NGAS
NGAS - PREPARING FOR A MONSTER MOVE? - POTENTIAL INVERSE H&SI already posted the Weekly view of this asset on the 22nd of December (see related ideas section) and it went up to +16.50% eversince. Even though now it looks like it's coming down strongly I'm still confident that the upside potential remains (the power of structure). Will be looking for an entry at the $2.75 mark.
My personal details:
Long @ Entry: 2.75, SL: 2.70, TP: 3.40
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
NG1! NGH2018 Natural Gas BearLooking back over previous few years price action we can see a sharp trend this time of year for natural gas futures.
The technical measurement Williams%R shows a strong Bear trend is either in play or is pointing to a very strong reversal.
The prior 2 days of movement NG printed a nice spike upwards followed by a strong retracement hitting new lows.
This most recent retracement down was either a move to shake out long retailers or we are beginning to see new lows for NG.
Keep bets small.
Fibonacci retracement price level provided from most recent move.
Ngas with first sign of bulls after two weeks Its been a bearish season for ngas but seems like bulls want to return to the party as winter is coming
I will be looking for the wave mentioned ih the chart
All comments are welcome :)
Best of luck
Natural Gas "UGAZ DGAZ"SO we did fill the gap. I am thinking that we will touch that red line which corresponds to a couple bottoms last year. The question is whether or not we finally start the winter rally or simply set up to fill that last gap. Today a subscription that I get, had an update for XLR (the general energy ETF). Their chart showed the general energy fund dropping until January 18th. Before this came today, I was toying around with the cycle analysis tool and was trying to find a pattern in the cycles (if there were any). Not really an easy task with NG. BUT...I did have that tentative cycle showing a bottom on....coincidently....January 18th. That made me go HMMMM. Is NG going to have a very late winter rally. I think I will hold off on this trade and just watch the price action. If I am correct....THIS TIME....then NG could drop way down there and have a short by rapid winter rally. Perhaps that has something to do with the 10 to 1 reverse split for UGAZ coming up on the 20th.
above is a longer term view of NG with my cycle analysis. It looks pretty fitting.
Short Term NGAS view... Another Bear WaveAnother Bear wave should occur through tomorrow. This will setup perfectly for a great long opportunity. The green lines are all minor support levels. This is a short term graph on the hourly. Long term Bull view after this bear wave. Good Luck!
NGAS Wait and then LongHere is the updated chart and plan. We got a bearish report which will make it decrease as trend suggest and then once public panics and they exit their longs, smart money will enter.
NGAS LONG Ngas is currently sitting on its long term trend line in this triangle for the past year. It is looking bullish as the cold weather is coming in. The green lines are minor resistance levels. We should see some big bull days ahead.
Long For a TryThe price has reached X point of this pattern, as well as the down side of its tunnel.
Since there is a long pin bar in 1 hour, you may try to long it.
SL could be below the one hour pin.
Thanks,
Trade Carefully.
Amazing week on ngasThere was a great action on ngas this week
I think we are in the hands on bulls again but after some consolidation
I made a time and price fib and its really interesting to see the future price action
I hope you like it :)
All feedback is welcome :)
Best of luck
work plans for the jan futuresgap down fill to 2.96 by monday,falling from this price will be horrible.
then afterwards filling the gap at 3.22
Natural Gas UGAZ DGAZ. Moon shot for UGAZ coming soon!!I am not sure if we can fill both gaps on Ugaz but it is possible. I am pretty sure that we will fill the first one. Once we get to the bottom of that first gap, I am planning on looking at NG futures to see if it also filled its gap. If not then I might wait until the bottom gap is filled. After that UGAZ would be a huge buy from my wintery perspective.
NGAS in consolidationIt's seems that NGAS is completing a complex B wave, the sell is not really a good option but the buy setup looks compelling.
NGAS: Uptrend spotted, good retracement to go long hereI'm long $NGAS from here, risking a drop under 2.9, I think we have good odds of having a significant rally off this zone, with low risk.
Best of luck if taking this trade.
Cheers,
Ivan Labrie.
Possible scenario for NgasNgas broke an important support today
Possible scenario on the chart
Best of luck
NGAS - D/W - LONGDear traders,
Here is a new LONG signal on NGAS :
Entry : 3048
SL : 2847
Lots of TP's, see the daily chart for all of them.
TP1 : 3151 is the most important if we break it, than we can be more confident in the follow-up.
Reasons for this long : If you follow me since months, you already know I have a strong relationship with NGAS. Not that it brings me more money than other commodities, but this is a very capricious asset, and I love capricious items. Whatever, today may be the day where we finally leave our long consolidation as indicated in the blue box on weekly TF. This could be a false breakout, but as I see a very bullish concentration, it's more a question of when than will.
Trade with your own diligence,
GL HF
Ugaz (natural gas) "short medium and long term"I never post a chart for this stuff but it is in such an incredible buying opportunity location right now that I just had to. There are so many huge gaps above and this is looking like such an easy wave count AND there has been two days of record volume in this last week alone that I cant ignore this. I really think this is at near absolute bottom. If it did not bottom on Friday then I think maybe in the next two days it could reach $8.80 range and then fly. 100% no problem.
On a side note....Oil is doing exactly what I thought it would do....give one more push up. ($54 - $55 range) I think that oil will have another couple days up as well before it starts a drop that could last a few months. GL
