Natural Gas - Long, Late Entry or not
Updated
Looking at natural gas long. Placed limit orders on Sunday before market open.
Not filled so far, tempting to move limit order up.
Not filled so far, tempting to move limit order up.
Note
DailyPotentially missed initial VBO, but still in range.
BL - Turning up, hoping to hold
C1 - 4.08 to hold
C2 - Squeeze Mom still holding
VOL - Slowing but still above baseline
EX - sharp drop, still green
SQN - Bull Neutral
Weekly
BL - Bearish, but 1st target under Baseline retest
C1 - 4.57 could be resistance
C2 - Squeeze Mom still bearish
VOL - Slowing potentially moving to bullish
EX - Bearish, but turning up
SQN - Bull Quiet
Note
Considering a move to limit order up to 4.30-4.34 range.4 Hour looking bullish, but upside resistance quite strong.
Trade active
So been in this trade since 2022-01-17 17:42:30, entered as a Manual Order.I had 2 targets and 2 Stop Losses.
TP1 : 4.682 (48bps)
TP2: 4.949 (84 bps)
SL1 : 4.072 (Hit) - Loss 37bps
SL2 : 3.88 -- Max loss 64bps
101 / 132 = 1.3R only
Trade closed: stop reached
Stopped out of other leg of trade.Total Loss: 101bps
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