Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,
Which Market Should I be (day) Trading?
1. Know and follow more than one market. I think one should have familiarity and follow about 5 different markets ( or more depending account size and time) in general.
2. Understand what type of market conditions you trade better in? Volatile? “dead”, choppy or perhaps trending?
3. Have a view of these markets from longer term outlook and behavior.
4. Trade the markets that fit your strengths.
 
Example: If I am following gold, crude, bonds, mini nasdaq and mini SP for educational purposes….If I know that I trade better in markets that have larger intraday swings and volatility than lets say trending markets or “quiet markets” I would be focusing on the mini NASDAQ as my primary market now days as it is the one fitting my profile the best.
 
If “choppy” markets suits my trading style better, I would probably look at gold as of recently.
 
This will change as markets go through different cycles, from lower volatility to higher volatility. Trending to choppy etc. 
 
Etc. etc. etc. 

If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Continue reading “Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,
Not a busy Friday morning ahead with reports but more than a few fed Speakers schedules to speak tomorrow which can move the markets.
#CL_F Crude oil has traded more volume than the mini SP for the last few days!! heads up.
Keys to Successful Trading:
My colleagues and I were discussing trading methods, techniques and more today in the office. Each of us had an idea as to why such a small percent of traders “makes it ” in the trading business….
I decided to reach out to you and ask you: What do you think are the TOP 3 factors that separates the “men from the boys” in the field of trading?
Feel free to share if you were “able to turn around your trading”, still trying, surviving etc.
To make it easy, simply just hit reply and share your thoughts. We will tabulate and try to analyze the data in hopes of sharing some good insights with all of you.
Thank you in advance!

Continue reading “Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18”

API for Developers 5.7.018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Continue reading “API for Developers 5.7.018”

Trading Signals Free Trial & Futures Trading Levels 4.13.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

Below you will see my chart along with my turning points signals.

This is 10 range bar chart for the mini SP chart which also displays my proprietary ALGOS.

10 range bar chart for the mini SP chart which also displays my proprietary ALGOS

These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Continue reading “Trading Signals Free Trial & Futures Trading Levels 4.13.2018”

Futures Trading Levels & Reports for April 6th 2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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 Three Things to Keep in Mind for Friday’s Employment Report:

  • Overall pace of U.S. hiring has eased to 1.4-1.6% from 2.2% in 2014
  • Average hourly earnings grew by 2.6% yearly since 2016 from 2% 2010 through 2015
  • Does Fed’s current tightening cycle reflect concern over asset prices?
  • Unemployment might be within 0.3-0.6% of hitting bottom at around 3.5-3.8%

Be careful – Volatility is a Double Edged Sword

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Make sure you adjust your trading to the increased volatility!! 

Don’t risk your WHOLE account on one trading day…..approach trading with more of money management/ risk control attitude!! 

We have added some new videos for your review at: 

https://www.cannontrading.com/video_center/

Continue reading “Be careful – Volatility is a Double Edged Sword”

Bank of England Rate Decision Tomorrow Morning + Video Library. 3.21.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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FOMC is behind us but Bank of England will go through the same exercise tomorrow morning early…More volatility anticipated. 

We have added some new videos for your review at: 

https://www.cannontrading.com/video_center/

Did you know that our brokers are available for one on one consultation with clients and prospects?

Our brokers have different strengths, some are focused on spreads, others on options and some are more on the technical side.

As a group we have  strong and solid market experience and will be always happy to set up a time to listen to your needs and offer insight and actionable strategies.

If interested sign up at:

https://www.cannontrading.com/services/traders-profile

Continue reading “Bank of England Rate Decision Tomorrow Morning + Video Library. 3.21.2018”

Trading Week Starts with Strong Sell off – FOMC this Week

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Fed Likely to Sidestep Trade War to Raise Rates on March 21

  • 12 Mar 2018
  • By Bluford Putnam
  • Topics: Economic Events, Interest Rates

The trade war that could stem from U.S. tariffs on steel and aluminum is unlikely to affect GDP, freeing the Fed to raise rates at its March 21 meeting.

Watch Video: http://www.cmegroup.com/education/featured-reports/fed-likely-to-sidestep-trade-war-to-raise-rates-on-march-21.html

Continue reading “Trading Week Starts with Strong Sell off – FOMC this Week”

Educational Videos 3.14.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Rollover Notice 

We are now trading June indices as well as June financials.

  • ESM8
  • NQM8
  • RTYM8
  • YMM8
  • ZBM8 ( bonds)

Currencies will rollover to June starting this week, monitor volume and I like to trade the month with the highest volume BUT regardless by Friday I will start trading June currencies.

Educational Videos

by: Cannon Trading Brokers

Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week’s newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:

  1. Identifying Support And Resistance Using A Line Chart.
  2. Finding Levels of Support Resistance
  3. Day Trading crude oil futures using fear and greed….

Watch Videos

Continue reading “Educational Videos 3.14.2018”