{"id":11573,"date":"2016-08-24T12:37:01","date_gmt":"2016-08-24T20:37:01","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11573"},"modified":"2016-08-25T22:08:53","modified_gmt":"2016-08-26T06:08:53","slug":"mental-stops-trading-futures-8-25-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/mental-stops-trading-futures-8-25-2016\/","title":{"rendered":"Mental Stops? – Trading Futures 8.25.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
\n<\/strong>
\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1. Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Futures Economic Reports for Thursday\u00a0August 25, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

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

Greetings!<\/p>\n

Mental Stops…..<\/strong><\/p>\n

Every so often I hear clients tell me, ” they don’t use hard stops…they use mental stops”<\/p>\n

While the mental stop idea can work 8 out of 10 times, the 1-2 times it does not work will wipe out your account.<\/p>\n

Try using mental stops when you were trading crude yesterday and all of a sudden news about Iran looking to comply with production hit the market and market went up over 80 cents in few minutes…<\/p>\n

or maybe you had a mental stop on long gold early this morning when all of a sudden in a few minutes gold dropped $14 per contract.<\/p>\n

I have seen it happen before with the SP and other stock indices, I have seen it happen in all markets I watch and trade at one time. it’s not a question if, but rather when. Big moves happened and will happen. Not every day, not in every market at the same time but they will happen in all markets at one given time or another.<\/p>\n

So unless you have unlimited amounts of risk capital and\/ or crystal ball-\u00a0 use hard stops in the system OR learn how to hedge your positions using options and weekly options<\/a>.<\/p>\n

<\/p>\n

GOOD TRADING<\/strong><\/p>\n

\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.<\/p>\n

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

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

Levels for Trade Date of\u00a0 8.25.2016<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2204.75<\/td>\n4869.50<\/td>\n18653<\/td>\n1260.10<\/td>\n95.31<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2196.25<\/td>\n4846.50<\/td>\n18599<\/td>\n1254.40<\/td>\n95.09<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2185.75<\/td>\n4816.75<\/td>\n18536<\/td>\n1245.10<\/td>\n94.91<\/td>\n<\/tr>\n
Pivot<\/td>\n2177.25<\/td>\n4793.75<\/td>\n18482<\/td>\n1239.40<\/td>\n94.69<\/td>\n<\/tr>\n
Support 1<\/td>\n2166.75<\/td>\n4764.00<\/td>\n18419<\/td>\n1230.10<\/td>\n94.51<\/td>\n<\/tr>\n
Support 2<\/td>\n2158.25<\/td>\n4741.00<\/td>\n18365<\/td>\n1224.40<\/td>\n94.29<\/td>\n<\/tr>\n
Support 3<\/td>\n2147.75<\/td>\n4711.25<\/td>\n18302<\/td>\n1215.10<\/td>\n94.11<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nSept. Silver<\/td>\nSept. Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1356.3<\/td>\n19.29<\/td>\n48.81<\/td>\n173 21\/32<\/td>\n1.1380<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1350.2<\/td>\n19.13<\/td>\n48.27<\/td>\n173 7\/32<\/td>\n1.1351<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1339.2<\/td>\n18.83<\/td>\n47.52<\/td>\n172 23\/32<\/td>\n1.1314<\/td>\n<\/tr>\n
Pivot<\/td>\n1333.1<\/td>\n18.66<\/td>\n46.98<\/td>\n172 9\/32<\/td>\n1.1285<\/td>\n<\/tr>\n
Support 1<\/td>\n1322.1<\/td>\n18.36<\/td>\n46.23<\/td>\n171 25\/32<\/td>\n1.1248<\/td>\n<\/tr>\n
Support 2<\/td>\n1316.0<\/td>\n18.20<\/td>\n45.69<\/td>\n171 11\/32<\/td>\n1.1219<\/td>\n<\/tr>\n
Support 3<\/td>\n1305.0<\/td>\n17.90<\/td>\n44.94<\/td>\n170 27\/32<\/td>\n1.1182<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nDec. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nSept. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n343.0<\/td>\n434.3<\/td>\n1026.00<\/td>\n335.20<\/td>\n2.89<\/td>\n<\/tr>\n
Resistance 2<\/td>\n341.3<\/td>\n431.8<\/td>\n1018.25<\/td>\n332.50<\/td>\n2.86<\/td>\n<\/tr>\n
Resistance 1<\/td>\n338.8<\/td>\n429.0<\/td>\n1011.75<\/td>\n329.70<\/td>\n2.82<\/td>\n<\/tr>\n
Pivot<\/td>\n337.0<\/td>\n426.5<\/td>\n1004.00<\/td>\n327.00<\/td>\n2.79<\/td>\n<\/tr>\n
Support 1<\/td>\n334.5<\/td>\n423.8<\/td>\n997.5<\/td>\n324.2<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n332.8<\/td>\n421.3<\/td>\n989.75<\/td>\n321.50<\/td>\n2.72<\/td>\n<\/tr>\n
Support 3<\/td>\n330.3<\/td>\n418.5<\/td>\n983.25<\/td>\n318.70<\/td>\n2.68<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:32pm<\/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
ThuAug 25<\/span><\/td>\n<\/a>\u00a04:00am<\/span><\/td>\nEUR<\/td>\n<\/td>\n\n
German Ifo Business Climate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n108.5<\/td>\n108.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nGBP<\/td>\n<\/td>\n\n
CBI Realized Sales<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-5<\/td>\n-14<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Core Durable Goods Orders m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n-0.4%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Unemployment Claims<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n265K<\/td>\n262K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Durable Goods Orders m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n3.4%<\/td>\n-3.9%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\n\n
Flash Services PMI<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n51.9<\/td>\n51.4<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Natural Gas Storage<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n22B<\/td>\n22B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nALL<\/td>\n<\/td>\n\n
Jackson Hole Symposium<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by 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 judgement in trading.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1. Market Commentary 2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5. […]<\/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":[996,73],"class_list":["post-11573","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-mental-stops","tag-trading-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11573","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=11573"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11573\/revisions"}],"predecessor-version":[{"id":11579,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11573\/revisions\/11579"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}