Bandarsq
Short

NGAS - Head & Shoulders Breakout

FX:NGAS   Natural Gas (Henry Hub)
As per the chart showing, Natural Gas             broke the H&S neckline and the uptrend.
RSI also broke the uptrend.

So NGAS should be now heading for target 2.670.

Cheers!

Trade closed: target reached: Good enough.
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2.72 is my target for the short. NGAS is bull overall, based on macro economics. I believe this drop will give it strength to cross 3.10+ this time.
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Bandarsq PRO nnavarrete
Thank you for sharing.
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nnavarrete Bandarsq
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Lets see what happens now. I have both longs and shorts so Its ok if we drop to 2.67 - Are you looking forward to 3.10+ after this drop? - I am
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I expect 2.67. :)
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It seems a very wanted target ;-)
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wedge, wedge down
just updated my idea. it is back to the down channel
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nnavarrete swinger
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Based on data from Level 2 quotes, there is a lot of pressure of this ones to hit red dotted line... but Im not quite sure about it yet.

Range will be 2.60 - 2.65 NGAS
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swinger nnavarrete
We are in the decline mode now.
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Thanks for sharing. Cheers!
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where i can trade this one. my broker doesnot have it
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bertcoin PRO benzhaidang
UGAZ and DGAZ are up and down 3x Natural Gas ETN's your broker may have. Similar to UWTI and DWTI for up and down USOIL.
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thankyou sir
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Bearbud bertcoin
Bertcoin, I still have UGAZ do you think it will tank or go back up? Arpi seems unsure.
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I got out last week because I wasn't sure myself. Arpi has a plan in his latest post. I'm waiting for the next cycle low to go long again NGAS. Sent you a long winded PM.
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There's your answer. UGAZ up 12% as of 10am CDT. Stick with Arp's plan!
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Bearbud bertcoin
Yes Sir!!
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Thanks! This is appreciated. Have you considered a reverse trade w/target around 50% of last leg?
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Bandarsq PRO Parabolica
I'm not sure yet. A clear reversal is required.
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Bandarsq PRO AlphaDreams
Cheers!
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Hi Great trade. Can I ask where you would of put your SL on this trade? I am trying to figure out the safest Sl without overkill. Thanks for any help with this.
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You are asking the wrong person. I don't use SL.
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Amazingly accurate @Bandarsq. Nice work!
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Thank you. Cheers.
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