HEIKOTradingSystem

HEIKOTradingSystem May 22, 2023

Will NG go up this week to 2.7?? Let me know your thoughts. I'm on the fence...I think I will put my TP at 2.6 and be satisfied with that. I have placed my Stop Loss at 2.4 (the green line) so I will only profit 100 points or so if it gets hit, but better than nada right? :-o Let me know what you think. Stay safe all. Heiko

HEIKOTradingSystem May 19, 2023

Did anyone put in a Buy Order at 2? or 2.1? You can finally see two weeks in a row of Bullish price movement!! Finally! You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week. But who knows - next week is next week. AnyHOOO Hope all is well...

HEIKOTradingSystem Apr 18, 2023

So it looks like I was more or less correct - 2 was a decent bottom and good entry point. Don't know how many of you got in, but I'm in at 2 going long so I'm in decent profits currently. I'll keep you updated as usual. As you can see I am trading on the weekly/daily so I'm not sure what my target is yet, but I am partial to 500 point profits so I might get...

HEIKOTradingSystem Apr 10, 2023

Some decent gains today...Finally!! So have we finally hit a bottom? Back in Mid to late Feb price bounced off the 2 mark...so it looks like 2 is a very strong bottom. Or are we just going to go sideways now for a while? No bloody idea! But at least we have some gains today...could be a good week...or could just be sideways week - keep your eye on it. Lots...

HEIKOTradingSystem Mar 27, 2023

SO - from my last post, thinking price would rally even 500 points failed to occur. Sucks but that's the world we live in currently. Even with the contract rolling over there is no chance of a rally. The IEA says inventories are 22% above the 5 year average - this combined with winter being over in the U.S. means no demand for NG. So, I am sitting on the...

HEIKOTradingSystem Mar 19, 2023

As we know, NG has stayed down and storage is at an all time high - U.K. NG is at an 18 month low. Weather has been exceptionally warm in the U.S. the last 8 weeks, hence the huge amount in storage. My thinking is the following: There is a quick cold snap this week where it will start to warm up again on Fri,,, It's almost the end of this contract...most of the...

HEIKOTradingSystem Mar 9, 2023

As I said in my last post, price dropped this week. Question is, with the jobs report tomorrow, will price plummet? Or Rebound? THis is the question I am battling with. I will be watching closely and if price continues to fall overnight and into the moments leading up to the report, I might put in a Buy ORder in case price sky rockets. We shall see. As for...

HEIKOTradingSystem Mar 6, 2023

Last week NG went up a hell of a lot...are we ready for a pullback now? We shall see how this week plays out. Should be crazy with the Fed raising rates again on Wed. If this week closes below 2.6, maybe NG will fall back to 2 next week. If price action falls anywhere close to 2 THIS week, I will put in a buy order for price to return to the 3 zone. Heiko

HEIKOTradingSystem Feb 28, 2023

Nice little profit maker there...I'm not sure whats going to happen on Thursday with the storage report, hence I'm taking my profit and running. Also, this is the 5th day in a row of gains for NG so I'm going to wait for a pullback and get back in. I'm assuming price will drop some as people take profits from this last little bull run. I'll post by Friday again. Heiko

HEIKOTradingSystem Feb 27, 2023

Not sure if 2 was the bottom or not, but there was a support/resistance line around 2.3 so I put a Buy Order in on Fri at 2.350 to see if I can catch 500 points. So far so good but I might cash out shortly. We shall see. Question is....WAS 2 the bottom? Or will price just reverse this week and head back down to 2? Regardless, keep an eye on your trades -...

HEIKOTradingSystem Feb 16, 2023

I can't say when NG will rise again with any significance, but it looks like NG has a floor around 2.350. This is about the low that NG has hit the last 3 weeks. I'm putting in a standing Buy Order at 2.350 I expect price action to hit this level at some point over the next week or 2. I'm hoping not to miss the next rise up, maybe to 3? Even if it does, I'd...

HEIKOTradingSystem Feb 6, 2023

I zoomed out to the Weekly chart so you can see just how brutal the price has dropped over the last 8 weeks. Question is, will it continue? Or is this going to be a bottom? Answer is to wait this week out to see if price levels out or not. Obviously if price ends the week below 2.3 then we are still going down. I'm looking for a decent close around 2.5 or...

HEIKOTradingSystem Jan 30, 2023

So NG price gapped down from the Big Boys on the weekend, putting the price of NG to almost a 2 year low. Not good for people like me that wanna go LONG and make some money. Anyway, hold onto your shorts and keep waiting for the low...someone told me maybe 2.5 - looks like maybe they were correct :-) Anyway, I'm still waiting (isn't that a song?) - doesn't...

HEIKOTradingSystem Updated  Jan 26, 2023

As I mentioned in my post, 2 posts ago, I expect price to settle around 3. We had a little spike up in price but then it came right back down and now is under 3.2 So I will be watching closely to get in at 3.2, preferably lower if price goes lower. Every 100 points I will move my Buy Order lower to keep in step with the price lowering. Currently I'm in for a...

HEIKOTradingSystem Jan 23, 2023

Well, looks like the big boys gapped the price up from the weekend and away we go. Will price stay up this week or fall back down to the 3-3.2 level....good question. Colder weather? War? Trade safe and keep an eye on your trades...price action can change at any time. Heiko

HEIKOTradingSystem Jan 21, 2023

As you can see from the chart, somewhere between 2.8 and 3 is where the outside Linear Regression line is and that is where price will probably stabalize for the next while, until some force pushes price up....either weather, the War, Politics or some combination of all 3. Keep a close eye as 3 is a Support level. Weather is supposed to turn colder also,...

HEIKOTradingSystem Jan 16, 2023

So NG started this week off with a Gap Up, not huge but still up. Question is....will it stay up and gain or is it going to get back to the 3 mark. 3 would put it at the bottom of the Linnear Regression Indicator as you can see on the chart. I'm going to hold off on any trade until I'm sure price action is going to keep going up (as sure as I can be...

HEIKOTradingSystem Jan 16, 2023

So it's earnings season and it's not supposed to be showing too well, however, the S n P is showing signs of strength from last week and his risen tonight to over 4000 again. Hard to say but will some disappointing earnings numbers tank the 500 or will it keep going up to 4100 or 4200 before it drops back down to the 3800 area again. Something to watch...