{"id":18446,"date":"2023-05-05T12:23:41","date_gmt":"2023-05-05T20:23:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18446"},"modified":"2023-05-05T12:23:41","modified_gmt":"2023-05-05T20:23:41","slug":"creating-effective-trading-technique-strategies-levels-for-may-8th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/creating-effective-trading-technique-strategies-levels-for-may-8th\/","title":{"rendered":"Creating Effective Trading Technique Strategies + Levels for May 8th"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1144<\/strong><\/h3>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\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<\/div>\n<ul>\n<li>Important Notices &#8211;\u00a0CPI, PPI, Crop Reports is this Week!<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0FREE Trading Psychology Course<\/li>\n<li>Hot Market of the Week &#8211;\u00a0July Bean Meal<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0Browse Hundreds of &#8220;Hands Free&#8221; Systems<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Important Notices<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div>This week we have CPI, PPI and crop report!<\/div>\n<\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/75f672fe-8695-4e67-94a2-e7167a2bf312.png\" alt=\"\" title=\"\"><\/div>\n<div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<ul>\n<li>\n<h3>Trading Resource of the Week &#8211; Get An Edge With the Trading Psychology Course FREE<\/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\">\n<h3>Trading 102: Commitment of Traders Report &#8211; What Lies beneath<\/h3>\n<div><\/div>\n<div align=\"justify\">\n<div align=\"justify\">Many experienced traders say that the stiffest challenge you\u2019ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">In this \u201cTrading Psychology\u201d Course you will learn:<\/div>\n<div align=\"justify\"><\/div>\n<ul>\n<li>How to examine your patterns and behaviors and recognize when they are holding you back<\/li>\n<li>Maintaining self-confidence as a trader even in the face of inexperience<\/li>\n<li>The mathematical expectation model and how it can decrease your losses<\/li>\n<li>Determining the trading plan that is right for your trading personality<\/li>\n<li>Understanding and using Motivation \u2013 Risk \u2013 Reward to its full advantage<\/li>\n<li>Creating effective trading technique strategies<\/li>\n<li>Qualities of Successful Traders<\/li>\n<\/ul>\n<div align=\"left\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/On-Demand-Course-Trading-Psychology\" target=\"_blank\" rel=\"noopener noreferrer\">ACCESS THE COURSE NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/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\/Soybean-Meal-Futures\">July Soybean Meal<\/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\/Soybean-Meal-Futures\">July soybean meal<\/a> completed its second downside PriceCount objective in March and corrected higher. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the $412 area where it will be normal to see some consolidation price action.<\/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 loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/c679d8f8-b672-44a1-8824-9595f59258f9.jpg\" alt=\"July Soybean Meal Chart\" width=\"1144\" height=\"477\" 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>Hundreds of &#8220;Hands Free&#8221; Automated Systems to Choose from!<\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>\n<div>Are you too busy to trade?\u00a0Perhaps you&#8217;re not confident enough and you&#8217;re trading. Maybe you&#8217;re looking to the diversify your own trading with algorithmic trading or what we call automated trading. Browse over 500 trading systems. Review back test results, live results, drawdowns, returns and much more!!<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/cannon.isystems.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Start Here<\/a><\/div>\n<\/div>\n<\/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 May 8th, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 616px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/8475586d-745d-4c7e-8918-100c39e98bf2.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"616\" height=\"751\" 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\/146bcea1-ea34-4261-8811-cb506ef21602.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\/2699a4b6-07ff-4bc0-add6-e1e0a71e731e.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 # 1144 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211;\u00a0CPI, PPI, Crop Reports is this Week! Trading Resource of the Week &#8211;\u00a0FREE Trading Psychology Course Hot Market of the Week &#8211;\u00a0July Bean Meal Broker&#8217;s Trading System of the Week [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,231,76,230,30,61,238,234],"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-18446","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-futures-trading-2","category-grain-futures","category-trading-guide","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\/18446","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=18446"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18446\/revisions"}],"predecessor-version":[{"id":18448,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18446\/revisions\/18448"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}