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Tag: Silver Futures Trading

Silver Futures & Economic Reports 3.27.2015

Posted on by Ilan

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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 Friday March 27, 2015

Hello Traders,

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

Hello Traders,

I just wrote this one for forexmagnates.com yesterday and wanted to share with you.

Silver Futures at the Crossroads

After a long period of declining prices we finally saw a significant bounce on silver futures over these past couple of weeks. The question I ask myself is: Is this a good place to sell, is this just a bounce/short covering and the trend lower will resume?

OR

Is this rally a beginning of a breakout to the upside and trend reversal?

Only time will provide the correct answer but until then I think the following two strategies are worth looking at:

1.  Sell futures right around the $17 level and place a stop on the short along with another stop to go long if market breaks above $17.30 (see chart below).
2.  Sell call option premium on rallies and sell put option premium on sell offs as we take the assumption that the market will be trading between $16 and $18 for the next few weeks. Selling premium is a dangerous strategy with unlimited risk.

As I don’t see any major changes in the fundamental picture for silver, I like to use the chart and technical studies in an attempt to come up with a good risk-reward trade.

Continue reading “Silver Futures & Economic Reports 3.27.2015”

Futures Levels & Economic Reports 1.23.2015

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 Friday January 23, 2015

Hello Traders,

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

In hindsight it always looks easier…ECB announces QE – “We should have known it was going up….”  In reality the market was very jittery to start the cash session with some very sharp moves lower before it started running up and up….

I think that when this is all said and done, one day down the road, the end result will NOT be pretty for global markets but until then we need to trade what there is and not what we think should be…..

My medium term outlook on Silver Futures as featured in ForexMagnates.com available at:

http://experts.forexmagnates.com/silver-bouncing-lows-waiting-europe-qe/

Continue reading “Futures Levels & Economic Reports 1.23.2015”

Futures Trading Tips, Levels & Reports 8.15.2014

Posted on by Ilan

Hello Traders,

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

 

Just like a basketball player doesn’t just show up for the game a minute before and starts playing, so does a trader need to prepare him/herself for trading.

 

You may not need to warm or shoot around but it definitely does not hurt to visualize successful trading, be rested, relaxed and more specifically, know the following:

 

 

↔What reports are coming out

↔Overview of longer time frames

↔Key support and resistance levels

↔Go over your equity run

↔Make sure your surroundings will enable you to trade

↔Fit trading into your schedule, life style not viceversa

↔E-mail us to be added to a daily newsletter which outlines reports and levels for each trading day

 

 

Continue reading “Futures Trading Tips, Levels & Reports 8.15.2014”

Gold Daily Continuation Chart – Levels & Reports 8.14.2014

Posted on by Ilan

Hello Traders,

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

 

So I was doing some research and signal evaluator work on some candlesticks formation to go along with some of the conditions I like to use and figured might as well share some of the basic knowledge with my readers…

The following is taken from my CQG trading/chart terminal. If anyone is interested in a free trial, feel free to email me or visit our CQG section on our website.

So today, two formations I started exploring:

1. Engulfing Bearish

The Engulfing Bearish formation is, of course, a bearish formation and therefore its symbol (EG) will always appear at the top of the formation. It represents the opposite of the Engulfing Bullish formation. Three criteria establish an Engulfing Bearish formation:

*The market has to be in a clearly definable up-trend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “down” while the first real body should be “up.”

 

2. Engulfing Bullish

The Engulfing Bullish formation is, of course, a bullish formation and therefore its symbol (EG) will always appear at the bottom of the formation. It represents the opposite of the Engulfing Bearish formation. Three criteria establish an Engulfing Bullish formation:

*The market has to be in a clearly definable downtrend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “up” while the first real body should be “down.”

 

824

 

Above is a daily chart of Gold futures, going back to March 17th 2014 where one can see a good example of the ” Bearish EG”  formation and yet in the same exact chart you can see a failed “Bullish EG” formation on May 2nd 2014.

 

Will continue and explore a few other candlesticks formations over the next couple of weeks.

Continue reading “Gold Daily Continuation Chart – Levels & Reports 8.14.2014”

Front Month for Gold Futures is August, Front Month for Bond Futures is September 5.29.2014

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 Thursday May 29, 2014

Hello Traders,

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

 

 

US Bonds front month as of tomorrow is SEPTEMBER.

FRONT month for gold as of tonight is AUGUST.

Indices and currencies are still trading the June contract.

talking about gold, here is a quick piece I did for investing.com a few days ago:

http://www.investing.com/analysis/gold-futures-about-to-break-out,-but-in-which-way-214027

 

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Front Month for Gold Futures is August, Front Month for Bond Futures is September 5.29.2014”

Gold Daily & Trading Levels & Economic Reports 11.13.2013

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 November 13, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Gold and Silver took a hit today, selling off 1% and 2.5% respectively.

Gold and silver are much different markets in my opinion than mini SP or us tbonds for example. Gold, silver and crude oil for that matter are quite volatile with fear and greed playing a bigger role than in other markets. I have seen these markets make some very large moves intraday at times.

I do think that both gold and crude oil are GOOD markets to observe as potential for day-trading as long as you use stops…if you are a trader that “uses mental stops” , these markets are not for you…Good news is that both crude and gold have a mini contract .

Gold chart for your review below with some possible levels to watch for:

GCE - Gold (Globex), Equalized Active Daily Continuation
GCE – Gold (Globex), Equalized Active Daily Continuation

Continue reading “Gold Daily & Trading Levels & Economic Reports 11.13.2013”

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.