NGAS - Up or Down??

Updated

I am bear short term, bull long term... I opened shorts too early, it looks like it may hit 3.00+ before another correction. I was hoping to be able to open a long term Long at, or below 2.50 but based on my chart.. the current bull isn't done yet.

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bounced at resistance... hope it starts dropping

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TP for my shorts are

TP1 2.64 .. will close 45% of my position here and start a small hedge long
TP2 2.50 will close the remaining of my short position and add to start scalping my long term longs...

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Update

TP1 2.69 Will close 30% of my position start small hedge
TP2 2.64 Will close another 35% of my initial position and add medium size lot to
TP3 2.50 will close the remaining position and start scalping for long term longs.

Will post TP of my longs in once I have more information from the market... but it will be definitely above 3.10!! and that just mid term!!.. planing to hold over a year.... we all have different trading styles, feel free to comment.

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Broke 2.69 for a couple of minutes... lets see if it brakes it again.. next target for m y shorts 2.65

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Closed shorts with profits, opened long position

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GBPUSD follows NGAS....
GBPUSD is forming a rounded top
I believe we are safe to keep NGAS shorts open duiring the weekend.

en.tradimo.com/learn/technical-analysis/chart-patterns/rounded-top-and-bottom-trend-reversal-patterns/

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NOT SAFE*
Closing my DGAZ at market close.

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double checked my charts.. looking at daily...

Keeping my ngas shorts

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Closed short at 2.64
open long position.

no more NGAS shorts for me.. starting to build a Long term NGAS position

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Trade working well so far

Bought 2000 UGAZ at bottom
Loaded 500 UGAZ yesterday
added last batch 500 UGAZ today before report came up.

Average high entry 30 - 31...

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Following my green line, so far... but red if market decides to correct appropriately.

nnavarrete

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