learn how to trade

Natural Gas, Sellers are Back!

Natural Gas, Sellers are back! For those who miss the entry for Long position on Natural gas, Market give you one more chance!

Day Trading Natural GAs

Natural Gas, Sellers are Back!

When Sellers try to break first time Buyers trend, and test 50MA, they fail. Buyers get in the market and push Natural Gas price UP with so strong volume that I was surprise they fail to reach the double top. however, they fail.

This Was the Signal for Sellers to start take control of NG.

So far I mad a potential bearish trend we could see next week.

Natural Gas day trading

Natural Gas, Sellers are Back!

Two Great thing happen on Monthly chart. 1st , last month Buyers was able to close above Over Sold Area. And next day, sellers start to take control. Why I’m happy?

Since Buyers close above 4.401 and support this price at the end of the month, they create a Higher Low trend. 

Now , I’m looking to see sellers drop Natural Gas price at 50% at least, and even better tif they drop till my Green Trend line. Now We just have to wait  for Long Signal, to buy some share of Natural Gas.

Day Trading Market

 Day trading Market ,using Vix to show market volatility

day trading vix

Day trading Market , VIX monthly chart

I put this monthly chart if Vix, to show you a big picture. The Red are, is everything below 20 points.For me is area where market is toff to trade as Swing trader or Day trader.

As you ca see, we still in bearish movement on long term.13.00 – 12.70 points is a resistance for sellers to bring market volatility lower and keep market low. Last 3 months , we try to close under this resistance. Sellers keep try again and again, and even if they fail at the end of the months, they still pushing ViX at lower level.

So what that mean? For me…stay away from the market right now, at least from Stocks.  Is why I start to post more about other Commodity and Currency. (is a good part of market…when one index are in hight risk and out of “good profits”  there are always something to trade )

vix trading

Day Trading Market , daily Vix chart

On Daily chart since few day you can see we was going short,I used my red trend to show this movement

This week I’m looking for a new short term Break Out on market. Buyers will try to close above 50MA and then go test 200MA. And if we go Short, sellers will try from they side the lowest level so far achieve, and push lower. the challenge for sellers if they go lower, is to close the month under 13 points.

By looking in general at Market, we can see what VIX show us…low volume and toff trading. Be at top of the market, doesn’t help. It’s why I will stay away this week from Market to watch what it’s going on.

PS:Be at this level of market, it’s steal possible to make money on daily level,is not a big deal for most of educated traders. My points, it’s If your not educated about trading at some point, and you should not use real money. And Be at this level at market (lower than 20 points on vix…is even worst if you try to get in trading and make money, Market will not just take your money, but blow your account again and again, try if you don’t believe me  ).If you are interesting to get educated in market,  doesn’t mater where you are in the world, send us an e-mail with your question)

US$ Direction

US$ Direction on DX 03-13 E-mini Futures Contract

My direction Long term, in “Long” if we keep the same commitment from buyers. Right now, we should take a break as a consolidation or go back to resistance #2 or #3.

DX

US$ Direction Weekly:

On Weekly chart, we din’t close above the double top. Is why, Buyers will probably take a break and then push one more time and should easily pass this price next time. For this they need to go back at MA50 and MA200 , or at least as close is possible.  and then, enter in market with higher volume than past move UP.

dollars

US$ Direction Daily:

On daily chart, we can see many support for buyers, and is why I say I was “long” before . Notice also, we are creating a new Bullish channel. We are leaving the small, to create a bigger one. Is not yet Donne/confirm, but look like it will.

#1 resistance: this resistance was break by buyers, On weakly chart. And will become a support for buyers. I don’t think they will use this support at all, but you never know, right?

#2 resistance:  Is the price I was watching for US$ to close above last week. And we did. Right know is a very strong Support for buyers.

#3 resistance: Is a Lower trend line of Bullish Channel support for buyers. I’m looking actually to touch this price, before creating new high on DX.

#4 resistance : This is a resistance for Buyers now. But, Buyers showing that they will pass this price very soon.

Why? Thursday they pass this price, did not support, but  buyers close at they price. And Friday, they get even higher…still did not support this price again, but close once again at higher price than previous day. It actually show us , that we may not even take a break before close above this resistance. how ever, I’m waiting a pull back, before taking go long.

PS: as i mention before, i will be on vacation, and won’t be able to bring my computer. I may not make my call during the week, on different index (and so far it look like, is a great weak to make some). Great Week everyone! will be back, for next week!