{"id":18399,"date":"2023-04-21T12:15:31","date_gmt":"2023-04-21T20:15:31","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18399"},"modified":"2023-04-21T12:15:31","modified_gmt":"2023-04-21T20:15:31","slug":"weekly-newsletter-how-to-utilize-bollinger-bands-and-parabolics-when-trading-futures-trading-levels-4-24-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-how-to-utilize-bollinger-bands-and-parabolics-when-trading-futures-trading-levels-4-24-2023\/","title":{"rendered":"Weekly Newsletter: How to utilize Bollinger bands and Parabolics When Trading Futures + Trading Levels 4.24.2023"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1142<\/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 Notices &#8211; July is now front month<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0Trading Videos to Expand your Trading<\/li>\n<li>Hot Market of the Week &#8211;\u00a0Kansas City Wheat Calendar Spread<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0Crude Oil Intraday System<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Important Notices &#8211;\u00a0July Grains and Softs<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div><\/div>\n<div>\n<p>If you are trading <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Wheat-Futures\">wheat<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Soybeans-Futures\">beans<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Corn-Futures\">corn<\/a> or <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/agriculture\/Coffee-Futures\">coffee<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/agriculture\/Sugar-11-Futures\">sugar<\/a> and <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/agriculture\/Cotton-2-Futures\">cotton<\/a> to name a few markets, it is time to start trading the July contract rather than the may contract which goes into delivery. The July contract now has higher volume and open interest and is considered front month<\/p>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<ul>\n<li>\n<h3>Trading Resource of the Week &#8211; Trading Videos<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div align=\"justify\">\n<div align=\"justify\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\">Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">1. Using\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/FreeVideos\" target=\"_blank\" rel=\"noopener noreferrer\">Bolinger Bands<\/a>\u00a0as a possible tool for exiting trades<\/div>\n<div align=\"center\">2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop<\/div>\n<div align=\"center\">3. Different ways traders can utilize\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/FreeVideos\" target=\"_blank\" rel=\"noopener noreferrer\">support and resistance levels<\/a>\u00a0in their trading.<\/div>\n<div align=\"center\">4. Entering trades on a stop, using &#8220;price confirmation&#8221;.<\/div>\n<div align=\"center\">5. Utilizing\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/FreeVideos\" target=\"_blank\" rel=\"noopener noreferrer\">Range Bar charts<\/a>\u00a0for shorter term trading as a way to try and filter out some noise.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/services\/FreeVideos\" target=\"_blank\" rel=\"noopener noreferrer\">Watch the videos instantly by clicking here<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<p><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=0017RzR1wcU39ny85hiIhSLUGklcl5RJcPVswvPUczYEwMhTybqLIKLLgjTE61WbHEAzZP_6NpsS9kSmybv1SR70Eoyca9K7zs71i7qurtRudVVLPG1OgWZsUL4t2PV6AC_jGeIWWxQIWV1cTC5cZHDwbQ-yfbvhpwABqEry4CtvPjm0QdfmpTMgg==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions.<\/p>\n<div align=\"center\"><\/div>\n<div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Hot Market of the Week &#8211; <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Wheat-Futures\">July December KC Wheat<\/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\"><\/div>\n<\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Wheat-Futures\">The July- December Kansas City wheat<\/a> spread satisfied its first upside price count objective to start the month and has been in a corrective posture sense. If the chart can extend its rally with new sustained highs the second count would project a run to the 15-cent area<\/div>\n<div align=\"center\"><\/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\">\n<div class=\"mceTemp\"><\/div>\n<\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/156158cd-c2e4-4fd0-898a-83acc2ce57f3.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\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 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<ul>\n<li>\n<h3><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=23473\" target=\"_blank\" rel=\"noopener\">Broker&#8217;s Trading System of the Week<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>With\u00a0algorithmic\u00a0trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker&#8217;s choice for this month.<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=23473\" target=\"_blank\" rel=\"noopener\"><strong>NoG euro CL TBO M1C<\/strong><\/a><\/div>\n<div><\/div>\n<div><strong>PRODUCT<\/strong><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/WTI-Light-Sweet-Crude-Oil-Futures\">Crude Oil<\/a><\/div>\n<div><\/div>\n<div><strong>SYSTEM TYPE<\/strong><\/div>\n<div>Intraday<\/div>\n<div><\/div>\n<div><strong>Recommended Cannon Trading Starting Capital<\/strong><\/div>\n<div>$12,000<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=23473\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here for Full Performance and Details<\/a><\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/0977b6f5-b42d-4efd-b539-330f45ed6a63.jpg\" alt=\"\" title=\"\"><\/div>\n<div>The performance shown above is hypothetical in that the chart represents returns in a model account. The model\u00a0account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant\u00a0to the listed system\u2019s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available \u2013\u00a0by the hypothetical single contract profit and loss of trades generated by the system\u2019s trading signals on that day in\u00a0real time (real\u2010time) less slippage, or if no real time profit or loss available \u2013 by the hypothetical single contract profit\u00a0and loss of trades generated by running the system logic backwards on back adjusted data.\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/isystems-automated-trading-platform\" target=\"_blank\" rel=\"noopener noreferrer\">Please read full disclaimer HERE.<\/a><\/div>\n<div><\/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 April 17th, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 536px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/dc5023e1-54cb-4f8b-b449-d26f8c109c36.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"536\" height=\"630\" 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\/877df60b-b8fd-40de-b3f0-1ab9c022c3c9.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 align=\"center\"><\/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><\/div>\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/04432327-729f-4759-8297-917e597c95f6.jpg\" alt=\"\" title=\"\"><\/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 # 1142 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211; July is now front month Trading Resource of the Week &#8211;\u00a0Trading Videos to Expand your Trading Hot Market of the Week &#8211;\u00a0Kansas City Wheat Calendar Spread Broker&#8217;s Trading System [&hellip;]<\/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":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18399","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","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\/18399","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=18399"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18399\/revisions"}],"predecessor-version":[{"id":18403,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18399\/revisions\/18403"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}