tntsunrise
Short

NGAS SHORT THE PULL BACK

FX:NGAS   Natural Gas (Henry Hub)
5708 34 165
NGAS SHORT AT 2.8910

Channel Broken
Retest 0.618

SL above 2.95

Aim 2.80 and lower
Comment:
snapshot

right after we enter the market, it falls....
Comment: First Target Hit!
Comment:
snapshot

Now is 2.75
Nice Profit
Comment:
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Same action around the 2.94 resistance (most previous high). Well past 1/2 way in the daily cycle... Looking for thoughts or critiques around a shorting point.... anyone?
Reply
Jack, The price action today on 15m, 1hr through 4 hr charts around the 2.90 resistance (previous structure) looks to me like another short opportunity. (Late in the daily and intermediate cycle as well?) Do you agree? Thanks!
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we can short again, I am in favour of declining as we see bunches of wicks.
snapshot
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tnt, we can short again????
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Awesome work Jack. Can we short again at 2.80?
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good trade.
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On the money Jack
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Are you only looking for a pull back to the 61,8% on the previous move? Or are there more rules to follow? It was a really nice trade.. Thanks for sharing! :)
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What a piti, that Mr TNT not answer on posts.....
Indicators still have a lot to the upside.
Yesterday's data pushed down Natural Gas to the trendline but price was not able to break below the trendline.
We still testing back the trendline and sitting on the 10 EMA .
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MR TNT, Do you really think that the correction on the Ngas will be so deep ?
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