Natural Gas - Are Prices Going Back Up!?
Analysis:
Bullish Confluences
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bullish Confluences
- Strong upwards trend
- Retest of a key support level
- Broadening ascending channel present
- Upwards trendline touch
- 3k long position decrease for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active:
Price has given us our entry criteria and our order has been filled. We are long expecting that prices will continue to rise.
Trade closed: target reached:
s3.tradingview.com/s...shots/7/7DRVADbT.png
Trade Closed
(+1.42R) Made
After Trade Comments:
Finally after a couple of weeks this trade has come to a close and in a profit! Now for most people this trade would of been a very emotional trade as things didn't start off well at all and we almost got stopped out, then things were looking good, then bad and then finally good again. This is why it's so important that as a trader you trust your strategy and let your edge playout. You need to have your emotions under control because there will be times like this when a trade messes around but that's all part of trading and if you want to make it as a trader you need to be able to handle trades like this. Not every trade will go straight to your take profit as nice as that would be but it's trades like this that really test your emotions and your trust for your strategy. If you stick to your plan and let your edge playout then in the long run this will benefit you massively. We can't stress this enough but know your strategy and trust it. Set and forget about your trades to help build up that emotional resilience and this will dramatically improve your trading. With that being said, onto the next!
Stay Safe - The JPI Team
Trade Closed
(+1.42R) Made
After Trade Comments:
Finally after a couple of weeks this trade has come to a close and in a profit! Now for most people this trade would of been a very emotional trade as things didn't start off well at all and we almost got stopped out, then things were looking good, then bad and then finally good again. This is why it's so important that as a trader you trust your strategy and let your edge playout. You need to have your emotions under control because there will be times like this when a trade messes around but that's all part of trading and if you want to make it as a trader you need to be able to handle trades like this. Not every trade will go straight to your take profit as nice as that would be but it's trades like this that really test your emotions and your trust for your strategy. If you stick to your plan and let your edge playout then in the long run this will benefit you massively. We can't stress this enough but know your strategy and trust it. Set and forget about your trades to help build up that emotional resilience and this will dramatically improve your trading. With that being said, onto the next!
Stay Safe - The JPI Team