Support And Resistance Made Simple | Episode #1,559
December 14, 2012 at 5:40 PM (QQQ)(SPY)(AAPL)(GRPN)(SODA)
Support & Resistance Made Simple | Emini Futures Trading
Scanning our Blog Archive you'll see we have dedicated many blog posts to the topic of Trading Support and Resistance. Of all the topics we have written about or discussed on our Daily Emini Radio Broadcast over the past 7 years, probably none are more vital for the success of an Emini Futures Trader than the topic we've chosen tonight.
My friend and co-host Mike Reed, has used this simple concept as the core of his methodology for 27 years. He taught me a lot about the subject and I've discovered more on my own, but without him, I have no doubt I would not be where I am today. I am a firm believer in giving credit where credit is due. Without his mentoring and patience, traders around the world would be forced to face the markets each week without the benefit of our Weekly Trading Zones.
We have publicly published the Zones for over 3 years and I can honestly say I know of no better guidance for the S&P500 from a weekly perspective. There are products that cost more, products that promise more, but at the end of the day I am comfortable making this statement -
"Dollar for dollar, you will experience more trading opportunities with a higher degree of accuracy using our humble horizontal lines, than from any other product on the market."
S&P Emini Future - Weekly Close
Even on Rollover Week, look at the Weekly Close on the chart above. Clearly defined trading opportunities were readily available to CFRN Partners on both the December and March contract, using just one set of numbers. There's the exotic, the esoteric, and then there's the facts. Our history and track record speak for themselves. Stop wasting time and money.
Arrange a no obligation consultation today!
Email support@cfrn.net or call 415-857-5654.
Here are more examples of Fixed Support and Resistance at work.
(ES) Emini Futures - 12/11/12
(ES) Emini Futures - 12/13/12
(YM) Emini Futures - 12/14/12
Our Zones draw borders around the playing field before the week opens. As the week advances we have a very clear idea of of where the market will attempt to move next. At the zone we expect to see consolidation or coiling. If we don't, price is usually coming back. After consolidation, price will be rejected or allowed to pass and move on to the next area of Fixed Support and Resistance.
There is another game in town - Dynamic Support and Resistance. We plot DSR with an indicator, live in real time. If you've never seen this indicator in action, you have to come watch it. It is truly a fascinating bit of math. Unlike some indicators, once it plots it sticks to its guns. In other words, the signal doesn't disappear if the market breaks through, it just becomes a different signal which is a very unique and high probability trade in it's own right.
Along with learning how to trade, as a CFRN Partner you own every one of our Proprietary Indicators for life. Not just the ones in the toolbox today, but the ones still on the drawing board, the ones that keep us awake at night, you'll own those too. You heard me right. As a CFRN Partner you become the owner of every Proprietary Indicator CFRN has ever created, or EVER will create.
We evolve with the markets. Our basic methodology for embracing the underlying rhythm of market behavior has not changed in years. In fact, it never will. That's what makes us unique in the field of educating traders like yourself. We prove this every single day in our Live Trading Room. We use the same indicators and the exact same setup to trade all these markets:
- S&P
- Dow
- Nasdaq
- Russell
- Euro
- Gold
- Crude
- British Pound
Hard to believe perhaps, so come by and see it for yourself. In fact, you can do more than just watch. You can download our platform and use our indicators for one full week, absolutely free. No credit card required. That's how confident we are in what we offer. No one else does this. Nobody!
Although our methodology is the constant variable in our trading equation, we do accept that markets will evolve over time as a result of many factors. That's why we make sure CFRN Partners stay ahead of the curve. Don't lose sleep over chatroom chatter about how the markets will change and there goes your business. With CFRN, you're covered.
There are companies that will teach you how to trade the S&P. They also have a course to teach you Gold, another for Crude, another for the Nasdaq, you get the picture. Instead of teaching you how to trade a specific market -
We offer a holistic solution to every trader's dilemma!
We simply teach you how to trade.
As a Certified CFRN Partner, you will be able to trade any of the markets mentioned above and even more, using just 3 indicators and 1 setup. Imagine focusing all your time and energy on learning just one setup. Now some people do enjoy checking 50 different indicators, oscillators, widgets and gadgets, before they put on a trade. We prefer to put on our fancy reading glasses that have already checked those fifty things for us. If there's a trade to be made, it's as clear as day. This allows us to focus on what's really important:
- Trade Execution
- Trade Management
I'm not referring to the simple act of getting into a trade. It takes no skill whatosever to get into a trade. I'm talking about recognizing and taking advantage of whatever the market makes available. I'm talking about the ability to be emotionally detached when thousands of dollars hang in the balance. Operating a successful trading business requires you to think quickly and and act swiftly. Leave the mechanical stuff to the machine. You need to be "in the moment", attending to what really matters.
November / December Live Trading Room Results
We trade in front of a live audience every day. Not every day is a great day. That's the truth about trading. Unlike some trading rooms, each day our head trader Michael steps into the arena with a live account and real money. As the world looks on, he trades multiple markets using 3 indicators and one setup.
We trade live for 2 hours from 9:30 - 11:30AM Eastern and then we call it a day. Well almost... we break for 30 minutes and at 12 Noon Eastern, we begin our Live Radio Broadcast now in its 7th year and heard 'round the world in over 20 countries. At the top of the broadcast Michael walks through each and every trade that was taken in the Live Trading Room. He also takes questions live from the audience.
What began as a radio broadcast 7 years ago has become more akin to a television program. Along with streaming audio, we also stream live video. As Michael walks through each trade, the radio audience is able to "see" the setups on their computer screen, smart phone or tablet. We record not only the audio, we also record the video portion of the daily recap. We do it on the good days, the mediocre days and even the bad days. Why? Because that's the truth about trading.
November Results - $3,100.00 (and some change) per contract.
December Results - $2,785.00 (and some change) per contract, so far...
These are the results as traded before a live audience for 2 hours each day. Keep in mind that along with trading, Michael is also mentoring students and answering questions. Your results of course could be significantly different than his. We would hope that your results would be better as you only have your own trade to focus on, not your trade, plus 100 people asking questions.
If you've never taken our Free Trial - Apply Today!
If you've not taken it in the last 6 months, send an email to SecondChance@cfrn.net .
Those of us who are truly determined and destined to become traders eventually realize the only real answer is learning how to trade. If that's you, we invite you to become a part of our rapidly growing family today.
No Trader Left Behind
Nelson Mandela
Equity Partners - 100% Tuition Reimbursment
As a Certified CFRN Partner, you automatically qualify. There is nothing to purchase, no fee to pay. As a Partner you have access to technology that changes lives. As we continue to grow, our goal is to be involved with traders who are as passionate about their faith as they are about their work.
We want you to become more than a student, more than an alumni...
We want you to become a part of the company.
We want you to have a vested interest in CFRN. We begin by returning every tuition dollar paid, but that's just the beginning - as an Equity Partner you become an Ambassador to the Nations. The voice of who we are, as traders and believers.
A CFRN Equity Partner is a new kind of missionary.
Not defined by geography, but marked by the willingness to apply the parable of the Good Samaritan and "go and do likewise".
Being a Christian Trader means being intentional with
- your time
- your money
- your passions
Christianity should be a verb, not a noun.
It's a movement that requires us to live out our faith... not just talk about it. (learn more)
Returning To Our Roots
The CFRN Studios are returning to their roots. As internet radio pioneers, our maiden broadcast originated from the studios inside our Historic Church in downtown Phoenix AZ.
We are excited about the move. Overall, we're just happy to be back downtown in the hub-bub of activity. We've enjoyed the last few years at our studios in South Mountain overlooking America's largest city park, but the hiatus is over and we'll be back in the zone doing what we do we best -
Loving God - Loving People - Loving Life
Along with the CFRN Studios, services are held every Sunday morning and Wednesday evening by my good friend Pastor Daniel. Our global outreach, Love Works International and New Hope Orphanage will move thier U.S. headquarters back in with us, and when our brick and mortar training school opens in 2013, this is where you'll get your schoolin'.
These are exciting times. Important men are afraid of our President, they have admitted it openly. We aren't. We respect him and honor him as the office of the POTUS warrants, but we don't serve him. We serve the God of all creation, the maker of heaven and earth. Our faith and trust is in Him and Him alone.
Once the studios are open if you are in the greater Phoenix area and would like to come in and trade with us each morning, let us know... My good friend and trader extraordinaire - Jonathan, will be joining me and co-hosting a live radio program as we move into a new area of expansion for CFRN Programming. Interested in hosting your own show? Email programming@cfrn.net .
Join us in prayer as the hand of God moves mightily in 2013.
As opportunities unfold we'll keep you posted.
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
After Dark - email support@cfrn.net or call 415-857-5654
Connect with us: 
Reader Comments