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We are right at the next decision level:

I think the spreads after reports are something to look at....Cl vs. RBOB, RBOB vs. heating oil etc.

Many ways to skin a cat....

Need to know what is expected, what came out and how the market reacting. You can try this source for audio news: https://www.cannontrading.com/tools/live-sp-pit-audio-feed Also back test some breakout and counter trend strategies in correlation to what was expected and what came out

@Sequoia1321 I am using equalized Active Continuation chart settings. My guess is you are using the actual Aug. contract straight through

Still strong and still very thin.....I would wait for a signal that rally running out of Gas. Perhaps correlation to copper or stocks? Close below today's lows?

If we close above 1.910 today could signal additional short covering/ fresh longs to 2.03/2.23. The blue square ALGO which appeared yesterday after the close "usually" gets some continuation to it......

I think that Jigsaw and Bookmap are some of the leaders when it comes to translating order flow and DOM strategies...both have excellent education material and more: you can visit them here http://www.jigsawtrading.com/learn-to-trade/free-order-flow-analysis-lessons/...

I wrote this article over 10 years ago and I feel the concept / thought process as it comes to day trading is timeless: Trading 201: Survivor Day-Trader By: Ilan Levy-Mayer, Cannon Trading VP Survivor Day Trading This article was published by the Stocks, Futures, & Options Magazine in...

Two comments: 1. Hopefully at one point you can "graduate towards the ES" where the transaction costs are much smaller fraction compare to tick size vs the MES. 2. Try us @ Cannon Trading or PM me and get a commission quote based on the platform you are looking to use, volume etc. - we can...

The last I have on that is: China is the world's largest producer of rice, and the crop makes up a little less than half of the country's total grain output. China accounts for 30% of all world rice production. In a given year total rice output came from four different crops.

@JSOP you are correct. I just feel that corn has the most potential out of the grain complex. China big buyer/consumer of corn NOT a big producer. Just for fun, might be good to look at a rice chart....wow!!

My guess is that corn could benefit from it as it is the most "oppressed one" so far due to COVID from the grain complex.... some weekly levels to watch for:

Live to trade another day.....From my colleague Joe Easton: Having trading discipline is essential to becoming a successful trader. Patience and discipline are the two most important skills aside from the ability to read a chart. Having “mental capital” helps keeps discipline. Things like...

From my colleague Mark O'Brien: According to the U.S. Energy Information Administration, “rising demand heading into winter, combined with reduced production, will cause upward price pressures.” They expect prices to rise from an average of $1.75 per million British thermal units (MMBtu) in...

Very thin market...from my colleague, John Thorpe who worked on the CBOT floor when there was still a trading floor! 7 to 10 dollar gaps are common place. $770 to $1100 If you are trading the lumber , don’t count on your stops to provide much protection, if any. I would recommend Deep...

Available for demo and live trading with live data at: https://www.cannontrading.com/software/e-futures-international

Feel free to reach out.

This morning was a run away gap....sure, it may fill sooner or later the question is how much heat will you absorb.....