notes to my traders
Natural Gas Day Trading NG 08-13
NG 1440min Chart
Last week, after small consolidation, Natural Gas drop and break last double bottom, at 3.930 & the 200MA. More important, sellers close under the 200MA by the end of the week.
Sellers Volume was stronger than last one and twice than buyers.
Next day will be decisive to know if NG price will keep dropping, or buyers will get back in market.
Few important thing to notice: my lower “light-Pink” is only a potential resistance line. If buyers will be back at this level, then this trend line will be important. For the Bearish Channel.
!!! : this is to show you why I’m more likely to be short on this trade. After passing the 200MA, buyers retest the following day. But by the end of the day, it finish at sellers price.We also go lower than last candlestick low. If Monday sellers start to break last Candlestick low again, I’m expecting to see another big spike of volume. And we should go till 3.600 easily.
GBPUSD Forex , Using 6B Futures Contract
GBPUSD Forex Direction & Targets
This is an Update on last post on GBPUSD Targets&Direction. After few days,we can buyers having hard time to pass this first 50% Ret. Fibonacci and the 50MA. Right now GBPUSD price are between my Green Trend line and 50MA. Is in a consolidation and should break out very soon. I’m more likely to go for a short one, because Sellers are under my Brown Area line and 50MA. And in last few days buyers din’t have the same commitment as they did on past move UP.
Short:1.5103 -1.5047 – 1.498 Long:1.5377 – 1.5483 – 1.5551
Day Trading Natural Gas , Using NG Futures Contract Charts.
This is what I was working since last two weeks. Natural Gas was in bearish for very long time. Right now, it look like NG find resistance at 3$ price.
Day trading Natural Gas Monthly Chart
Natural Gas was in bearish trend for few months. When price reach 4.100 and pass this price, Sellers get so exited and start to sell till 3$ price. At this point,
Price was Over Sold .Buyers get in the market, with NG be in Sold.This was great opportunity for buyers to buy Natural Gas.
Day Trading Natural Gas ,Weekly Chart
On this chart you can see clearly why I say 3$ was the lowest price and now we creating a resistance for Sellers and Support for Buyers.
Bullish Trend: I like the way buyers was moving till 4.100 price. they close above few time. On last move of Bearish Trend, Buyers lose Strength. This give a Sellers Signal to get in the market and to try to bring price back to 3$ and maybe lower.
Bearish Trend: Sellers wasn’t able to close lower than 3.215 price. And if you compare Bullish trend with Bearish trend. We can see Buyers have more discipline than Sellers. What I mean by this, is, Buyers move together and Sellers are not,some sellers try to get to fast every time.
You also can see Buyers Discipline in volume.Buyers Keep same level of commitment during all the time, and Sellers are lost.
Day Trading Natural Gas on daily chart, Waiting for my price to go Long at 3.7
On this chart we clearly see ,since few days, buyers was working very hard to bring 200MA and 50MA together at 3.7 prices ( Critical price to control for buyers).
Right now, Sellers should start to go in market and bring Price down. Till Blue Area, where Buyers will waiting Sellers.
We can see in volume why I’m looking to see sellers get in market. On last move buyers din’t have any strength , and sellers din’t miss this chance to get in market. Now, let’s just wait sellers go to blue Area.