NGAS:Sell at 0.618RET and 1.618EXT Short

Natural Gas (Henry Hub)FXCM

Description

⋅ Nov 24, 2016 12:34 PM

The 0.618RET of previous decline is at 3.04 and the 1.618EXT of previous rise is at 3.07 level.
Meanwhile the prevous structure also works at this zone.
So it is good to sell short at 3.04-3.10 levels when price action gives the bearish signals in the PRZ.
SL:above 3.15
TP1:2.80
TP2:2.68 and further more

Trade active

⋅ Nov 25, 2016 1:09 PM

Trade closed: stop reached

⋅ Nov 28, 2016 9:17 AM

Comments

Justinceo

⋅ Nov 28, 2016 9:27 AM

This is the second time your trade SL in NGAS HA

AdamHong

⋅ Nov 28, 2016 9:32 AM

@Justinceo, Yes,but it doesn't matter.The trade may fail several times in a short time,but belief must remain,just wait for another chance.

Justinceo

⋅ Nov 29, 2016 6:04 AM

@AdamHong, 3.34 at the moment, do you think it is a good chance?

AdamHong

⋅ Nov 29, 2016 6:11 AM

@Justinceo, No,I will wait for the bearish signals