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Tag: futures trading

Futures Levels & Economic Reports 4.10.2015

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 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

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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”

Economic Reports and Futures Levels 12.09.2014

Posted on by Ilan

Hello Traders,

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

Hello Traders,

 Today’s correction another opportunity to go long?

To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….

Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.

Some possible levels to watch in the chart below:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi
ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

Continue reading “Economic Reports and Futures Levels 12.09.2014”

Futures Trading Levels & Economic Reports 12.04.2014

Posted on by Ilan

Hello Traders,

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

Hello Traders,

One way to eliminate fear and greed while day-trading:

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

It is a known fact that fear and greed can be one of your worst enemies.

One way I found that helped some clients to deal with the fear and greed and its related cousin, “getting out of winners too soon and staying in losers too long…” is entering multiple contracts when getting into a day-trade.

Obviously, one has to have the appropriate risk capital, margin requirements to do so but the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract ( or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts, that is considered treating your trading size as one unit), you can face a very quick dilemma, especially when day-trading. You get in and very quickly you are up 2 mini SP points….what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?

Continue reading “Futures Trading Levels & Economic Reports 12.04.2014”

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.