{"id":16051,"date":"2020-06-02T13:09:07","date_gmt":"2020-06-02T21:09:07","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16051"},"modified":"2020-06-03T11:28:28","modified_gmt":"2020-06-03T19:28:28","slug":"which-way-should-i-attack-the-market-es-daily-charts-trading-levels-6-03-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/which-way-should-i-attack-the-market-es-daily-charts-trading-levels-6-03-2020\/","title":{"rendered":"Which Way Should I Attack the Market?, ES Daily Charts & Trading Levels 6.03.2020"},"content":{"rendered":"

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Dear Traders,<\/div>\n
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Which way should I attack the Futures market?<\/strong><\/div>\n
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I am asked this question often and I wish I had a clear cut mathematical formula to share that answers the question….I don’t but I do have a few tips\/ ideas:<\/div>\n
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  1. Look at the daily chart to see which way is the momentum?<\/li>\n
  2. Take a look at the 120 chart and use indicators you have confidence in along with support and resistance levels to decide if you have a certain direction to attack the futures market from or if you have no bias on any given session?<\/li>\n
  3. Look for action around major levels ( previous day high\/lows, opening price and such) to observe who’s hand is on top? the bulls or the bears?<\/li>\n<\/ol>\n
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    Two charts below to illustrate the points, first is a daily chart and the second a 120 minute chart, both of the mini SP 500.<\/div>\n
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    Using oscillators I learned to have better than 50% confidence along with moving average, volume and momentum I created conditions to mark the colors of the bars.<\/div>\n
    Green colors means I should look to attack more from the long side, red bars mean I should look to attack more from the short side.<\/div>\n
    Black bars are neutrals. Attack both sides with the same “weight”.<\/div>\n
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    If you look at the second chart, the 120 minute one you will see that it has been either long or neutral since May 26th….to learn more or inquire more\u00a0about the concept visit our website.<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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    ES Daily Chart<\/strong><\/div>\n<\/div>\n
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    \"ES<\/div>\n
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    ES 120 minute Chart<\/strong><\/div>\n
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    \"ES<\/div>\n

    Good Trading<\/strong><\/h3>\n

    Trading Futures, Options on Futures, Gold 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 when it comes to Futures Trading.<\/p>\n

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    Futures Trading Levels<\/strong><\/h3>\n

    06-03-2020<\/p>\n

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    Did you know?<\/div>\n
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    Cannon will\u00a0Match or Beat Your Current Commission Rates!<\/a><\/div>\n
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    Cannon offers o<\/a>ver 12 TRADING PLATFORMS\u00a0CLICK HERE<\/a>\u00a0for a demo<\/div>\n
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    Cannon offers\u00a0<\/a>extensive trading education for FREE<\/a>. Browse resources here<\/a>.<\/div>\n


    \n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
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    BetterTrader.com<\/a><\/div>\n
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    \"\"<\/div>\n
    <\/div>\n<\/div>\n<\/div>\n

     <\/p>\n

    Order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Dear Traders, Which way should I attack the Futures market? I am asked this question often and I wish I had a clear cut mathematical formula to share that answers the question….I don’t but I do have a few tips\/ ideas: […]<\/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-16051","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\/16051","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=16051"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16051\/revisions"}],"predecessor-version":[{"id":16055,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16051\/revisions\/16055"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}