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  1. CannonTrading_Ilan

    Trading The Opening Gap

    From my colleague Joe Easton: I advise against this strategy. You are attempting to make a strategy based on assumption. The assumption being that most gaps close. The reason for gaps is legitimate and should not be expected to retrace. Personally I would favor a strategy that went the same...
  2. CannonTrading_Ilan

    Some questions about spread trading

    what platform do you use?
  3. CannonTrading_Ilan

    Do pro traders still feel that way? When I got stopped out at the low, I am so mad and sad.

    use M,W,F weekly options as possible alternative to stops? https://www.cannontrading.com/tools/trading-weekly-mini-sp500-options-contracts
  4. CannonTrading_Ilan

    Oil Likes It

    We are trading in the GAP left from the first weekend in March. Now that we are here, are we going to fail to close the gap this time? or will we continue forward , filling the gap. Fundamentally, in order to fill the gap, demand in the short run will need to outstrip supply, not withstanding...
  5. CannonTrading_Ilan

    time frames

    For day trading I prefer range bar or volume charts. For swing trading 30 min , 240 min and daily. I wrote more here with some chart examples.
  6. CannonTrading_Ilan

    How is retail day trading anything but a gamble?

    Looking at it from a general 95% lose and 5% make money, you would be right in saying trading is a gamble to be a success and be correct. The difference between speculation and gambling is why retail day trading is not a gamble - in my opinion. Speculation is taking a risk with an expected...
  7. CannonTrading_Ilan

    E-Mini S&P 500 Futures from Australia

    It is possible from Australia. You can start with $5000 min and use $1000 daytrading margins. You can try a free demo here. and feel free to PM me if you need any specific info etc.
  8. CannonTrading_Ilan

    Is a trading platform good for investing in oil?

    Are you looking to utilize futures or ETFs? If you are looking to utilize futures for a long term investment need to be well capitalized and probably chat with a broker first to understand mechanics, margins, diff. strategies to go about it etc.
  9. CannonTrading_Ilan

    What's a worthwhile daily take on the e-mini S&P 500?

    From my colleague Joe Easton who follows the ES closely every day: In my opinion a worthwhile daily take for ES is between 8-15 points. Each day is different and needs to be treated as so. As indicated there is 100s or even 1000s of points to be had by catching every minor gyration. However...
  10. CannonTrading_Ilan

    Anyone trading Micro CAD Futures?

    If this is a futures contract, it is simply the bid/ask on the exchange, not broker specific.
  11. CannonTrading_Ilan

    Are futures Demo accounts realistic for profit?

    two main issues.... You dont get filled on the bid and the ask instantly like some demos show. Too many prospects think they can buy the bid and sell the ask with 10000 lots and do it all day....does not happen in realtime, there is a cue and you need to have the market trade at your price with...
  12. CannonTrading_Ilan

    Small Exchange Kickoff

    We are offering these products as well via two different platforms. Here is the link: https://smallexchange.com/brokers
  13. CannonTrading_Ilan

    Small Exchange Kickoff

    check out their website at www.smallexchange.com
  14. CannonTrading_Ilan

    Does anybody trade ES using tick charts?

    I like volume charts and range bar charts:
  15. CannonTrading_Ilan

    Small Exchange Kickoff

    As a broker I am excited for this exchange and the products they are offering. We are ready for live trading as soon as we get the green light.
  16. CannonTrading_Ilan

    Gold - physical delivery of COMEX futures contract

    Yes you can but most will hold the electronic receipt. You will need to work with companies like Brinx etc. to arrange delivery after you have set up the proper mechanics with your broker/FCM.
  17. CannonTrading_Ilan

    Memorial Day Trading Hours

    https://www.cannontrading.com/tools/support-resistance-levels/memorial-day-2020-holiday-schedule-for-cme-globex-and-ice-exchange/ Sharing the info ahead for futures traders to be aware.
  18. CannonTrading_Ilan

    RTY vs ES for trending strategies

    Decided to get another point of view from my fellow broker, Joe Easton: In my opinion the RTY moves similarly to the ES. When ES has sideways days so does RTY. When ES trends so does RTY. Because the overall size is larger on ES than RTY there will naturally be more push and pull or...
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