wafflehouseinthe212
Long

Long based on a impending 1 day MACD reversal

OANDA:NATGASUSD   CFDs on Natural Gas
165 3 7
Long based on a 1 day MACD finishing the bearish cycle and starting the bullish one.
You're correct that the daily MACD looks ready to reverse. However when you look at the time frames from 1 min up to 4 hours, it is showing the bears are taking control, and the bulls are loosing power. The only periods bulls are controlling is the 30 min, 1, and 2 hr charts. it may be a signal to jump into shorting. Another trader pointed out the trend with natty, it hits 61.8 retracement - and a failure to break past points to a short. It's stayed true for for the past 3 major rally and sells.

I am long in NGAS right now, but considering a flip if today can't confirm
Reply
@dfburke, I'm long less than 10 percent of my account right now.The 1 day MACD still is not a sure thing since its not that close to closing yet.It could turn fast so i believe the bottom near to the point it a good time to average in slowly.Wait next week a winter storm will come out of the blue.
+1 Reply
dfburke wafflehouseinthe212
@wafflehouseinthe212, I agree MACD isn't a sure thing. I am honestly a farmers almanac follower, and believe a late winter storm will correct the fundamentals and put us back on track to $4+. there are other fundamental factors that will benefit natty - LNG has higher export volume Y/Y. I believe the new US administration will want to continue the growth.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out