SO here we are end of week and NG has cooled off from those crazy highs, but should we sell? This is the million dollar question. From the Larry Williams indicator, I was telling you all that I am waiting for the Daily chart to show me a solid Sell signal and I will Sell away. Well, my feet were a little scared today with all the news saying price could remain...
Woke up this morning to a picture perfect setup - price action had soared above the Linear Regression Indicator at 6:30am in a 64 point move - pretty huge. That leads to a pullback (usually) so I put a Sell order in at 5.360 with my usual 20 point TP 5.340. Between 7 and 7:30am my order was executed and profit taken so another good morning. Lots of news about...
Some decline finally in price action on NG this morning. There was some sideways action after the first drop at 5:30am so I put a Sell order in at 5.336, which was the low of the few sideways candles with my usual 20 point Take Profit, 5.316. This was hit pretty quickly during the 7am candle so all good. Today will be volatile with the CPI report at 8:30am and...
Again, too bad I'm not awake at 3 or 4 in the morning. lol Anyway, when I woke up today price action was levelling off between 5 and 7am so I put a Sell order in at 5.426 which was the opening price candle 7:15am. I took my usual TP of 20 points, 5.406 which was hit before 8am. I can't believe how high NG is going - stay tuned to price action - remember, they...
Price action came down this morning after a long sideways action all night. I put a buy order in at 5.028 which was the high of the 7:45am candle, with my usual TP of 20 points, 5.048. My order was executed and TP hit all within 15 min during the 8am candle. Good morning - we shall see what next week brings - will price action continue to soar?? Or will we get...
Great setup this morning as price action was pretty much sideways all night and into this morning. Price action touched the top of the Linear Regression during the 7am hour so I put in a Sell order in at 4.942, which was the 7:15am candle low, and took my usual 20 point TP at 4.922. My order and TP was executed and hit all in the one 15 min candle :-) Stay safe all.
I was driving this morning when I don't know what happened to price action for Natural Gas as it shot straight up! Needless to say I missed making my quick 20 points today. Guess we are going to have a new high to work off of. How high can price go? I'm not sure, maybe as high as 5 even. I did have my Sell order ready at 4.575 but I guess after today I might...
Woke up this morning to some serious downdraft in price action - markets all over the world are down this morning starting at about 3am. I immediately put a Sell order in at 4.620 with my usual TP of 20 points, 4.600 which was hit within 30 minutes. As I'm writing this price action is still declining below 4.600 - this is a point of interest for me with my new...
Woke up a little later with the holiday here in Toronto. Anyway, was still able to catch a Sell order at 4.732 with my usual 20 point Take Profit, 4.712. It started at 7:45am with a big 20 point price movement down. My order was executed at 8am and my TP was hit by 8:30am. Could this FINALLY be the start of the big fall? I'm not sure. I read a book by Larry...
Crazy morning with price action jumping all over the place so I stayed out of the trade for a while. The 7am candle was heading down to the bottom of the Linear Regression so I put a buy order in at 4.639 which was the opening price of that candle. It got executed with the next candle and my TP was hit with the 7:45am candle. Looking at price action right now,...
Nice setup this morning with price action hitting the top of the Linear Regression indicator. The 7:15 candle looked like the reversal candle so I put a Sell order in at 4.639 in case that was true. I chose that level as that was the low of the 7am candle. I chose my usual TP of 20 points which set at 4.619. My order was executed AND my TP was hit all in less...
Woke up this morning to pretty much a perfect setup. The 6am candle price action was coming down to the bottom of the Linear Regression so I put a buy order in at 4.455 - which was the top of the 5:45am candle - with a Take Profit of 20 points, 4.475. That was hit before 7am - good morning. Still waiting for the Big Drop. We shall see. Stay safe everyone :-)
Woke up this morning to mostly sideways action. The 5:30, 6, and 6:15 candle all topped out at 4.316 so I was using that as a short term resistance level. I put a Sell order in at 4.292 - this is the low of the 5:30am candle - with my usual 20 point TP, 4.272. Price action went down at 6:30 and my TP was hit during the 7am candle - nice morning. We shall see...
Woke up to a big down candle at 6:30am - a 32 point candle in only 15 min, pretty strong price action. I put my sell order in at the psychological 4.400 level with my usual TP of 20 points, 4.380. My order was executed and my TP was executed all in the 15min 6:45am candle and so far it's still heading down....we will have to see if price action will reverse...
Looks like I was totally wrong with my yesterdays analysis. I didn't know there was a hurricane brewing, so my trade got stopped out with a loss. Price action stayed in a very sideways pattern overnight and there was basically no movement this morning so I was waiting for something to happen. Finally the 8am candle brought some life and price action shot up so...
Price action went straight up after the IEA report spoke about a possible hurricane hitting the Gulf this weekend. This of course pushed the price right outside the Linear Regression indicator. The 11:15 candle high is 4.123 so as long as future candles don't get that high, then this is a good indicator that price action may not(MAY NOT) get higher this session....
Woke up to see price action starting to accelerate upwards starting at 5:45am (I was still sleeping then), I saw the pullback on the 6am candle so I put a buy order in at 3.920 with my usual TP of 20 points, 3.940 which was easily hit less than 30 minutes later. As you can see, I am sometimes leaving money on the table so for all you risk takers, you can always...
Looks like my yesterday post had the wrong day - lol - sorry about that. Anyway, today was a perfect setup - we had TWO candles test the lower outside of the Linear Regression indicator so I put a buy order in at 3.870 with my usual 20 point TP, 3.890. Either the 7:30 or 8am candle would have been great to put your buy order in. Then price action went up and...