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Is it suicidal to catch a falling knife?No traders in the right frame of mind enjoy a round of losses. The monetary loss is one thing but the fact that they are proven wrong can be a fatal mistake. That is when emotions run over the head work and attempt to take revenge on the market. Yes, it is painful to take a loss and move on and yet it is even more painful if your losses is exacerbated with continuous falling in prices, like Natural Gas now. Trying to find out the underlying reasons is secondary compared to the immediate action that a trader needs to do. AMPUTATE the part that has been poisoned by the snake or CUT LOSS as traders would commonly say. The price action appears to head further south towards the last level of support from 1.629 to 1.902. This is where it was the lowest in Mar 2016. If it breaks below 1.629, then a new historical low record will be set for Natural Gas. As reiterated before, having a Stop Loss in place takes out the emotions that a human trader possess, wanting to prove himself right, his strategy is robust and refused to give in to the market. The results - more losses which may result in overtrading to compensate the losses or affect his judgement in other trade setups. Why lose a tree for an entire forest? Then again, humans are such interesting beings, stubborn and headstrong, the need to be right, to be perfect is stronger and also suicidal. Avoid such mistakes at all costs and look upon cutting losses as a business operating costs. Take it in good stride and the Market when turn around will give you another chance. Aiming for a 100% no loss trading policy is not the way to winning..... Trade safely, always use a SL , adopt appropriate risk and capital management. GBU
NYMEX:NG1!
by dchua1969
2
Natural Gas Reversing at Major Flip ZoneNatural Gas has been in a downtrend with multiple swings, and we hit a major support/flip zone which you can see on the longer term chart. We began to range on the 4 hour chart, which is a potential sign of a trend exhaustion. We then had a break of the 2.183 short term flip zone, and since then, we are now pulling back to retest resistance now turned support. Awaiting to enter the trade. Two options: 1) Enter now with a better risk vs reward ratio, but a lower probability of success. 2) Or wait for the confirmed first higher low, which requires a higher high ( break and close above 2.234). Risk vs reward may be reduced, but the probability of success is much higher. On the fundamental side, Natural Gas is of course cyclical...during the winter months people tend to heat their homes etc. There still is a large supply of Natural Gas out there, so not expecting any crazy increases in the long run, however, see a nice pattern here with many confluences including a fundamental of a more colder winter.
OANDA:NATGASUSDLong
by Uncharted-FX
Natural Gas (NATGASUSD) How To Buy With Confirmation? hey traders, this is my update for NATGAS. I know that most of you have noticed that the price is approaching a current market low and many of you are waiting for a signal to buy. I suggest you focus on a falling trendline on 4H. Being broken it will trigger a buying reaction of market participants and most likely we will see a nice impulse upwards. While it is trading below the trendline just wait! once it breaks I will buy the market my targets will be 2.30 2.45 stop will be below the last lower low.
OANDA:NATGASUSDLong
by VasilyTrader
5
Natural Gas: Buy opportunity on the 1W Support.Natural Gas has been on a strong sell sequence since the rejection on the 2.700 Resistance. 1D may be bearish still (RSI = 39.610, MACD = -0.081, ADX = 41.622, Highs/Lows = 0.0110) but we are on the 2.100 - 2.035 1W Support Zone. This is the first bullish sign with the second being the flat RSI (bullish divergence) since November 29th. We are expecting Natural Gas to reverse towards the 2.500 and 2.700 Symmetrical Resistance levels. If however the 1W Support breaks, a new selling sequence may be initiated towards 1.600 - 1.440. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:NATGASUSDLong
by InvestingScope
3