chartwatchers

NatGas - Almost there

OANDA:NATGASUSD   Natural Gas
3807 56 47
4 months ago
We are almost there. 0.13$ from the 200 SMA .
NatGas is acting like a good textbook. Volume started to decrease today as we are on the 2nd day of panic selling.
I'm looking forward to see more volume decrease tomorrow and the day after tomorrow also.
We can have our bottom next week Monday or Tuesday. I'm going to enter with longs somewhere next week.

I've uploaded the Fibonacci retracement on this NatGas intermediate cycle. The 50% Fibonacci retracement is at 2.450 $. The 200 SMA is at 2.4$. So I think we are going to be all right by entering around 2.4 $ with the longs.
If something happens to NatGAs it still can drop to the 61.8 FIBO level but we can easily survive that drawdown and we can add to our longs.
Most probably I will close my shorts tomorrow or on Friday when we are getting close to the 200 SMA .

So this post is a neutral post : who is short with me get ready to close it soon , but I don't recommend to enter here with shorts. We are getting too late...

If we close this trade at the 200 SMA we are going to be near 30% profit on this trade. Who played DGAZ             will be in 100% profit...
4 months ago
Comment: If we close in the green I will close the short position today.
Waiting with entering longs though.
If I close I will update here.
4 months ago
Comment: I haven't closed it yet. I will set a stop for the whole position above yesterday's high.
4 months ago
Comment:
snapshot
4 months ago
Comment: Sorry today's high...
4 months ago
Comment: Stop loss hit
snapshot
4 months ago
Trade closed: stop reached
4 months ago
Comment: Looking for a long entry
archer08
4 months ago
Thank u Master for update. Can we enter to long NGAS now?
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archer08 archer08
4 months ago
Wow, I missed top part text. Take back my question!
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VirtualFax archer08
4 months ago
I think the post clearly specifies that the optimum point to go long is expected early next week. But you can absolutely go long any time you feel like it.
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archer08 VirtualFax
4 months ago
Yeah, thanks a lot. I read too fast to miss some important info!
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bertcoin PRO
4 months ago
Excellent run since 10/7/16 in DGAZ!! Looking forward to the upside in a few days.
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traderzaius
4 months ago
I took profit today. I think there is more money to be made in the gold trade.... better to free up more margin.
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bhowe
4 months ago
Thanks Arpi
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Trendrunner78 PRO
4 months ago
Excellent call Arpi! Might be more to come for DGAZ but this 100% run in last couple weeks was a true gift! Keep up the great work:)
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chartwatchers PRO Trendrunner78
4 months ago
UGAZ will be even better soon.
I'm waiting for 200%
Winter is coming!
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jolu chartwatchers
4 months ago
when do you think we should buy UGAZ ?
I regret i wasn't on this ride on DGAZ ..I was invested in JNUG ..
I may sell JNUG and buy UGAZ(in couple of week 200% should be nice(: .. ) what do you think when will it be the moment to buy approximately ?

Thank you for all!!
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MartinX jolu
4 months ago
I am also in JNUG, I will probably wait few more days till the elections and then will try to switch to UGAZ ...we'll see if that strategy works
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TraderMikeCan PRO chartwatchers
4 months ago
Thanks, this was an excellent trade. I am now waiting for your call to go long and buy UGAZ. Well done.
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XTAL.ball chartwatchers
4 months ago
This DGAZ trade was incredible. I have a very itchy trigger finger and am now flipping all my DGAZ over to UGAZ @ $25.
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dotumza
4 months ago
Hi Arpi. Any thoughts if we have the bounce back that is being said on the in your post?
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mulleman.kurt PRO
4 months ago
Closed my position today. Nice profit from the top to the bottom!
Lets hope Ugaz does the same?
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Staxs
4 months ago
Cashed out 50% a little earlier in the week and closed the rest at the open today. 72% profit... Not buying UGAZ until I see a clear sign NGAS is turning.... Thanks for the guidance Arpi
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bertcoin PRO
4 months ago
Curious: Any particular reason you are using NATGASUSD now as opposed to NGAS (Henry Hub)?
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chartwatchers PRO bertcoin
4 months ago
It has disappeared from my list...
If I write NGAS the Henry hub NatGAs is not coming up.
But anyway this chart is better. No big green candle on the contract roll over day
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bertcoin PRO chartwatchers
4 months ago
When a symbol disappears from the drop down, you can still get to it. Type NGAS in the search field and hit just Enter, ignoring the empty or incomplete drop down box. Anyway, if you like this one better, I'll start using it too.
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bertcoin PRO chartwatchers
4 months ago
Might also be because it is from the FX data feed. If you don't subscribe to that (even a demo subscription), you may not get to it.
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bertcoin PRO chartwatchers
4 months ago
For everyone's benefit wonder why the change, may be related to: https://blog.tradingview.com/en/changes-to-fxcm-cfd-data-8211-starting-monday-august-15-will-be-available-only-to-fxcm-account-holders-2077/

Correcting myself - I think I still get NGAS (Henry Hub) because I have a demo FXCM subscription....
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cjprange chartwatchers
4 months ago
Type fx:ngas in the search and then enter even if it doesn't appear on the search box, the Henry hub one just shows up. I don't get it either
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smitaj9 PRO
4 months ago
Closed out my position up 73%. Thanks apri feels like I robbed the cookie jar and got away with it.
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chartwatchers PRO smitaj9
4 months ago
LOL
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DS77
4 months ago
I closed DGAZ today @ 7.75 from 4.05.

More down wouldn't surprise me, but I'm happy with the profits and the leveraged ETFs are a tricky game.
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DS77
4 months ago
Nice example of when and where to set a stop. The trade has been on a nice run and sellers look like they are drying up. Using today's high as your stop is smart. Congrats on the trade
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andras1229
4 months ago
szia,nagyobb képrol mit gondolsz?jön új high?
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chartwatchers PRO andras1229
4 months ago
Mindenképpen. Ha egyszer az IC befejezdik - valószínleg a jöv hét elejére - akkor elindul az új ciklus ahol 4$ fölé fogunnk törni.
Csak a NatGas-ban lesz 100% profit . UGAZBAN akár 300% is , de 200% majdnem biztosan.
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bracken
4 months ago
At the crossroad? NG2! futures shown in the chart. As long as it's above 2.900 on a daily close basis I'm still bullish
snapshot
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huntingsniper
4 months ago
If you use NGAS for the chart, you will have a longer way to go to reach the 200ma. I am not sure which one to use. Can you clarify? Thanks.
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Hks6996
4 months ago
Thank you Arpi :) I closed my DGAZ at $7.82 today for close to an 80% profit... you are a rock star... because of you and my gains I have been able to offset my biotech paper losses... hopefully biotech comes back soon...
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chartwatchers PRO Hks6996
4 months ago
Might have been starting today...
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MartinX chartwatchers
4 months ago
Arpi, since 200 SMA has been touched, it would be perhaps good to go long. Should we worry about today's huge fall in your view?
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Trendrunner78 PRO
4 months ago
@chartwatchers Hi Arpi, Are you still holding DGAZ? I feel DGAZ should hit 8.20-8.40 before the reversal. What is your advice on holding DGAZ through weekend? Thanks!
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Cheetsbaby84
4 months ago
Hi Apri, can you update us where we are at here for the weekend please and thank you :)
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PhamPhan Cheetsbaby84
4 months ago
Thank you./.
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jolu
4 months ago
UGAZ up today! (:

waiting for your update Arpi for entering long..
Thank you
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jolu
4 months ago
are we going to tag the 200EMA before entering long ?

What is happening with UGaz ? yesterday we had a huge rally today a monster fall!!
any explanation ,i am confused..
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MrRick
4 months ago
Whilst I wait to go long, I've saved 18%. I think I'll take my lady out for a bite.
+1 Reply
MrRick MrRick
4 months ago
After I vote
+1 Reply
jolu MrRick
4 months ago
I do not know how you can open a position on UGAZ now as you see this contradiction and nonsense behavior . I had love to know what happened yesterday and today that caused this trouble . I am thankful i adidnt went long yesterday ! It would have been a lose of 20% .. It is frightening even though we are getting very very vlose to the 50% fibonacci retacment which could act as support , but with this who can guarantee ..
What is your opinion Arpi ?

I admire you not falling yesterday unto the bull trap in opening a long trade !
+1 Reply
MrRick jolu
4 months ago
It's probably best to stay sidelined for a few days.
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bduncan57
4 months ago
Sitting on the 200SMA. Time to long?
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faithao PRO bduncan57
4 months ago
Staying on the sideline and let the market calm down a bit after the election, especially with a trump win(will drag market down)
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chartwatchers PRO faithao
4 months ago
I dont think that will affect NatGas.
It has a nice panic selling. I will be buying tomorrow.
+2 Reply
jualex chartwatchers
4 months ago
It's weird it dropped do much though. Will keep an eye on it though. Hey Arpi...is there a less risky asset other than UGAZ?
THANKS!
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santoshporwal chartwatchers
4 months ago
@chartwatchers, Are you buying Today ?
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watsonzou26 chartwatchers
4 months ago
@chartwatchers, I think so too.
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jolu chartwatchers
4 months ago
@chartwatchers, waiting to enter long with u arpi, let us know what are your plans please!
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jolu jolu
4 months ago
@jolu, * long on UGAZ...
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nexuz
4 months ago
went long in ugaz @20,30 and 2,62 dezember contract. unfortunatly my broker doesnt support oanda natgas so i only got about 17 days before they are closing that long. moving on to januar contract then. target for ugaz will be around 60-65 (EMA 200)

only thing that worries me a bit is that macd didnt crossover yet

snapshot


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faithao PRO nexuz
4 months ago
@nexuz, I see a closing above the EMA4 is key.
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nexuz nexuz
4 months ago
closed down ugaz (small profit) and market position (breakeven) - seems like we are building up a h&s on H1. guess we are going for one more leg down before the party starts. lets see
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jolu
4 months ago
Hi arpi

are you buying today?

On the 4h and 1h charts ,macd is suggesting more downside coming and other indicators are not very positive ..
it seems we can't fly off the fibo 50..
thanks a lot
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jolu
4 months ago
hi arpi ,
what are we doing with UGAZ ?
is it tome to go long?
+1 Reply
Cheetsbaby84
4 months ago
Any update here?
Reply
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