Natural Gas short: Fakey
Diupdate
The uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will follow; and as we know panic selling of NGAS is an amazing opportunity to short. I entered short at $3.5 and will hold till STOCH RSI bottoms, where I will try to long as I think NGAS has potential upside.
Catatan
12/5/2016 [9:00 BST] added to my short at resistance to decrease the average cost.Catatan
The bullshit-o-meter is through the roof: added short [4:59 BST] at the bearish hammer on the 1HTrade aktif
This is not the reversal we are looking for.1. 4H STOCH RSI not topped
2. 15M lower BB not widening
=we will bounce back more likely and then reverse finally
Catatan
Added at $3.682Catatan
didn't see the reverse hammer I wanted and close below yesterday's low... Another day tomorrow--another try.Catatan
There we go, reverse hammer on the daily and all indicators reversingTrade aktif
Took some profits from my Friday entriesTrading ditutup secara manual
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.