Cannon Futures Weekly Newsletter Issue # 1140
Join our private Facebook group for additional insight into trading and the futures markets!
In this issue:
- Important Notices – Good Friday Schedule along with NFP report
- Trading Resource of the Week – Free Webinar Trading Terminal for Professional Traders & Hedgers
- Hot Market of the Week – May Silver
- Broker’s Trading System of the Week – VS beta45 intraday NQ1 E-mini Nasdaq
- Trading Levels for Next Week
- Trading Reports for Next Week
Important Notices – Good Friday Schedule and NFP Report
Heads up traders. This coming Friday, April 7th will be somewhat of an irregularity. It is a trading holiday (Good Friday) and simultaneously the first Friday of the month, when the Labor Department will release its monthly Non-farm payrolls report.
While the major CME Group futures markets with 4:00 P.M. Central Time closings will finish the week’s trading at that regular time on Thursday, June 5th, at the regular 6:00 P.M. start of trading, energy, grains and metals will remain closed. Only interest rate, equities, currencies and cryptocurrencies will open and will close early Friday morning as follows:
Interest rate: 10:15 A.M. Central Time
Equities: 8:15 A.M.
Currencies: 10:15 A.M.
Cryptocurrencies: 10:15 A.M.
This will give some of the most actively traded and report-sensitive instruments only a limited amount of time to react to what is widely considered to be one of the most important and influential measures of the U.S. economy – on a day that will likely see reduced volume.
Trading Resource of the Week – LIVE WEBINAR
QT Market Center – Trading Terminal for Professional Traders & Hedgers (Grain, Livestock, Energies, Metals and More!)
When: Thursday April 6th at 2 PM Central Time
Mark Bucaro, an ex floor trader will share some of the features and tools QT offers and how you can possibly use it to help your TRADING and HEDGING.
In this webinar you will learn and see live examples:
• Pre-Opening Comments for Financials, Metals, Ags, and Softs.
• Cycle Timing Commentary for Grains
• David Hightower daily market analysis
• Market Calendar
• Web based Platform Access, Desktop (Smartphone & Tablet Access included Free) from virtually any computer anywhere there is an internet connection
• Easy to use Point and Click with Multi Screen Capability
• Profitability Cost Calculator – Input your costs and get your profitability results in seconds
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio Charts, & Quotes and more all from one platform – Desktop, Tablet, Smartphone Accessible
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Proprietary Price Counts Price Forecasting Tool
• Chart Overlays
• Seasonal Charts
• Grain Bids Directory with approximately 16,000 bids
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.
has rallied back for a challenge of the winter highs. At this point breakout into new sustained highs would project a run to the third PriceCount objective of the 26.13 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
Recommended Cannon Trading Starting Capital
USD 475 / monthly
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.
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 3rd, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
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
Tags: #cbot > #comex > #commoditiesmarket > #commoditiestrader > #commoditytrading > #crudeoil > #daytrader > #futuresmarket > #futurestrader > #kcbt > #mgex > #nymex > #smfe > #stockindices > #swingtrader > CME > commodities > daytrading > futures > Globex > gold
Posted in: Charts & Indicators | Commodity Trading | Day Trading | Future Trading News | Futures Trading | Indices | Metal Futures | Trading Webinar | Weekly Newsletter