Natural gas long setup

Updated

Hi traders.

Look my previous idea about natural gas. We were disciplined and did not try to cath a falling knife.
But now we believ the time is right for a trade. Cycles short term and long term point out a low this week
for a good entry.

We have a stoploss at 7.30 and target of 29-30 range. Trading symbol BOIL.
Hopefully our patience last few weeks will be rewarded.

I dont trade often, since i am only waiting and being patience, so the entrys are medium to long term.
And once we are inn we wait again for the profitt target to get hit. Being a good trader is having alot of patience,
and never chasing price, never trade if your emotions are out of whack, we need zen state.

Note

Be verry carefull of alot of scammers on TW. I will share with you what they realy do. They make analysis but they dont trade or dont trade any money of significant.

What happens is that they are not in the market and are not exposed to the volume and reactions that happens when you place a big bet, they draw on charts but dont get any reaction since its not a real trade. So it looks like it worked on the chart, but if you place alotof money on that trade the other big playes would try to squeeze you or try to see if they can stop you out to take that trade away for you. They have all the links in their profiles so you buy courses, thats their real income, if you see links where they sell courses, just know they are not real traders. And could never make any money of significance.

Note

Note

Looks like the big players wanted to liquidate/stop out players contracts and go long them self.
Our trade is stil valid, since the exchange for BOIL is not open in scandinavia, we will look at the close of today and see how it impacts BOIL. I will post when i have executed the trade.

Remmember patient, its real trading not risk free drawin on charts like many authors do, as a posted above risk free trade drawings is not rel, you are not exposed to other traders and volume, others players will see big volume and trade and will try to squeeze you if you have tight stops.

But we are patient, tides are turning.
There was another trader who commented that he belives gas is only traded for winter....... guys becarefull who you get advice from, many people because they make paintings on tradingview and sell courses, think they are experts, they are not. They sell fantasy and have no experience, and could not get a work at a top firm.

I do this for free to give back, i have alot of spare time after i retired my self. Sucsess comes with time, and you learn from every trade. The loses is the price you pay for your education, if you reflect on what went wrong, also you must never stop learning about trading, traders.

Note

Stil early, we want the 21 MA to be broken in 4hour chart, and then try for a entry after a pullback. My system shows a possible low this week until february 8th next week.

I know its frustrating, but markets do not care about us or what we feel.Be patient.

Note

We dont need to be first.
Need 4hour 21MA broken, then we find a pullback to go long.

I had a question from a guy on TW that post ideas, but their is no dates, no targets, no stop, never and executed trade. He wanted to know what we do when stop get hit. Answer is nothing, even if we traded it and got a small lose it would change anything. Losing small when trying to enter and win big later is worth it.
Trades are not fantasy where you hit the exact bottom candle, you miss often.
Hopefully he gets the curage to do trading rather then posting ideas-

Note

I said it many times, but you must understand it. Never try to catch a falling knife. We dont need to be first and catch the bottom, we just need a good entry. Let price base, look for evidence of a turn around.

My criteria is stil not ment. I have until next week before this idea is maturing, meaning my models are showing diffrent possibilities.

Be patient and dont be glued to the screen, you only need to watch the close every night. Doing more then that hurts you, since you dont get more result by looking at it more, keep in mind your brains energy.

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Stil dont like it, and i am staying away. Until we get confirmation the move down is over. Its has until next week before my idea is not valid and the models need to
recalibrated.

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Price has to bottom this week and rally, need a break the 21 MA to confirm a a cycle low is put in place.

Note

Sign of life

Note

We only have 1-2 week before cycles tops. And then a new cycle bottom will happen
mid march.

I have stayed away from the trade, since the 21MA was never close for a break.
We stil have 2 trades going in Oil and Gold. There the price has reacted well to the cycles.

For this trade to be intresting again, i would need the 21MA to be broken next 1-2 weeks, and i will trade the pullback in mid march.

TradingIsNotGambling

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