In This Issue
1. Using Tick Charts and Oscillators for Day-Trading
2. New E-Futures International How To Videos
3. Economic Calendar
by Ilan Levy-Mayer, Vice President of Cannon Trading and CTA at Levex.net
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.
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.
Tick bars are built based on volume, either tick or actual volume when available, and time is not a factor. Each bar in a Constant Volume Bar chart contains a specified volume level that is reached by accumulating the volume of each of the underlying bars. When that volume level is reached, the next Constant Volume Bar begins to accumulate volume from the underlying bars. For intraday charts, tick volume is used to determine the Constant Volume Bars.
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Cannon Trading respects your privacy and will never give this information to a 3rd party.Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!
Do you use our E-Futures International trading platform?
We've just added a series of educational videos to our site featuring tutorials on using charts (overview, opening, configuration, trading, and indicators), depth of market (setup, overview, advanced orders, and trading), allocation block, and quotes setup.
Visit the E-Futures International page to watch the videos now.
Good Trading!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 05/20 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Apr) 9:00 AM CDT - Philadelphis Fed(May) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jun Crude Lt(NYM)
|
| 05/21 Fri |
7:30 AM CDT - Dairy Products Prices
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Cold Storage |
LT: May Nikkei Options(CME)
May DJIA Options(CME) May S&P 500 Options(CME) May NASDAQ Options(CME) May Russell Options(CME) May E-mini S&P 500 Options(CME) May E-mini NASDAQ Options(CME) May Value Line Options(CME) Jun 2,3,5,10 Year Notes Options(CBT) Jun Bonds Options(CBT) Jun Corn Options(CBT) Jun Oats Options(CBT) Jun Rough Rice Options(CBT) Jun Wheat Options(CBT) Jun Soybeans,Soymeal,Soyoil Options(CBT) |
| 05/24 Mon |
9:00 AM CDT - Existing Home Sales(Apr)
|
FN: Jun Crude Lt(NYM)
|
| 05/25 Tue |
8:00 AM CDT - Case-Shiller 20-City Index(Mar)
9:00 AM CDT - Consumer Confidence(May) |
LT: May Pork Bellies(CME)
Jun Copper Options(CMX) Jun Gold Options(CMX) Jun Silver Options(CMX) Jun Heating Oil Options(NYM) Jun RBOB Gasoline Options(NYM) Jun Natural Gas Options(NYM) |
| 05/26 Wed |
7:30 AM CDT - Durable Orders(Apr)
9:00 AM CDT - New Home Sales(Apr) 9:30 AM CDT - API & DOE Energy Stats |
LT: May Copper(CMX)
May Gold(CMX) May Silver(CMX) May Platinum(CMX) May Palladium(CMX) Jun Natural Gas(NYM) |
| 05/27 Thu |
7:00 AM CDT - Census Crush
7:00 AM CDT - Contton Consumption 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Jun Natural Gas(NYM)
LT: May Feeder Cattle(CME) May Feeder Cattle Options(CME) |
* 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!