Matt or Steve what do you think of this chart? Matt said this
morning it might bounce off the trendline ? Is it still a good
entry? I've been waiting for the oversold bounce
We posted several charts earlier today (when it reversed) on
Natural Gas with lower risk triggers following a very steep
decline. A daily trigger would have been above yesterday's
highs and followed by a stop at 50% of today's candle or some
partial profits depending upon your style. I like to lock
down profits with this backdrop.
One thing about Natgas - often times (not always) the first move
is a trade and then look for a backtest (higher low or divergent
low). If trading Natgas, you really should be monitoring the
Natgas Futures.
Posted by retirefire on 4th of Oct 2019 at 09:17 am
I just looked at daily charts and both UNG and UGAZ tagged and
closed near their ema (5) yesterday. In hindsight could a short
trade have been taken there? Would that be considered a trigger for
DGAZ ?
retirefire - that (the 5 ema) would be the first area of supply
- best to track the futures if trading Natgas. I warned
about a pullback on the first pop yesterday afternoon as
something more likely to happen
The natural gas futures retraced EXACTLY .618 of yesterday's
move and now attempting to bounce (monitor)
Matt or Steve what do
Posted by hstrader on 3rd of Oct 2019 at 05:24 pm
Matt or Steve what do you think of this chart? Matt said this morning it might bounce off the trendline ? Is it still a good entry? I've been waiting for the oversold bounce
We posted several charts earlier
Posted by steve on 3rd of Oct 2019 at 06:08 pm
We posted several charts earlier today (when it reversed) on Natural Gas with lower risk triggers following a very steep decline. A daily trigger would have been above yesterday's highs and followed by a stop at 50% of today's candle or some partial profits depending upon your style. I like to lock down profits with this backdrop.
One thing about Natgas - often times (not always) the first move is a trade and then look for a backtest (higher low or divergent low). If trading Natgas, you really should be monitoring the Natgas Futures.
Natural Gas moving down towards
Posted by steve on 9th of Oct 2019 at 12:25 pm
Natural Gas moving down towards previous lows area (inventories tomorrow). Click on title to see my comments from last week on Natgas tendency
will obviously resolve tomorrow.
Posted by erikvik on 9th of Oct 2019 at 12:35 pm
will obviously resolve tomorrow.
Natgas futures stalled just under
Posted by steve on 4th of Oct 2019 at 08:50 am
Natgas futures stalled just under its declining 9 day EMA and have moved lower overnight - see my comments yesterday afternoon
I just looked at daily
Posted by retirefire on 4th of Oct 2019 at 09:17 am
I just looked at daily charts and both UNG and UGAZ tagged and closed near their ema (5) yesterday. In hindsight could a short trade have been taken there? Would that be considered a trigger for DGAZ ?
retirefire - that (the 5
Posted by steve on 4th of Oct 2019 at 09:19 am
retirefire - that (the 5 ema) would be the first area of supply - best to track the futures if trading Natgas. I warned about a pullback on the first pop yesterday afternoon as something more likely to happen
The natural gas futures retraced EXACTLY .618 of yesterday's move and now attempting to bounce (monitor)
Nice bounce on Natgas from
Posted by steve on 4th of Oct 2019 at 10:51 am
Nice bounce on Natgas from the overnight pullback - trim and trail