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  1. CannonTrading_Ilan

    What would you consider the minimum Account Balance to trade Commodity Futures?

    It dependson the trader. Education, skill level, risk tolerance, discipline, etc. There are plenty of free educational resources to start learning how to trade futures. Micro futures are making it more accessible for traders with less capital. You can start learning on a simulator affordably...
  2. CannonTrading_Ilan

    Last Trade vs Settlement Price (and Aggregation at Open)

    Hello @MollieJp and sorry for late reply....I asked Josh Meyers, my fellow series 3 broker here at Cannon: The continuous contract should only affect how the chart looks. You’ll still have to specify which contract you’d like to trade. Generally, intraday traders will use the most active...
  3. CannonTrading_Ilan

    Max Number of Contracts for Retail Traders?

    Margins are the main constraint, then it is up to the risk dept. at Etrade and then there are reporting limits by the CFTC. Let me know specific contract and i can assist.
  4. CannonTrading_Ilan

    Giving back some of morning profits overtrading afternoon

    Our latest blog touches on this subject! Hope it helps: Cannon Futures Blog - Overtrading the Afternoon
  5. CannonTrading_Ilan

    Last Trade vs Settlement Price (and Aggregation at Open)

    I asked my colleague Josh Meyers to contribute: You have a great attitude to learn trading. If you’re concerned about skewed perception, you could try a 30m chart for the open @ 9:30am EST. Aggregating a 1H from 9:30 would work too, but you’ll have a different perception than those who trade...
  6. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Wishing all of you a great weekend and a good trading week to come. Intraday volatility this week was extremely high and can drain you as a trader..... Weekly levels below, Daily levels for Monday on our weekly newsletter, now LIVE.
  7. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Daily levels for NFP ( non farm Payroll) Friday, Feb. 4th, below. Our daily blog with reports and information on Sierra + Teton order routing on our daily blog HERE.
  8. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Thanks for the heads up @Overnight , once again....ETHR levels are for the February contract.
  9. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    High volatility intraday and right after earnings. Different market environment than what we were trading 12 weeks ago or so. The bands are wider. Levels for Feb. 3rd 2022 below:
  10. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    We have OPEC tomorrow as well as the "regular API" numbers and ADP unemployment as well. Levels for February 2nd below:
  11. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Wishing all of you a great weekend ahead and a profitable trading week to come! Weekly newsletter with daily levels for Monday, Jan 31st is now live. WEEKLY levels below:
  12. CannonTrading_Ilan

    Spreading 2s and 10s

    My colleague John Thorpe has the following insight/ personal opinion to share: The CME lists the recognized spread as follows. With a 4-1 ratio . seems to me with yesterday’s settlement 2yr yield @@W 1.18 and the 10 yr @ 1.81 you should be long the 10 yr and short the 2 yr If you’re a pure...
  13. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Levels for Friday, Jan. 28th in one of the most volatile trading weeks I have seen since the pandemic broke out. Gold front month is now April
  14. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Levels for tomorrow, Jan. 27th, many times the real direction of the markets will be the day following the FOMC. @FCAPhil , I am happy to provide personal opinion for different markets on one on one basis, if you are interested.
  15. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    FOMC statement tomorrow, more on that HERE Levels for tomorrow, Jan 26th:
  16. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Tremendous volatility....Some quick need to know on limits/ circuit breakers available here. Levels for tomorrow, Jan 25th below:
  17. CannonTrading_Ilan

    Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

    Weekly levels for the week ahead below. Article on the different economic reports along with DAILY levels for Monday now available on our weekly newsletter.
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