{"id":18847,"date":"2023-08-25T12:17:46","date_gmt":"2023-08-25T20:17:46","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18847"},"modified":"2023-08-25T12:17:46","modified_gmt":"2023-08-25T20:17:46","slug":"weekly-newsletter-trade-exits-december-cotton-outlook-levels-for-august-28th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-trade-exits-december-cotton-outlook-levels-for-august-28th\/","title":{"rendered":"Weekly Newsletter: Trade Exits, December Cotton Outlook + Levels for August 28th"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1160<\/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>Trading Updates:\u00a0<em><strong>Labor Day Schedule<\/strong><\/em><\/li>\n<li>Trading Resource of the Week\u00a0&#8211; <em><strong>Exiting Trades<\/strong><\/em><\/li>\n<li>Hot Market of the Week &#8211;\u00a0<em><strong>December Cotton<\/strong><\/em><\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0<em><strong>Micro NQ and ES Trading Systems<\/strong><\/em><\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<div>\n<div align=\"center\"><\/div>\n<\/div>\n<div><\/div>\n<div>\n<ul>\n<li>\n<div><strong>Labor Day 2023 Holiday Schedule for CME \/ Globex and ICE Exchange<\/strong><\/div>\n<div><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/labor-day-2023-holiday-schedule-for-cme-globex-and-ice-exchange\/\" target=\"_blank\" rel=\"noopener noreferrer\">View Schedule Here<\/a><\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/labor-day-2023-holiday-schedule-for-cme-globex-and-ice-exchange\/\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/2b4a530b-9510-416b-8878-c40222513839.jpg\" alt=\"\" title=\"\"><\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li><strong>Trading Resource of the Week &#8211;\u00a0:\u00a0When and Where Do I exit My Trade?<\/strong><\/li>\n<\/ul>\n<div align=\"left\"><\/div>\n<div align=\"left\"><\/div>\n<div align=\"justify\">Whether you\u2019re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:<\/div>\n<\/div>\n<div><\/div>\n<div>\n<ul>\n<li>Where, When and how do I enter a trade?<\/li>\n<li>How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?<\/li>\n<li>Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Finish\u00a0<a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Different-Ways-to-Exit-Futures-markets-and-Commodities-Trades\" target=\"_blank\" rel=\"noopener noreferrer\">reading the article<\/a>\u00a0along with chart examples<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Different-Ways-to-Exit-Futures-markets-and-Commodities-Trades\"><img decoding=\"async\" src=\"https:\/\/www.cannontrading.com\/community\/newsletter\/202205\/FIB_ext.jpg\" alt=\"\" title=\"\"><\/a><\/p>\n<div>\n<ul>\n<li>\n<h3><strong>Hot Market of the Week &#8211; <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/agriculture\/Cotton-2-Futures\">December Cotton<\/a><\/strong><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/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><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/agriculture\/Cotton-2-Futures\">December Cotton<\/a>\u00a0satisfied its\u00a0first upside PriceCount objective recently and corrected. At this point, if the chart can resume its rally with new sustained highs, the second count would project a possible run to the 95.74 area.<\/div>\n<div><\/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>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/a5d83cbd-f3ce-47ed-9328-be1a6e3f4091.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/a5d83cbd-f3ce-47ed-9328-be1a6e3f4091.jpg\" alt=\"\" title=\"\"><\/a><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">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 align=\"center\"><\/div>\n<div align=\"center\">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 align=\"center\"><\/div>\n<div>\n<div><\/div>\n<\/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>Broker&#8217;s Trading System of the Week<\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>Are you interested in seeing how two different intraday trading systems perform in real time, live trading?<\/div>\n<div><\/div>\n<div>Cannon Trading offers you weekly updates on the results of these systems, which trade the <a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/micro-nq-might-be-a-better-choice-in-this-volatility-than-nq-trading-levels-for-02-06-2020\/\">MNQ (micro mini Nasdaq)<\/a> and the <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-SP-500-Futures\">ES (mini SP)<\/a> respectively.<\/div>\n<div><\/div>\n<div>You can compare and contrast their strategies, risks, and returns, and decide which one suits your trading goals better. All you need is a minimum account size of $10,000 for the MNQ system and $25,000 for the ES system.<\/div>\n<\/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 August 28th, 2023<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<table class=\"poll-question\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"top\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_text\">Would you like to receive daily support &amp; resistance levels?<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\">\n<table class=\"poll-answer\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"middle\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_choice_1_text\">Yes<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"poll-button\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\" bgcolor=\"#3661BD\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\">\n<div><a href=\"https:\/\/campaignlp.constantcontact.com\/forms\/response?id=tiLlM7NobJmOjaKfyyForBFmeH3eO8r7_RYE_A-4Vp_O4UAAHgwC8r2U1wW5-uegFBI60m0ykJnfKqYOkXfE67CebXsf8ClGEMIAsr9DDFAgAvwptIjCTzfKXsOtrxIpBb79xp2tJaxWTJwLcwTJZ27B5lUkRveoTAksJSt0ZaxMvkril64Qc6CnrGOwJm3yuzWk_BooTyXFYMefTsr-aw&amp;encVer=1&amp;c=&amp;ch=&amp;mode=preview\" target=\"_blank\" rel=\"noopener\">Select<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"divider-base divider-dashed\" align=\"center\" valign=\"top\" width=\"100%\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" height=\"1\">\n<div><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\">\n<table class=\"poll-answer\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"editor-text\" align=\"left\" valign=\"middle\">\n<div><span data-entity-ref=\"POLL.ca-1664310937429.question_1_choice_2_text\">No<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"poll-button\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"right\" bgcolor=\"#3661BD\">\n<tbody>\n<tr>\n<td align=\"center\" valign=\"top\">\n<div><a href=\"https:\/\/campaignlp.constantcontact.com\/forms\/response?id=tiLlM7NobJmOjaKfyyForBFmeH3eO8r7_RYE_A-4Vp_O4UAAHgwC8r2U1wW5-uegFBI60m0ykJnfKqYOkXfE67CebXsf8ClGEMIAsr9DDFAgAvwptIjCTzfKXsOtrxIpBb79xp2tJaxWTJwLcwTJZ27B5lUkRveoTAksJSt0ZaxMvkril64Qc6CnrGOwJm3yuzWk_BooTyXXN6S9LkQxSg&amp;encVer=1&amp;c=&amp;ch=&amp;mode=preview\" target=\"_blank\" rel=\"noopener\">Select<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"divider-base divider-dashed\" align=\"center\" valign=\"top\" width=\"100%\">\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"center\" height=\"1\">\n<div><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p>&nbsp;<\/p>\n<figure style=\"width: 577px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/c4605172-dc5a-49af-97a9-1d54d8bf65a5.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"577\" height=\"709\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/7ea01673-3635-4992-9b37-7fc8f73cd2b4.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week: <\/strong><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/39d49ed0-346f-4b10-9104-d8e0ce75b979.jpg\" alt=\"\" title=\"\"><\/div>\n<div style=\"text-align: left;\" 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 class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\"><\/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<p>&nbsp;<\/p>\n<div>Good Trading!<\/div>\n<div>Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You 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.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1160 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Trading Updates:\u00a0Labor Day Schedule Trading Resource of the Week\u00a0&#8211; Exiting Trades Hot Market of the Week &#8211;\u00a0December Cotton Broker&#8217;s Trading System of the Week &#8211;\u00a0Micro NQ and ES Trading Systems Trading Levels [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,1434,230,70,61,235,344,1484,1378],"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-18847","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-charts-indicators","category-day-trading-2","category-future-trading-platform","category-futures-trading-2","category-index-futures","category-indices","category-nasdaq","category-sp-500","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\/18847","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=18847"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18847\/revisions"}],"predecessor-version":[{"id":18849,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18847\/revisions\/18849"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}