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Natural Gas Futures

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NG1! trade ideas

Natural Gas (MCX): Week of 20/02/2023Levels: Support: 180, 150, 120 Resistance: 200, 220, 235 OI Data (21st Feb Expiry): Nearest Major Resistance per OI data: 200 Nearest Major Support per IO data: 200 * interesting * Trade setup: 1. Setup: Bearish 2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put) 3. If it stays above 215-220, there will be short covering, pushing it towards 250. Go long with SL: 200 (1 point = 1250/-) 4. Below 180, it's sell. 5. Best trade is: If the price pull back above 200 (~210 level) and then shows weakness (15m / 30m timegframe), buy NaturalGas 200 PE (23rd Feb). Put a SL (in Future) as 220. RR is great: 1:3 (210 vs 220 as SL, target 180) +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 220 | 200 | 235| 250 ----------------------------------------- SELL | < 180 | 200 | 150 |125 +++++++++++++++++++++++++++++++++++++++++
MCX:NATURALGAS1!
by pradipandsuvra
Natural gas reversal zones 17-2-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
MCX:NATURALGAS1!
by Elango-ragavan
Natural gas reversal zonesNG consolidate in this zone more than 2 weeks, it should break this zone will tell the down trend end or not. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
MCX:NATURALGAS1!
by Elango-ragavan
[MCX] Natural Gas Intraday TradeNote - Intraday! 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. ======= 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. ======= 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. ======= 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. =======
MCX:NATURALGAS1!Long
by Amit_Ghosh
Naturalgas bullish head and shoulder pattern in 4 hrs tfThere is bullish head & shoulder pattern found in NG, sustaining 216 will confirm its uptrend. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas #head & shoulder pattern
MCX:NATURALGAS1!Long
by Elango-ragavan
NG (MCX): Week of - 13/02/2023Levels: Support: 200-190 Resistance: 220, 230, 250 OI Data (21st Feb Expiry): Nearest Major Resistance in NG per OI data: 220, 230, 250 Nearest Major Support in NG per IO data: 200 Trade setup: 1. Looking at the OI data, most likely range-round is: 200-250 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 230 | 220 | 250| 300 ----------------------------------------- SELL | < 195 | 205 | 175 |150 +++++++++++++++++++++++++++++++++++++++++
MCX:NATURALGAS1!Short
by pradipandsuvra