In This Issue
Learn to Use Tick Charts and Oscillators for Day Trading
Please note that Equity Indices products TF, ES, NQ, EMD and YM roll on Thursday the September 10th at 8:30 am Chicago time from the September 09 contract to the December 09 contract.
The month code for December is 'Z.' Last trade for September Currencies is Monday the 14th. Please close any open September Currencies position by the close of business on Thursday the 10th and begin trading the December contract. Should you have any further questions, please contact your broker via email or by phone at 800-454-9572 (US/CAN) or 310-859-9572 (INT'L).
by Ilan Levy-Mayer, Vice President, Cannon Trading
There is no perfect way to day-trade, but there are different techniques that can work well in different market environments. In this week's short educational feature, I will touch upon one method you may want to add to your trading arsenal: using tick charts and oscillators.
You also have the option of participating in a live webinar where I review this and other approaches to day trading.
Please note: using tick charts and oscillators works better on choppy, two sided ways, but it is not recommended when the market has a strong trend.
I prefer tick charts when day-trading shorter time frames because tick charts include market volume. If you are using a 5 minute chart, for example, you may get signals simply because time has passed and certain indicators you are using adopt certain values. But at times where there is a lot of movement in the market, you won't have to wait until your time frame bar closes to get your signal, and volume becomes a bigger and more important part of your trading decision.
The rest of the article continues for registered users.
Read the rest of the "Learn to Use Tick Charts and Oscillators for Day Trading" for free!
Simply fill out the short form below and gain instant access to the rest of the article.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 09/10 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Trade Balance(Jul) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 09/11 Fri |
7:30 AM CDT - WASDE Report & Crop Production
7:30 AM CDT - Supply & Demand 7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Import & Export Prices(Aug) 8:55 AM CDT - Mich Sentiment-Prel(Sep) 9:00 AM CDT - Wholesale Inventories(Jul) 1:00 PM CDT - Treasury Budget(Aug) |
LT: Oct Coffee Options(ICE)
|
| 09/14 Mon |
7:30 AM CDT - NOPA Crush
|
FN: Sep Currencies(CME)
LT: Sep Corn(CBT) Sep Wheat(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans(CBT) Sep Soymeal(CBT) Sep Soyoil(CBT) Sep US T-Bill(CBT) Sep US Dollar Index(ICE) Sep LIBOR(CME) Sep Eurodollar(CME) Sep Eurodollar Options(CME) |
| 09/15 Tue |
7:30 AM CDT - Core PPI & PPI(Aug)
7:30 AM CDT - Retail Sales(Aug) 9:00 AM CDT - Business Inventories(Jul) |
FN: Sep Canadian Dollar(CME)
Sep US Dollar Index(ICE) LT: Sep Canadian Dollar(CME) Sep Cocoa(ICE) Sep Lumber(CME) |
| 09/16 Wed |
7:30 AM CDT - Core CPI & CPI(Aug)
8:15 AM CDT - Capacity Util & Industrial Prod(Aug) 9:35 AM CDT - API & DOE Energy Stats |
FN: Sep Lumber(CME)
LT: Oct Platinum Options(CMX) |
| 09/17 Thu |
7:30 AM CDT - Housing Starts & Building Permits(Aug)
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 9:00 AM CDT - Philadelphia Fed(Sep) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Sep Value Line(CME)
Sep NASDAQ(CME) Sep S&P 500(CME) Sep Value Line Options(CME) Sep NASDAQ Options(CME) Sep S&P 500 Options(CME) Oct Crude Lt Options(NYM) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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 herein 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 judgment in trading!