chartwatchers
Long

NatGas - GasRush

OANDA:NATGASUSD   Natural Gas
3924 31 75
No question the ICL is behind us. I underestimated NatGas' first daily cycle.
We are near to the previous top and the 1st daily cycle just had begun...
We printed the intermediate bottom at the 200 SMA and Fibonacci 50% retracement .

We are going to break to new highs in this first daily cycle. Most probably we are going to test the previous high at 3.33 in the following 2-3 days. That's the first important level where we could stop a little bit and wait for the 10 EMA to catch up the price.

Indicators
Crossed the BB's middle line and riding the upper Bollinger Band
MACD and TSI is bullish
RSI is overbought but can stay overbought for days

I'm still holding my longs because this daily cycle has at least 10 more days to run. I will try to close my longs at this daily cycle top in the following 2 weeks and re-enter at the next DCL in January.
I will not try to short it here as we are at the beginning of the new Intermediate cycle.
LONG UPDATE (this is just an update on a previous idea : we are long already. I don't suggest to enter or add to the position here)
Comment: I'm closing 50% of the NatGas position today.
We reached the previous top.
Comment: This is when a vehicle is not manipulated...
Acting like a textbook.
Comment: Heading down to the 10 EMA. Probably on Tuesday we will turn up again.
snapshot
Comment: I would have liked to see the tag of 10 EMA but didn't happen...
I'm not going to add or reopen the closed 50% here. We are going to peek this daily cycle between 15-25 December.
snapshot
Comment: I'M closing 25% again at 3.59. Going to ride to the cycle high with the 25% of the original position.
Comment: If the key reversal holds by the close ( 1more hour) I will get out of the rest of the position. I want you to see the power of the key reversal after a rally like this.
snapshot
Comment: Closing the rest of the position.
UGAZ reversed on high volume today.
Trade closed manually
Comment: New trade posted.
man you are the best
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Great stuff as usual!
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Here is a bone /P_mBtAkkl5c#
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@Iliketacos, This guy is good. Any other place to follow him than youtube?
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Iliketacos TexasTower85
@TexasTower85, its me, I have my own room.
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You will be fine! This will go deeper than you think.
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Outstanding trade from your side. As a new trader I have jumped in to short too early - 3 days ago and it took alot of my mental energy to ride it all the way up. Hoping to at least break even by tomorrow or the day after. Again thank you for your detailed guidence.
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Are you going to start short here? 
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@watsonzou26, yes. New trade already posted.
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Are you going to try DGAZ now? or wait for a long entry......
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