Trading Levels for July 12th – CPI, Beige Book and More!

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

 

Busy day tomorrow with CPI, Beige Book, Crude Oil numbers and more.

be ready for a change of pace in price action compare to the last 2 days.

Check out our educational resources!

 

 

Plan your trade and trade your plan. 

Projecting possible targets when trading futures

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

7-12-2023

#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

 

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.

The Importance of FOMC Meetings for Futures Traders & Levels for June 14th

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

 

 

The Importance of FOMC Meetings for Futures Traders

Futures traders are constantly seeking information and insights that can help them make informed trading decisions. One crucial event that captures the attention of futures traders around the world is the Federal Open Market Committee (FOMC) meetings. These meetings, conducted by the Federal Reserve, have a significant impact on financial markets, including the futures market. In this article, we will explore the importance of FOMC meetings for futures traders and how they can utilize the information to their advantage.

Firstly, it is important to understand what the FOMC is and why its meetings are significant. The FOMC is the monetary policymaking body of the Federal Reserve System, responsible for formulating policies that influence interest rates and the overall direction of the U.S. economy. The committee consists of the seven members of the Federal Reserve Board and five of the twelve regional Federal Reserve Bank presidents. The committee meets eight times a year to assess economic conditions, discuss monetary policy options, and make decisions regarding interest rates.

For futures traders, the decisions made during FOMC meetings can have a profound impact on the financial markets. One of the key areas of focus for futures traders is interest rates. Changes in interest rates can affect the cost of borrowing, consumer spending, business investments, and overall economic growth. Futures traders closely watch FOMC meetings for any hints or indications of potential changes in interest rates. These rate decisions can directly impact various futures contracts, including interest rate futures, currency futures, and stock index futures.

The FOMC meetings also provide valuable insights into the overall economic outlook. During these meetings, committee members discuss economic indicators, such as GDP growth, inflation rates, employment figures, and consumer spending. The statements and press conferences following the meetings offer traders a glimpse into the Fed’s assessment of the economy’s health and its future direction. Futures traders analyze this information to gauge the overall sentiment and potential market movements.

Cannon Trading Company, a renowned brokerage firm, recognizes the significance of FOMC meetings for futures traders. As an established provider of trading services, Cannon Trading Company offers its clients access to a wide range of futures markets, including E-Mini contracts. E-Mini contracts, such as E-Mini S&P 500 and E-Mini Nasdaq 100, are among the most actively traded futures contracts. Traders at Cannon Trading Company rely on the insights gained from FOMC meetings to make informed trading decisions in these markets.

The information obtained from FOMC meetings is particularly valuable for futures traders engaged in short-term trading strategies. These traders often take advantage of price volatility and short-term trends in the futures market. The announcements and press conferences following FOMC meetings often trigger significant price movements and increased trading volumes. Futures traders who are well-informed about the decisions and statements made during the meetings can capitalize on these opportunities.

In addition to interest rates and economic outlook, futures traders also pay attention to any changes in the Fed’s monetary policy stance. The FOMC may announce changes to its quantitative easing programs or provide guidance on its future plans. Such announcements can impact the bond market, currency markets, and commodity futures. Futures traders rely on this information to adjust their trading strategies and positions accordingly.

In conclusion, FOMC meetings hold immense importance for futures traders. The decisions, statements, and insights gained from these meetings have a direct impact on the futures market, including interest rate futures, currency futures, and stock index futures. Traders rely on this information to assess the direction of interest rates, gauge the overall economic outlook, and adjust their trading strategies accordingly. Companies like Cannon Trading Company offer traders access to these markets and recognize the significance of FOMC meetings in providing valuable insights for successful trading. By staying informed about the FOMC meetings and their outcomes, futures traders can gain a competitive edge in the dynamic world of futures trading.

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!!

Plan your trade and trade your plan. 

Projecting possible targets when trading futures

watch Video Below:

Projecting possible targets when trading futures

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

6-14-2023

 

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.

Live Cattle All Time Highs! + Trading Levels 6.08.2023

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

 

Live Cattle All Time Highs

By Mark O’Brien, Senior Broker

General:

We’re in the midst of a relatively quiet calendar week for economic reports with the highlight coming Friday with the latest USDA crop production and world supply & demand report (11:00 A.M. Central Time release).

Livestock:

Cattle futures prices closed lower – down $2.12 to $173.37 per hundredweight (cwt), basis August – for the first time in ten straight trading sessions going back to May 24th, but not before trading up ±$2.50/cwt to new all-time highs above $178.00/cwt. This caps off a month-long price increase of almost $19.00/cwt – a $7,600 per contract move – starting the first week of May. This year’s U.S. domestic cattle herd is at its lowest headcount in eight years and poor pasture conditions in major feeding ground states (Texas, Oklahoma, Kansas and Nebraska) due to drought conditions there threaten to keep prices elevated for the near term. On the demand side, albeit ±8% off its 30-year high point between Jan. and April of last year, wholesale beef demand remains strong. As can be the price catalyst for so many agricultural commodities, mother nature will play a key roll in influencing cattle prices as we enter summer. Much needed rain over important cattle pasturage acres can improve feed crop conditions as well as yield, thus bring down prices of a component of overall cattle prices. Prolonged drought conditions point to new record high beef prices this summer.

Monthly Chart of Live Cattle Below

Plan your trade and trade your plan. 

Live Cattle Futures; LEQ23

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

6-07-2023

#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

 

 

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.

NFP Tomorrow, Do You Have a Trading Plan? + Levels for June 2nd

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

 

Plan Your Trade, Trade Your Plan

By Mark O’Brien, Senior Broker

Not to sound fat-headed, but trading futures is challenging. What’s even more challenging: trading without a plan. You can paper trade for days, weeks, months; you can study the latest, or greatest trading platform, charting, indicators, signals etc. You can take in volumes of educational material: courses, webinars, academic resources, news. All of these are most worthy of preparing you for the rewards and risks that come with trading futures, but when you’re a mouse click or a phone call away from placing an order to enter a trade, without a plan, you’ve essentially put the outcome of that trade in jeopardy – and every other trade after that.

 

No trader looking to succeed over the long term enters the market without following a trading plan. At the most basic level, it can – and should – be as simple as designating when to exit the trade if the market moves against the trade, as well as when to exit the trade if the market moves favorably. If you’re given to making adjustments to those outcomes mid-trade, make it part of your plan before entering the market.

 

Certainly there are other components to trading futures. For example, plenty has been heralded that traders should firm up their general mental preparedness before embarking in trading futures. Traders should also have a general familiarity with the markets they’re trading, such as contract specifications, trading hours, margin requirements, any daily price limits, etc. Theses are also necessary for successful trading. But, these ingredients by themselves, even if fully accumulated, will yield disappointing results if the key ingredient is not added: trade with a plan.

 

 

 

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

6-02-2023

#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

 

 

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.

Webinar: Foot Prints, MBO, Heat Map, Liquidity & More! + Levels for May 31st

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

 

 

Footprints, MBO ( Market by Order) and heat map are just a few of the topics we will cover in tomorrow’s webinar!

In this first of a two-part webinar, we’ll tour the platform and take a look at how to utilize Footprint charts, Heatmap and other innovative features while trading a variety of futures markets with a focus on some of the smaller Micro futures contracts.

Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time. Learn more about VolBook’s core features

• Meet Order Flow’s cousins: Footprint charts and Heat Map

• Find out how to choose the proper data source for full market depth and Market by Order (MBO)

• Understand Liquidity Provision / determine attraction or rejection points

• Identify Bubbles and how aggressive orders interact with liquidity

• Look at VolBook’s advanced features, including Stop & Iceberg indicators and Stop run, Absorption.

Attendees will receive a FULLY functionable demo with live data!

SPACE is LIMITED, so reserve your space now!

https://attendee.gotowebinar.com/register/2325175054041644124

 

 

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

5-31-2023

#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

 

 

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.