{"id":17159,"date":"2021-09-24T12:11:10","date_gmt":"2021-09-24T20:11:10","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17159"},"modified":"2021-09-24T12:11:36","modified_gmt":"2021-09-24T20:11:36","slug":"weekly-newsletter-1068-day-trading-mind-traps-intro-to-crude-oil-futures-course-trading-levels-for-the-week-ahead-9-27-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1068-day-trading-mind-traps-intro-to-crude-oil-futures-course-trading-levels-for-the-week-ahead-9-27-2021\/","title":{"rendered":"Weekly Newsletter 1068: Day Trading Mind Traps &#038; Intro to Crude Oil Futures Course &#038; Trading Levels for the Week Ahead 9.27.2021"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>Cannon Futures Weekly Letter Issue # 1068<\/strong><\/h1>\n<p>Dear Traders,<\/p>\n<div align=\"left\">\n<div align=\"center\">\n<div align=\"center\">Like us on FaceBook!<\/div>\n<div align=\"center\"><a href=\"http:\/\/www.facebook.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\" shape=\"rect\">www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div align=\"center\">\n<div align=\"center\">Get Real Time updates and\u00a0<a href=\"https:\/\/twitter.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h1 style=\"text-align: center;\">Day Trading Mind Traps<\/h1>\n<div><\/div>\n<div align=\"justify\">&#8220;One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely confident than recognize the real risks. This protective mechanism tends to work against us in trading.&#8221; Kenneth Reid, Ph.D<\/div>\n<div><\/div>\n<div align=\"justify\"><strong>MINDING THE MIND<\/strong><\/div>\n<div><\/div>\n<div align=\"justify\">The mind can play tricks on us. Intuitive Trading is an attempt to mind read the market, which makes us susceptible to whipsaws. Hindsight Bias causes traders to underestimate the difficulty of trading, while Competency Bias causes us to over-estimate our abilities. These are mental banana peels that set us up for a fall.<\/div>\n<div><\/div>\n<div align=\"justify\"><strong>INTUITIVE TRADING<\/strong><\/div>\n<div><\/div>\n<div align=\"justify\">Intuitive trading is a natural response to excessive randomness and non-linearity in the market. But making informed guesses is not the same as formulating a rule-based pattern-recognition system that gives a trader a true edge. Without a rule-based plan, intuitive traders expend a great deal of energy mindreading the market, which will not improve your odds of success. In fact, professional traders make a good living exploiting the emotionally-driven behavior of intuitive amateurs.<\/div>\n<div><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Silver-futures-outlook-and-day-trading-mind-traps#one\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article HERE<\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<h3><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Bookmap-Order-Flow-analysis-futures-iceberg-orders\" target=\"_blank\" rel=\"noopener noreferrer\">Watch a recording of a recent webinar<\/a>\u00a0held with Bookmap on the topics of:<\/h3>\n<ul>\n<li>Order Flow<\/li>\n<li>Where are the large orders?<\/li>\n<li>Heat Map?<\/li>\n<li>Tools for day-traders<\/li>\n<li><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Bookmap-Order-Flow-analysis-futures-iceberg-orders\" target=\"_blank\" rel=\"noopener noreferrer\">More&#8230;.<\/a><\/li>\n<\/ul>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/CME-Crude-Oil-Online-Course\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.cannontrading.com\/community\/newsletter\/202108\/CrudeOil.png\" alt=\"Crude Oil Futures\" width=\"777\" height=\"374\" title=\"\"><\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<h1 align=\"left\"><\/h1>\n<h1 style=\"text-align: center;\" align=\"left\"><strong>Trading 101: Free Course &#8211; An Introduction to Crude Oil<\/strong><\/h1>\n<div align=\"left\"><\/div>\n<ul>\n<li>WTI Overview<\/li>\n<li>Understanding <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">Crude Oil in the USA<\/a><\/li>\n<li>Importance of Cushing, Oklahomama<\/li>\n<li>Understanding European <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">Crude Oil<\/a><\/li>\n<li>Understanding <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">Crude Oil<\/a> Across Asian Region<\/li>\n<li>And Much More!<\/li>\n<li><\/li>\n<\/ul>\n<div><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/CME-Crude-Oil-Online-Course\" target=\"_blank\" rel=\"noopener noreferrer\" data-segment-action=\"add\" data-segment-id=\"42dd3290-dd7d-11e3-91c2-d4ae529a8639\">ACCESS THE COURSE NOW By Clicking Here<\/a><\/div>\n<\/div>\n<h3 style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/h3>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>09-27-2021<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/94f81159-dadb-447e-9b6f-49cc1451991b.png\" alt=\"Futures Trading Support and Resistance Levels 9.27.2021\" width=\"698\" height=\"639\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<h2>Weekly Levels<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/91e13da0-787e-4f6b-b3b3-4fea42eaae40.png\" alt=\"Futures Support and Resistance Levels\" width=\"704\" height=\"383\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<h3><a href=\"\/services\/vareaSignal\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/fd895ce3-49b5-4e54-936a-367b96f1f45f.png\" alt=\"Trading Signals for commodities\" width=\"589\" height=\"275\" title=\"\"><\/a><\/h3>\n<h3>Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/h3>\n<p><a href=\"https:\/\/mrci.com\" target=\"_blank\" rel=\"noopener\">https:\/\/mrci.com<\/a><\/p>\n<div class=\"pagearrange__layout-row full\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div class=\"flexShell\">Date Reports\/Expiration Notice Dates<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/8ce8de82-7054-4765-9449-d14b9a0b85f2.png\" alt=\"Futures Economic Reports\" width=\"539\" height=\"729\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. 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":"<p>Cannon Futures Weekly Letter Issue # 1068 Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! &nbsp; Day Trading Mind Traps &#8220;One way our brain helps keep us safe is to protect us from an awareness of our weaknesses. The brain believes that it is better to be falsely [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,230,61,1379],"tags":[1338,787,357,51,94,811,1241,763,428],"class_list":["post-17159","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-day-trading-2","category-futures-trading-2","category-weekly-newsletter","tag-brent-crude","tag-crude-light","tag-crude-oil-2","tag-crude-oil-futures","tag-crude-oil-futures-guide","tag-day-trading-101","tag-day-trading-beginners-guide","tag-day-trading-commodities","tag-day-trading-concepts"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17159","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=17159"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17159\/revisions"}],"predecessor-version":[{"id":17162,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17159\/revisions\/17162"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}