XNGUSD(Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
NGSUSD trade ideas
US GAS (Short) Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
Natural Gas Robbery Plan To Make and take MoneyMy Dear Robbers / Traders,
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Natural gas falls as Middle East ceasefire talks progressNatural gas falls as Middle East ceasefire talks progress
On Friday the Natural Price decreased by almost -4.5%
This was related to fears that weaker demand from major NG importers could weigh on market sentiment.
Investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
NG was also followed by a drop in oil prices. We didn't have a different move on fuel prices as we are used to when Oil and NG move in different directions. News about the ceasefire in the Middle East is supporting the decrease in fuel prices
NG may rise slightly for a small correction before it moves down more up 2.00 and lower as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Natural Gas: are bulls capitulating? The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
Natural Gas Looks Poised for a 7.65% SurgeAfter a 39% decline since June, natural gas prices seem to have bottomed out on August 5th. However, after the initial bounce, the price has been consolidating over the last 9 days, forming an inverse Head & Shoulders pattern. This pattern suggests that a breach of the $2.38 level could potentially lift the price by 7.65%, targeting the $2.57 level.
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NATGAS BUY LONG👉🏻 Navigating the markets with a clear trading strategy is essential for success. 📈 The chart shows an interesting setup for a potential long trade on Natural Gas (NATGAS), in line with the market cycle theory.
📌 Pattern analysis: The price has recently broken a descending trendline, which is a potentially bullish signal. After a retracement towards the 0.618 Fibonacci level, the price has formed a solid support, highlighting a key demand area. This zone is well marked by the gray rectangle, indicating an accumulation region.
📌 Next move: With an upward breakout confirmed, we see a clear potential for growth towards the target indicated in the green area, with a target of 2.600. This move is reinforced by the recent positive reversal, suggesting a trend change is underway.
📉 Risk management: The stop-loss level is strategically placed below the recent low at 2.084, which allows minimizing losses in case of false signals. The risk/reward ratio appears favorable, making this setup interesting for long-term-oriented traders.
👉🏻 Conclusion: As always, capital protection is crucial. By following this strategy based on solid technical analysis, you can identify an entry opportunity with well-calculated risk. Patience and discipline in following the trading plan are keys to long-term success.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again?
Usually this signal provides a near term bounce but medium term decline.
$NG: Bearish decline now switched off, potential reversal on!Bearish Decline from June to August 2024
The AMEX:NG market has experienced a significant bearish trend, beginning from the high of $3.192 on 11 June 2024. This marked a crucial peak before prices entered into a pronounced downtrend. The decline intensified after 25 June 2024, following three failed attempts to breach the declining trendline. These failed tests solidified the bearish momentum, driving prices lower as market participants lost confidence in the possibility of a reversal.
The initial phase of this downtrend was marked by steep declines as bearish sentiment dominated the market. Prices continued to fall sharply, with little to no relief rallies, reflecting a market overwhelmed by selling pressure. However, the decline began to decelerate around 9 July 2024, transitioning from a steep drop to a slower, more gradual downtrend. This period of slower decline lasted for about a month until 7 August 2024, when a notable shift in momentum began to emerge.
Shift in Momentum and Trend Reversal
On 7 August 2024, the natural gas market began showing signs of a potential reversal. This shift was confirmed when prices broke through the yellow trendline that had defined the bearish decline. The break of this trendline was significant, as it indicated that the market was no longer confined to the downward trajectory that had dominated since mid-June.
Following this breakout, the price rapidly tested and retested the original bearish gradient around 8 August 2024. This action suggests that the market was determining whether the bearish trendline would now act as resistance or if the breakout was strong enough to sustain a new upward trend. The successful breach and subsequent holding above this gradient marked the beginning of what appears to be a new bullish phase.
Potential Price Rise and Resistance Levels
With the trend reversal underway, the market is now poised to test key resistance levels. The immediate target is the resistance around $2.47, which represents an 11% increase from current levels. This target is realistic given the support levels identified at $2.16 and $1.91, which have provided a foundation for the recent price action.
The white line on the chart suggests potential price rise fluctuations, leading to $2.47 by 27 August 2024. This would represent a significant recovery from the lows and could set the stage for further bullish momentum.
If the bullish momentum that began around 5 August 2024 continues, the market could see a high-velocity price change between $2.47 and $2.87, representing a 12% increase. This scenario is plausible if supportive factors, such as clearer forecasts of winter demand and inventory reports, continue to drive market sentiment. The blue rectangle on the chart and corresponding volumes indicate that increased trading activity and bullish interest are backing this potential rise.
The timeline for reaching $2.77 by 13 September 2024 is also feasible, representing a 25% increase from current levels. This would require sustained bullish momentum and possibly some positive fundamental news regarding supply-demand dynamics as the market approaches the winter season, a period typically associated with higher natural gas demand.
Conclusion
The natural gas market is currently in a critical phase, transitioning from a prolonged bearish decline to a potential bullish reversal. The key levels to watch are the $2.47 resistance, followed by $2.87 if the bullish trend strengthens. Market participants should monitor volume trends, winter demand forecasts, and inventory reports, as these factors will likely influence the market's trajectory in the coming weeks. The timeline to mid-September 2024 will be crucial in determining whether this bullish reversal can be sustained, potentially leading to a significant recovery in natural gas prices.
NATGAS Will Continue The Bullish TrendThe recent rise in gas prices is likely to be due to a technical reaction to the previous downward trend and the geopolitical situation.
Since it is well known that "the trend is your friend", the question arises as to possible price targets for any long trends.
An area of several open intraday gaps from mid-July 2024 is a good place to start.
If we choose this zone as a price target for a long trade, we can realize an acceptable RRR of around 1.1:1.