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Tag: futures trading

Futures Trading Levels, Proceed With Caution

Posted on by Ilan

When markets trade with such high volatility, one must understand the enviroment he or she are trading in, which is quite different from the enviroment of a few weeks ago.

Ranges are wider, speed is faster and volume is higher. You must take that into account, adjust your trading accordingly and make sure that you set limits as far as your daily risk is concerned and not allow for one trade or one trading day to wipe your trading account.

I wrote more about the topic in an article called: “Survivor day-trading.”

In between, daily chart of Mini SP for your review below. I ran some FIB extensions and the next target if this sell off continues is 1238.75:

Daily Chart of the Mini S&P 500 from August 2nd, 2011

Daily Chart of the Mini S&P 500 from August 2nd, 2011 Continue reading “Futures Trading Levels, Proceed With Caution”

Futures Trading Levels, Increasing Volatility Amid the Debt Crisis

Posted on by Ilan

Daily chart of the mini Sp 500 for your review below along with levels to watch, volatility is INCREASING and one should always be ready for the unexpected with the US “debt battle” taking place. 1291.25 will be a key are to watch.

Daily Chart of the Mini S&P 500 from July 28th 2011

Daily Chart of the Mini S&P 500 from July 28th 2011 Continue reading “Futures Trading Levels, Increasing Volatility Amid the Debt Crisis”

Futures Trading Levels, Continued Debt Battle and More Volatility

Posted on by Ilan

Our weekly futures trading newsletter was published today.

Daily chart of the mini Russell 2000 for your review below, volatility is INCREASING and one should always be ready for the unexpected with the US “debt battle” taking place. 890 seems to be next objective on the way down.

Daily Chart of the Mini Russell from July 27th 2011

Daily Chart of the Mini Russell from July 27th 2011 Continue reading “Futures Trading Levels, Continued Debt Battle and More Volatility”

Futures Trading Levels, Display of the Diamond Algorithm

Posted on by Ilan

Hourly chart of the mini SP for your review below. Wishing all of you a great weekend!!

Hourly Chart of the Mini S&P from July 22nd 2011

Hourly Chart of the Mini S&P from July 22nd 2011

Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.

If so, please send me an email with the following information:

  1. Are you currently trading futures?
  2. Charting software you use?
  3. If you use sierra or ATcharts, please let me know the user name so I can enable you.
  4. Markets you currently trading? Continue reading “Futures Trading Levels, Display of the Diamond Algorithm”

Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data

Posted on by Ilan

Cannon Trading / E-Futures.com

Market sold off on bearish jobs data earlier this morning. We saw a good bounce in the last half of the trading session.

Looking at the Mini Dow Jones daily chart below, I will need to see a break below 12528 in order to get more confidence that the trend is starting to reverse and that odds prefer the down side.

Daily Chart of the Mini Dow Jones from July 8th 2011

Daily Chart of the Mini Dow Jones from July 8th 2011

Would you like to have access to my DIAMOND ALGO as shown aboveand be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.

If so, please send me an email with the following information:

  1. Are you currently trading futures?
  2. Charting software you use?
  3. If you use sierra or ATcharts, please let me know the user name so I can enable you.
  4. Markets you currently trading? Continue reading “Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data”

Futures Trading Levels, Holiday Trading Hours

Posted on by Ilan

Cannon Trading / E-Futures.com

HAPPY 4TH OF JULY!!

Click for a PDF of the CME Group Holiday Calendar

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is 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.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, Holiday Trading Hours”

Futures Trading Levels, July 4th weekend Trading Hours

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great trading month in July and Happy 4th of July weekend!

Daily chart of Mini SP 500 for review below, followed by Holiday hours.

The 1321 to 1323 area may prove to be hard resistance to break. Also last few months I have noticed a rally the last day of the month, followed by a sell off the first or second trading of the month….**

Daily Mini S&P 500 Chart from June 30th, 2011

Daily Mini S&P 500 Chart from Thursday June 30th, 2011

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is 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.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, July 4th weekend Trading Hours”

Futures Trading Levels, Independence Day Weekend Trading Schedule

Posted on by Ilan

Cannon Trading / E-Futures.com

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago
Closed

NYSE
Closed

Forex
Regular Open

Monday, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

*All hours listed in Central Time

The above calendar is 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.

If you have any questions please contact your broker.

Continue reading “Futures Trading Levels, Independence Day Weekend Trading Schedule”

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.