{"id":16745,"date":"2021-04-21T12:16:46","date_gmt":"2021-04-21T20:16:46","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16745"},"modified":"2021-04-23T04:16:30","modified_gmt":"2021-04-23T12:16:30","slug":"futures-trading-levels-for-april-22nd-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-for-april-22nd-2021\/","title":{"rendered":"Futures Trading Levels for April 22nd, 2021"},"content":{"rendered":"

_________________________________________________<\/span><\/b><\/em><\/p>\n

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Dear Traders,<\/div>\n
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Today’s action in Silver, gold, SP and NQ lead me to write the quick piece below.<\/div>\n
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Few words on BREAKOUT trading.<\/div>\n
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The concept is one of many different traders use.<\/div>\n
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Some like to use COUNTRER TREND trading.<\/div>\n
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others look at ORDER FLOW, some will use support and resistance mainly and hopefully more traders will master a few different techniques and use the appropriate one depending on the type of trading day that is developing in front of their eyes.<\/div>\n
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The concept of break out trading looks for the market to “snap out” of a certain trading range and continue moving in that direction. The toughest part is to filter out the “fake breakouts” and recognize early enough which breakouts have the potential to be a powerful one.<\/div>\n
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A few tips to explore:<\/div>\n
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Look for a breakout on a smaller time frame that will coincide with a longer time frame CURRENT trend. So you may look at a daily trend and look for a breakout on the hourly chart?<\/div>\n
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You may trade smaller time frames and look for breakouts that will coincide with the 30 minute chart time frame.<\/div>\n
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Last but not least ( for today only of course as I am sure there are MUCH more than the short few pointers I am sharing….) try utilizing different type of charts and do your homework in regards to which breakouts seem to work better than others. Look at RANGE BAR charts, explore VOLUME charts, maybe even take a look at Renko bars and other types as well.<\/div>\n
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30 MINUTES chart of ES below with 4 different pointers to look at, marked A through D.\u00a0CLICK for lar<\/a>ger IMAGE<\/a>. ALWAYS much easier to look back in hindsight and explain what happened….I wish it was that easier when trading live….Click on the chart so you are able to\u00a0read the pointers along with some insight for educational purposes.<\/a><\/div>\n<\/div>\n
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To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, diamonds = possible exit\/ tighten stops) visit and sign up for a free trial\u00a0<\/a>for 21 days with real-time data.<\/div>\n
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Good Trading<\/strong><\/h3>\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 when it comes to Futures Trading.<\/p>\n

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

4-22-2021<\/p>\n

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Economic Reports, source:\u00a0<\/strong><\/h3>\n

\u00a0<\/a>www.BetterTrader.co<\/a><\/p>\n

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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<\/a>. 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 _________________________________________________ Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Dear Traders, Today’s action in Silver, gold, SP and NQ lead me to write the quick piece below. Few words […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,230,235,1378],"tags":[149,84,949,134,144,602,102,11],"class_list":["post-16745","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-day-trading-2","category-index-futures","category-sp-500","tag-commodity-futures-broker","tag-commodity-futures-trading","tag-future-trading-news","tag-futures-trading-brokers","tag-futures-trading-levels","tag-futures-trading-online","tag-mini-sp-500","tag-online-broker"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16745","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=16745"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16745\/revisions"}],"predecessor-version":[{"id":16762,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16745\/revisions\/16762"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}