nnavarrete

NGAS - Up or Down??

FX:NGAS   Natural Gas (Henry Hub)
I am bear short term, bull long term... I opened shorts too early, it looks like it may hit 3.00+ before another correction. I was hoping to be able to open a long term Long at, or below 2.50 but based on my chart.. the current bull isn't done yet.
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bounced at resistance... hope it starts dropping
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TP for my shorts are

TP1 2.64 .. will close 45% of my position here and start a small hedge long
TP2 2.50 will close the remaining of my short position and add to start scalping my long term longs...
Comment: Update

TP1 2.69 Will close 30% of my position start small hedge
TP2 2.64 Will close another 35% of my initial position and add medium size lot to
TP3 2.50 will close the remaining position and start scalping for long term longs.

Will post TP of my longs in once I have more information from the market... but it will be definitely above 3.10!! and that just mid term!!.. planing to hold over a year.... we all have different trading styles, feel free to comment.

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Broke 2.69 for a couple of minutes... lets see if it brakes it again.. next target for m y shorts 2.65
Comment: Closed shorts with profits, opened long position

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GBPUSD follows NGAS....
GBPUSD is forming a rounded top
I believe we are safe to keep NGAS shorts open duiring the weekend.

http://en.tradimo.com/learn/technical-analysis/chart-patterns/rounded-top-and-bottom-trend-reversal-patterns/
Comment: NOT SAFE*
Closing my DGAZ at market close.
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double checked my charts.. looking at daily...

Keeping my ngas shorts
Comment: Closed short at 2.64
open long position.

no more NGAS shorts for me.. starting to build a Long term NGAS position
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Trade working well so far

Bought 2000 UGAZ at bottom
Loaded 500 UGAZ yesterday
added last batch 500 UGAZ today before report came up.

Average high entry 30 - 31...
Comment: Following my green line, so far... but red if market decides to correct appropriately.
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Went long esterday before market close at 2.74.. woke up late today
I missed the oportunit to sell at 2.79, my TP was 2.80 and did not get filled....
Closed longs at 2.76
Opened short position couple of minutes before the big drop at 2.755
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USDGBP = NGAS
Reply
nnavarrete nnavarrete
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Bounced right at my green light.

again, no more shorts.... Im buying every dip - building long term position of UGAZ and GASL
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