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Tag: Futures Trading Levels

Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017

Posted on by Ilan

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

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Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis

The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co

Download this 26 page PDF report, The essential guide to trading economic reports, instantly.

Continue reading “Crude Inventories, Unemployment report, Support & Resistance Levels 9.13.2017”

Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17

Posted on by Ilan

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

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Gold is making a move and Rollover day!

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 Sept. 8th, the December 2017 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2017 contract as of September 8th. Volume in the Sept. 2017 contracts will begin to drop off until its expiration on Friday Sept. 15th.

The month code for December is Z7.

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

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

Gold chart and commentary:

Many analysts see a major shift happening in the gold market with gold advancing and holding rather comfortably above a key psychological level of $1,300.00 an ounce

Continue reading “Rollover notice, Gold Chart and Commentary + Levels for Friday 9.8.17”

Guide to Choosing a Broker + Futures Trading Levels & Economic Reports for Sept. 7th 2017

Posted on by Ilan

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

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A good piece, worth reading if you are in the stage of looking for a commodity broker for your new trading account or NOT happy with your current one and considering switching…..

How do futures traders go about selecting a futures broker they can be happy with? 

By John Thorpe Senior Broker with Cannon Trading

  1. History

A futures trader should find considerable comfort in doing business with a firm that is sound from a regulatory perspective. The Futures trader should ask for the regulatory history of both the firm and the Individual Registered Representative.

There would be a few red flags: 1) The firm is too new to have a history;  2) Several financial settlements in the past are assessed to the Firm; 3) Disciplinary actions have been taken against an Individual Registered Representative.

  1. Availability

Another aspect that a firm should exhibit to a potential futures trading client is the availability of the Individual Registered Representative or the trading staff. Is the individual available while you have market risk?  Is the Trading desk available while the markets are open?

  1. Knowledge

Continue reading “Guide to Choosing a Broker + Futures Trading Levels & Economic Reports for Sept. 7th 2017”

8 Steps to Better Trading + Futures Trading Levels & Economic Reports for Sept. 6th 2017

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

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Labor day is behind us and the markets are gearing into the busy time of the year  – Sept./Oct. and the end of the year.

Keep a trading journal. Know what reports are coming. Adjust your weaknesses and learn to trade with your strengths.

Prepare yourself every day before you start trading.

Take a look at this quick 8 pointer summary I wrote a while back and is very relevant in my opinion.

Continue reading “8 Steps to Better Trading + Futures Trading Levels & Economic Reports for Sept. 6th 2017”

Labor Day Trading Hours + Futures Trading Levels & Economic Reports for Sept. 1st 2017

Posted on by Ilan

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

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Wishing everyone a happy and safe Labor Day Weekend.

Our office is closed Monday Sept. 4th but our 24 hours desk is available ( make sure you have the correct numbers from your broker) .

Before we start the long weekend, we do have un-employment report tomorrow!

Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572

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Continue reading “Labor Day Trading Hours + Futures Trading Levels & Economic Reports for Sept. 1st 2017”

Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 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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Labor Day is just around the corner!!

Make sure you are aware of trading hours and let us know if you have any questions at + 310 859 9572

Labor Day Trading Hours

Continue reading “Labor Day Trading Hours + Futures Trading Levels & Economic Reports for August 31st 2017”

Hurricane Harvey… 8.25.2017

Posted on by Ilan

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

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Like us on Facebook! https://www.facebook.com/CannonTradingCompany/

From my colleague John Thorpe:

Tropical Storm Harvey Watch!

Oil, products and Natural gas operations.

With a Potential Cat 3 Hurricane reaching Landfall on or about Friday night or Saturday morning according to Dr. Jeff Masters, Co-Founder of the weather underground

https://www.wunderground.com/hurricane/atlantic/2017/tropical-storm-harvey 

The EIA provides a Live interactive tracking map Related Potential Energy Disruptions

https://www.eia.gov/special/disruptions/ 

http://refineryreport.org/refineries.php  shows an interactive version of the map below

Hurricane Harvey - Tropical Storm Harvey Watch!

John D. Thorpe

Continue reading “Hurricane Harvey… 8.25.2017”

Futures Trading Signals 8.18.2017

Posted on by Ilan

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

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Are you looking for intraday trading signals that you can plug in on your own charts and use along with your levels and outlook?

If so, visit:

http://levex.net/trading-algo/

Continue reading “Futures Trading Signals 8.18.2017”

Walk before you Run!! – Trading Futures 6.21.2017

Posted on by Ilan

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

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Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders? Continue reading “Walk before you Run!! – Trading Futures 6.21.2017”

Futures Trading Levels & Economic Reports for June 16th

Posted on by Ilan

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Rollover Notice:

Front month for stock indices and financials is now September. Make sure you switched from trading June into trading the September  (U) contract. Please contact your broker with any questions.

As of tomorrow start trading September currencies as well!

Continue reading “Futures Trading Levels & Economic Reports for June 16th”

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.