one of my comments from last night on Nat gas and UNG or BOIL -
once the 9 EMA is lose - I'd look to place a buy limit order at the
20 day SMA - that area will get a bounce trade on the first test. I
use limit orders and reset them daily because the 20 SMA changes
daily - also I will miss the trade if I don't have a limit order in
waiting - unless you can watch it all day long, which I will not.
Maybe a good analogy would be it's like setting a mine or
trap that goes off automatically once triggered, you dont' have to
be there
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one of my comments from
UNG 15m / KOLD 10m
Posted by matt on 21st of Apr 2022 at 10:24 am
one of my comments from last night on Nat gas and UNG or BOIL - once the 9 EMA is lose - I'd look to place a buy limit order at the 20 day SMA - that area will get a bounce trade on the first test. I use limit orders and reset them daily because the 20 SMA changes daily - also I will miss the trade if I don't have a limit order in waiting - unless you can watch it all day long, which I will not. Maybe a good analogy would be it's like setting a mine or trap that goes off automatically once triggered, you dont' have to be there