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Tag: futures trading

Gold Chart for Review 7.06.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday July 6, 2016

Hello Traders,

We got both ECB Draghi speaking tomorrow morning as well as FOMC minutes later in the day. Could turn out to be a volatile trading day.

There are a few factors you can control as a day trader:

How many contracts you trade per ticket?

How many markets you trade at any given time?

What is your ( hopefully ) self imposed risk per trade? per day?

These factors should be adjusted as your trading capital change, as volatility increases/ decreases and according to your performance.

Gold chart for your review below:

Gold Chart

Continue reading “Gold Chart for Review 7.06.2016”

Globex & ICE ® Independence Day Holiday Trading Schedule 2016

Posted on by Ilan

Independence Day Holiday Schedule for CME / Globex and ICE Exchanges

*Note: Session orders entered on Sunday are for trade date Tuesday, July 5 and will continue working until Tuesday’s close unless otherwise noted.

Equity, Interest Rate, FX, Energy, Metals & DME Products

Friday, July 1

1600 CT / 1700 ET / 2100 UTC – Regular close

Sunday, July 3

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, July 5

Monday, July 4

1200 CT / 1300 ET / 1700 UTC – Trading halt (pre-open)

1700 CT / 1800 ET / 2200 UTC – Products resume trading

Tuesday, July 5

1600 CT / 1700 ET / 2200 UTC – Regular close

Grain, Oilseed & MGEX Products

Friday, July 1

Regular close – Per each product schedule

Tuesday, July 5

0700 CT / 0800 ET / 1200 UTC – MGEX Apple Juice – Regular open Continue reading “Globex & ICE ® Independence Day Holiday Trading Schedule 2016”

Last Trading Day June 6.30.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 30, 2016

Hello Traders,

Last trading day of the month is tomorrow!

Markets can behave a bit weird during the last trading day of the month.

Check your trading journal!

Continue reading “Last Trading Day June 6.30.2016”

Seasons of the Markets… 6.29.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday June 29, 2016

Hello Traders,

I must say that volatility, markets wore me down these past few days and I ran out of added value to share today…..instead here is a link to good article we wrote a while back:

https://www.cannontrading.com/tools/the-seasons-of-the-futures-market

Continue reading “Seasons of the Markets… 6.29.2016”

Brexit Time Table – Volatility Ahead! 6.24.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 24, 2016

Hello Traders,

Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.

The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.

We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to  be aware and use conservative approach rather than aggressive approach.

I will share two sayings I heard last few days….
“Better to be a live chicken than a dead duck……”
“Don’t go out picking flowers during a hurricane….”

A quick article/outlook with chart I wrote for Equities.com

https://www.equities.com/news/the-million-dollar-question-the-british-pound-and-brexit

Time Table ( Eastern Time and Pacific time below)):

6846a398 155d 4eac 802a a164eb0bf144

Here’s a rundown of the key times to watch Thursday through early Friday morning.
Time (U.S. Pacific Time in parenthesis)
Event
Thurs. 7:00 A.M. (11 P.M.Wed.)
Polling stations open
Thurs. 10:00 P.M. (2 P.M.)
Polling stations close, no exit polls
Thurs. around 11:30 P.M. (3:30 P.M.)
First announcements on voter turnout
Fri. 12:30 A.M. (Thurs. 4:30 P.M.)
Results expected for first counting areas
Fri. 3-4:00 A.M. (Thurs. 7-8:00 P.M.)
Results from half of the counting areas are in
Fri. around 5:00 A.M. (Thurs. 9:00 P.M.)
About 80% of counting areas have reported results
Fri. 7 A.M. (Thurs. 11:00 P.M.)
All votes are likely to have been counted and the official result is expected shortly after.

Feel free to call us at 800-454-9572 with any questions.

Continue reading “Brexit Time Table – Volatility Ahead! 6.24.2016”

Support and Resistance Futures Levels 6.17.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 17, 2016

Hello Traders,

Front month for e-minis and currencies is now September 6.10.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 10, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

A Volume Weighted Average Price Spread tool to gauge the quarterly roll over activity in the Mini S&P market.:

http://www.cmegroup.com/trading/equity-index/paceofroll/main.html

September is now FRONT MONTH for index, currencies and financial futures. Examples are mini SP 500, Euro currency, Treasury bonds.

Should you have any further question please contact your broker.

Continue reading “Front month for e-minis and currencies is now September 6.10.2016”

Rollover Notice for the Emini Futures 6.09.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 09, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” -Sir John Templeton
Weekly chart of Dow Jones Cash below for your review.

Dow Jones Cash Weekly Chart

Rollover notice!!

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, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, June 9th, at 8:30 am CDT  Time is rollover day.

Starting June 9th, the September 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2016 contract as of June 9th. Volume in the June 2016 contracts will begin to drop off until its expiration on Friday June 17th.

The month code for September is U6.

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

Please close any open March Currency positions BEFORE the close on Friday the 10th.

Should you have any further question please contact your broker.

Continue reading “Rollover Notice for the Emini Futures 6.09.2016”

Trading ALGOS free trial 5.26.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday May 26, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!  

Trading Algos

What are the trading algos?

Through my job as a broker I have spent 100’s of hours researching the markets in attempt to gain an “edge” and be able to assist my clients better. The results are a family of studies and trading conditions I programed and tested, that i feel comfortable using to analyze the markets. I use my ALGO’s in different ways in the trading program REN18 and I use them also when looking at the markets in different time frames.

Obviously there is more to trading than just studies. There is trade management, entry and exit techniques, fear and greed and much more….but I hope that you can evaluate the studies/ ALGOs and decide if it can be of help in your trading.

I currently have 3 main ALGOS I use in my managed accounts and offer for clients to use either with E-Futures, Sierra charts or CQG charts ( both CQG IC and CQG Q trader) – all charting packages offers free trial.

Diamonds: DIAMONDS are an algorithm I came up with as I was designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal. The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not. RED diamonds suggest possible short term top. Green or blue diamonds suggest possible short term bottoms. Like any other indicator, trading strategy, we simply don’t know what the future will bring, in our case the next few minutes, sometimes seconds…hence the use of the term “suggested”.

ILM: ILM produces arrows on the charts that signal potential change in direction/ momentum. The ILM is based on moving average, volatility system and momentum.

F50: The F50 tries to measure institutional activity that may lead to continued momentum within larger time frame. It looks for correlation with volatility systems and attempts to sense possible continuation of immediate trend.

I like to use my studies and ALGOS on either volume and range bar charts when it comes to short term trading and 15 minutes, hourly and daily charts when it comes to longer term day trading as well as swing trading.

Futures Trading Blood Type 5.20.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday May 20, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

No words of wisdom today….. 

Instead, good reading material at:

What’s Your Trading Blood Type?

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.