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Cannon Futures Weekly Letter Issue # 1136
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Hello {First Name},

In this issue:

  • Important Notices - Trading MICRO Bitcoin/Ether on a Regulated Exchange
  • Trading Resource of the Week - Educational Videos
  • Hot Market of the Week - Live Cattle Outlook
  • Brokers' Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week
  • Important Notices - Micro Bitcoin and MICRO Ether futures fees discount - Trading Bitcoin and Ether Futures on a REGULATED exchange

The CME fee schedule effective March 1, 2023 has been added on the CME Group fee page.

Just this last November, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy. That same month, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet.
Between then and now, the news of the collapse of crypto platform FTX continues to rattle the world of digital assets. To date, FTX’s customers’ funds are still frozen and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.
 
It makes you wonder about the safety and integrity of trading crypto assets.
 
Let this be a reminder that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options as well as Ether futures. 
 
These contracts trade on a regulated exchange where all participants see the same prices and quotes. Participants enjoy true market transparency and price discovery. They all can be easily traded on your supported trading platform.
 

 
For more information or a professional consultation, or to try a futures trading platform demo, contact Cannon Trading Co.

Updates effective March 1, 2023 are listed below and highlighted on the schedules:
  • CME Alternative Investment Product Fee Schedules
  • (NEW) Note 4 – Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Bitcoin Futures will be discounted to $0.70 for members and to $1.00 for non-members.
  • (NEW) Note 5 – Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Ether Futures will be discounted to $0.07 for members and to $0.10 for non-members.
  • CME Other Fees and Discounts
  • Event Contracts – Cash Settlement Fee waiver extended through August 31, 2023

  • Trading Resource of the Week



Get access to variety of videos such as trading techniques, trading platforms, trading psychology and more!

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Below you will see a unique way to customize your E-Futures DOM!



Hot market of the week is provided by QT Market Center, A swiss army knife charting package that's not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.


PriceCounts - Not about where we've been , but where we might be going next!

April live cattle satisfied second upside PriceCounts objective last month and has spent time consolidating since. At this point if the charts can resume its rally with new sustained highs, the third count would project a run to the 171.92 area, very close to the old time high print from the fall of 2014.
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results. 


With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker's choice for this month.

Joseja 2 mini nasdaq


PRODUCT
E-mini NASDAQ future
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000
COST
USD 65 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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  • Trading Levels for Next Week

Daily Levels for March 6th
Would you like to receive daily support & resistance levels?
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Weekly Levels

  • Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Cannon Trading Company
12100 Wilshire Blvd., Suite No. 1640
Los Angeles, CA 90025 
(800) 454-9572
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