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Futures Trading Levels for April 22nd, 2021

April 21st, 2021 Filed under Day Trading, Future Trading News, Index Futures, S&P 500 | Comment (0)

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Dear Traders,
Today’s action in Silver, gold, SP and NQ lead me to write the quick piece below.
Few words on BREAKOUT trading.
The concept is one of many different traders use.
Some like to use COUNTRER TREND trading.
others look at ORDER FLOW, some will use support and resistance mainly and hopefully more traders will master a few different techniques and use the appropriate one depending on the type of trading day that is developing in front of their eyes.
The concept of break out trading looks for the market to “snap out” of a certain trading range and continue moving in that direction. The toughest part is to filter out the “fake breakouts” and recognize early enough which breakouts have the potential to be a powerful one.
A few tips to explore:
Look for a breakout on a smaller time frame that will coincide with a longer time frame CURRENT trend. So you may look at a daily trend and look for a breakout on the hourly chart?
You may trade smaller time frames and look for breakouts that will coincide with the 30 minute chart time frame.
Last but not least ( for today only of course as I am sure there are MUCH more than the short few pointers I am sharing….) try utilizing different type of charts and do your homework in regards to which breakouts seem to work better than others. Look at RANGE BAR charts, explore VOLUME charts, maybe even take a look at Renko bars and other types as well.
30 MINUTES chart of ES below with 4 different pointers to look at, marked A through D. CLICK for larger IMAGE. ALWAYS much easier to look back in hindsight and explain what happened….I wish it was that easier when trading live….Click on the chart so you are able to read the pointers along with some insight for educational purposes.
To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

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 when it comes to Futures Trading.

 

Futures Trading Levels

4-22-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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.


Trading Levels and Reports for June 27, 2012

June 26th, 2012 Filed under Future Trading News | Comments Off on Trading Levels and Reports for June 27, 2012

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday June 27, 2012

Hello Traders,

I am in and out of the office over the next few days, hence there will be no commentary or charts.

Be disciplined, be patient and trade well!

Read the rest of this entry »


Trading Levels and Reports for June 26, 2012

June 25th, 2012 Filed under Future Trading News | Comments Off on Trading Levels and Reports for June 26, 2012

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 26, 2012

Hello Traders,

I am in and out of the office over the next few days, hence there will be no commentary or charts.

Be disciplined, be patient and trade well!

Read the rest of this entry »


Friday Morning Support and Resistance Numbers

June 22nd, 2012 Filed under Future Trading News | Comments Off on Friday Morning Support and Resistance Numbers

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1337.751333

 

1328

 

1320.75

 

1317.5

 

1309.5

25882578

 

2668

 

2554

 

2548

 

2531

1266012620

 

12576

 

12506

 

12492

 

12407

773.10770.00

 

766.5

 

757.4

 

750.5

 

742.7

1492214907

 

14830

 

14814

 

14721

 

14628

13317.513311.5

 

13307

 

13300

 

13227

 

13218

Read the rest of this entry »


Trading Levels and Reports for June 21st 2012

June 20th, 2012 Filed under Future Trading News | Comments Off on Trading Levels and Reports for June 21st 2012

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday June 21, 2012

Hello Traders,

I am in and out of the office over the next few days, hence there will be no commentary or charts.

Be disciplined, be patient and trade well!

Read the rest of this entry »

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