{"id":17492,"date":"2022-02-07T13:27:08","date_gmt":"2022-02-07T21:27:08","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17492"},"modified":"2022-02-07T13:27:08","modified_gmt":"2022-02-07T21:27:08","slug":"overtrading-the-afternoon-futures-support-and-resistance-levels-2-08-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/overtrading-the-afternoon-futures-support-and-resistance-levels-2-08-2022\/","title":{"rendered":"Overtrading the Afternoon & Futures Support and Resistance Levels 2.08.2022"},"content":{"rendered":"
\n
\n
<\/div>\n
\n
\n
<\/div>\n
\n
Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
<\/div>\n
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n

Overtrading the Afternoon<\/h1>\n
By Josh Meyers, Cannon Trading Series 3 Broker<\/div>\n
<\/div>\n
Knowing when (or NOT) to trade can be difficult. Keeping a close eye on volume can help. Defining \u201cnormal\u201d volume for your trading style will help you through behavioral shifts in the markets. Improving this problem can be as simple as watching volume\/price move through time.<\/div>\n
Watch volume through time. Holiday sessions, busy days, around FOMC, across different volatility environments, etc. Patterns in your performance will become more evident, and you\u2019ll develop rules and systems around your traits as a trader.<\/div>\n
There\u2019s also another aspect that shouldn\u2019t be underestimated. Most discretionary traders are more mentally\/physically fatigued in the afternoon, which makes it easier to slip-up, especially in unfamiliar trading conditions. Knowing when to hang it up for the day is an underrated trading skill.<\/div>\n
<\/div>\n
Here are a few tips<\/div>\n
(These are for opinion\/educational purposes only)<\/div>\n
<\/div>\n
I like to watch a 30m price chart, with a faster chart for volume(1m or faster) so I can compare the two relative to one another. Watch both big and small and take note of the behavior.\u00a0You\u00a0don\u2019t always have to trade! Sometimes watching to learn is beneficial.\u00a0Watching different time frames allows for better context and helps to keep a trader out of tunnel vision.<\/div>\n
<\/div>\n
Define a \u201cnormal\u201d trading environment for your system and observe how instrument behavior changes based on external factors like time of day or fundamental factors.<\/div>\n
<\/div>\n
Keep an eye on yourself mentally and physically as you trade. Make sure you\u2019re trading with focus and direction. If your performance is suffering, take a break. Although taking a break can be hard, it\u2019s sometimes the best solution for a trader\u2019s performance. If you don\u2019t feel good about trading, it\u2019s ok to walk away.<\/div>\n
<\/div>\n
Shifts in market behavior can be unexpected. Sometimes it happens slowly, sometimes quickly. Try to avoid tunnel vision or putting too much emphasis on a particular trade\/entry as it could lead to an expectation or bias for the following trades.<\/div>\n
<\/div>\n
A few additional tips for the active management of overtrading:<\/div>\n
<\/div>\n
Set a timer between trades<\/div>\n
Lock your DOM ladder<\/a> if needed or minimize your order entry input<\/div>\n
o Pick a spot for an order and let the price come to you.<\/div>\n
<\/div>\n
The\u00a0need\u00a0to be right about a trade can be more costly than accepting a loss<\/div>\n
<\/div>\n