Sleepy last couple days for nat gas. Let's see if the EIA inventory tomorrow provides a pop for us!
How to avoid stopp loss...anyone doing that? 52 replies
DislikedSleepy last couple days for nat gas. Let's see if the EIA inventory tomorrow provides a pop for us!Ignored
DislikedSleepy last couple days for nat gas. Let's see if the EIA inventory tomorrow provides a pop for us!Ignored
DislikedHear Hear oh ye, do not be quick to jump to conclusions. This is order flow reading class not fundy, I love both, but this is more about what is happening on the chart. Market has gone dull, yes, but there is an unfilled gap open btw 2.383 - 2.402. Supply took over, then now is the disinterest period where neither side is committed to push. For now, and there is the origin of the last rally move around 2.33 of which sometimes market likes to retest. I had mention this retest earlier, then we had the gap opening, I knew I am not interested in buying...Ignored
DislikedHear Hear oh ye, do not be quick to jump to conclusions. This is order flow reading class not fundy…Ignored
DislikedThe Don, did you unwind your Longs yet or still holding? Interested in your trade management!Ignored
Disliked{quote} Forecasts are calling for a big drop from previous. Biggest decline since mid-Sept. We are already deep into October. This could be the beginning of the supply/demand shift if temperatures continue to get cooler. No big snowstorms yet. If I were long Natural Gas, this is around the time I'd start to thing about closing my position.Ignored
Disliked{quote} Inventory numbers inline with forecasts . Only the weather could trigger some action i guess United States EIA Natural Gas Storage Change came in at 87B below forecasts (88B) in October 18Ignored
Disliked{quote} Hello Dan my friend. Sorry for the confusion but this thread is NOT an order flow reading class. I started this thread to invite commentary on the NAT GAS energy market. A market I have only recently begun to trade. I started in this sector to show that trading is trading now matter the market, and no matter your method. All commentary is welcome, and especially in commodities fundamental announcements and news reports are important, especially on one that effects how people stay warm in the winter (EVERY winter). This market is distinctly...Ignored
Disliked... I am eager to know about how you will trade manage this one and logic than the actual trade potential. Cheers!Ignored
I am looking for a test of the 2,800 (spot) level but would not be surprised to see some serious selling occur around 2,750. However, at this point in time...there's nothing to do but wait. IF the "flush" (affectionately called "the FU stop") does occur to the down side, and IF I am stopped out, then I will re-evaluate and see what the order flow is doing then.
DislikedI have a neat little formula that plots the moon cycle in Metastock. It can even be adjusted to your time zone. I guess I could just look outside (it is usually dark here during Euro/US market times), but this is much more fun.Ignored
Disliked{quote} Not for nothing, but I know a guy who uses lunar cycles to trade gold. Which (IMHO) actually makes sense...for Gold. It is based on religious beliefs in India in which many of the faithful give gold as an offering for their faith. And this cycle is lunar based. Thus demand (in India) rises significantly during this cycle and brings gold prices along with it. There is also a theory that holds that people are more aggressive during certain phases of the lunar cycle making them more amenable to trade more aggressively as well. So its not completely...Ignored
Disliked{quote} The logic for me holding this trade is this: On the last round of selling, said selling exhausted itself leaving no further interest in selling at the lower levels Buying has come in to move price higher, but the slightly higher prices have garnered more selling interest. While selling continues near the highs of the current range its volume doesn't appear sufficient to absorbe the buying that is occurring at the bottom of the range. On the most recent move higher I have not yet noted anything I would consider "buying exhaustion", meaning,...Ignored