Hello deaddog, Almost there buddy. Still working on it. Yes, if you do not have to add that disclaimer, good for you and good work. I have to add it because I do not know my head from my ass yet for the ES. That woman owns my ass for now.
Good point, still those $2 seem to be a bottom for the whole market. Now is when I enter at 2 and it goes to -10 , I can see it happening to me
if it closes the week above 2.197 then it's worth a shot. Otherwise the dynamic stays bearish. With a stop below 1.992. First target is 3.027$ If NG breaks it then higher highs might be expected. Maybe towards 9.45. Who knows ?
%% I NEVER worry about that\ but i seldom worry about anything. I did note one of the best energy traders in US , T Boone Pickens \Pickens Plan to promote nat gas for cars , never really took off like it did in Argentina. I thought it would do much better than it did, in USa. Happy birthday, they do flare nat gas like candles on a birthday cake
If I wanted another position, I'd take BOIL ($NATGAS). Not having a balance sheet can be a good place to be (upward pressure on interest rates, etc.)
%% I like BOIL+ enjoy warm/hot weather as i age As far as tradin' BOIL\ i like stuff when it closed like BOIL did above $37.777 / 10 month moving average in 2020+ almost closed above $88.777, in later months. But thats 20-20 hindsight+ it monthly closed around $81.777, then \ not quite $88.777LOL
All I do is bottom fish and sell peaks, not all bottoms are low enough nor all peaks high enough. I been buying NG couple months/hedged, system will eventually find bottom. Life is good
%% SAME here\ except collect some dividends+ trend follow more than bottom fish. Seldom buy $2 0r 3 stuff , but i dont have a law against that\ And a lot of stuff like AMZN never hit that low level , but split adjusted it may wrongly seem like it. NOT a stock or $2 tip.....................................