Open An Account
Free Demo Account Subscribe Here

Tag: #smfe

Creating Effective Trading Technique Strategies + Levels for May 8th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1144

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – CPI, PPI, Crop Reports is this Week!
  • Trading Resource of the Week – FREE Trading Psychology Course
  • Hot Market of the Week – July Bean Meal
  • Broker’s Trading System of the Week – Browse Hundreds of “Hands Free” Systems
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices

This week we have CPI, PPI and crop report!
75f672fe 8695 4e67 94a2 e7167a2bf312

  • Trading Resource of the Week – Get An Edge With the Trading Psychology Course FREE

Trading 102: Commitment of Traders Report – What Lies beneath

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
In this “Trading Psychology” Course you will learn:
  • How to examine your patterns and behaviors and recognize when they are holding you back
  • Maintaining self-confidence as a trader even in the face of inexperience
  • The mathematical expectation model and how it can decrease your losses
  • Determining the trading plan that is right for your trading personality
  • Understanding and using Motivation – Risk – Reward to its full advantage
  • Creating effective trading technique strategies
  • Qualities of Successful Traders

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
July soybean meal completed its second downside PriceCount objective in March and corrected higher. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the $412 area where it will be normal to see some consolidation price action.
PriceCounts – Not about where we’ve been , but where we might be going next!
July Soybean Meal Chart
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39

  • Hundreds of “Hands Free” Automated Systems to Choose from!

Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for May 8th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

146bcea1 ea34 4261 8811 cb506ef21602

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
2699a4b6 07ff 4bc0 add6 e1e0a71e731e

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

NFP Jobs Data Tomorrow – What to Expect?

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Preview: Nonfarm Payrolls due Friday 5th May 2023 at

13:30 BST / 08:30 EDT

Provided by our friends at NewSquawk. Get a free trial to audio and text breaking news alerts as well as commentary

SUMMARY: Headline NFP is expected to rise by 180k in April, cooling from the prior 236k while the unemployment rate

is seen ticking up slightly to 3.6% from 3.5%. The wages will be eyed to gauge inflationary pressures, and M/M wages are expected to maintain a pace of 0.3% while the Y/Y is seen rising 4.2%, the same pace in March. Labour market proxies have been mixed: initial jobless claims rose in the week that coincides with the BLS survey period, while continued claims moved lower; the ADP added jobs well above expectations, but wages were cool; ISM Manufacturing employment gauge returned to expansionary territory, and the Services employment remained in expansionary territory,

but it did slow from March.

The jobs report will be used to gauge the Fed’s next move, whether that be a pause, or lead to some “additional policy firming”, but it is worth stressing there is plenty of data between now and the June 14th FOMC, while the expected and actual tightening of credit conditions will also be key, particularly after First Republic (FRC) saga and more recently, PacWest (PACW) exploring options.

EXPECTATIONS: Headline NFP is expected to show 180k jobs were added in April, down from March’s 236k, while analyst forecasts range from 94k-265k. This compares to the 3-,6-, and 12-month averages of 345k, 315k, and 345k, respectively. 180k would mark a cooling in the growth of the labour market to levels more consistent with pre-COVID trends, coming down from extremely hot levels. The unemployment rate is seen rising to 3.6% from 3.5%, with forecasts ranging between 3.4-3.7%, but still well below the FOMC’s median view of 4.5% by year-end and at 4.6% by the end of

2024.

READ FULL REPORT NOW

6de6cb82 fc05 48ed 9fdb 51bb8252feb9

 

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 05-05-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

65a122ab b6f6 4d20 9633 8b209e1b4e64

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Crude Oil Futures Market Outlook, Jobs Data and More

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The rest of the week in futures markets:

By Mark O’Brien, Senior Broker

Today’s FOMC trading volume on the ES was one of the lowest I ever seen o an FOMC day!!

Over the weekend of April 1-2 – one month ago, Saudi Arabia and other OPEC+ oil producers announced cuts in their collective crude oil output that amounted to about a million barrels per day. Prior to the announcement – a surprise before the group’s ministerial panel meeting on Monday where analysts expected the oil cartel would hold steady on production – front month crude oil futures had dropped to near 15-month lows approaching $70 barrel. At Sunday’s opening of trading, crude prices gapped up over $5.00 per barrel.

 

If as some analysts surmised after the cuts were announced, which was that OPEC+ was taking pre-emptive steps in case of any possible demand reduction, they were dead on. Since then, renewed fears of recession in the U.S. (seemingly a constant over the last 12 months or so) have once again stoked demand fears in the energy sector. June crude oil futures have since filled the price gap created on that Sunday opening in early April and have continued falling. As of this typing, crude has sliced ±$15.00 off its post-announcement high, through $70.00 per barrel and is currently hovering near $69.00. Even this week’s news of another Iranian seizure of a foreign-flagged oil tanker in the Persian Gulf and yesterday’s much-larger-than-expected decline in crude oil stocks – 3.9 million barrels – failed to quell bearish sentiment. Keep an eye on this Friday’s jobs data as the report now stands in front of a significant crude oil sell-off with the numbers more capable than usual to drive the direction of crude oil near-term.

6de6cb82 fc05 48ed 9fdb 51bb8252feb9

 

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 05-04-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

FOMC, Earnings, NonFarm Payrolls Ahead

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The week Ahead:

By John Thorpe, Senior Broker

The Week ahead…. FOMC, More Earnings, earnings ,over 2000 companies reporting, who’s got the earnings ! another heavy week of earnings reports, AMD, Pfizer, Apple Headline earnings this week, both AMD and Pfizer are tomorrow, Pfizer pre opening and AMD after the close.. Apple reports after the close on Thursday May 4th.

FOMC WEEK! but wait! that’s not all… NonFarm Payrolls Friday morning before the open. This week, the fed fund futures market is anticipating a 92% probability of a .25 rate increase.. in spite for the suffrage of some banks and confidence of many depositors. Probabilities are measured thru the CME FedWatch tool, what happened to the other .08% probability? that’s what has been assigned to the” remain @ 4.75-5.0 percent” at the fed window. Wednesday @2pm EDT is the rate announcement followed 30 minutes later by the Honorable Fed Chair Jerome Powell’s statement followed by a brief q &A language is key in these matters to see if the Federal Open Market Committee thinks it’s time to lay of the gas for the near future.

Lastly, Friday NonFarm Payrolls are to be released as they tend to be on the 1st Friday of the new month for the prior month,, here are the anticipated results, any real numbers that differ from the anticipated numbers will always move the market as the anticipated set of data tends to have already been discounted by the market.

b9afd745 10f1 4d8d 8f0f 2664059dee57

 

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 05-02-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

dde3651e 7fa5 4d89 a5d3 a8b9afc08623

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter: What are the big boys up to? + Levels for May 1st, 2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1143

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – FOMC is this Week!
  • Trading Resource of the Week – What are the “Big Boys” Up To?
  • Hot Market of the Week – June Heating Oil
  • Broker’s Trading System of the Week – Free Consultation
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – FOMC this week with statement and rate decision due Wednesday

The following are my PERSONAL 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    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.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

  • Trading Resource of the Week – What are the Big Boys up to?

Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:
* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
June heating oil completed its second downside PriceCount objective last month and corrected. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the 2.05 area
PriceCounts – Not about where we’ve been , but where we might be going next!
b2c3d9f4 99a2 455a b72a 416288969a5e
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39
Are you too busy to trade? Perhaps you’re not confident enough and you’re trading. Maybe you’re looking to the diversify your own trading with algorithmic trading or what we call automated trading. One of the best resources you can utilize is our Brokers will be happy to provide feedback and consultation based on your specific needs, risk tolerance, and goals.
Take advantage of our knowledge and experience and book a FREE, no obligation consultation.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for May 1st, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

6bd40aab cd97 41da b88b a89bc10c8efb

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
1e46e47f 42e8 4ed1 90f7 9b978cf54db6

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

NQ trading at resistance! + PCE & Chicago PMI Tomorrow

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Last trading day of April tomorrow!

See reports section below:

PCE

Univ. of Michigan

and Chicago PMI tomorrow can inject additional volatility into the market.

Both ES and NQ are trading against intermediate resistance level.

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 04-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

88d884e9 0972 4bd7 9bbd 271add22465c

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Nano bitcoin futures and Nano Ether futures + Futures Levels 4.26.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Coinbase Derivatives Exchange (CDE) Nano Bitcoin and Nano Ether Futures Contracts are now available on E-Futures Int’l trading platform. Cannon Trading, through our clearing partner, StoneX Offers Clients Access to Coinbase Derivatives Exchange Contracts Cleared by Nodal Clear | Business Wire

E-Futures Contract Symbols

Nano Bitcoin = BIT

Nano Ether = ET

Contract Specs

Coinbase_Derivatives_Nano_Bitcoin_Spec_V2.pdf (ctfassets.net)

Coinbase_Derivatives_Nano_Ether_Spec_V2.pdf (ctfassets.net)

Plan your trade and trade your plan. 

ac6683dd 071f 4f97 96dd d187d2800712

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 04-26-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

e12229ab f425 47ed ab9f b4d2961ce1e8

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Earnings Ahead!, Future Markets to Watch + Trading Levels 4.25.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The week Ahead:

By John Thorpe, Senior Broker

Amazon, Alphabet, Microsoft other companies scheduled to report this week represent a broad section of the economy. B of A, Visa , Mastercard, Meta platforms another big tech co laying out the numbers for all to see. It will be interesting to see how the tech sector reports since the recent rally was largely lead by the tech sector as the industry has been actively trimming head count for the past 9 months. When you read or hear these earnings reports (the past) it’s critical to pay attention to forward looking statements (the future) that will form an economic forecast of sorts for you. File that away in your cranium as you accumulate these forward looking statements from the large corporate CEO’s and COO’s . As you compile the aggregate , you will have a better sense of where our economy is headed.

On the economic numbers front pay attention to Housing date tomorrow, the 25th , Durable goods on Wednesday the 26th and GDP, jobless claims on Thursday the 27th. there is plenty of data coming this week to expose the markets to tide after tide after tide of highs and lows from which to trade.

Plan your trade and trade your plan. 

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 04-25-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

ec9f8b5d 92db 433a a231 104ca326975a

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter: How to utilize Bollinger bands and Parabolics When Trading Futures + Trading Levels 4.24.2023

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1142

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – July is now front month
  • Trading Resource of the Week – Trading Videos to Expand your Trading
  • Hot Market of the Week – Kansas City Wheat Calendar Spread
  • Broker’s Trading System of the Week – Crude Oil Intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Important Notices – July Grains and Softs

If you are trading wheat, beans, corn or coffee, sugar and cotton to name a few markets, it is time to start trading the July contract rather than the may contract which goes into delivery. The July contract now has higher volume and open interest and is considered front month

  • Trading Resource of the Week – Trading Videos

Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
1. Using Bolinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
The July- December Kansas City wheat spread satisfied its first upside price count objective to start the month and has been in a corrective posture sense. If the chart can extend its rally with new sustained highs the second count would project a run to the 15-cent area
PriceCounts – Not about where we’ve been , but where we might be going next!
156158cd c2e4 4fd0 898a 83acc2ce57f3
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
3b644da2 2bee 4d39 8d98 5208a20bec39
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$12,000
0977b6f5 b42d 4efd b539 330f45ed6a63
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

  • Trading Levels for Next Week

Daily Levels for April 17th, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Weekly Levels

877df60b b8fd 40de b3f0 1ab9c022c3c9

 

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
04432327 729f 4759 8297 917e597c95f6

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Futures Trade Alerts you can PLUG in Sierra Charts + Trading Levels 4.21.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

July is front month for GRAINS and SOFTS.

Flash PMI tomorrow.

Would you like to try the signals below on your own charts? The below is ES 10,000 volume chart from today’s session.

Get your FREE TRIAL today.

 

08fbac03 decd 4f77 ad76 b6420d06c15a

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

Plan your trade and trade your plan. 

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

for 04-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

3b644da2 2bee 4d39 8d98 5208a20bec39

Economic Reports, Source: 

Forexfactory.com

 

257fd2ae 53c2 4fc3 b5fc ddecab581576

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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.