{"id":17477,"date":"2022-01-31T13:33:29","date_gmt":"2022-01-31T21:33:29","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17477"},"modified":"2022-01-31T13:33:29","modified_gmt":"2022-01-31T21:33:29","slug":"uncovering-potential-unforeseen-traps-futures-support-and-resistance-levels-2-01-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/uncovering-potential-unforeseen-traps-futures-support-and-resistance-levels-2-01-2022\/","title":{"rendered":"Uncovering Potential Unforeseen Traps & Futures Support and Resistance Levels 2.01.2022"},"content":{"rendered":"
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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<\/div>\n<\/div>\n<\/div>\n
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Uncovering Potential Unforeseen Traps<\/h1>\n
by John Thorpe, Senior Broker<\/div>\n
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Many of you are purely technical traders and for good reason I understand why. It’s also critical to understand why there, from time to time, become sharp price deviations from your technicals that many times are simply one offs but sometimes can result in longer term trend shifts. It’s always important when trading Futures and Commodities to look past the headlines and beyond indicators and respect the weekly economic calendar. I Extoll the virtues with my clients and through this Blog the importance of knowing the markets you trade and the reports that Government agencies around the Globe generate at every opportunity I have with them . If you are trading Grains, ZS<\/a>, ZW<\/a>, KE<\/a>, ZC<\/a>, ZO<\/a>, ZL, ZM<\/a> monthly WASDE release dates , Planting Intentions and Weekly sales numbers are a few examples of reports that are released during trading hours that you need to be aware of, If you are trading Bonds, ZB Notes,<\/a> ZN<\/a>, Stock indices, S&P 500 ES<\/a>, MES , Nasdaq 100 NQ<\/a>, MNQ or trading any of the foreign currencies there are reports and Meetings that occur on a regimented basis that clearly impact your ability to manage risks to your satisfaction.. please, if you are new to this part of trading, don’t know where you can get this information readily, , there are services, Calendars and other resources your Broker can help you with. Just contact your Cannon Broker, She or He will be happy to share solid, respected sources so you don’t fall into a margin deficiency trap as a result of some unforeseen event that other traders were aware of and were able to plan accordingly to either become Flat, place appropriate stops, spread off the risk or utilize option strategies to avoid potential turmoil in your account.<\/div>\n<\/div>\n
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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

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

02-01-2022<\/p>\n

\"Futures<\/p>\n

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Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


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

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

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\"Better<\/p>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon 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":"

Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Uncovering Potential Unforeseen Traps by John Thorpe, Senior Broker Many of you are purely technical traders and for good reason I understand why. It’s also critical to understand why there, from time to time, become sharp price deviations from your technicals that many times […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,358],"tags":[],"class_list":["post-17477","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17477","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=17477"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17477\/revisions"}],"predecessor-version":[{"id":17480,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17477\/revisions\/17480"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}