Natural Gas short: Fakey

2 gru 2016

The uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will follow; and as we know panic selling of NGAS is an amazing opportunity to short. I entered short at $3.5 and will hold till STOCH RSI bottoms, where I will try to long as I think NGAS has potential upside.

5 gru 2016

Uwaga

12/5/2016 [9:00 BST] added to my short at resistance to decrease the average cost.

5 gru 2016

Uwaga

The bullshit-o-meter is through the roof: added short [4:59 BST] at the bearish hammer on the 1H

5 gru 2016

Zlecenie aktywne

This is not the reversal we are looking for.
1. 4H STOCH RSI not topped
2. 15M lower BB not widening

=we will bounce back more likely and then reverse finally

5 gru 2016

Uwaga

s3.amazonaws.com/tradingview/snapshots/q/Q1c5BIjz.png

6 gru 2016

Uwaga

Added at $3.682

6 gru 2016

Uwaga

didn't see the reverse hammer I wanted and close below yesterday's low... Another day tomorrow--another try.

7 gru 2016

Uwaga

There we go, reverse hammer on the daily and all indicators reversing

7 gru 2016

Uwaga

s3.amazonaws.com/tradingview/snapshots/v/vZ70POst.png

11 gru 2016

Zlecenie aktywne

Took some profits from my Friday entries

15 gru 2016

Zlecenie zamknięto ręcznie