Sept. 28, 2012 - Issue #654

In This Issue

1. Trader's Resource Corner: Featured Trading System
2. Hot Market Review - Crude Oil
3. Economic Calendar

1. Traders Resource Corner: Featured Trading System for 3rd Quarter 2012

Since its beginnings in the futures industry in 1988, we at Cannon Trading have taken an active interest in seeing our clients succeed. Our weekly newsletter, daily blog, live day-trading webinar, and our periodic internal and guest hosted webinars all point in that direction.

In the field of automated trading we've tracked many strategies over the years and have been reluctant to share these systems with our clients; the simple reason is that we have seen many systems with impressive back-tested results that failed to produce solid and consistent real-time results.

That being said, we finally feel strongly enough to share and feature a few trading systems with our trading family. We'd like to introduce a system that we have been trading LIVE since April 2012.

This trading system trades a few liquid markets such as ten year notes, the dollar index and the e-mini S&P 500. It is a swing trading system that holds trades from one day to one week.

We have monitored and evaluated the system's 15 year hypothetical performance over the past year and felt strong enough to start actual LIVE trading about 6 months ago.

We are happy to report that the first client who started back in April of 2012 is now up approximately 45% NET of all fees, commissions and system costs.**

This system is executed here at Cannon on behalf of interested clients with a letter of direction so clients do not need to be glued to their machines for execution; this allows our traders to trade a self-directed account while allowing the automated strategy to work on their behalf in another.

Different traders have different risk tolerance and different financial situation, and we respect that; hence we invite you to fill out the contact information below so a broker can email and/or call you with in-depth information about the system being offered, a detailed report of the trades that took place since we started live trading, answer questions you may have and review the risks and opportunities this trading system offers.

This trading system DOES HAVE A MAXIMUM number of contracts it can execute, so if you are interested, fill out the information below to learn more.

For detailed information please fill out the short form

First Name

Last Name

Phone number

Email address

Cannon Trading respects your privacy and will never give this information to a 3rd party.
**Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this email, these results be construed as an express or an implied promise, guarantee or implication by Cannon Trading Company, Inc., that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website or email is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. The Performance Data from the IR Systems are actual trading results from live trading accounts that Cannon Trading Company, Inc, and it's licensed broker(s) has/have executed on behalf of customers who have paid for the service and authorized Cannon Trading Company, Inc, and it's agents to execute on their behalf with a Letter of Direction (LOD) and do include all fees, costs, and commissions associated with the actual execution of the system(s). Important Please Note: Trading commodity futures and options involves substantial risk. The recommendations contained in this letter are 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. Results may vary from the existing, captured results, based on when you start trading the system and when you stop trading the system.

2. Hot Market Review: Crude Oil

The crude oil futures market is known as one of the more volatile ones. More and more day-traders are actually "discovering" the intraday volatility (which can work for and against you). In this week's newsletter, we decided to share a much larger scale view and feature a weekly chart of the crude oil futures. With elections coming and tensions in Middle East, it is anyone's guess as to the contract's longer term price action. From a technical perspective, we are looking for prices to experience downward pressure. A break below $89.00 could trigger a retest of the $83.00 level. If you are interested in getting a second opinion on ANY commodity market, including perhaps on how one can use an options trade to take a position, please feel free to Contact us


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!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
10/01
Mon
9:00 AM CDT - Construction Spending(Aug)
9:00 AM CDT - ISM Index(Sep)
FN: Oct Sugar-11(NYM)
10/02
Tues
1:00 PM CDT - Auto & Truck Sales(Sep) FN: Oct Heating Oil(NYM)
Oct RBOB Gasoline(NYM)
10/03
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
7:15 AM CDT - ADP Employment Change(Sep)
7:30 AM CDT - Dairy Products Prices
9:00 AM CDT - ISM Services(Sep)
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Minutes
 
10/04
Thurs
6:30 AM CDT - Challenger Job Cuts(Sep)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Factory Orders(Aug)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
LT: Sep Butter(CME)
Sep Milk(CME)
Sep Butter Options(CME)
Sep Milk Options(CME)
10/05
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Sep)
7:30 AM CDT - Nonfarm Payrolls(Sep)
7:30 AM CDT - Unemployment Rate(Sep)
2:00 PM CDT - Consumer Credit(Aug)
LT: Oct Canadian Dollar Options(CME)
7Oct Currencies Options(CME)
7Oct Live Cattle Options(CME)
7Oct US Dollar Index Options(ICE)
7Nov Cocoa Options(ICE)
10/08
Mon
COLUMBUS DAY FN: Oct Live Cattle(CME)
LT: Nov Sugar 16(ICE)

* 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!