{"id":14527,"date":"2018-09-19T12:03:44","date_gmt":"2018-09-19T20:03:44","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14527"},"modified":"2018-09-19T12:03:44","modified_gmt":"2018-09-19T20:03:44","slug":"trading-levels-9-20-18-top-50-trading-rules","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-9-20-18-top-50-trading-rules\/","title":{"rendered":"Trading Levels for 9.20.18 & Top 50 Trading Rules"},"content":{"rendered":"

____________________________________________________________________<\/span><\/b><\/em><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

____________________________________________________________________<\/span><\/b><\/em><\/p>\n

Dear Traders,<\/p>\n

\n
\n
Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n
<\/div>\n
Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n
\n
\n
\n
\n
\n

Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
Five hundred experienced futures brokers were asked what caused most futures traders to lose money. Their answers reflected the trading experience of more than 10,000 futures traders. You may recognize some of your strengths and weaknesses. Many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that, alas, many futures traders lose money for many of the same reasons. Perhaps the statements of these experienced brokers can help you in the sometimes fickle, often intricate, and always interesting marketplace of futures trading.<\/div>\n<\/div>\n
<\/div>\n
Here is what they said.\u00a0<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
1. Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.<\/div>\n
<\/div>\n
2. Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.Download the PDF and find out what they said.<\/strong><\/a><\/p>\n
<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\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.\u00a0 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

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

09-20-2018<\/p>\n

 <\/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 December 2018<\/strong><\/td>\nSP500 #ES_F<\/strong><\/td>\nNasdaq100\u00a0 #NQ_F<\/strong><\/td>\nDow Jones\u00a0 #YM_F<\/strong><\/td>\nMini Russell #RTY_F<\/strong><\/td>\nBitCoin Index #XBT_F<\/strong><\/td>\n<\/tr>\n
Resistance 3<\/td>\n2933.42<\/td>\n7631.00<\/td>\n26787<\/td>\n1741.20<\/td>\n6978.35<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2926.08<\/td>\n7588.50<\/td>\n26645<\/td>\n1732.70<\/td>\n6745.93<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2920.42<\/td>\n7555.75<\/td>\n26548<\/td>\n1720.30<\/td>\n6575.77<\/td>\n<\/tr>\n
Pivot<\/td>\n2913.08<\/td>\n7513.25<\/td>\n26406<\/td>\n1711.80<\/td>\n6343.35<\/td>\n<\/tr>\n
Support 1<\/td>\n2907.42<\/td>\n7480.50<\/td>\n26309<\/td>\n1699.40<\/td>\n6173.19<\/td>\n<\/tr>\n
Support 2<\/td>\n2900.08<\/td>\n7438.00<\/td>\n26167<\/td>\n1690.90<\/td>\n5940.77<\/td>\n<\/tr>\n
Support 3<\/td>\n2894.42<\/td>\n7405.25<\/td>\n26070<\/td>\n1678.50<\/td>\n5770.61<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Contract <\/strong><\/td>\nDecember Gold #GC_F<\/strong><\/td>\nDec. Silver #SI-F<\/strong><\/td>\nNov. Crude Oil #CL-F<\/strong><\/td>\nDec.\u00a0 Bonds\u00a0 #ZB_F<\/strong><\/td>\nDec.\u00a0 Euro #6E_F<\/strong><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1220.8<\/td>\n14.57<\/td>\n72.73<\/td>\n141 20\/32<\/td>\n1.1857<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1215.9<\/td>\n14.47<\/td>\n71.78<\/td>\n141\u00a0 6\/32<\/td>\n1.1827<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1212.0<\/td>\n14.37<\/td>\n71.27<\/td>\n140 20\/32<\/td>\n1.1791<\/td>\n<\/tr>\n
Pivot<\/td>\n1207.1<\/td>\n14.27<\/td>\n70.32<\/td>\n140\u00a0 6\/32<\/td>\n1.1761<\/td>\n<\/tr>\n
Support 1<\/td>\n1203.2<\/td>\n14.17<\/td>\n69.81<\/td>\n139 20\/32<\/td>\n1.1725<\/td>\n<\/tr>\n
Support 2<\/td>\n1198.3<\/td>\n14.07<\/td>\n68.86<\/td>\n139\u00a0 6\/32<\/td>\n1.1695<\/td>\n<\/tr>\n
Support 3<\/td>\n1194.4<\/td>\n13.97<\/td>\n68.35<\/td>\n138 20\/32<\/td>\n1.1659<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Contract <\/strong><\/td>\nDec.\u00a0 Corn #ZC_F<\/strong><\/td>\nDec. Wheat #ZW_F<\/strong><\/td>\nNov. Beans #ZS_F<\/strong><\/td>\nDec. SoyMeal #ZM_F<\/strong><\/td>\nOct. Nat Gas #NG_F<\/strong><\/td>\n<\/tr>\n
Resistance 3<\/td>\n351.1<\/td>\n535.4<\/td>\n850.92<\/td>\n317.73<\/td>\n2.98<\/td>\n<\/tr>\n
Resistance 2<\/td>\n348.9<\/td>\n529.3<\/td>\n840.83<\/td>\n313.87<\/td>\n2.96<\/td>\n<\/tr>\n
Resistance 1<\/td>\n347.3<\/td>\n525.9<\/td>\n835.42<\/td>\n311.53<\/td>\n2.93<\/td>\n<\/tr>\n
Pivot<\/td>\n345.2<\/td>\n519.8<\/td>\n825.33<\/td>\n307.67<\/td>\n2.92<\/td>\n<\/tr>\n
Support 1<\/td>\n343.6<\/td>\n516.4<\/td>\n819.9<\/td>\n305.3<\/td>\n2.9<\/td>\n<\/tr>\n
Support 2<\/td>\n341.4<\/td>\n510.3<\/td>\n809.83<\/td>\n301.47<\/td>\n2.87<\/td>\n<\/tr>\n
Support 3<\/td>\n339.8<\/td>\n506.9<\/td>\n804.42<\/td>\n299.13<\/td>\n2.84<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

www.forexfactory.com<\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:22pm<\/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
ThuSep 20<\/span><\/td>\n<\/a>\u00a04:30am<\/span><\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
Retail Sales m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.2%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
\n
Spanish 10-y Bond Auction<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n1.43|1.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nGBP<\/td>\n\n
<\/div>\n<\/td>\n
\n
10-y Bond Auction<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n1.46|2.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Philly Fed Manufacturing Index<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n17.5<\/td>\n11.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Unemployment Claims<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n210K<\/td>\n204K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
\n
Consumer Confidence<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-2<\/td>\n-2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
CB Leading Index m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Existing Home Sales<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n5.36M<\/td>\n5.34M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n\n
<\/div>\n<\/td>\n
\n
Natural Gas Storage<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n81B<\/td>\n69B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n11:15am<\/td>\nEUR<\/td>\n\n
<\/div>\n<\/td>\n
\n
German Buba President Weidmann Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/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. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures Five hundred experienced futures brokers were asked what caused most futures traders to lose money. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-14527","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14527","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=14527"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14527\/revisions"}],"predecessor-version":[{"id":14528,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14527\/revisions\/14528"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}