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Tag: futures trading

Using Tick and Volume Charts for Future Day Traders 4.22.2016

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 April 22, 2016

Hello Traders,

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

Voted #1 futures trading blog!

Greetings!

Why I like to use tick and volume charts for scalping

Today I decided to touch more on an educational feature rather than provide a certain market outlook.

Many of my clients and blog readers know that when it comes to short term trading I am a fan of using volume charts, tick charts, range bar charts and Renko charts rather than the traditional time charts like the 1 minutes, 5 minutes etc.

My rule of thumb is that if you as a trader make decisions based on charts that are less than 15 minutes time frame, it may be worth your time to research, back test and do some homework as to potentially using other type of charts like volume charts , Range charts etc.

Volume charts will draw a new bar once a user defined number of contracts traded. Example mini SP 10,000 volume chart will draw a new bar once 10,000 contracts traded.

Range bar charts will draw new charts once price action has exceeded a user pre define price or ticks range. Example might be an 18 ticks range bar chart on crude oil.

Continue reading “Using Tick and Volume Charts for Future Day Traders 4.22.2016”

25 Proven Strategies for Trading Options 4.20.2016

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 Wednesday April 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!

Greetings!

25 Proven Strategies for Trading Options

by CME Group

If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspreads and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.

25 Proven Strategies for Trading Options

Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements. To learn more about CME Group options, you can also visit our Options page.

Complete the simple form below and you will receive a link to download the 25 Proven Strategies brochure immediately.  This eBook is free to you and no-obligation.  Learn about the 25 Proven Strategies for trading options on CME Group Futures for FREE!  

Don’t wait… Download the eBook “25 Proven Strategies for Trading Options” NOW! 

Helpful Tips to Trade on the E-Futures Platform 4.12.2016

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 Tuesday April 12, 2016

Hello Traders,

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

Greetings!

Making the most of your trading DOM with E-futures Int’l trading software:
Down below you will find helpful tips and setups I use when I trade on the E-Futures platform. In today’s e-mail, I share some tips that assist me in making the most of the trading DOM. I have used the platform for the past ten years and finds the platform to be the whole package for day traders, option traders, swing traders and all other traders in between.

The default Dom comes up like shown below:

E-Futures Platform

Continue reading “Helpful Tips to Trade on the E-Futures Platform 4.12.2016”

Free Futures Trading Resources 4-08-2016

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 April 8, 2016

Hello Traders,

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

Greetings!

Browse and use our FREE Trading Resources for Futures and Commodities

Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System

Continue reading “Free Futures Trading Resources 4-08-2016”

Futures Contracts: Crude Oil, Coffee & US Bonds 1 Min Charts 4.01.2016

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 April 1, 2016

Hello Traders,

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

Greetings!

Per my blog from yesterday about the last trading day of the month…I am including 3 charts, all are 1 minute charts for coffee, US bonds and crude oil futures….Take a look on what happened in the last 7-10 minutes….

Also tomorrow is monthly unemployment, please see quick paragraph below from our friends at TradeTheNews.com 

Trading Volume Picks up in Futures Markets 3.30.2016

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 Wednesday March 30, 2016

Hello Traders,

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

Greetings!

Today was such a different day than yesterday….
Yesterday we had low volume, Europe off and very little movement.

Today Europe was back, Yellen was talking and we had some very strong moves and much better volume…

On a different note, ICE exchange is going to start charging $110 per month and in some cases more as monthly fee for their data!
We are here to provide ideas and solutions if you need help with this one.
Just pick up the phone and call 800 454 9572 or +310 859 9572 and we will be happy to help!

Here is the full notice:

Please review the following announcement from the ICE Exchange as it relates to your account: Effective April 1, 2016, data fees will be applied for all recipients of real time ICE Futures market data including subscribers receiving data from Independent Software Vendors (ISVs), Futures Commission Merchants (FCMs), Introducing Brokers (IBs) and/or Network Providers.

Continue reading “Trading Volume Picks up in Futures Markets 3.30.2016”

Globex & ICE Good Friday Holiday Futures Trading Schedule 2016

Posted on by Ilan

Globex Good Friday Holiday Futures Trading Schedule 2016

Globex Good Friday Holiday Futures Trading Schedule 2016
Globex Good Friday Holiday Futures Trading Schedule 2016

More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2016-good-friday-holiday-schedule.pdftrans

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Ice Futures Good Friday Holiday Futures Trading Schedule

March 25 2015

Good Friday

All UK Markets are closed

ICE Futures US Soft’s, US Grains and Oilseeds, Metals & FIN Gas Power and Emissions all CLOSED

USDX Index & FOREX Early Close – 11:15 am No TAS trading

Russell, MSCI Equity, NYSE ARCA Gold Miners Index Early Close – 9:15 am No TAS trading

ICE Clear Europe CDS – Bank Holiday

ICE Futures Canada – All Markets Closed

Continue reading “Globex & ICE Good Friday Holiday Futures Trading Schedule 2016”

Look Before You Leap 3.18.2016

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 March 18, 2016

Hello Traders,

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

Greetings!

A great trading advice  by my colleague, Steven Nimerov who has over 25 years of experience starting on the floor of the CME.

“Look Before You Leap”

On the way to becoming a successful Futures trader you will incur many losses.
That I can attest to.

One way to guarantee you will never be a successful trader is by taking “out sized” losses.

There was a time, in my 40 year career, that I would get an idea, in my head, that I had to be in a market, jump in and then look at where a proper stop loss would have to be placed and panic because the loss would be too great if the stop loss was reached.
So being the rookie that I was, I would place what was known as a “money’ stop, which is one that is based on how much money I was willing to risk rather one that was based on support or resistance.

Continue reading “Look Before You Leap 3.18.2016”

Managing Your Futures Trading/Position 3.15.2016

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 Tuesday March 15, 2016

Hello Traders,

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

Greetings! 

FRONT MONTH for STOCK INDEX is JUNE!!

A note on managing trade size by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.

Managing your trading/position size is crucial to long term success regardless of style.

Daytrading, Swing or long term position trading.

In order to select the size you will employ make a mental note of three things before you trade.  The Foundation of Trading your plan is first determining the size you will be employing, the number of contracts.

We must assume your risk capital is fixed.

1)  How liquid is the contract I will be trading?

Are there frequent price gaps, lack of continuity with bid/ask spreads.

What is the Open Interest and Volume relative to other contracts in the same industry, index , futures contract type.

Continue reading “Managing Your Futures Trading/Position 3.15.2016”

The Power of Diversification When Trading 3.08.2016

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 Tuesday March 8, 2016

Hello Traders,

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

Greetings!

The Power of Diversification When Trading

I believe that if you are only trading (daytrading) one market you may be missing out on diversifying yourself by trading other markets.

Just like if you have a portfolio that is not diversified, you expose yourself to more risk, I think the same holds with futures.

I like to daytrade at least 3 markets or at least follow 3 markets and see which ones offers set ups that I like. If you only trade the ES, you will have many days during the year where there is lower volatility, tight ranges and perhaps just “dead days”. However if you are also following bonds and crude oil you have better chances to get in trade set ups that you prefer. Not only that there are times that one trade will make up for another one that is not going so well etc.

Continue reading “The Power of Diversification When Trading 3.08.2016”

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.