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Using Price Confirmation; RBOB Chart for Review & Support and Resistance Levels

Posted on by Ilan

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Dear Traders,

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Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels and using “price confirmation” to enter new trades
In this week’s newsletter we are sharing three videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using bolinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. entering trades using STOP orders as a” price confirmation mechanism” to try and filter our some bad entries.
Daily chart of the unleaded Gasoline ( RBOB) for your review below
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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

04-09-2019

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Economic Reports, source: 

bettertrader.co

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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.