NaturalGas is very interesting now. 2.755 is a breaking point, which I am Waiting the chart to pass. When it does, 2.852 looks like a good position to open a trade! following my unique strategy. NaturalGas is now waiting to making a big move. Long?? Chart is horizontal pattern!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market.
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
Now, I see a opportunity on NaturalGas. The chart is horizontal and the lower horizontal resistance is almost touched.When it breaks it is time to open a long.
How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thanks for your idea..We also believe that NG is about to break out to the upside..but ,in our humble opinion,
the levels of resistance between 2.75-2.85 ,which every algorhythmic MM programmer can see on many published charts here and other sites..can be taken very quickly and violently ..like it happened at expiry of Feb contract...this time is not much diifterent with swap dealers exceeding themselves on a short side..Its quite possible that short covering would push the price of NG to 3.00-3.10 levels so quickly that it would not be practically possible to take a long position..thats why we already on the long side..and added again UGAZ shares on Friday NY session..
Good luck to all long NG traders!!
the levels of resistance between 2.75-2.85 ,which every algorhythmic MM programmer can see on many published charts here and other sites..can be taken very quickly and violently ..like it happened at expiry of Feb contract...this time is not much diifterent with swap dealers exceeding themselves on a short side..Its quite possible that short covering would push the price of NG to 3.00-3.10 levels so quickly that it would not be practically possible to take a long position..thats why we already on the long side..and added again UGAZ shares on Friday NY session..
Good luck to all long NG traders!!