PRS LIVE TESTING #11/100 NATURAL GAS REVISITS $1.50 BY AUGUST
This a write up for my buddy FomoFutures who trades natural gas. His wife is hot and she already bought double life insurance policies. Again, I've said this many times before. It's not called widow maker for nothing.
PRS is batting over .800 right now, so definitely has some room to get this call wrong.
PRS is batting over .800 right now, so definitely has some room to get this call wrong.
הערה
Honest to God, my 3-day says there's no reason to suspect natural gas will not take a second drive to 1.37.הערה
It's just not quite bearish is enough, there's no true capitulation. What would be capitulation? Maybe $1.20, $1.17?הערה
But the call here is NOT FOR NEW LOW, for all intents and purposes and out of respect for many people who have fought the natural gas battle, PRS will only call 1.50 in late July or early August.הערה
I willl rarely say this in my live testing ideas, but:This idea is for the test. Don't trade it. It is because i
הערה
... I really don't like natural gas.הערה
FURTHER MORE. IF IT DOES MAKE IT TO 1.50, DO NOT GO LONG!! I'LL SAY IT RIGHT NOW THAT I WOULD ABSOLUTELY NOT GO LONG NATURAL GAS UNLESS I SEE 1.17. AND THEN I WOULD STILL NOT DO IT BECAUSE ONE DAY THAT HABIT WILL CRUSH YOU.
הערה
NG moved up a little over the weekend. It has 2-3 more days of gas in the tank before it gest rug pulled.הערה
Monday 1.86 A decent short. But 1.95 is better. Why? It's NG. There's no reason.הערה
הערה
If u like to tranche go four tranches. Lets say you trade size 1000, I would do: 100 200 300 400, roughly speaking. Tranche 1 now 1.89.הערה
Wednesday 6:26 AM Tranche 2 1.855
הערה
הערה
For what it's worth, we are up since short entries posted above. Live at 1.763.הערה
FRI 10:07 AM THIRD TRANCHE 1.829הערה
No tranche four bc its NG just in case of shenanigans. 7/14 today. This sucker expected to tank next two weeks.הערה
הערה
Tuesday 7/14 4.55 PM CTJust posted thatchart above. This may take 3 weeks to complete going down. HOLD THAT 4th tranche just in case it spikes to 1.83 again. If its worth a 4th entry I will post.
הערה
So 1.71 on Friday 7/17. Finally under where we started. But our 3 entries doing fantastic.הערה
All updates go here for part 2:
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.