the coming wave$ung $ugaz $dgaz $boil $kold $unl $gaz
I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
DGAZ
DGAZ Performance During 2012 and 2016 RalliesThis is a continuation of my 2020 bull rally theory, finding the best way of capitalizing on the potential opportunity in front of us is the next step.
DGAZ performed as expected in a bull rally, substantial losses are seen during the initial rally from cycle low to following heating season. The losses continued from initial high to monthly cycle high but the volatility would make holding very difficult.
Shorting DGAZ is a very viable option to take advantage of the initial bounce, it would be a bit volatile holding for the approximate 8 months expected. Closing and reopening the position based on the daily cycle would reduce the volatility and likely increase overall return.
DGAZ being a leveraged product has significant decay by shorting it this decay will be working in favor of the position.
Shorting UGAZ - The Dangers and controlling the risk, Part 3This is a supplemental chart to the following post:
Part 3 - How to Protect - Cover the Position
ngetf.com
This article is a continuation of a series where I've been exploring options to improve upon the idea of shorting UGAZ. Rather than just short the ETF alone and protect against a move backward, I am looking for a way to cover the short position by taking on a spread instead. The chart included isn't much for details this time. Most of my results are shared in Google Sheets. These documents can be found in the article linked above. The previous articles can be found at NGETF.com/notes.
Thanks, and I hope you find some of this data useful
Oldinvestor
+$625 on 1 trade in $NFLX using TrendSpotterHi Guys,
A simple move out the gate today. Have a great weekend,
Enda
+$507.20 with 2 wins and 2 lossesHi Guys,
Took a slap today from $NFLX for -$400 and another loss in $UGAZ for -$180 but I came back strong with 2 back to back wins from $UGAZ to put me up $507.20.
Enjoy,
Enda
Up $1095 this morning on $NFLX & $TSLA. Hi Guys,
2 beautiful wins today from $NFLX & $TSLA and $DGAZ gave me nothing! Ahh well, I'll be back for $DGAZ tomorrow.
Thanks,
Enda
DGAZ Long Setup Position TradingThis can take weeks if not months. However even if DGAZ price goes to zero, i am only going to risk 5% of my entire account for this setup. If i have 10K in my account i am going to use $500 to buy at $168 and it's like 3 lots. I belive DGAZ is going to rise a lot. This is my technical bias. I have zero fundamental ideas and knowledge about DGAZ.
My target is fixed to $443
Disclaimer: This is not a financial or investment advice
Trade safe,
Atilla Yurtseven
$575 win on $TSLA & $DGAZ. Tough day to startHi Guys,
Serious drop this morning but we waited and waited until finally $TSLA & $DGAZ threw us a bone. Sorry about the mic issue.
Thanks,
Enda
Who knew trading $DGAZ & $UGAZ would be so much fun!Hi Guys,
To be clear I didn't trade these on Friday but I will include them next week in my trades. Take a look at TrendSpotter in action on $UGAZ & $DGAZ. The moves are large, TrendSpotter is real, the only question is how much profit do you take!
Thanks,
Enda
Short on Natural GasNGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade, because there is a good chance of a pullback there.
If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees).
More on our website: iam-unchained.com
Flatulence is naturalColder and more snow than normal in the areas that drive demand, but is that enough to eat the surplus?
Daily
Support is holding @19.21, 9cent's below the daily setup trend @19.30
Weekly
mostly negative to neutral
Monthly
Patterns
Inverted Hammer on an 8 downtrend = Bullish in a downtrend
Star Doji = Bullish in a downtrend
Gravestone Doji = Bullish in a downtrend
Weather Forcast
Commercials are heavy long NGI was wrong on my last idea, NG went on and dropped lower. Trend remains down until we see a close above 2.33 then 2.48. Commercials are heavy long at levels not seen since 2016. Seasonality is bullish from now to Nov-Dec. we just need to see a sustainable rally to bolster the idea of a bottom for the year.
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DGAZ buy opportunityWe are in a descending triangle but before we go down we go up to around 128.00
Stop loss : 85.00
Target: 128.00