{"id":18294,"date":"2023-02-17T13:17:38","date_gmt":"2023-02-17T21:17:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18294"},"modified":"2023-02-17T13:17:38","modified_gmt":"2023-02-17T21:17:38","slug":"weekly-newsletter-1134-gold-outlook-presidents-day-schedule-trading-levels-2-20-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1134-gold-outlook-presidents-day-schedule-trading-levels-2-20-2023\/","title":{"rendered":"Weekly Newsletter #1134: Gold Outlook + President&#8217;s Day Schedule + Trading Levels 2.20.2023"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1134<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<div>\n<h3>In this issue:<\/h3>\n<ul>\n<li>Important Updates:\u00a0President&#8217;s Day Trading Schedule<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0Measuring Your Trading Progress<\/li>\n<li>Hot Market of the Week &#8211;\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">Gold Futures<\/a><\/li>\n<li>Trading Levels\u00a0for Next Week<\/li>\n<li>Trading Reports\u00a0for Next Week<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<figure style=\"width: 768px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2023\/02\/P-Day-2023-768x818.png\" alt=\"Presidents Day Futures Trading Schedule 2023\" width=\"768\" height=\"818\" title=\"\"><figcaption class=\"wp-caption-text\">GLOBEX CME, ICE Presidents Day Futures Trading Schedule 2023<\/figcaption><\/figure>\n<div>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h3><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/10-Key-Questions-on-Measuring-Your-Futures-Trading-Progress\" target=\"_blank\" rel=\"noopener noreferrer\">10 Key Questions on Measuring Your Trading Progress, Success<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div>\n<div align=\"justify\">At some point in nearly everyone\u2019s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn\u2019t do a lot to move you farther down the road of where you want to be regarding trading success.<\/div>\n<div align=\"justify\">Most traders also wonder about the success rates of the \u201cprofessional\u201d traders\u2014the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">1.\u00a0<strong>What is trading \u201csuccess?\u201d<\/strong>\u00a0This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading\u2014making more money than you lose. There are other secondary factors that also define success in trading, such as finding a \u201cbalance\u201d between trading and other life activities. But it\u2019s being profitable at trading that is the benchmark of defining success.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">2.\u00a0<strong>What is trading \u201cprogress?\u201d<\/strong>\u00a0Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress\u2014namely continuing to seek out trading and market knowledge. Traders who truly enjoy the \u201cprogress\u201d and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">3.\u00a0<strong>At what point in my trading timeline should I expect trading \u201csuccess?\u201d<\/strong>\u00a0Trading success (winning trades) can come right away\u2014even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a \u201chot streak\u201d that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm\u2014if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: \u201cI\u2019ve been trading two years and I\u2019ve only been able to about break even.\u201d My reply to them is, \u201cHey, you should not be too discouraged with those results. Many traders don\u2019t have that kind of success in the early going.\u201d<\/div>\n<div align=\"justify\"><\/div>\n<\/div>\n<\/div>\n<div>\n<div align=\"justify\">\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/10-Key-Questions-on-Measuring-Your-Futures-Trading-Progress\" target=\"_blank\" rel=\"noopener noreferrer\">Finish reading the Article<\/a><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div align=\"center\"><a href=\"https:\/\/www.worldcupchampionships.com\/cannon?aff_id=205&amp;source=blog\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/368db221-6c82-4b49-9336-1ad2496cfaa4.jpg\" alt=\"\" title=\"\"><\/a><\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">Hot Market of the Week &#8211;\u00a0April Gold<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div>\n<div>\n<div>Hot market of the week is provided by QT Market Center,\u00a0A swiss army knife charting package that&#8217;s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">April Gold<\/a>\u00a0satisfied its first upside PriceCount objective last month and could not sustain further strength. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 1797. It would take a trade below the November reactionary low to negate the remaining upside targets.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<figure style=\"width: 1083px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/2b53980f-0434-4471-a86b-bb5ebfb48ac3.jpg\" alt=\"#GC\" width=\"1083\" height=\"455\" title=\"\"><figcaption class=\"wp-caption-text\">April Gold Futures Chart<\/figcaption><\/figure>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<div>The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/div>\n<\/div>\n<div><\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div>Sign Up for a<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0Free Personalized Consultation<\/a>\u00a0with a Broker from Cannon Trading Company<\/div>\n<div>Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">confidential consultation<\/a>\u00a0with a Cannon Trading Company series 3 broker.<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for February 6th, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 610px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3344596d-4856-46a0-986a-c01e871de535.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"610\" height=\"747\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3f2c6ad7-9dea-4758-a947-9f1b600e1f28.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" 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><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/15046dc8-cc18-446e-acd7-63fd2acc6028.jpg\" alt=\"\" title=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">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 herein 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 judgment in trading<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1134 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Updates:\u00a0President&#8217;s Day Trading Schedule Trading Resource of the Week &#8211;\u00a0Measuring Your Trading Progress Hot Market of the Week &#8211;\u00a0Gold Futures Trading Levels\u00a0for Next Week Trading Reports\u00a0for Next Week &nbsp; 10 Key [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,1434,76,230,30,1334],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18294","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-charts-indicators","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-gold-futures","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18294","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=18294"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18294\/revisions"}],"predecessor-version":[{"id":18297,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18294\/revisions\/18297"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}