AMEX:UGAZ   VELOCITYSHARES 3X LONG NATURAL GAS ETN LINKED TO THE S&P GSCI NATURAL GAS INDEX EXCESS RETURN
UGAZ setting up for a nice swing, good risk/reward play down here.
So nailed this. First time using the PT indicator thing so didn't know it would be so literal. This was not a failure.
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also be cautious for the natgas future roll over that will occur at the end of the month.
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make sure you put tight stop loss.. I would suggest you first find out and use Natgas future chart trend to determine the swing instead UGAZ chart.
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Malc8 ibrahimgazi
@ibrahimgazi, Agreed. But I am always watching the NG futures. Don't let the simple chart fool you. My entries and exits are determined by the 1hr, 4hr and 1d EMAs so a bearish cross could get me out in a day; or I could be in it for weeks if the trend is strong. Most people over analyze technical analysis, I despise it.
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@Malc8, all good then.. when i trade natgas , i also pay close attention BOIL options contract . keep in mind. - good luck!
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Malc8 ibrahimgazi
@ibrahimgazi, Thank you. You as well.
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