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Tag: Trading Levels

Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use? 10.13.2017

Posted on by Ilan

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

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Dear Traders,

Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use?

Entry signals are very important but just as important if not more is trade management.
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

This article was published on FinanceMagnates.com back in April but is definitely a timeless article.

Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.

Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.

Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of trade management before even entering the trade are: What will my stop loss be**? will I use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?

Read Full Article

Continue reading “Day Trading 101: Tight Stops? Wide Stops? Which One Should I Use? 10.13.2017”

Try our trading signals, Levels & Economic Reports for 10.12.2017

Posted on by Ilan

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

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Dear Traders,

Below you will see signals for crude oil from today’s session. Red square suggest major turning point going lower, red diamond, minor turning point and vise versa with the green circles.

If you like to try the same signals along with a 23 page PDF explaining more on the method, sign up for the free trial here.

Crude Oil Futures Chart

Continue reading “Try our trading signals, Levels & Economic Reports for 10.12.2017”

Using overbought/oversold indicators to day trade crude oil futures, Trading levels for 10.05.2017

Posted on by Ilan

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

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Watch this video recorded a few months back showing one possible technique on how to use overbought/ oversold indicators to trade crude oil futures!

Good Trading

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.

Continue reading “Using overbought/oversold indicators to day trade crude oil futures, Trading levels for 10.05.2017”

Webinar Invite + Levels & Economic Reports for September 28th 2017

Posted on by Ilan

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

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Please register for “How Market Profile changed the way volume is analyzed daily by institutional traders” on Oct 3, 2017 1:00 PM PDT at:

https://attendee.gotowebinar.com/register/3635216724538295298 

Join us for a 60 -minute webinar on Tuesday October 3rd at 3:00 P.M., Central Time.

Steve Dahl of TASMarketProfile will review:

  1. How Market Profile changed the way volume is analyzed daily by institutional traders.
  2. How to identify high-probability setups and attractive risk/reward trades.
  3. How to filter through market noise and pinpoint fast-moving breakout moves.

Don’t wait, seats are limited. 

BONUS: Attendees get TAS Fast Track Market Profile Video Course 100% FREE! (a $97 value)

Reserve Your Seat Now!

Continue reading “Webinar Invite + Levels & Economic Reports for September 28th 2017”

World Cup Championship + Levels & Economic Reports for September 26th 2017

Posted on by Ilan

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

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The World Cup Championship of Futures Trading is proud to announce
The Q4 Equity Index Futures Trading Championship.

This is a Real Time, Real Money Event Featuring CME Group® Equity Index Futures & Options Products including:

     E-Mini Russell 2000
E-Mini S&P 500
E-Mini NASDAQ100
E-Mini Dow
NIKKEI 225 and more…

For more details please click here: https://www.cannontrading.com/tools/worldcup

Futures and forex trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product. CME Group is the trademark of CME Group, Inc. The Globe logo is a trademark of Chicago Mercantile Exchange, Inc. Continue reading “World Cup Championship + Levels & Economic Reports for September 26th 2017”

Gold Outlook and Levels 9.19.2017

Posted on by Ilan

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

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Front month for crude oil futures is now November.

The October crude oil is going into delivery so be aware and start trading the November contract. ( X= November)

Currencies, Stock Indices, metals, financials are all December contract. Z= December.

We are here to help. If you are not sure what month to trade or just need someone to talk about the markets, give us a call or reach out to us via the web.

Futures trading is not easy, no need for you to trade all alone. use us and our combined resources and experience.

On a different note, you can read my latest speculation regarding gold futures at:

https://www.equities.com/news/gold-prices-moving-higher-or-taking-a-break

Continue reading “Gold Outlook and Levels 9.19.2017”

Rollover notice, Grain Report Video Outlook + Levels for 9.12.17

Posted on by Ilan

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

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Please be advised of these CME key margin changes:

ES, $4620 –> $4950

NQ, $4290–> $4950

RTY (emini Russell on CME), $2,750 –> $3025

SI, $5400 –> $5900

HG, $2750 –> $3150

Front month for e-minis, gold, silver, bonds is December.

VIDEO: Industry experts preview the September 12th Crop Production report focusing in on the Agricultural Markets. Watch video here.

Continue reading “Rollover notice, Grain Report Video Outlook + Levels for 9.12.17”

First Notice days for specific Futures contracts are coming up! 8.24.2017

Posted on by Ilan

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

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Heads up Regarding approaching first notice ( FN) and Last Trading days (LT)

Since there are so many of the September futures contracts traded across so many different commodities.

Here are dates you need to be aware of so you don’t run into delivery hassles.

Cash settled or financially settled products do not have a first notice day since there is no delivery.

For the Deliverable futures contracts, please pay attention to the following Dates for September contracts.

You must be out or rolled into the next contract before First notice day.  Unless you are a bonaFide Hedger.

Please use Monday, August 28th

through Wednesday the 30th to adjust your positions.

Continue reading “First Notice days for specific Futures contracts are coming up! 8.24.2017”

FOMC is behind us. There other markets to daytrade besides the ES….. 7.27.2017

Posted on by Ilan

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

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FOMC is behind us. No surprises today and reaction so far has been mild. Metals up, bonds up and stocks slightly down.

The REAL reaction is usually the next day….

I have spoken to many different clients these past few months, discussing some other markets I like to follow and think are suitable for day trading. While the ES is the most liquid, over the last few years we have seen way too many “dead days”. There is nothing wrong with “dead days”, some traders LOVE those quiet, choppy days. I don’t.

Take a look at markets like crude oil, gold, bonds. Observe for a few days if you have not before. Get a feel for their personality and behaviour and feel free to call any of our professional brokers at + 310 859 9572 with any questions. We will be happy to provide feedback and answer questions.

Continue reading “FOMC is behind us. There other markets to daytrade besides the ES….. 7.27.2017”

Crude Oil and Saudi Arabia 7.26.2017

Posted on by Ilan

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

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Oil: Economic Landscape of Saudi Arabia

Highlights:

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion

Continue reading “Crude Oil and Saudi Arabia 7.26.2017”

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.