{"id":11807,"date":"2016-11-15T13:21:44","date_gmt":"2016-11-15T21:21:44","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11807"},"modified":"2016-11-15T21:51:56","modified_gmt":"2016-11-16T05:51:56","slug":"accept-losing-day-will-increase-winning-ratio-11-16-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/accept-losing-day-will-increase-winning-ratio-11-16-2016\/","title":{"rendered":"Accept a losing day and you will increase your winning ratio…..11.16.2016"},"content":{"rendered":"

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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 Wednesday\u00a0November 16, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

Greetings!<\/p>\n

So I was trying to think of a valuable advice I can provide you as volatility increased quite a bit the last few weeks and I think it will remain higher than average for a while as we are facing quite a bit of uncertainty. This is what I came up with:<\/strong><\/p>\n

So many times as a broker I see clients who know how to make money…I see it in the daily statements, good winning %, and consistent profits UNTIL….something happens.<\/p>\n

Either the client who is normally a day-trader decides to carry his\/hers losing position and make it into a swing trade…..OR the trader is down and refuses to accept the fact it may be a losing day and decides to double down and get more aggressive because if this trade is a winner he will have another winning day….the examples go on and no I am not referring to anyone specific although many of you probably think I am talking about them.<\/p>\n

I have done it before as a trader. It is the inability to accept a loss that creates this\u00a0snow ball.<\/p>\n

I am not a psychologist nor a professional writer (English is my second language if you did not tell by now (-:<\/p>\n

What I am hoping for is that by writing this I may help the “good voice” inside your head that tells you DONT double down OR just keep the stop, win over that bad voice that is whispering to you to go ahead and reverse the position and double it when it is clearly not in your game plan…Trading is tough mentally, financially and emotionally, help yourself be a better trader by being a more disciplined trader.<\/p>\n

Last but not least, do NOT enter a trade with the thought of\u00a0let\u00a0me get in and see how it goes…Risk levels, potential targets, game plan…should all be there BEFORE you enter the trade!<\/p>\n

GOOD TRADING<\/strong><\/p>\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\u00a0Futures Trading<\/a>\u00a0Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

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

Levels for Trade Date of 11.16.2016<\/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 Dec. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2203.50<\/td>\n4890.58<\/td>\n19028<\/td>\n1323.27<\/td>\n101.28<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2190.75<\/td>\n4834.92<\/td>\n18952<\/td>\n1313.83<\/td>\n100.78<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2184.00<\/td>\n4799.33<\/td>\n18909<\/td>\n1307.27<\/td>\n100.48<\/td>\n<\/tr>\n
Pivot<\/td>\n2171.25<\/td>\n4743.67<\/td>\n18833<\/td>\n1297.83<\/td>\n99.98<\/td>\n<\/tr>\n
Support 1<\/td>\n2164.50<\/td>\n4708.08<\/td>\n18790<\/td>\n1291.27<\/td>\n99.67<\/td>\n<\/tr>\n
Support 2<\/td>\n2151.75<\/td>\n4652.42<\/td>\n18714<\/td>\n1281.83<\/td>\n99.17<\/td>\n<\/tr>\n
Support 3<\/td>\n2145.00<\/td>\n4616.83<\/td>\n18671<\/td>\n1275.27<\/td>\n98.87<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nDec. Silver<\/td>\nDec. Crude Oil<\/td>\nDec. Bonds<\/td>\nDec. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1245.9<\/td>\n17.51<\/td>\n49.29<\/td>\n156 15\/32<\/td>\n1.0907<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1238.6<\/td>\n17.32<\/td>\n47.68<\/td>\n155 31\/32<\/td>\n1.0869<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1233.1<\/td>\n17.19<\/td>\n46.76<\/td>\n155 6\/32<\/td>\n1.0805<\/td>\n<\/tr>\n
Pivot<\/td>\n1225.8<\/td>\n17.01<\/td>\n45.15<\/td>\n154 22\/32<\/td>\n1.0766<\/td>\n<\/tr>\n
Support 1<\/td>\n1220.3<\/td>\n16.88<\/td>\n44.23<\/td>\n153 29\/32<\/td>\n1.0702<\/td>\n<\/tr>\n
Support 2<\/td>\n1213.0<\/td>\n16.69<\/td>\n42.62<\/td>\n153 13\/32<\/td>\n1.0664<\/td>\n<\/tr>\n
Support 3<\/td>\n1207.5<\/td>\n16.56<\/td>\n41.70<\/td>\n152 20\/32<\/td>\n1.0600<\/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>\nJan. Beans<\/td>\nDec. SoyMeal<\/td>\nDec. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n347.3<\/td>\n408.7<\/td>\n1002.33<\/td>\n316.17<\/td>\n2.92<\/td>\n<\/tr>\n
Resistance 2<\/td>\n344.7<\/td>\n405.3<\/td>\n996.17<\/td>\n313.83<\/td>\n2.87<\/td>\n<\/tr>\n
Resistance 1<\/td>\n343.1<\/td>\n402.2<\/td>\n992.83<\/td>\n311.97<\/td>\n2.79<\/td>\n<\/tr>\n
Pivot<\/td>\n340.4<\/td>\n398.8<\/td>\n986.67<\/td>\n309.63<\/td>\n2.74<\/td>\n<\/tr>\n
Support 1<\/td>\n338.8<\/td>\n395.7<\/td>\n983.3<\/td>\n307.8<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n336.2<\/td>\n392.3<\/td>\n977.17<\/td>\n305.43<\/td>\n2.62<\/td>\n<\/tr>\n
Support 3<\/td>\n334.6<\/td>\n389.2<\/td>\n973.83<\/td>\n303.57<\/td>\n2.54<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/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\n\n\n\n
Date<\/th>\n4:20pm<\/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
WedNov 16<\/span><\/td>\n<\/a>\u00a04:00am<\/span><\/td>\nUSD<\/td>\n<\/td>\n\n
FOMC Member Bullard Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
Average Earnings Index 3m\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.3%<\/td>\n2.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Claimant Count Change<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.9K<\/td>\n0.7K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n4.9%<\/td>\n4.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
PPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Core PPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Member Cunliffe Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
Capacity Utilization Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n75.5%<\/td>\n75.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Industrial Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
CB Leading Index m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
NAHB Housing Market Index<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n63<\/td>\n63<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Crude Oil Inventories<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4M<\/td>\n2.4M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00pm<\/td>\nUSD<\/td>\n<\/td>\n\n
TIC Long-Term Purchases<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n48.3B<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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":[67,61],"tags":[16,129],"class_list":["post-11807","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-futures-trading","tag-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11807","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=11807"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11807\/revisions"}],"predecessor-version":[{"id":11810,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11807\/revisions\/11810"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}