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  1. CannonTrading_Ilan

    I Got this one wrong guys.....

    Weekly SP cash chart below for your review as we close RIGHT at the 50% retracement!!! Click on the chart for LARGER IMAGE https://www.cannontrading.com/tools/support-resistance-levels/good-friday-trading-schedule-es-weekly-chart-trading-levels-for-april-13th-17th/
  2. CannonTrading_Ilan

    Question about CME Membership

    I want to say yes, as traders who owned seats made and lost money buying / selling the membership but will double check with my CME contact.
  3. CannonTrading_Ilan

    Question about CME Membership

    Have helped more than a few clients get CME memberships in different forms. If you been trading for a while and trading volume of 2000+ eminis per month than it makes sense. Be happy to assist if you like, feel free to PM me.
  4. CannonTrading_Ilan

    Riding MESM20 to 3100!

    In my humble, personal opinion...before this can happen, we will need to see the Mini Russell above 1236. As long as the mini Russell ( who I seem to think has been a leading indicator) closes below this level on a daily basis, the bears are still in control. That being said, I have been wrong...
  5. CannonTrading_Ilan

    Gold Silver Ratio Futures

    Also, simply legging in/out of the spread is straightforward with both contracts – i.e., May ’20 Silver/June ’20 Gold – are liquid and for FCM’s applying SPAN requirements, any SPAN-determined reduction for the spread would be calculated for your account.
  6. CannonTrading_Ilan

    Traders That Beat The System.

    Don't think there is such a thing....but I have a few CTA ( commodity trading advisers) who have done pretty well and consistent. Most need minimum of $100,000. All have losing months and drawdowns.... I think if anyone is good enough, they may become a CTA sooner or later as they can charge...
  7. CannonTrading_Ilan

    Spread on Platinum Futures /PL

    From my colleague, John Thorpe: Open Interest has declined precipitously Prices are back to 2003 levels With fewer market participants , liquidity profiles change significantly and bid offer spreads reflect that. That doesn’t mean they are not tradeable, it simply means you need to...
  8. CannonTrading_Ilan

    TDAmeritrade commission Micro YM

    try www.CannonTrading.com we offer selection of platforms, very reasonable daytrading margins and MICRO commissions.
  9. CannonTrading_Ilan

    Why is long term oil price dropping as near term rises?

    My colleague John Thorpe, an ex floor trader provided us with the following: Moving back to a more normal contango relationship, the price shock of several weeks ago impacted immediate , current supply. if you chart the spreads between front months and back months over time you will see that...
  10. CannonTrading_Ilan

    Oil Price Spike?!?

    I aksed my fellow broker, Joe Easton: some FCMs have increased margin on CL today due to extra volatility. USA in talks with Russia and an OPEC meeting coming Friday.
  11. CannonTrading_Ilan

    DOW futures down 300 again

    I asked my colleague Joe Easton for his quick opinion: Currently the Dow is opening in the 3/25 range and needs to hold the 3/24 close of 20590 to avoid reactivating the downtrend into 20280. I am watching the 3/25 close of 21305 to see if we close over or under today for further indication.”
  12. CannonTrading_Ilan

    Some thoughts on No Lead Gasoline please

    John Thorpe - Cannon Trading Gasoline has never had a demand shock like this. let alone an aggressive supply shock, it's as simple as that. some times fundamentals rule the price discovery process. given there appears to be not much of a light at the end of the tunnel on the demand side of...
  13. CannonTrading_Ilan

    Latest margin increases...

    https://www.cannontrading.com/tools/support-resistance-levels/levels-limit-numbers-for-3-20-2020/
  14. CannonTrading_Ilan

    Latest margin increases...

    ANOTHER round of margin increases. Key markets: YM, $10,670 --> $13,200 NQ, $13,200 --> $16,500 EMD, $14,850 --> $18,700 6A, $2,640 --> $3,300 6C, $1,155 --> $1,265 6E, $2,145 --> $2,365 RB, $5,900 --> $7,100 3-18-20 Limits 7% down 13% down 20% down ESM0 2342.50 2191.00...
  15. CannonTrading_Ilan

    Watching VIX while trading ES

    Bonds, NQ.
  16. CannonTrading_Ilan

    four hour chart starting time

    I suggest having the 4 hour bar start at the 930 est am open. This way you are in line with the cash open.
  17. CannonTrading_Ilan

    AMP raises overnights to 100% of SPAN.

    Most brokers/ FCM increased DT margins to 100% or more due to the crazy volatility. We still have one platform/ set up we offer for futures where one can use the lower daytrading margins.
  18. CannonTrading_Ilan

    Intraday Margin on futures BANNED!

    ANOTHER round of equity margin increases: YM, $9075 --> $10,670 NQ, $13,200 --> $15,950 RTY, $5170 --> $6720 also RB, $5400 --> $6490
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