Support & Resistance Levels 8.14.2018

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Jim Wyckoff Discusses Entry & Exit Strategies

I have received several email messages from my readers asking about how to best determine entry and exit strategies when trading markets. Here are just a few of their quotes:
  • “Though my success rate has been high, I am only breaking even financially, due to getting out too early in profit and letting my losses run too far.”
  • “Many articles are written showing when and where to enter trades… but how many articles are written about “running” positions? Where to exit surely has to be the biggest key to trading success!”
  • “I would appreciate some advice or tips on how to and when to enter a market and when to exit.”
Of course, if a trader knew exactly when to get into a market and when to get out, wouldn’t trading be easy! But even the most successful traders in the world can’t do that. The best they can strive for is to catch a bigger part of any move (trend) in the market, and then get out with a good profit before the market turns against them.
I’ve written past articles on trading with the trend and not against it, on the perils of trying to pick tops and bottoms, on support and resistance, and on letting profits run and cutting losses short, as well as trading the “breakouts.” I won’t repeat all those trading tenets here, but if you’ve missed some of my articles, drop me an email and I can attach some of them in an email to you.
 

 

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

08-14-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2862.92 7570.83 25572 1711.77 7179.07
Resistance 2 2853.33 7524.92 25471 1701.83 6899.52
Resistance 1 2839.17 7470.08 25342 1689.77 6563.93
Pivot 2829.58 7424.17 25241 1679.83 6284.38
Support 1 2815.42 7369.33 25112 1667.77 5948.79
Support 2 2805.83 7323.42 25011 1657.83 5669.24
Support 3 2791.67 7268.58 24882 1645.77 5333.65
Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1237.8 15.61 70.52 145 16/32 1.1529
Resistance 2 1229.6 15.48 69.23 145  4/32 1.1495
Resistance 1 1215.0 15.23 68.28 144 24/32 1.1462
Pivot 1206.8 15.10 66.99 144 12/32 1.1428
Support 1 1192.2 14.86 66.04 144 1.1394
Support 2 1184.0 14.73 64.75 143 20/32 1.1360
Support 3 1169.4 14.48 63.80 143  8/32 1.1327
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 377.8 549.6 894.33 340.40 3.00
Resistance 2 374.5 545.2 882.42 335.00 2.97
Resistance 1 372.5 539.3 875.58 331.90 2.95
Pivot 369.3 534.9 863.67 326.50 2.92
Support 1 367.3 529.1 856.8 323.4 2.9
Support 2 364.0 524.7 844.92 318.00 2.87
Support 3 362.0 518.8 838.08 314.90 2.85

Economic Reports, source: 

https://app.bettertrader.com

 

 

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.

Posted in: Future Trading News  

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