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Tag: futures trading

Futures Market Recap & Futures Levels 4.21.2015

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 Tuesday April 21, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Big turn around on equities between Friday and today thanks to China news….will be interesting to see what tomorrow will bring…..

From our friends at TradeTheNews.com weekly summary below, followed by mid session update from today, to provide you with a bit more of the fundamentals moving the markets:

” The Shanghai Composite rose higher for the sixth straight week, tacking on another 6%, making for impressive rally of over 30% for the year. Investors have been undeterred by the apparent slowdown in the economy, as showcased by Q1 GDP and the bulk of data-points for the month of March. First quarter GDP growth of 7% was right in line with consensus and matched the overall 2015 target but still marked a 6-year low. Retail sales grew just 10.2% y/y, the slowest since February 2006 and missing forecasts. Industrial output grew 5.6%, the slowest since November 2008 and well below estimates at 7%e. Fixed-asset investment grew at a 14-year low of 13.5%.

Continue reading “Futures Market Recap & Futures Levels 4.21.2015”

Day Trading Futures 101 & Futures Levels 4.15.2015

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 15, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Day Trading 101: Tight Stops? Wide Stops? Which one should I Use?

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 adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you. Continue reading “Day Trading Futures 101 & Futures Levels 4.15.2015”

Futures Levels & Economic Reports 4.10.2015

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 April 9, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

There will be no market commentary today.

Continue reading “Futures Levels & Economic Reports 4.10.2015”

Crude Oil Futures & Economic Reports 3.25.2015

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 25, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

One of my favorite markets for day trading is crude oil. Actually not this month… it has taken way too much money out of my system… but normally it is. I like the fast action and some of the set ups both fear and greed present in this market.

Tomorrow is API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time.

Observe crude oil futures tomorrow during the time of report to get a feel.

If you never traded crude oil futures before, observe for a bit and try doing so in demo mode first.

I wrote an article about this topic, you can access at:

https://www.cannontrading.com/community/newsletter/Day-Trading-Commodities-with-Crude-Oil-Futures#one

Continue reading “Crude Oil Futures & Economic Reports 3.25.2015”

Futures Trading Levels & Economic Reports 2.26.2015

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 February 26, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

I thought the following information is very interesting and might actually be useful for traders mostly for swing and day-trading. The chart/link below will provide you with the % correlation between different markets for the past 180 days!
MRCI's Inter-Market Correlations(prev 180 trading days) - Mar 12, 2015
MRCI’s Inter-Market Correlations(prev 180 trading days) – Mar 12, 2015

http://www.mrci.com/special/correl.htm

Continue reading “Futures Trading Levels & Economic Reports 2.26.2015”

Futures Day Trading Pointers & Futures Levels 2.11.2015

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 February 10, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Few pointers for you day-traders out there. I am sure you have heard some from different resources but never hurts to read and absorb this again:

  1. Be patient
  2. Limit the number of hours you trade
  3. Know your DAILY risk before the day begins and this will dictate
  4. the number of contracts you trade
  5. Choose markets with high liquidity. Try to follow more than one market for diversification.
  6.   Know what reports come out every day and their impact on the markets
  7.   Understand that even the best methods will have losing days
  8.   Learn to accept loses
  9.   use RISK CAPITAL only
  10.   Don’t try to trade and do other things at the same time….
  11.   Educate yourself
  12.   Keep a trading journal
  13.   Evolve, be flexible.

Continue reading “Futures Day Trading Pointers & Futures Levels 2.11.2015”

Futures Levels & Economic Reports 2.05.2015

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 February 5, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

The moves on crude oil wow…..

I wrote the following for www.Equities.com yesterday morning with thoughts and chart for review:

http://www.equities.com/editors-desk/stocks/energy/crude-oil-futures-at-crossroad

Continue reading “Futures Levels & Economic Reports 2.05.2015”

Mini S&P Chart & Economic Reports 12.19.2014

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 December 19, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Recent moves in the stock market don’t stop to amaze me…. FED changes language in statement slightly and we jump over 2.5%!!!

Hard to predict what will happen next, at least for me it is. We have seen days where the market closes down sharply only to make a U turn the next day and vice versa.

Below is a daily chart of the mini SP, if we break the recent highs of 2072, then next targets are 2094 and 2170.

EP - E-mini S&P 100, Equalized Active Daily Continuation

Continue reading “Mini S&P Chart & Economic Reports 12.19.2014”

Christmas Holiday Futures Trading Schedule 2014

Posted on by Ilan

Christmas Holiday Schedule 2014


Equity Products

Wednesday, Dec 24

1215 CT / 1315 ET / 1815 UTC – Early close

Thursday, Dec 25

Christmas Day Observed – Globex close

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1615 CT / 1715 ET / 2215 UTC – Regular close

Interest Rate & FX Products

 Wednesday, Dec 24

 1215 CT / 1315 ET / 1815 UTC – Early close

 Thursday, Dec 25

Christmas Day Observed – Globex closed

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1600 CT / 1700 ET / 2200 UTC – Regular close

Energy, Metals & DME Products

Wednesday, Dec 24

1245 CT / 1345 ET / 1845 UTC – Early close

Thursday, Dec 25

 Christmas Day Observed – Globex closed

 1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

Friday, Dec 26

1615 CT / 1715 ET / 2215 UTC –Regular close

*Dates and times are subject to change 1 Last updated 12/9/2014Globex® Christmas Holiday Schedule

Grain, Oilseed & MGEX Products

 Wednesday, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close

 1215 CT / 1315 ET / 1815 UTC – Early MGEX Wheat & Apple Juice close

 1230 CT / 1330 ET / 1830 UTC – Early Mini-Sized grain close

 1230 CT / 1330 ET / 1830 UTC – Early MGEX Indices close

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 0700 CT / 0800 ET / 1300 UTC – MGEX Apple Juice open

 0830 CT / 0930 ET / 1430 UTC – Grain, Oilseed & MGEX products open

Regular Close – Per each product schedule

Livestock, Dairy & Lumber Products

Wednesday, Dec, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close for Dairy futures & Options

 1200 CT / 1300 ET / 1800 UTC – Early close for Lumber Futures

 1202 CT / 1302 ET / 1802 UTC – Early close for Lumber Options

 1215 CT / 1315 ET / 1815 UTC – Early close for Livestock Futures & Options

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 900 CT / 1000 ET / 1500 UTC – Lumber market open

 800 CT / 900 ET / 1400 UTC – Livestock markets open

 905 CT / 1005 ET / 1505 UTC – Dairy markets open

Regular Close – Per each product schedule

  Continue reading “Christmas Holiday Futures Trading Schedule 2014”

Economic Reports & Futures Levels 12.17.2014

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 December 17, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Dec. 17th ).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 1965.00 with a stop at 1959.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1959.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “Economic Reports & Futures Levels 12.17.2014”

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.