Bloomberg Natural Gas (BOIL)
Asset Class: Indices
Income Type: Daily
Symbol: BOIL
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Trade idea:
-Price rejection from a major Daily demand zone, forming an upward channel.
-Waited for a demand zone to form on a lower time frame (30m) .
-TP set at the SZs with a 7:1 RRR
-Consider trailing your SL or place different orders for each target.
-Apply proper risk management. max position size is 1% of your capital.
Set-Up Parameters:
Entry: 8.92
Stop: 8.53
TP 11.67 (7:1)
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback for a risk free trade.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Income Type: Daily
Symbol: BOIL
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Trade idea:
-Price rejection from a major Daily demand zone, forming an upward channel.
-Waited for a demand zone to form on a lower time frame (30m) .
-TP set at the SZs with a 7:1 RRR
-Consider trailing your SL or place different orders for each target.
-Apply proper risk management. max position size is 1% of your capital.
Set-Up Parameters:
Entry: 8.92
Stop: 8.53
TP 11.67 (7:1)
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback for a risk free trade.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.