NICE - So I just closed out my Buy Order from 5 and closed it out at 5.7 for a nice 700 point profit!! Now I'll wait till price action rises into the 6's to close out my 5.5 Buy Order. Congrats to all who followed my hunches :-) Enjoy your profits! Stay Safe all. Heiko
My Buy Order at 5 is in decent profits today after yesterdays bullish run. Price action sits around my next Buy Order at 5.5 today. I will continue to monitor price action as there will be ups and down from now till Feb. I will close my Buy Orders at 700-800 point profits along the way to lock in my profits. Stay safe. Heiko
In looking at the chart, you can see how price dropped quite a bit outside the Linear Regression Indicator but price is on it's way back up. Yesterday was the first day in a long time of positive gains, hopefully going to finish the week off in green territory. As previously discussed, I put another Buy Order in at 5, which is now in profit so that's good. Just...
So price action has continued to fall and I'm leveraged a bit now. I put in another Buy order at 5.5 wondering if tomorrow is the day when price action rebounds because of the storage report. Who knows - it's anyones guess. Price might fall down to 5, I dunno. But if it rebounds tomorrow, I'll be in good shape. Price has continued to fall because of warmer...
So price action has dropped like crazy for NG...I still have my Buy order at 7 so I added another Buy order at 6. I think the lowest price will go will be around 5.5. I will put another Buy Order in at 5.5 if it gets that low, otherwise I will ride the price action back up to infinity and beyond! ok....maybe just to 10 or so. Anyway, stay safe everyone - as you...
In looking at the weekly chart, I also added the Linnear Regression Indicator to give me an idea of where price action is...as you can see, it is at the outside so unless price continues to drop, we should expect a price jump. Maybe I was a little early in my prediction, although price action has touched higher than the 7 mark in the last 2 weeks - I am hoping it...
So today was a good day - NG recovered nicely from some serious lows of 6.3. WTF? No idea. Anyway... We will see where NG ends this week but I'm hoping it will close above 7. Price action is almost at the green line of Williams Alligator - once it closes past it, we should be in good shape. I'll keep you updated at the end of this week. Heiko
So price action fell back a bit down to 6.7 and 6.8 so I put a Buy order in at 7. I'm anticipating this to be filled tomorrow. The storage report on Thurs might bring prices back down a bit depending on what the numbers are, but I'm hoping the numbers will spike the price up to 7.3 or so. Hoping to finish the week off at about 7.5 Your thoughts? Heiko
So it's looking good so far for a turnaround. Looks like there will be a Daily Fractal forming a recent bottom. I'm going to continue to watch for the next few days and see if I can get a Buy in at around 7. Heiko
So recession fears are the talk of this week and the markets are tanking. As you all know, people have a short memory - could be next week or the week after, NG will rise again. Be ready for the turnaround and ride it up. That's what I'm going to be looking for. How low will it go? Probably 6.5 for sure, maybe even 6. Next week is a new week so trade smart...
So as you can see from this weekly chart...NG has certainly been in a downdraft - congrats to everyone who sold NG when it was above 9. The question now is, where is price going to go? I will wait for an order until I can see a direction. Still 2 days to go this week and the weekly storage report tomorrow so we shall see if that moves price at all. ...
So I find a decent Support level around 7.5 - question is....will price close below 7.5 on Monday or not? If so, I think price could drop to 7. If not, price could consolidate for a while, then go up or down depending on a million things. I'm not looking for a sell order. I'm waiting for price to bottom out - then I will catch the rise, probably back to an ATH...
Hopefully you all made some decent profits this past week. There looks like there is some support around 7.8ish. I'm thinking though it might get down to 7 as recession rears kick in and the world expects a slowdown. Remember, this is that lull before winter kicks in and NG usuall goes up in winter due to demand. This year?!?!? Who knows how cold it get, or...
So I'm out of the trade as you all know. So now I'm waiting for NG to bottom out b4 it skyrockets back up! Question is,,,how low will it go? There should be some support around 7.6 so that is what I will be waiting for to jump in on a buy order. Let me know your thoughts - how low do YOU think it will go? Heiko
Like I said on Fri, if NG drops I'll keep my order until Sun night to see what happens. Well now that I am seeing what is going on, I'm taking my profit at 8.8 I gotta get some sleep and I don't wanna wake up tomorrow with the price up at 9.3 I'll let you know my thoughts as the week progresses. Heiko
Not sure what's going to happen next week. There seems to be some consolidating around 9 the last few days with today also looking that way. If I get cold feet, before days end today I might close my 9.5 order with about a 500 point profit. If price action breaks 9, I will keep my order to see how NG opens Sun night. Stay safe. HEIKO
In my last post I said price action would go up to 9.5. I didn't think it would hit 10. However, in hitting 10, you know it has to come down - and down it came crashing, all the way to 9.2. Anyone sell at 9.5? Good idea to me - might find support at 9. Heiko
I know I know, I totally screwed the pooch on my last call.....totally incorrect. I lost some money - hopefully you didn't. Onwards and upwards. I was on vacation for 3 weeks in the US for some downtime. Now I'm back. I'm thinking price will go back up a bit, I will wait then for a pullback and go short. Heiko