Gas Long Setup (refer to the setup marked with "2")
🔵 Entry: $2.704
🟢 TP & RR: $2.898 (3.4)
⛔ Stop Loss: $2.647
Trade Reasons:
✔️ Support level
✔️ Close to the 0.618 Fib retracement
✔️ Diagonal trend line within ascending channel
📝 A few things to note here:
1. Seeing how price action develops, you may close the trade setup suggested yesterday (marked as 1)....
Gas Long Setup
🔵 Entry: $2.81
🟢 TP & RR: $3.04 (1.71)
⛔ Stop Loss: $2.67
Trade Reasons:
✔️ Reaching lower trend line
✔️ Reaching support level
✔️ Market Flow indicator printing small divergences in the oversold area
📝 Not a great RRR, but the SL is positioned at a very safe level below the diagonal trendline and the recent lowest low. If price bounces off that...
Gas Fib Retracement - Long Order
Entry: $2.407
TP & RR: $2.549 (3.38)
Stop Loss: $2.365
REASONS FOR THE TRADE
So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth...
Gas Climbing Up - Long Position
Entry: $2.715
TP & RR: $2.877 (3)
Stop Loss: $2.661
REASONS FOR THE TRADE
So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us,...
GAS Testing Support Level - Long Position
Entry: $2.566
TP & RR: $2.673 (2.49)
Stop Loss: $2.523
REASONS FOR THE TRADE
This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I...
📍 Natural Gas
The proud floor - such is the name sometimes given to support - is a useful weapon in the hand of buyers. And yet for a time, I toyed with the idea - a seasonality one, I must admit. We cannot simply dismiss the deep examination; namely the elements and the strategies involved in trapping our opponent. For example, the fake breakdown and slingshot...
Natural Gas - Weekly
Bottom Line : "Big-picture" Bullish.
Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price...
If you followed my calls for NG im sure you have triple your investment now. As an update I believe NG will go into consolidation (bull flag) for the next take off above 3$.
The market has been on the lows for a long time and could never break the weekly support.
After a break on the daily discending channel price has moved in a higher low higher high pattern and now testing the resistance structure.
If the daily candle will manage to break and close above the structure we can set a nice long order according with our strategy.
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