on by Ilan

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

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Dear Traders,

Trading 101: Parabolic SAR Study

  • … the parabolic SAR is a trend following indicator.
  • … it can be used to determine a trend and for a trailing stop.
  • … the SAR works in a trending market, not in a ranging market.
  • … combine the SAR with indicators designed to determine the strength of a trend.
  • … you can combine the SAR with the ADX to achieve higher performance.
  • … the settings can be change to make the SAR more sensitive to the price movement.
  • … if you change the settings, the performance should be analyzed with a trading journal to see the effects.

Below is a chart of crude oil from last few days, I highlighted the parabolic SAR to visualize the concept above.

If you have any questions, would like to schedule a one on one consultation with one of our series 3 brokers where you can discuss trading, concepts, studies, mental part of trading and much more, fill out this form.

Crude Oil Chart

Continue reading “Trading 101: Parabolic Study + Futures Trading Levels for 11.07.2017”

LIVE Trading Results of Automated Trading Systems + Futures Trading Levels 11.03.2017

Posted on by Ilan

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

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Dear Traders,

Have you checked out our top performing systems recently?

Take a look at LIVE results of different systems we offer here at Cannon Trading for automated trading.

Automated trading can be done in addition to your own trading. One can use our trading systems if they are too busy to trade on their own and as a speculative investment by itself.

The best part – our series 3 brokers are here to assist you with feedback, answers to questions and help finding the best solution for your trading needs, risk capital and preferences.

Explore our systems now!

Continue reading “LIVE Trading Results of Automated Trading Systems + Futures Trading Levels 11.03.2017”

Bitcoin Futures? + Futures Trading levels 11.02.2017

Posted on by Ilan

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

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Dear Traders,

The Evolving Economics of Bitcoin, Gold and Fiat Currencies

By Erik Norland, Senior Economist & Blu Putnam, Chief Economist, CME Group

Highlights

  • Value of a bitcoin has soared more than 6 million percent in seven years
  • Bitcoin is considered a good store of value as supply is limited
  • Regulators are working to bring cryptocurrencies into the mainstream
  • Growing network of users favors bitcoin’s continued success

Bitcoin Futures? + Futures Trading levels for 11.01.2017

Posted on by Ilan

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

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Dear Traders,

Make November an excellent trading month where you follow your rules, keep track of your trading, write a journal, expand your education and try to be the best that you can be!

Below some news pertaining to Bitcoin and our industry – The Futures Markets ( FYI I have been publishing the SR levels for the bitcoin index for a few weeks now, see section 2).

Bitcoin Surges After World’s Biggest Exchange Announces Plans for Futures

By 

Nick Baker

 and 

Matthew Leising

October 31, 2017, 7:01 AM PDT Updated on October 31, 2017, 8:29 AM PDT

Cryptocurrency soars to record high after announcement

  • Futures seen drawing in professional traders, investors

The allure of bitcoin was too much for CME Group Inc.

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a plan. The largest cryptocurrency, which has surged more than sixfold this year, climbed to a record high after the announcement. Continue reading “Bitcoin Futures? + Futures Trading levels for 11.01.2017”

Trading Levels & Economic Reports for October 31st 2017

Posted on by Ilan

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

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Dear Traders,

Visit us on Facebook: https://www.facebook.com/CannonTradingCompany

Follow us on Twitter: https://twitter.com/CannonFutures

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Continue reading “Trading Levels & Economic Reports for October 31st 2017”

Dow Jones Monthly chart + Trading levels for October 10.26.2017

Posted on by Ilan

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

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Dear Traders,

No special words of wisdom today…..Just a sharing a monthly chart of Dow Jones Cash Index.

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Trading Systems 101 + Levels & Economic Reports for October 25th 2017

Posted on by Ilan

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

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Dear Traders,

Trading Systems 101: Filtering out the noise for proper evaluation

As we dive further into the twenty first century, many fantasy and futurist ideas from the past have slowly become a reality: watches double as phones, robots can clean our homes, and even though they can’t fly yet-our cars can greet us and give us directions. Many people believe that the evolution of all this technology has led to a decrease in human interaction, and while that may be true and a negative in some aspects; there can be an advantage when the emotional roller coaster of the human mind is taken out of the question.

Despite even the most logically set minds on Wall Street, psychology plays a huge role in the market. Emotions run high, there are hasty impulses, and often a lack of self-control. Most trading professionals will agree that the human element can, at times, severely impact the trading goals and strategies of the trader as they strive for profit and attempt to escape the pain of losses. This is where technology can save us from ourselves.

Well-designed automated trading systems ( visit: https://cannon.isystems.com ) can offer the possibility of neutralizing the main psychological enemies of traders. Algorithmic (Algo) trading systems are written by investment professionals who know the markets intimately and offer a fast and wise decision making process that eliminates emotion, procrastination, and irrational decisions that human nature draws out.

That being said, I get too many emails about systems claiming to have the crystal ball or producing results that are too good to be true. 99.9% of the time, if it is too good to be true it is simply not true…..

Continue reading “Trading Systems 101 + Levels & Economic Reports for October 25th 2017”

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.