Using Preset Trade Management When Trading Futures & Futures Levels 10.22.2020 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Using Preset Trade Management When Trading Futures & Futures Levels 10.22.2020


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Take a look at a video from today where I share some set ups on the ES using volume charts and review preset of auto exits and trade managements. In this video you will see a 45 minutes trade condensed into 15 minutes.
When markets are moving SO FAST like the NQ/ ES and others have recently, I like using automated stops and limits. One can do so using brackets or even built in strategies where you specify different limits, stops, when to move your stop as a trailing stop and much more.
This morning at 11:22 AM central time, high on NQ was approx. 11738, 11 minutes later the low was 11648 – that is close to $2000 LOSS if you are trading one mini nasdaq and in the wrong direction…..
I know my stomach feels much better when I have stops and limits working in the system working….( also maybe use MICROS for the same reason?)
Using volume charts, MICRO ES along with automated trade management – trade example from Oct. 21st 2020

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.


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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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