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Daily Mini NQ Chart Review + Futures Trading Levels 7.27.2022

Posted on by Ilan
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Consistency, Discipline, Expectations

FED raises rates by 75 basis points as widely expected.
market rallied pretty hard in similar fashion to the last FOMC (which was followed by a large sell off after….) Will be interesting to see market and price action during the last two trading days of the week.
On a different topic:
When was the last time you evaluated yourself when it comes to trading?
Are you consistent or do you change methodology every other week?
Are you discipline or as soon as you hit a large losing day you throw away all your rules out the window?
Are you realistic with your expectations or do you really expect to day trade and be profitable every single trading day?
These are just some questions/pointers to help you in this tough journey called trading.
More to follow in the next few blogs.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Daily Mini NQ Chart

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 when it comes to Futures Trading.

Futures Trading Levels

07-28-2022

Futures Support + Resistance Levels 7.27.2022

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Economic Reports, Source: 

Forexfactory.com

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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.

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.