NATGASUSD buy setup

Buy NATGASUSD aftre a close above 3.52 on 4H chart.

T1: 3.71
T2: 3.88
T3: 4.00

SL: 3.45

Do not take any short position if the narrow range is broken downwards as the major trend is UP. Avoid counter trend trades.
IF the range is broken downwards then we will wait and watch for a fresh opportunity to go long.
Nov 08
Comment: Always:

1) Look for opportunities in the direction of major trend.

2) Avoid counter trend trades even however attractive the setup appears to be.

3) Avoid the urge to be right all the time and high success rate. High success rate will comes with a trade off in risk reward ratio, i.e if you aim at having high success rate/win rate you will have to forgo the risk reward and settle for mediocre risk reward trades which can eventually dent your trading account during losing streaks/drawdowns. High win rate will definitely satisfy your ego but there is no grantee it would keep your trading account in green in the long run.

4) Aim at trading only those setups where risk reward is highly favorable. That would mean you will be trading very less and success rate/win rate will be average (40%-50%). But your account will grow and during the draw down/losing streak your account will be safe. By going for trades with good risk reward you may have average win rate and make you "feel" you are an average ANALYST but will ensure you become a great TRADER in the long run!

Feed you bank account not your ego :)
Nov 08
Trade active
Nov 09
Trade closed: target reached: .
Nov 09
Comment: .

T1: 3.71 achieved
Nov 09
Trade closed: target reached: .

T2: 3.88 achieved
Nov 09
Comment: With a risk of just $0.07 we booked profits of $0.19 (Risk reward 1 : 2.7) and $0.36 (Risk reward 1 : 5)
Nov 12
Trade closed manually: Closing complete position at CMP 3.75
Nov 14
Comment: 1 minute of silence for traders who went short seeing divergence! :D


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