With the weekend coming up, who knows what's going to happen with Russia/Ukraine. I will take my profit now on my one trade at 4.7 and keep my other one praying price will come down. If by end of day price has come down significantly then I am considering taking a small loss, we shall see. With the weather warming up, price action should go down, but with the...
Price action actually gapped UP and is heading higher, even though European NG is at it's lowest level since December and has enough NG supplies to get them through the rest of this winter. Apparently this is all the 'Big Boys' pushing the price up because of some cooler weather coming to the U.S. over the next 2-3 weeks. In my opinion, a few cooler days here...
Price action came back up as markets bounced back from this mornings losses. I'm still not sure that price will go up to 4.2 so I have put in a Sell Order at 4.150, looking for a Take Profit of 3.8 over the next month or so. I will keep you posted as the week progresses. Trade Smart. Remember these are volatile times - anything could happen to make price...
So I was correct in my prediction that the 'Big Boys' would push price action up over the weekend, and they did. So far price has hit as high as 4.169. I was looking to get in at 4.2 so I might wait for that price as an entry to Sell. Weather is to remain cold today but start to warm up tomorrow and will really warm up for Wed and Thurs this week so I...
There is a cold snap coming into the U.S. from Sun to Tue for strong national demand. I'm hoping this will push the price up at least to 4.2 (hoping higher). Maybe the big boys will push the price up over the weekend, who knows. I will get into a Sell position Wed to Fri as price action starts to comes down. I'm hoping I will be able to ride the price from...
You can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March. You can see this is the weekly chart so...
Dr. Copper is almost ready to embark on a SELL of epic proportions - at least that's what the MACD Indicator is telling us. When the blue line crosses over the red line heading down? Oh boy!! Notice that you are looking at the Monthly Chart. If you check on the web for monthly charts for Copper re MACD history, you will find that when this 'DEATH CROSS'...
When I look at the chart I see 3.900 is a decent target seeing as it will be on the outside of the Linnear Regression Indicator. 3.800 would still be nicer, but I'm looking to get out of all my trades before this weekend. If there is a price bounce up this weekend, I can take advantage of that next week with another Sell Order. If price action doesn't look...
FINALLY - the 'Big Boys' actually HELPED me over the weekend and sold NG. NG opened tonight DOWN about 250 points which adds to my profits from pyramiding last week. I'm still looking at a target of 3.8 to 4 before I close out my positions. I thought that would happen next week or the week after but hey, might happen this week. Stay safe and I'll post again as...
I thought I'd finish off the week with a last post - good for everyone shorting NG as price action is coming down at a decent clip. Next week has some milder weather so I am hoping price will get down to at least 4. I'm shooting for 3.8, but depending how everything works out next week, you never know - I might close out at 4. Great profits none the less - I'm...
In looking at this chart, what price action is slapping you across the face?? Look at the Jan 12 and 13 candles, now look at yesterday and today candles. Almost identical! The NG market is sure crazy where prices can swing as much as 7 or 800 points in one day. Was it risky what I did by pyramiding?? HUGE! Very risky. Has it paid off huge?? Yup! I'm into some...
So price aciton came back up some in the last few hours, so I'm taking advantage with another Sell Order put in at 5.100 European and Asian NG markets fell again last night (today over there). Europes NG has fallen almost 20% in the last 2 days. I am hoping that I am making the right call and pyramiding (trying to follow the Larry Williams Way). Like I said...
So I've decided I am going to enter at the 4.800 mark for a Sell Order. Price action is outside the Linear Regression Indicator and I like the second wise man showing its face there, indicating a possible top. I understand the weather late this week is looking cold which could boost price back up a bit, but longer term forecasts so far are seasonable. ...
Looks like the 'Big Boys' did it again - price action opened up about 300 points - insane!! How high can NG go??? I dunno - but i'm gonna profit HUGE on the crash!! I don't know when it's going to happen - this week might be a lot of sideways price action staying between 4.7 and 5.1 Regardless, I will wait to see what price action is going to do overnight and...
So price action DID actually reach 4.700 as originally predicted. Even I have to admit, I didn't think it would get there. Good lesson to be learned through this.... Stick to your Rules - if I wouldn't have let my emotions get the better of me, I would have left my trade ride and I would have closed out at 4.7 and made a few extra thousand. Even I get spooked...
Blame it on the 'Big Boys' for the drop yesterday when the market reopened at 6pm - piss me off. Anyway, price has gone back up a little so I'm looking to exit this trade later today or tomorrow - obviously I doubt price action will hit 4.7, maybe not even 4.3 looking forward to next week, weather wise price should come down a bit - war tensions across Europe? ...
Price action is more or less in a sideways channel - FRUSTRATING! The tensions in Europe had NG spike huge last night and Asia turned their cargo ships back around from Europe to Asia. With Euopean NG rising, Asian NG rose a bit also. No idea what's taking U.S. NG to go up - we also have damn cold weather!! Anyway, the Fed announcement tomorrow maybe also...
It took longer than I expected for price action to go up - probably because the European and Asian NG markets came down quite a bit over the last 2 days. Anyway, price is finally heading in the right direction for me - UP!! I got in at 3.9 as I wanted. We will have to see what happens over the weekend with the 'Big Boys' - If they sell and price action opens...