At TradeGuidance, we often analyze the markets with price levels while keeping volume in the back burner. While not discouting the importance of volume in the intraday price movements, it is important to recognize why markets move to specific levels and retrace and why they breakout higher or lower.
The recogniztion of price levels by traders has been a practice that is used commonly in institutional trading as well as machine based trading. Breakouts are trigged by clusters of order for a futures instrument at or above a specific price level. In order to generate a move higher or lower, participants must recognize the value at that given price level and then ascertain if the price needs to be lower or higher.
In this brief informative posting, we present levels for the 16 futures markets categorized as Index Futures, Metals, Energies, Treasuries & Currencies. Email us at info@tradeguidance.com for more information. We've called markets using these levels for decades now with amazing accuracy and satisfaction of our clients.
