NBP1! trade ideas
Natural Gas Futures - ShortThis is a trend based analysis of Natural Gas Futures. Immediate price trend is down. It is currently in the strong WLY S-R area. If it cracks this, price will fall further.
Price has fallen following the descending triangle pattern and is following the trend.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Gann Box to determine possible short term trend changes for intraday trades.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of price movement along the trend. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
natural gas forming head and shoulder natural gas forming head and shoulder pattern in daily chart .....this is only for educational purpose
Descending Triangle pattern in Natural Gas FuturesThis is a trend based analysis of Natural Gas Futures. NG price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable.
Indicators Used:
21 EMA & 55 EMA for identifying EMA crossover.
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
Natural gas fut CMP 193.5 buy above 195.5 (15 min candle closingNatural gas fut CMP 193.5 buy above 195.5 (15 min candle closing basis) for Target 198- 200- 202-205+
Sl below 192
Natural Gas ShortEntry: around CMP(198.8) - I will add one more lot at 199.1-199.2
SL: 200
TGT: 195.5
NATURALGASGo long if it resist above 195.
go short if it break 194 ,which is best support of uptrend .
#naturalgas #commodities #mcx natural gas long as per trade setup for swing trade stop loss current swing low.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Dont miss opportunity in Natural GAs (Bullish Bat) Buy zone 205-06
Target 220
Stop 200
Thanks
Jigar Pateel
8898030401
How to trade a Descending Triangle Pattern ?Tools Used :
VWAP
Stochastic RSI
Strategy :
1. Look for RSI crossovers (when the blue line crosses the red line either way), in the overbought / oversold zone in particular.
2. For even safer entries, wait for the price to cross the VWAP.
3. Try to buy and sell on or near the lower and upper extremes of the pattern.
4. Look for reversal signals when approaching the extremes, backed by RSI crossovers, e.g., pin bar, or spinning top, or bearish/bullish engulfing, or a doji.
Hope it will be useful.
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NATURAL GAS CHART PATTERN &TECHNICAL ANALYSIS Long & Short levels Derived from Gann & Astro Levels .
Means while you may See the buy or sell signal on Indicator also,
For Commodity , it is recommended to wait for the formation of swing high / low with Fractal
High or low indication and take position on next candle
Sl & Targets according to your risk management
NATURAL GAS CHART PATTERN & Gann Levels As in international market , NS seems to be bearish ,
i have given both levels for long & short ,
these levels derived from Close of VWAP @ 9:40 am and can be valid till the evening session 5:30pm .
if price sustain above 217.5 Buy With SL of swing low or -2 candle on 10 min CLBS
If price break down the level of 209.5 one may Short.
before position wait for price to sustain above or below the level on 10 min CLBS
Note: Before Investing consult your FA
[Commodity] Natural Gas OverviewAs per charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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