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Bobby's Homework Assignment5.20.23 This is a very good video to look at..... we are looking at natural Gas Which should be fairly easy to trade if you knew how to use the tools that we look at. This is a market you should plot out on your own software... and make sure you understand the thinking around this. Unfortunately, there are a couple minor slips of the tongue which goes along with the territory when I produce Videos, but you should know what they are and how to compensate.
NYMEX_MINI:QG1!
by ScottBogatin
Bobby's Homework Assignment1.24.23 Bobby, listen to this video at least twice. Replicate the chart. Spend some time on the thinking associated with this market.... natural Gas. It's not easy finding this kind of analysis. Your risk Is that you spend a few hours... and then you can decide that the thinking behind it doesn't resonate for you . But listen to it first and replicate the chart. If you were in your college classroom and you were given a test on this which would force you the study this chart, That is all I am asking from you. (Bobby's father told me his grade point average.... which was a heck of a lot better than mine... and I managed to muddle through life doing ok). Natual Gas
NYMEX_MINI:QG1!
by ScottBogatin
Multiple markets11.25.22 Bitcoin Oil ES QG1! : I talked about Bitcoin to compare it the other markets here. I would be taking profits on the es if I were long because I think it will reverse you go lower, but I need to see more evidence of sellers. Natural Gas is a bullish market it may correct lower to the breakout area, but there's a pattern you should look for it may suggest the market will only minimally correct, and they go a lot higher. CL Had a two bar reversal And would be profitable at this point, but it has also retested a gap did I didn't get a chance to talk about and a video
NYMEX:CL1!
by ScottBogatin
QG1!QG1! Natural gas gapped HigherToday. I decided to talk about the advantages and disadvantages of being a buyer and the seller>>> and how the to think about the realistic Stop and Target. If you are already in the trade and you entered at a significantly lower price, you can treat this with more options. For example, I could take an opening price trade to go long system market is trading above it's open, and the gap Higher. If the market closes the opening price later today, I might consider Scaling in one more contract if I was long from a lower price last week and was still holding that contract. If I was watching this market, but I did not have a position, right now it would be very difficult to enter the market right now...Unless I thought the market was very bullish, I was going to move aggressively higher from this point.... and I don't think that's necessarily true at all right now
NYMEX_MINI:QG1!
by ScottBogatin
Natural Gas Futures ( QG1! ), H4 Potential for Bearish MomentumType: Bearish Momentum Resistance: 7.475 Pivot: 6.900 Support: 6.310 Preferred Case: The H4 price is in a slightly descending trend with prices trading below the ichimoku. The price may drop form the pivot at 6.900 to the support at 6.310 where the 78.6% retracement and swing low sits Alternative scenario: If there is a price reversal, it might test the 1st resistance at 7.475, where the 38.2% Fibonacci and 78.6% projection sits Fundamentals: There are no major news.
NYMEX_MINI:QG1!Short
by Genesiv
Natural Gas ES10.3.22 Looking for a long trade in natural gas: Showing the setup. The ES1! Has come to a 1.272 Extension which may be a reversal pattern... and requires some caution. If I were not in this market and I had to make the trade decision, I would be a buyer here with a small stop. If I was already a seller, I wouldn't have a large stop, but I might weather the drawdown that is about to happen. It it's just not an easy decision to make in my opinion... and that is the way it works at times. it could be my inefficiency as a decision maker, or could be mixed messages of the market, it doesn't matter... I tend to focus on avoiding painful drawdowns. If I don't lose money today, I'm around tomorrow or next week take the train when there's more certainly. In my early training there were times when I was too impulsive, and times when I did Revenge Trading.... very bad habits.
CME_MINI:ES1!
by ScottBogatin
Several market reviews9. 30. 22 META Is a great example of how the strategy of buying and holding can be very expensive. If I were trading support, I would be long is this stock because it's oversold. On the other hand, it's a market that is giving back 70% of its games from 2013.And the devaluation the dollar is far more then 20% since 2013. This is a simplistic evaluation ignoring splits and dividends e t c. Tesla it's a much stronger stock, even though it's held up it's price very well considering the recent markets, it has made lower lows and lower highs and it is still close to the high. This kind of a pattern we concern me, and I would be very cautious about buying and holding in this market, and I would look for the market to trade lower if we are indeed entering into a depression. Natural Gas futures have corrected 38% to a support area which is a good bubble to go long if you find buyers. But the price is coiling...Which suggests to me that it is not clear for both the buyers and the sellers until the market starts to expand a little bit. In this case it's much better the sit tight market to give you a clue... this means that it has to expand, and this means that the market might make a couple of counter directional news before there is clarity. We will look for it as it happens....will talk about it when something happens. Meta Tstla Natural Gas
NYMEX_MINI:QG1!
by ScottBogatin
Natural Gas Futures ( QG1! ), H4 Potential for Bearish TrendType: Bearish Resistance: 7.630 Pivot: 6.900 1st Support: 6.335 Preferred Case: On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. Price has pulled back slightly but we're still looking at bearish momentum bring price back down from the pivot at 6.900, which is in line with the 161.8% and 127.2% extension levels to the 1st support at 6.310, where previous swing low and 78.6% retracement sits Alternative scenario: Alternatively, the price could rise to the 1st resistance at 7.630, which is in line with the overlap resistance and 38.2% retracement level Fundamentals: No major news.
NYMEX_MINI:QG1!Short
by Genesiv
E-mini Natural Gas Futures (QG1!)Title: E-mini Natural Gas Futures (QG1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 8.440 Pivot: 7.630 1st Support: 7.035 Preferred Case: On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price is forming a shoulder head pattern hence price might drop from the pivot at 7.630, which is in line with the 50% fibonacci retracement and the neckline of the head shoulder pattern to the 1st support at 7.035, where the 100% projection , 161.8% extension sits. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 8.440, which is in line with the 61.8% fibonacci retracement and 38.2% fibonacci retracement Fundamentals: No major news.
NYMEX_MINI:QG1!Short
by Genesiv
E-mini Natural Gas Futures (QG1!), H4 Potential for Bearish DropType: Bearish Drop Resistance: 8.315 Pivot: 7.715 1st Support: 7.365 2nd Support: 5.360 Preferred Case: On the H4, the price is showing a shoulder head pattern and below ichimoku cloud, if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the 50% fibonacci retracement and the neckline of the head shoulder pattern to the 1st support at 7.365, where the 78.6% fibonacci projection, 127.2% fibonacci extension are. If the 1st support is broken, the 2nd support could be at 5.360, which is in line with the swing low and the target price of the price pattern. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 8.315, which is in line with the 61.8% fibonacci retracement and 38.2% fibonacci retracement. Fundamentals: No major news.
NYMEX_MINI:QG1!Short
by Genesiv
1
E-mini Natural Gas Futures (QG1!), H4 Potential for Bullish RiseType : Bearish Drop Resistance :8.500 Pivot: 8.125 Support : 7.680 Preferred Case: On the H4, with the Stoch is below 20, and the price is above ascending trendline, as well as ischimoku cloud, we have a bullish bias that the price may rise from the pivot at 8.125, which is in line with the 78.6% fibonacci retracement to 1st resistance at 8.500, which is in line with the overlap resistance. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 7.680, where the overlap support and 50% fibonacci retracement are. Fundamentals: No major news.
NYMEX_MINI:QG1!Long
by Genesiv
E-mini Natural Gas Futures (QG1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 9.250 Pivot: 8.945 Support : 8.495 Preferred Case: On the H4, with the Stoch is over 80 and the price dropping from the 1st resistance, we have a bearish bias that the price may drop from the pivot at 8.945, which is in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 8.460, which is in line with the 50% fibonacci retracement and overlap support. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 9.255 where the pullback resistance is. Fundamentals: No major news.
NYMEX_MINI:QG1!Short
by Genesiv
Natural Gas Futures (QG1!),H4 Potential for Bullish ContinuationType : Bullish Rise Resistance : 10.695 Pivot: 10.005 Support : 9.050 Preferred Case: On the H4, with the price moving within the ascending trendline and above the ichimoku cloud, we have a bullish bias that the price may rise from the pivot at 10.005, which is in line with the 61.8% fibonacci projection to the 1st resistance at 10.695, where the 78.6% fibonacci projection is. Alternative scenario: Alternatively, price could drop to the 1st support at 9.050, where the 38.2% fibonacci retracement is. Fundamentals: Gazprom, Russia’s state-backed gas monopoly said on last Friday that it was planning maintenance on the Nord Stream 1 pipeline to Germany early next month, which further impact the supply of gas.
NYMEX_MINI:QG1!Long
by Genesiv
QG1! LB1!7. 26. 22 Natural Gas Lumber Lumber is coming close to a long trade as a used to structure, I would cautiously look for a long trade when it precedes to move a little bit lower. Natural Gas was the market I was looking at, but I had some problems with the price action and decided not to chart that market and I looked at other Futures markets instead such as coffee, bean loyal, Copper. I think the natural gas video is important for me, and hopefully for you, because it focuses on some of my underlying issues that would cause me to walk away from the opportunity when in fact I may be able to modify some of my issues to take the trade, and also manage the trade differently than what I would do normally. If you are a swing Trader, and you can only spend so much time a day looking at the market because you're too busy doing other things, it's the setup of natural gas and the way it moves that might be the perfect market for you... and so I'm offering suggestions even though I would have to change my style a little bit to appreciate the way the natural gas market is moving, and I would have to change my strategy because it's a grinding market which is uncomfortable territory for me... unless, perhaps I can get in with a stop, and only look at it at the end of the day, everyday. I am not telling you this is the way to trade, I'm offering suggestions impossibilities.
NYMEX_MINI:QG1!
by ScottBogatin