Trend is obviously bullish but there's really nothing I can do at this time until price comes way back down to 200 EMA of 1H chart. Until this 200 EMA, entering long position is not safe at all. It looks far away from current price but when it wants ...

Justin's Playground

I need some deep pull-back before enter a long position. The gap is still not fully filled. Target is ABCD harmonic. image

Justin's Playground

image It looks it's getting more bullish. I will wait until price comes back and properly test 50 and 200 EMAs and fills the gap properly. You don't want to leave untested 50 and 200 EMAs behind you because price often changes its direction ...

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Sandwiched by multiple AVWAPs and channels. Expect somewhat wider consolidation or range bound for days.... image

Justin's Playground

image Monday gap opening. Gap play is always tricky. A common myth among retailers is "gaps are always filled". Market manipulators well know that and enjoy making traps in both sides..... Anyway, bullish momentum looks strong at the moment.

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Hi, Steve In this case, where do you want to put your SL? image If A, it looks vulnerable. If B, it looks your RR won't be 1:5. Even if B, it might be vulnerable to be taken out....

Break Through Trading

In my humble opinion, moving average as a trend detection tool is not quite useful. It's way too lagging no matter what period you use. Simple higher high or lower low structure could be a better trend indicator. Price often bounces from MA and MA ...

Break Through Trading

What was the role of your 20 EMA in this trading by the way?

Break Through Trading

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Justin's Playground

Iran strike didn't affect the nat gas price as expected. Nymex nat gas futures is still for U.S. domestic market. It's still pretty much bearish and I will be looking for sell opportunities next week after some decent pull-back... image

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Justin's Playground

image It's rare nat gas reacts to geopolitical headline news... Anyway, I sold into the initial reaction of Iran strike news. My position is 1/4 sized QG. Let me see....

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NBT was caught this time. Even after many years, day trading is really really difficult indeed........ url

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Currently at around $3.500 level and it looks the price would go below it perhaps tomorrow.... Nat gas price usually goes down on Friday before weekend. Moving average is the most powerful indicator. Not sure how people even can ...

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Looks getting improved slowly... looks good, feels good..... image

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Hi, Lekkim Why don't you lower your leverage and cut the loss when it's necessary. Hedging hardly works in the long run. When you survive longer in this game, you may win in the long run. Good luck to you.

Crypto Open Interest (OI) trading system by Lekkim

How to start Spread Trading If you want to trade nat gas spread like me, first, you need to choose proper broker who can handle spread trading properly. Although, you can simply buy and sell each leg separately but in this case, you unnecessarily ...

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Natural Gas Nov-Dec spread image image image (Note: spreadcharts.com charts above are 3 months delayed feed as I use free version. Look at the top barchart.com chart for the current price.) I'd like to wait until early August and buy this ...

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In hindsight, it looks the resistance was stronger than you thought...... Anyway, it's a hindsight view, sorry. image image

Break Through Trading

I also agree Patrick Wieland is a great trader but you should know he is a super extreme scalper. Look at his average trading time and the amount he spent for the commission below. Unless you have a scalper's mindset and psychology, you won't be ...

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