{"id":14439,"date":"2018-07-26T12:30:42","date_gmt":"2018-07-26T20:30:42","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14439"},"modified":"2018-07-26T12:38:31","modified_gmt":"2018-07-26T20:38:31","slug":"using-range-bars-day-trading-support-resistance-levels-7-27-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/using-range-bars-day-trading-support-resistance-levels-7-27-2018\/","title":{"rendered":"Using Range Bars for Day Trading – Support & Resistance Levels 7.27.2018"},"content":{"rendered":"

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Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

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Dear Traders,<\/p>\n

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I have mentioned before that I like range bar charts and volume charts better than time charts for day trading.<\/div>\n
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The main reason is that when you are using time charts, lets say 3 minute bars, you have to wait for the bar to close in order to confirm your signals. In today’s market environment there are times when 3 minutes can translate for big $$ against you or in your favor…<\/div>\n
( like today right at the cash close 3 PM CDT, Amazon Earnings came out and sent the NQ futures up and down almost 70 points in minutes!!)<\/div>\n
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Range bar charts and volume charts will complete FAST when the market is moving and will take much longer to build when the market is dead ( hence helps filter out some of the noise in my opinion).<\/div>\n
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I shared more on this topic in a video that while it focuses on crude oil as an example, the concept can be used for many other markets.<\/div>\n
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Check out the video at ( it is the 3rd video on the list):<\/div>\n
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https:\/\/www.cannontrading.com\/community\/newsletter\/Trading-Video-on-Using-Support-and-Resistance-Levels#one<\/a><\/div>\n

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Good Trading<\/strong><\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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.<\/p>\n

Futures Trading Levels<\/strong><\/p>\n

07-27-2018<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract September 2018<\/td>\n\u00a0SP500 #ES_F<\/td>\nNasdaq100\u00a0 #NQ_F<\/td>\nDow Jones\u00a0 #YM_F<\/td>\nMini Russell #RTY_F<\/td>\nBitCoin Index #XBT_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2861.33<\/td>\n7554.00<\/td>\n25776<\/td>\n1729.70<\/td>\n8489.44<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2853.92<\/td>\n7502.00<\/td>\n25672<\/td>\n1718.70<\/td>\n8400.33<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2848.08<\/td>\n7466.00<\/td>\n25600<\/td>\n1709.50<\/td>\n8334.09<\/td>\n<\/tr>\n
Pivot<\/td>\n2840.67<\/td>\n7414.00<\/td>\n25496<\/td>\n1698.50<\/td>\n8244.98<\/td>\n<\/tr>\n
Support 1<\/td>\n2834.83<\/td>\n7378.00<\/td>\n25424<\/td>\n1689.30<\/td>\n8178.74<\/td>\n<\/tr>\n
Support 2<\/td>\n2827.42<\/td>\n7326.00<\/td>\n25320<\/td>\n1678.30<\/td>\n8089.63<\/td>\n<\/tr>\n
Support 3<\/td>\n2821.58<\/td>\n7290.00<\/td>\n25248<\/td>\n1669.10<\/td>\n8023.39<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold #GC_F<\/td>\nSept. Silver #SI-F<\/td>\nSept. Crude Oil #CL-F<\/td>\nSept.\u00a0 Bonds\u00a0 #ZB_F<\/td>\nSept.\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1244.8<\/td>\n15.92<\/td>\n71.07<\/td>\n143 19\/32<\/td>\n1.1862<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1240.1<\/td>\n15.81<\/td>\n70.50<\/td>\n143 14\/32<\/td>\n1.1825<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1231.2<\/td>\n15.62<\/td>\n70.07<\/td>\n143\u00a0 1\/32<\/td>\n1.1757<\/td>\n<\/tr>\n
Pivot<\/td>\n1226.5<\/td>\n15.51<\/td>\n69.50<\/td>\n142 28\/32<\/td>\n1.1720<\/td>\n<\/tr>\n
Support 1<\/td>\n1217.6<\/td>\n15.32<\/td>\n69.07<\/td>\n142 15\/32<\/td>\n1.1652<\/td>\n<\/tr>\n
Support 2<\/td>\n1212.9<\/td>\n15.21<\/td>\n68.50<\/td>\n142 10\/32<\/td>\n1.1615<\/td>\n<\/tr>\n
Support 3<\/td>\n1204.0<\/td>\n15.02<\/td>\n68.07<\/td>\n141 29\/32<\/td>\n1.1547<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec.\u00a0 Corn #ZC_F<\/td>\nSept. Wheat #ZW_F<\/td>\nNov. Beans #ZS_F<\/td>\nDec. SoyMeal #ZM_F<\/td>\nSept. Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n384.0<\/td>\n571.3<\/td>\n910.67<\/td>\n342.00<\/td>\n2.80<\/td>\n<\/tr>\n
Resistance 2<\/td>\n381.8<\/td>\n562.5<\/td>\n903.33<\/td>\n339.30<\/td>\n2.79<\/td>\n<\/tr>\n
Resistance 1<\/td>\n378.8<\/td>\n549.5<\/td>\n889.67<\/td>\n335.50<\/td>\n2.77<\/td>\n<\/tr>\n
Pivot<\/td>\n376.5<\/td>\n540.8<\/td>\n882.33<\/td>\n332.80<\/td>\n2.76<\/td>\n<\/tr>\n
Support 1<\/td>\n373.5<\/td>\n527.8<\/td>\n868.7<\/td>\n329.0<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n371.3<\/td>\n519.0<\/td>\n861.33<\/td>\n326.30<\/td>\n2.73<\/td>\n<\/tr>\n
Support 3<\/td>\n368.3<\/td>\n506.0<\/td>\n847.67<\/td>\n322.50<\/td>\n2.71<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co\u00a0<\/a><\/p>\n

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\"\"<\/p>\n

 <\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! I have mentioned before that I like range bar charts and volume charts better than time charts for day trading. The main reason is that when you are using […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-14439","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=14439"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14439\/revisions"}],"predecessor-version":[{"id":14442,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14439\/revisions\/14442"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}