{"id":17249,"date":"2021-11-01T12:38:15","date_gmt":"2021-11-01T20:38:15","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17249"},"modified":"2021-11-01T12:50:09","modified_gmt":"2021-11-01T20:50:09","slug":"17249-2-futures-trader","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/17249-2-futures-trader\/","title":{"rendered":"Trading Wisdom and Support & Resistance Levels 11.02.2021"},"content":{"rendered":"

Dear Futures Trader,<\/p>\n

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My colleague John Thorpe, Senior Futures Broker, wanted to share the following with everyone:<\/div>\n
I would venture to guess that any futures trader who drills down into the nuts and bolts of fundamentals, technicals, astronomy, astrology, quantum mechanics, or any other academic pursuit associated with trading has a Library of books from well-silvered authors. One of my favorites, who has put out quite a bit of work over the past 50 years, is Jack D. Schwager. I’ll share one of his time honored quotes with you today.<\/div>\n
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\u201cOne of my favorite patterns is the tendency for the markets to move from relative lows to relative highs and vice versa every two to four days. This pattern is a function of human behavior. It takes several days of a market rallying before it looks really good. That\u2019s when everyone wants to buy it, and that\u2019s the time when the professionals, like myself, are selling. Conversely, when the market has been down for a few days, and everyone is bearish, that\u2019s the time I like to be buying.\u201d<\/div>\n
<\/div>\n
\u2015\u00a0Jack D. Schwager,\u00a0The New Market Wizards: Conversations with America’s Top Traders<\/a><\/div>\n
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If you are looking for other reference material please\u00a0contact your Cannon Broker<\/a> for lists of solid, informative and helpful trading<\/a> tomes for a futures trader.<\/div>\n<\/div>\n
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<\/div>\n
Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n
<\/div>\n

Good Trading<\/strong><\/h3>\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 when it comes to Futures Trading.<\/p>\n

 <\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

11-02-2021<\/p>\n

\"Support<\/p>\n

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\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n

https:\/\/bettertrader.co\/\u00a0<\/a><\/p>\n

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\"Better<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\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\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":"

Dear Futures Trader,   My colleague John Thorpe, Senior Futures Broker, wanted to share the following with everyone: I would venture to guess that any futures trader who drills down into the nuts and bolts of fundamentals, technicals, astronomy, astrology, quantum mechanics, or any other academic pursuit associated with trading has a Library of books […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,30,61],"tags":[1446,84,1445,1122,292,228,308],"class_list":["post-17249","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-broker-2","category-futures-trading-2","tag-bettertrader","tag-commodity-futures-trading","tag-daily-support-resistancelevels","tag-daily-support-and-resistance","tag-daily-support-and-resistance-levels","tag-futures-trading-advice","tag-futures-trading-advice-for-beginners"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17249","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17249"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17249\/revisions"}],"predecessor-version":[{"id":17260,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17249\/revisions\/17260"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}