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Tag: futures trading

Futures Trading Levels and Weekly Futures Trading Newsletter January 27, 2011

Posted on by Ilan

Some excellent reading material about trading psychology which I personally think is BIG part of trading on our weekly newsletter:
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https://www.cannontrading.com/community/newsletter/
****************************************************************** Continue reading “Futures Trading Levels and Weekly Futures Trading Newsletter January 27, 2011”

Futures Trading Levels and Economic Reports for January 26, 2011

Posted on by Ilan

We should see volatile next 24 hours.

State of the Union tonight and tomorrow we have FOMC statement.

I shared the Dow Jones Cash index yesterday so i am providing an updated chart from today in which I actually got a potential sell signal.

As you can see we have a RED diamond appearing ahead of tomorrows open, the way I like to trade this signal is by entering on a stop, so in this case I will wait to see if Dow Jones Cash trades below today’s low at 11898 and only then I would have higher confidence to be short.

Below the chart, please review some notes i wrote for FOMC days:

SP-500-Day-Trading-2011-01-26 Continue reading “Futures Trading Levels and Economic Reports for January 26, 2011”

Futures Trading Levels and Economic Reports for January 25, 2011

Posted on by Ilan

I wrote the following last Thursday as SP, NASDAQ and Russell 2000 were selling off a bit:”Last two days we saw the first meaningful price decline in more than a few good weeks.

Still we are not getting a confirmation from the Dow Jones index that this potential
I would like to see for a larger scale sell off. ”

So while I still think stock indices are over valued and due for a correction, I definitely don’t think it is wise to try and “predict tops and bottoms” and in this case it is trying to pick tops.

I rather wait for a good signal along with good risk/ reward set up.

The chart below if of the Dow Jones CASH INDEX (not the futures contract). I would take a shot at a short position if the cash can break below 11,862, otherwise it looks like the Dow may want to work its way towards the 12439. I use this technique of entering certain positions if prices break above or below certain levels as it gives me more confidence in market direction. I call it “Price Confirmation”

SP-500-Day-Trading-2011-01-25

Past results are not necessarily indicative of future results.
The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition. Continue reading “Futures Trading Levels and Economic Reports for January 25, 2011”

Futures Trading Levels and Economic Reports for January 21, 2011

Posted on by Ilan

Last two days we saw the first meaningful price decline in more than a few good weeks.

Still we are not getting a confirmation from the Dow Jones index that this potential
I would like to see for a larger scale sell off.

Below you will see a daily chart of the mini NASDAQ 100 contract along with some potential levels.

SP-500-Day-Trading-2011-01-21 Continue reading “Futures Trading Levels and Economic Reports for January 21, 2011”

Futures Trading Levels and Weekly Newsletter, January 20, 2011

Posted on by Ilan

Great articles about trading psychology on our weekly newsletter at:
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https://www.cannontrading.com/community/newsletter/

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I think every trader should read these articles and the new ones to folow next week. Continue reading “Futures Trading Levels and Weekly Newsletter, January 20, 2011”

Futures Trading Levels and Economic Reports for January 19, 2011

Posted on by Ilan

Below is a screen shot from the daily service I hold, called NAZLAN live charts or as some know it, daily webinar.

I think the term live charts is a better description for the service being offered, which you can have a free trial to until Jan. 28th, EVEN if you have had one before.

Sign up at: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Every day around 8:30 AM central, I send an invite code where one can log in and view my live screen that includes 3 charts. Mini SP500, euro currency futures and crude oil futures. The charts include a few set ups that I like to use for intra-day trading along with some notes and general observations of the market for that day.

The corner stone of the charts is the “DIAMOND algorithm” I developed over the last couple of years, which I explain in details during the sessions and that I personally found as one leading indicator that gives me confidence to take certain day-trading set ups. The screen shot from todays webinar may provide a visual for what I just wrote above….

Upper left corner is small image of Euro currency chart, lower left is of the Crude oil and large right is of the mini SP 500. Actual size during the live service is much larger…..

SP-500-Day-Trading-2011-01-19

After the free trail, if you decide to subscribe, the cost of the service for CANNON trading clients is $119 per month and for non CANNON trading clients, the cost is $299 per month.

*** Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

In no event should the content of this newsletter be construed as an express or implied promise, guarantee or implication by or from, Cannon Trading or it’s affiliates, that you will profit or that losses can or will be limited in any manner whatsoever. Continue reading “Futures Trading Levels and Economic Reports for January 19, 2011”

Futures Trading Levels and Economic Reports for January 18, 2011

Posted on by Ilan

Wishing a nice long MLK weekend!

Trading hours at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2011-martin-luther-king.pdf

Our office is closed Monday but our night desk is open Sunday night and Monday night. Continue reading “Futures Trading Levels and Economic Reports for January 18, 2011”

Futures Trading Levels and Economic Reports for January 14, 2010

Posted on by Ilan

Stock futures indices are “boring”..slow movement, lack of “fear” and just gradual, slow move up.

On the other hand we have markets like Euro, Crude, grains etc. that have large intraday ranges, volatility and speed. Factors i think day-traders are looking for.

With that being said, we do have a day full of reports tomorrow ahead of long MLK weekend, so we’ll see if this wakes up stock indices a bit. Continue reading “Futures Trading Levels and Economic Reports for January 14, 2010”

Futures Trading Levels and Weekly Newsletter for January 13, 2011

Posted on by Ilan

Our Weekly Futures Trading Newsletter is Ready for Your Review at:
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https://www.cannontrading.com/community/newsletter/
********************************************************************* Continue reading “Futures Trading Levels and Weekly Newsletter for January 13, 2011”

Futures Trading Levels and Economic Reports for January 12, 2011

Posted on by Ilan

Market is still locked in a range….so far in 2011, the March SP500 been trading between 1255 and 1277….My feeling is that by Thursday we should break out one way or the other as the market awaits some economic reports and earnings are being released.

In between, you are welcome to check out our “Live Charts” service which I run daily.

Subscribers get a daily invitation to view my charts ( sample from todays session below). I share my charts, notes, set ups, trade philosophy and more for the mini SP, crude oil and Euro currency markets. For 2 week free trial (no repeat trials), please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP-500-Day-Trading-2011-01-12

There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products.
Past performance is not indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for January 12, 2011”

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.