{"id":23140,"date":"2026-07-30T13:32:27","date_gmt":"2026-07-30T20:32:27","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=23140"},"modified":"2026-07-30T13:38:43","modified_gmt":"2026-07-30T20:38:43","slug":"trading-f","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-f\/","title":{"rendered":"Entering a Trade: Your Important Trading Guide for July 31st, 2026"},"content":{"rendered":"\n\n\n
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At A Glance Levels<\/h3>\n\n\n\n\n\n\n\n\n
Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Aug (#GC)<\/td>\n

4051.10<\/td>\n4112.40<\/td>\n4146.30<\/td>\n4207.60<\/td>\n4241.50<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Sept. (#SI)<\/td>\n

56.32<\/td>\n57.89<\/td>\n58.70<\/td>\n60.27<\/td>\n61.08<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Aug (#CL)<\/td>\n

81.21<\/td>\n82.43<\/td>\n84.18<\/td>\n85.40<\/td>\n87.15<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Sept. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Sept. (#ZB)<\/td>\n

108 15\/32<\/td>\n108 28\/32<\/td>\n109 7\/32<\/td>\n109 20\/32<\/td>\n109 31\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Few Ways to Enter a Trade….<\/h1>\n

By Ilan Levy Mayer, Vice President of Cannon Trading<\/em><\/h3>\n

\"trading\"<\/p>\n

There are so many different aspects to trading.<\/h3>\n

From financial, emotional aspects to actual details of when to enter a trade, when to exit a trade and SO MUCH more in between….<\/p>\n

An important part of trading is trade entry. Assuming a trader knows why he\/ she about to enter a trade the next step sounds simple right? Simply buy or sell the contract you wish to trade….<\/p>\n

Many times, it is that simple; depending on the time frame you are trading you may simply buy @ market and get the market price at that time. Some traders try to make small profits where every tick counts hence they may use the “buy bid” or “sell ask” button in order to get in at the best market price at that time. Many times, you may save a tick by doing so but other times you may find yourself chasing the bid or the ask…<\/p>\n

Limit Orders<\/h3>\n

Another way is for a trader to decide that yes, she wants to enter the specific market, but she would like to get in at a price that is better and will use a limit order. Example may be trader got the signal she was looking for to sell the mini SP 500 futures. The September contract was at 1982.75. Trader decided that she is willing to take the risk of not getting into the trade, but she will only sell if the market hits her limit price of 1983.75 for example.<\/p>\n

There are times that this patience will allow for a better entry price, hence better chances to meet target but there are times that trader will not get in and “miss a possible winning trade”.<\/p>\n

Entering on a Stop<\/h3>\n

One more common way that some traders use is to enter on a stop. Most beginner traders will use stops for protection and not as much for trade entry. Traders with a bit more experience will at times use stops to enter a trade. Example may be that Joe decided to buy crude oil futures because he got his condition met (crude in this hypothetical example is trading at 93.42), however Joe would like to see that price action follows the signal and break a minor level on the chart which he thinks serves as minor resistance at 93.49.<\/p>\n

In this case Joe will place a buy stop at 93.49 that if triggered will enter him into a long trade.<\/p>\n

Again, there are so many more ins and outs to trading in general and to trade entry in specific and I hope this quick overview may have opened your mind to different ways of entering a trade.<\/p>\n

Overview – Trade Entry Methods<\/h1>\n

Market Orders<\/h2>\n

The simplest way to enter a trade is through a market order\u2014buying or selling the desired contract at the current market price. This method is often used for trades in shorter time frames, where speed and execution are essential. Some traders aiming for small profits may use the “buy bid” or “sell ask” functions to secure the best possible price, though this strategy can sometimes lead to chasing the market and missing the optimal entry.<\/p>\n

Limit Orders<\/h2>\n

Another method is the limit order, which allows traders to specify the price at which they wish to enter the market. For example, a trader receives a signal to sell the mini S&P 500 futures when the September contract is at 1982.75 but chooses to wait for a better entry at 1983.75. This approach can result in a more favorable price and increased chances of achieving the target but carries the risk of missing out on a potentially successful trade if the market does not reach the limit price.<\/p>\n

Stop Orders<\/h2>\n

Some traders use stop orders not only for protection but also as a deliberate entry strategy. More experienced traders may place a stop order to enter when specific price action confirms their trading signal. For instance, Joe decides to buy crude oil futures at 93.42 but wants to see price action break a minor resistance at 93.49. In this case, he places a buy stop at 93.49; if triggered, this order executes his long trade.\u00a0WATCH THIS VIDEO<\/a><\/p>\n

Conclusion<\/h2>\n

There are many nuances to the practice of trading and trade entry. This overview provides a glimpse into several common methods, highlighting that there are numerous ways to approach entry, each with its own advantages and considerations.<\/p>\n

Need help looking at different markets? get some insight from an experienced series 3 broker?<\/p>\n

The call is free and we are here to assist – try us!<\/a><\/h3>\n

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Trading Signals on Trading View – FREE Trial<\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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December Matif Wheat<\/h3>\n

December Matif Wheat accelerated to a third upside PriceCount objective before correcting. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth upside count to aim for in the 288 area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. <\/em><\/p>\n

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. <\/em><\/p>\n

Learn more at\u00a0www.qtchartoftheday.com<\/a><\/em><\/h3>\n

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Edge \u2014 Your Daily Futures Snapshot for July 31st<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:<\/h3>\n

 <\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Current price and daily % change<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a030\u2011day and 52\u2011week highs\/lows<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0PROPRIETARY Short\u2011term and long\u2011term trend signals<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0Coverage across equity indices, metals, energies, currencies, and ags<\/p>\n

 <\/p>\n

Whether you’re scanning for breakout setups, trend reversals, or just staying informed \u2014 Cannon Edge puts the data in your hands before the open.<\/p>\n

\u00a0Built for speed. Backed by insight. Powered by CQG.<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for July 31st, 2026<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/h3>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

All times are Central Time ( Chicago)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Find us on Trustpilot<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You 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.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Trading Co., Inc.<\/span><\/strong><\/em><\/p>\n

12100 Wilshire Blvd.<\/span><\/strong><\/em><\/p>\n

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Los Angeles, CA 90025 US<\/span><\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

At A Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Aug (#GC) 4051.10 4112.40 4146.30 4207.60 4241.50 Silver (SI) \u2014 Sept. (#SI) 56.32 57.89 58.70 60.27 61.08 Crude Oil (CL) \u2014 Aug (#CL) 81.21 82.43 84.18 85.40 87.15 \u00a0Sept. Bonds (ZB) \u2014 Sept. (#ZB) 108 15\/32 108 28\/32 109 7\/32 109 20\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61,234],"tags":[2047,505],"class_list":["post-23140","post","type-post","status-publish","format-standard","hentry","category-futures-trading-2","category-trading-guide","tag-entering-a-trade","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23140","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=23140"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23140\/revisions"}],"predecessor-version":[{"id":23141,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/23140\/revisions\/23141"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=23140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=23140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=23140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}