Futures Trading Levels and Economic Reports for December 6th 2010

“Motto” for the month: “Plan your trade, trade your plan”

Unemployment came and gone and market pretty much ignored the bearish news….

Few notes from the day-trading webinar I hold every day below.

Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….

Some examples:

1. Ability to take losses and know not every trade will be a winner and not every day will be a winner
2. Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….
3. The confidence to stay in winning trades and the discipline to get out of losing trades
4. Allowing trades some time to work
5. Not getting down on yourself for “could have should have etc”
6. Being a hard worker and keeping a journal after certain trading days. Being a hard worker in putting time and effort learning new approaches, set ups before deciding if its worthy or not.

If you have not had a free two week trial to the service, feel free to sign up at:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Have a great weekend!!

GOOD TRADING!

Trading Levels

Economics Report Source: http://www.forexfactory.com/calendar.php

Monday, December 6th, 2010 — All reports are EST time

Treasury Currency Report
Tentative USD

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein 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!