NatGas Long

Risky? Yes.
Potentially rewarding? Definitely.
This is a bull-market speculation trade -that NatGas is done with its consolidation phase.
Keep SL reasonable. I don't want to see sub 2.5 in this scenario.

Trade stängt manuellt:

Taking losses early, better safe than sorry.
Price decided to break the level and close a 1 hour candle below the level.
I don't take this as a good sign.

Kommentera:

Price broke with 35 downwards and then reversed back up. I re-opened hedges when it went back up in the circle level. I am not sure if 35 points will consider the level broken or not.So its kind of experimental.Would prefer if the edge was not broken. Price doesnt always give you luxury.

Kommentera:

Personally I set my SL @ 2.5. If that's hit, I am done looking for longs.

Kommentera:

I like the price action now. Price backtested the fib-level and bounced upwards.

Kommentera:

Lets see if it holds into the close.
Was 40 point break.

Kommentera:

Level held into the close. Price has tested the area quite a lot now.

Expect volatility on the inventory report.
If level holds into the close today, we might have the bottom in.

Kommentera:

No lower-lows. I think this got approx at the bottom.
Early next week I think will be last chance to enter the train. Can provide a good entry.

Kommentera:

Today is judgement day.
Can the previous low hold and can we close the day above the red line?

Right now price action is in dogshit mode.

Kommentera:

It's rising. But not with the same conviction that it fell. Hence, we can expect dogshit price action from the asset.

Kommentera:

Finally it started to move. Lets see if it can hold this move throughout the day.
Then NatGas is back as we know it. In its trending non-bullshitting mode.