This is not a buy the breakout and sell the breakdown type of vehicle.
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You have to buy when it's panic and everyone else is selling. Like yesterday... ANd sell when everyone wants it like at the breakouts.
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We will have a capitulation in UGAZ today. Try not to lose the position at the opening gap.
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Today we will have our reversal volume
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3-400% profit will not be for free. We are not in the 1920s.
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We have a capitulation volume in UGAZ today.
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Not less than two hours and already all time record volume.
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tradebyday
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Any ideas on your thoughts for long on this. I've been taking hits for a few weeks now. Just trying to determine how much more loss I'll take before seeing a reversal.
leonarddavidson60
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NG can not go to zero..with incredible volume 36+ million shares in one trading session ..it was massive HFT algorithmic selling by big boys which forced many small traders to capitulate..and guess who started buying so massively in last 1.5 hours ??? Who were the guys who bought nearly 9 million shares??
Surely not the small traders like us..we may see some choppy trading and some weakness in coming weeks..but it looks like we were already double bottoming..and next move can only be up...im gonna switch my computers screens until thursday...Happy trading and lots of patience to all long traders!!
QuantitativeExhaustion
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@leonarddavidson60, natural gas has had 0 recover since US equity markets closed.
Q: Are we looking for multi day volume-capitulation?
leonarddavidson60
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@QuantitativeExhaustion, well..it is very unlikeky if do see any valid price movement or some sort of valid confirmation before the end of the week..if any..the shock was too great for traders including hedge fund managers " to recover" that quickly..we would probably see flat, tight ,horiziontal channel trading until the Thursday report..we may see some "spikes" before the release..but,honestly, im not worried despite my position is in red..i started buying, if you read my previous comments to Arpi's ideas, at 22.60...then i added at 20.60..then i sold at 21.40 at small profit and bought massively again ..average price app..19.50 at the moment....im practically in full position but i will add when the price would cross 3 doll..
NG is a very scary beast and causes sometimes to panic even pro-traders ...that is why big boys applying their HFT manipulating algobots love this commodity ...and they smashed quite easily all the SL causing cascading multilevel sell off...but volume was app.4.5 times larger than normal!! which is very bullish..and not everyone was selling ...there was a lot of buying in last hour..probably,by the same people who caused the sell off in the morning....
@ArtFly, I should have put on a hedge. Thought about it on Friday. Man, not sure how much more I can take. I keep thinking "Its got to go up tomorrow!"