NGAS - Head & Shoulders Breakout Short

Natural Gas (Henry Hub)FXCM

Description

⋅ Sep 4, 2016 7:34 PM

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

⋅ Sep 7, 2016 1:21 PM

Good enough.

Comments

bertcoin

⋅ Sep 8, 2016 3:11 PM

Amazingly accurate @Bandarsq. Nice work!

Bandarsq

⋅ Sep 8, 2016 10:07 PM

Thank you. Cheers.

nahidik

⋅ Sep 7, 2016 4:55 PM

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.

Bandarsq

⋅ Sep 8, 2016 3:27 AM

You are asking the wrong person. I don't use SL.

AlphaDreams

⋅ Sep 7, 2016 4:02 PM

Nice!

Bandarsq

⋅ Sep 7, 2016 4:35 PM

Cheers!

Parabolica

⋅ Sep 7, 2016 1:27 PM

Thanks! This is appreciated. Have you considered a reverse trade w/target around 50% of last leg?

Bandarsq

⋅ Sep 7, 2016 4:35 PM

I'm not sure yet. A clear reversal is required.

benzhaidang

⋅ Sep 7, 2016 1:24 PM

where i can trade this one. my broker doesnot have it

bertcoin

⋅ Sep 7, 2016 1:33 PM

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.