A Few Different Ways to Enter a Trade & Trading Levels for 8.15.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
A Few Different Ways to Enter a Trade
By Ilan Levy-Mayer, VP and Broker
Today I decided to touch more on an educational feature rather than provide a certain market outlook.
Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
There are so many different aspects to trading. From financial, fundamental, and emotional aspects of when to enter a trade, when to exit a trade and SO MUCH more in between…..
An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade….
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.
Futures Trading Levels
08-15-2018
| Contract September 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2864.17 | 7548.50 | 25484 | 1722.20 | 6662.20 |
| Resistance 2 | 2853.83 | 7506.75 | 25409 | 1710.00 | 6474.40 |
| Resistance 1 | 2846.42 | 7480.50 | 25342 | 1702.30 | 6272.06 |
| Pivot | 2836.08 | 7438.75 | 25267 | 1690.10 | 6084.26 |
| Support 1 | 2828.67 | 7412.50 | 25200 | 1682.40 | 5881.92 |
| Support 2 | 2818.33 | 7370.75 | 25125 | 1670.20 | 5694.12 |
| Support 3 | 2810.92 | 7344.50 | 25058 | 1662.50 | 5491.78 |
| Contract | December Gold #GC_F | Sept. Silver #SI-F | Sept. Crude Oil #CL-F | Sept. Bonds #ZB_F | Sept. Euro #6E_F |
| Resistance 3 | 1212.1 | 15.25 | 69.79 | 144 23/32 | 1.1534 |
| Resistance 2 | 1208.9 | 15.18 | 69.08 | 144 18/32 | 1.1496 |
| Resistance 1 | 1205.2 | 15.12 | 68.15 | 144 10/32 | 1.1434 |
| Pivot | 1202.0 | 15.05 | 67.44 | 144 5/32 | 1.1396 |
| Support 1 | 1198.3 | 14.99 | 66.51 | 143 29/32 | 1.1334 |
| Support 2 | 1195.1 | 14.92 | 65.80 | 143 24/32 | 1.1296 |
| Support 3 | 1191.4 | 14.86 | 64.87 | 143 16/32 | 1.1234 |
| Contract | Dec. Corn #ZC_F | Sept. Wheat #ZW_F | Nov. Beans #ZS_F | Dec. SoyMeal #ZM_F | Sept. Nat Gas #NG_F |
| Resistance 3 | 385.8 | 554.8 | 898.42 | 353.37 | 3.03 |
| Resistance 2 | 381.5 | 548.4 | 889.58 | 346.13 | 3.00 |
| Resistance 1 | 379.0 | 545.1 | 884.67 | 341.97 | 2.98 |
| Pivot | 374.8 | 538.7 | 875.83 | 334.73 | 2.95 |
| Support 1 | 372.3 | 535.3 | 870.9 | 330.6 | 2.9 |
| Support 2 | 368.0 | 528.9 | 862.08 | 323.33 | 2.90 |
| Support 3 | 365.5 | 525.6 | 857.17 | 319.17 | 2.87 |
Economic Reports, source:
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 here in 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 judgement in trading.
