Another Bounce Before Spring?
Updated
During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss.
Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning.
Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because they didn't hedge anything for their short position on Natrual Gas.
I really respect the bulls for that attack. They taught me an important lesson in my life.
OK, back to the Topic. Natural Gas slipped deeply after it failed to chase new high. And it has touched its strong support. I think it may bounce back in the next few week.
If the Natural Gas break the support, we will see what will happen on the uptrend line.
Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning.
Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because they didn't hedge anything for their short position on Natrual Gas.
I really respect the bulls for that attack. They taught me an important lesson in my life.
OK, back to the Topic. Natural Gas slipped deeply after it failed to chase new high. And it has touched its strong support. I think it may bounce back in the next few week.
If the Natural Gas break the support, we will see what will happen on the uptrend line.
Note
Now Natural Gas is moving to the uptrend line. Lets see what will happen at this level. If Natural Gas broke the trend line, we may see another drop.
Note
Huge profit now!!! Get more than $5000 per contract. Take 50% profit and watch. Cheers!Trade closed: target reached
Wow! Sold the rest 50% at 3.690. We got huge profit on this trade and made average $6300 per contract. It's a good start for 2019! Thanks for this beautiful trend line. Now, i will just watch the rest show and short this market to get another easy money when bull is exhausted.
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