Natural
NATURAL GAS XNGUSD Trend ContinuationTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones.
UNGUSD
Technical Outlook
To open SHORT positions for XNGUSD , it is required:
In this situation we are now waiting for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend begins to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is still ranging but we will monitor the activity of our negative readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 140 pips will be up for grab with small risk SL at swing high. The 2 previous signal on this pair was 231 pips since NOV 15/2017 to current date. We have seen quite a bear run this pair in november and we are now looking to capture for the bears to another wave to the downside to continue this trend.
Profit expectations: 7 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 3.10
Swing Low: 2.96
NAtGas - Buying before 9/11We had our convincing bounce from the lower trendline near to the 400 SMA.
I was close to call the bottom a few days ago. But it's still not ready yet.
The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA.
We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate low is almost always strong, price should not hesitate to break the trendline or the 200 SMA.
After Friday's close it seems we are attacking the lower trendline again.
The plan is the same as it was in the previous idea. The difference is the time frame: we need to buy before 9.11.
The cycle cannot stretch longer than that date.
The plan is to Buy between 2.73 and 2.5$.
I still would like to see the RSI and SlowStoch become oversold extremely . And we still mustn't break below 2.387$ ( the previous ICL).
I modified a little bit the lower trendline : the last drop was just a false breakdown.
nothing is impossible“People say nothing is impossible, but I do nothing every day.”
― A.A. Milne, Winnie-the-Pooh.
Good morning Traders. the sky fell off, but not out of nothing. we saw great bear diversion building. take a look here in 4h chart.
see the colored lines ? as off Now :
we can see daxi hitting the 0.618% fib level, and hitting historical resistance point.
naturally we might see some more selling as market open, but the rest of the day, especially when us market open, i will expect bulls to fight back.
SO keep an eye on the market and the building divergence.
It's ok to do NOTHING, as Winnie advice.
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UGAZ About To Explode To The Upside
Fibonacci spirals on TradingView are not static unfortunately which is why I don't publish more often. Have to post an image to ensure proper spiral placement.
Natural Gas LONG: NGAS $3.2I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or lower than forecasted, which in both scenarios NGAS should rally. Usually December is not a good month for NGAS, and that's why I hesitate to leverage this trade. I entered trade at $2.75 (didn't post here because of internet issues) and have a T.P $3.285 where I as per usual take 80% partial.
NGAS : Short this to 2.4, Where thy winter ?WXY pullback
Can be expected to touch the top. Start shorting from the red region.
I dont care about winter/weather or this or that.
I trade wave counts and patterns.
if you have fundamental issues pls dont take this trade,
and rest of you who do short, enjoy the ride with me.
I will be posting update on lower tf.
Enjoy Trading !