No one really trades futures contract using daily chart due to changes on contract?

September 29th, 2013, 09:40 PM

In equities or spot fx one can open a daily chart to identify historical major support & resistance.

since futures contract expires every 4 months,how does one identify a major S/R on those contracts?

is futures only for day trading? how is it possible to combine all those data say for the past 5-10 years of an ES contract to identify major S/R on a daily chart.

I have thought about this a long time but never really asked

traderwerks · September 29th, 2013, 11:14 PM

They are called continious contracts.

Back-adjusted, Continuous contracts - best for support and resistance?

Which is best for support and resistance trading?

Back-adjusted contracts (like IQFeed's @ES#C) or not (like @ES#)?

I'm curious what people think. I've preferred regular continuous contracts (not back adjusted), but josh recently questioned …

No one really trades futures contract using daily chart due to changes on contract?

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No one really trades futures contract using daily chart due to changes on contract?