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Webinar: Live Day Trading the E-MICROS w/Ilan @ Cannon Trading


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Webinar: Live Day Trading the E-MICROS w/Ilan @ Cannon Trading

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 Big Mike 
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Hi guys,

It is my pleasure to welcome back Ilan Levy-Mayer @ Cannon Trading for our 351st webinar event, on Thursday, May 30th @ 12:00 PM Eastern US (special time).

The title for the event is "Live Day Trading the E-MICROS", and bullet points include:

- Live real-time trading the MES, MNQ, MYM and M2K
- What makes the new E-Micro’s special
- Real-time entries, exits and trade management
- Setting up your charts, DOM, and pre-defined exits
- Learn from Ilan’s more than 20-years of experience
- Live Q&A session, bring your questions
- 4 weeks FREE trial to proprietary indicators and ALGOS
- Note the special time @ 12PM ET!

Register for the event:
https://on.futures.io/6e8st



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 Big Mike 
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Please note the special time for this event @ 12PM Eastern US to allow for live market trading.

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Smada
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One day I cannot make it but I am interested. Is it going to be recorded

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 AlphaSquared 
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Got to this 'webinar' late. Left after 15 minutes when he once again left the charts and went back to the Cannon site to AGAIN point out something else they sell. 3 times in 15 minutes. I understand these things are put on by people with a product to promote but damn if I'm gonna sit through a thinly veiled 90 minute sales presentation.

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Webinar recording:



Please give us feedback and comments:

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If you didn't like it, click here and share your feedback:
https://futures.io/email-feedback.php?title=80&liked=-1

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 tradergino 
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Title was a bit misleading. I had hoped for REAL live trading not SIM. But the presenter was upfront about that and most likely couldn't have done live trading while promoting his firm at the same time. So that's what it was- promotion for Cannon. Would like to see live trading with real $$.

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 CannonTrading   is a Vendor
 
 
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tradergino View Post
Title was a bit misleading. I had hoped for REAL live trading not SIM. But the presenter was upfront about that and most likely couldn't have done live trading while promoting his firm at the same time. So that's what it was- promotion for Cannon. Would like to see live trading with real $$.

Hi @tradergino, my plan was to use realtime trading account for the MICROS but our compliance jinxed that a few days before the presentation.

I still feel that the fact that I was taking realtime trades with live pricing , realtime exits, moved stops in real-time etc. helped some traders with ideas, concepts and the something to try on their own. I had to make live decisions with live market action and it was not a presentation of "could have, should have"

While sharing information about Cannon was part of the presentation, I feel that i shared more than a few solid pointers and techniques when it comes to day-trading and hopefully gave some good pointers to the attendees to try on their own.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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 CannonTrading   is a Vendor
 
 
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Here were the links shared in the Webinar where you can access a free trial of the Trading Indicators and Algo, Trading videos where Ilan uses his indicators and an article Ilan wrote called Survivor Day Trading:

Algo: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Trading Videos: https://www.cannontrading.com/community/newsletter/Trading-videos-on-bollinger-bands-SR-levels-along-with-bond-futures-outlook

Survivor Day Trading: https://www.cannontrading.com/tools/survivor-day-trader


Feel free to call Ilan directly at 310-859-9572 with any questions you may have regarding the trading indicators / Algo

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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I have to say whether it was a demo or real money it sounds like this guy has a very clear structure in his trading and that is what makes the difference to a good trader. Also it would not do any of us any good, if we wouldn’t know where to get these Algos and indicators, I appreciated the info and I totally see how there is a lot of information behind a good setup and more than just a few lines.
It is not like Cannon is the only one that offers some Algos or Pivot points in their systems but this gives us an idea on how to set up our trading platforms in the most successful way.

I appreciated it very much, great job thank you guys and btw, great trade!

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 SMCJB 
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AlphaSquared View Post
Got to this 'webinar' late. Left after 15 minutes when he once again left the charts and went back to the Cannon site to AGAIN point out something else they sell. 3 times in 15 minutes. I understand these things are put on by people with a product to promote but damn if I'm gonna sit through a thinly veiled 90 minute sales presentation.

I think that's a little harsh. He might have gone to the website 5 or 6 times in the whole presentation, 2 of which were in response to questions and a 3rd was to talk about isystems. While everybody hopes that they learn something valuable from a webinar like this, you have to acknowledge that the motivation for the presenter is obviously brand promotion.

This isn't my style of trading, but I decided to watch, given that it was live, and not revisionist history like so many others. Hence I was disappointed when Ilan acknowledged it was just sim! While I wasn't a huge fan of the 'live trading' I did think that during the commentary Ilan made several very good points that newer traders would be good to pay attention to.

One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

Finally are there really HFT that use IBs?

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 TrendTrader5 
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Sierra Charts is very responsive and fast charting application. Don't know what his connection was nor computer specs. Sierra takes little computer resources.

I run multiple chartbooks with futures and short term charts with each symbol. CPU Usage shows less than 20% most of the time

BTW, Sierra is converting fully from a 32-bit to a 64-bit Application very soon, could be next few weeks.

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 ocpb 
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SMCJB View Post
One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

What I see happening was... Ilan was loading in a continuous contract of CL and the settings for the chart defaulted to 4380 days, about 15 years worth. The data then starts downloading from the Sierra historical data web service.

In the squished-down log window, you can see the platform opens a TCP connection for every month in the range of years, starting at the oldest contract month in the range. For each month it downloads the daily data for the entire contract month, then shuts down the TCP connection, rinse and repeat for 15 years (ok not literally!)

Then a second attempt was made to load a chart, this time it was starting with a ES "intraday chart" in Sierra-speak, and modifying the symbol within the settings to a CL continuous contract -- but this time it defaulted to display 30 days of daily bars. This was generated a download request for the last two months of CL, in order to be sewn together by the platform into continuous. This request was queued behind the previous 15 years download, which had not yet finished.

It's nice to have that many years of data available from Sierra, of course. To me it is understandable with a platform that is so eminently configurable, live or not, this kind of delay could happen.

I have to say I thought that Ilan kept his presentation moving along very well, despite this issue.

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 SMCJB 
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Excellent explanation @ocpb. Thank You

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 bobwest 
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SMCJB View Post
One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

I haven't viewed the video yet, so probably I shouldn't comment here, but I will say that Sierra Chart has always been very slow in loading data into new charts. I have no idea why, and it is the one thing about SC that I have the most problem with. This is only something that happens in the morning, when I fire it up.

However, once a chart it loaded up, Sierra Chart is amazingly fast, no matter how many charts, windows or background tasks (indicators) it may be running. It simply shrugs them off.

So I live with the slow chart-loading times. Once the chart it up, there's no issue.

Bob.

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 CannonTrading   is a Vendor
 
 
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SMCJB View Post
I think that's a little harsh. He might have gone to the website 5 or 6 times in the whole presentation, 2 of which were in response to questions and a 3rd was to talk about isystems. While everybody hopes that they learn something valuable from a webinar like this, you have to acknowledge that the motivation for the presenter is obviously brand promotion.

This isn't my style of trading, but I decided to watch, given that it was live, and not revisionist history like so many others. Hence I was disappointed when Ilan acknowledged it was just sim! While I wasn't a huge fan of the 'live trading' I did think that during the commentary Ilan made several very good points that newer traders would be good to pay attention to.

One take away I did have is that Sierra Chart looks terribly slow. What happened with the failed CL chart 2 or 3 times in a row? Was that Sierra Chart, Data Issues, or User Error? That would be extremely concerning for me!

Finally are there really HFT that use IBs?

Thank you @SMCJB for the comments.

To answer re the sierra chart, it was my fault as I have sierra working with multiple data feeds ( GAIN, transact, CQG, Rithmic) and I was using the wrong symbol in the case of crude oil. I personally think sierra is great and very fast.

Also keep in mind my PC had CQG, sierra along with the gotowebinar running....

in regards to HFT, yes as an IIB we can actually negotiate better rates for certain HFT clients because of our overall cumulative volume we do as a firm and that allows us to compete for that business as well. and actually choose from a few diff. options.

Good trading and thanks again for the objective comments!

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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