{"id":9356,"date":"2014-11-05T13:28:03","date_gmt":"2014-11-05T21:28:03","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=9356"},"modified":"2014-11-28T03:11:09","modified_gmt":"2014-11-28T11:11:09","slug":"mini-sp-renko-volume-charts-economic-reports-11-06-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/mini-sp-renko-volume-charts-economic-reports-11-06-2014\/","title":{"rendered":"Mini S&P Renko Volume Charts & Economic Reports 11.06.2014"},"content":{"rendered":"

Hello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

\n
Voted Number 1 futures trading blog!<\/a><\/div>\n
\n

Hello Traders,<\/p>\n

Voted #1 futures trading blog by TraderPlanet.com!\u00a0<\/a><\/div>\n

\u00a0<\/strong><\/p>\n

\n

Amazing to see the difference in what I consider “an influenced market” like we seen the last week or so with Japan QE, versus a market that was free for a bit about 2-3 weeks ago….when it expected QE to be over….<\/b><\/p>\n

Last few sessions we see the big moves happen overnight with much tighter trading ranges during the day session versus a market that had WIDE ranges and “healthy” volatility both ways a few weeks ago…..Bottom line the market is what the market is and this is what one needs to trade and not what one would like to trade…..
\nOn a different note, I mentioned before that i like using range bars and Renko charts when it comes to short term trading versus minutes charts.<\/p>\n

Main reason, is that i feel that Range\/ renko\/ Volume charts will complete faster when there is action and speed in the market , hence have potential to provide a signal faster and vise versa, may filter our some noise when the market is dead.<\/p>\n

below you will see today’s mini SP chart. I am using 5 ticks range bar chart along with some ALGOs I created and have confidence in.
\n<\/b><\/p>\n

\"\"<\/p>\n

<\/p>\n

Range Bar Charts:<\/p>\n

A Range Bar chart\u00a0is constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time the bar range (high to low) is equal to some value that you set in preferences.<\/p>\n

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above<\/p>\n

and be able to apply for any market and any time frame on your own PC ? \u00a0 You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra\/ ATcharts.<\/p>\n

To start your trial, please visit:\u00a0http:\/\/levex.net\/trading-algo\/<\/a><\/p>\n

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.\u00a0 NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.\u00a0 IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.<\/p>\n

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.\u00a0 IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.\u00a0 FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.\u00a0 THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS<\/p>\n

 <\/p>\n<\/div>\n

GOOD TRADING<\/strong> !<\/p>\n<\/div>\n<\/div>\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. 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. Past performance is not indicative to future results.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels<\/a>, Please share!<\/strong><\/p>\n

 <\/p>\n

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2014<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2042.17<\/td>\n4213.25<\/td>\n17604<\/td>\n1184.50<\/td>\n88.50<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2031.33<\/td>\n4194.75<\/td>\n17515<\/td>\n1178.70<\/td>\n88.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2025.42<\/td>\n4170.75<\/td>\n17467<\/td>\n1171.90<\/td>\n87.83<\/td>\n<\/tr>\n
Pivot<\/td>\n2014.58<\/td>\n4152.25<\/td>\n17378<\/td>\n1166.10<\/td>\n87.44<\/td>\n<\/tr>\n
Support 1<\/td>\n2008.67<\/td>\n4128.25<\/td>\n17330<\/td>\n1159.30<\/td>\n87.16<\/td>\n<\/tr>\n
Support 2<\/td>\n1997.83<\/td>\n4109.75<\/td>\n17241<\/td>\n1153.50<\/td>\n86.77<\/td>\n<\/tr>\n
Support 3<\/td>\n1991.92<\/td>\n4085.75<\/td>\n17193<\/td>\n1146.70<\/td>\n86.49<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nDec.Silver<\/td>\nDec. Crude Oil<\/td>\nDec. Bonds<\/td>\nDec. Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1195.0<\/td>\n16.80<\/td>\n82.94<\/td>\n142 10\/32<\/td>\n1.2664<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1182.1<\/td>\n16.42<\/td>\n81.15<\/td>\n141 29\/32<\/td>\n1.2618<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1162.8<\/td>\n15.88<\/td>\n80.05<\/td>\n141 18\/32<\/td>\n1.2553<\/td>\n<\/tr>\n
Pivot<\/td>\n1149.9<\/td>\n15.50<\/td>\n78.26<\/td>\n141 5\/32<\/td>\n1.2507<\/td>\n<\/tr>\n
Support 1<\/td>\n1130.6<\/td>\n14.95<\/td>\n77.16<\/td>\n140 26\/32<\/td>\n1.2442<\/td>\n<\/tr>\n
Support 2<\/td>\n1117.7<\/td>\n14.57<\/td>\n75.37<\/td>\n140 13\/32<\/td>\n1.2396<\/td>\n<\/tr>\n
Support 3<\/td>\n1098.4<\/td>\n14.03<\/td>\n74.27<\/td>\n140 2\/32<\/td>\n1.2331<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span><\/span><\/p>\n<\/div>\n

<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
Economic Reports<\/strong><\/div>\n

source: http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:16pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
ThuNov 6<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Factory Orders m\/m<\/td>\n<\/td>\n<\/td>\n2.2%<\/td>\n-5.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:10am<\/td>\nEUR<\/td>\n<\/td>\nRetail PMI<\/td>\n<\/td>\n<\/td>\n<\/td>\n44.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nEurogroup Meetings<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nSpanish 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n2.20|1.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nFrench 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n1.23|2.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nUSD<\/td>\n<\/td>\nChallenger Job Cuts y\/y<\/td>\n<\/td>\n<\/td>\n<\/td>\n-24.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:45am<\/td>\nEUR<\/td>\n<\/td>\nMinimum Bid Rate<\/td>\n<\/td>\n<\/td>\n0.05%<\/td>\n0.05%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nEUR<\/td>\n<\/td>\nECB Press Conference<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n285K<\/td>\n287K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPrelim Nonfarm Productivity q\/q<\/td>\n<\/td>\n<\/td>\n0.9%<\/td>\n2.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPrelim Unit Labor Costs q\/q<\/td>\n<\/td>\n<\/td>\n1.0%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n86B<\/td>\n87B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:30pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Powell Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:05pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Mester Speaks<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>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. Readers are urged to exercise their own judgment in trading.
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello Traders, For 2014 I would like to wish all of you discipline and patience in your trading! Voted Number 1 futures trading blog! Hello Traders, Voted #1 futures trading blog by TraderPlanet.com!\u00a0 \u00a0 Amazing to see the difference in what I consider “an influenced market” like we seen the last week or so with […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[350,722],"class_list":["post-9356","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-economic-reports","tag-mini-sp-renko-volume-charts"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9356","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=9356"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9356\/revisions"}],"predecessor-version":[{"id":9358,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9356\/revisions\/9358"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=9356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=9356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=9356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}