HEIKOTradingSystem

HEIKOTradingSystem

I'm a little late for this trade, but I feel it's not too too late. THis is the classic setup - you can see the recent high was 21 and the recent low is 19. Then price action bounced back up to hit 20 - the midway mark - If I had looked at this chart yesterday, I would have put a Sell Order in at 20 and I'd be in good shape already. Anyway, I put in a Sell...

HEIKOTradingSystem

In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week. Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into...

HEIKOTradingSystem

Happy New Year all - time to make a shitload of money this year!! ok - post first - NG rose today for the first time in weeks, so NG is settling around the 4 mark. Will it go lower?? Possibly, probably. Warm weather is in sight with no let up in sight for the next 2 weeks minimum. I'm not doing anything until the storage report tomorrow - lord knows price...

HEIKOTradingSystem

So NG is tanking hard...question of course is how low will it tank? I will be watching for a bottom and then put in a Buy Order seeing that it's still winter, price 'should' go up some at least, but you never know. We have had stranger winters where price just keeps coming down. I'm not sure if we are looking at a time where it will drop all the way back to the...

HEIKOTradingSystem

So there was some consolidating around 5.4 so I put a Buy Order in and so far so good. I'll probably get out of it by close on Friday as Monday temps are back to warmer temps so I don't want to get burned by a huge dip when the markets open again on Sun night. Did anyone else put their Buy order in? Or am I the only crazy one :-) Heiko

HEIKOTradingSystem

Price is continuing to drop even though the temperature this week across the U.S. especially into Christmas is going to be damn cold!! So the question is...will price drop all the way down to 5?? or should we get in now at around 5.4? Both are areas of Support, and this cold is going to send demand through the roof, but when? Will price keep going down until...

HEIKOTradingSystem

SO obviously my last call was horrible--I exited my position with a small loss. The outside of the Linnear Regression Indicator is around the 5 mark so I'm thinking price action might drop to around there. I will wait for clear signs of a turnaround, then I'll put in my Buy Order. I can't believe the price, I mean this is winter!! Anyway, sometimes there is no...

HEIKOTradingSystem

I put in a Buy Order at 6.6. Not sure what's going to happen tomorrow being the end of the week. What I do know is Europe is having colder than normal temps for this time of year and Germany just released that their supplies for NG have dwindled faster than expected for this time of year; hence, price for European NG could go up shortly. Also, the Dec Contract...

HEIKOTradingSystem

a 700 point Gap Up??? SERIOUS?? I am sooooooooooooooooo pissed off - I can't believe I missed this buying opportunity last week - like I told you all in my last post last week, I missed the buying opportunity, I screwed up....but then for fate to rub it in my face with a 700 point gap up over the weekend???? CRUEL!! Totally Cruel. Anyway, now that NG has gone...

HEIKOTradingSystem

So how many of you missed getting in on the long trade this week? I DID!! Piss me off - I was expecting price to get to the late Oct low of around 5 - I actually had my Buy order in at 5 and as we all know, it never got that low. So I was without a trade this week. Now it's back up to 6 so I missed an 800 pt profit - oh well - at least I didn't lose any...

HEIKOTradingSystem

In my last post last week, I gave several reasons as to NG declining in price. I said that it would probably get down to 6, maybe lower. It opened tonight in a Gap Down situation and now sits around 5.8 - crazy low. What will it do this week? Good question... I'm thinking it could get as low as 5.2, maybe touching 5 in a low 'rubber band' touch one day this...

HEIKOTradingSystem Updated 

As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6. 1 - late last week both European AND UK NG price dropped 2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S. 3 - China is in...

HEIKOTradingSystem

FINALLY!! lol My original trade from like 2 months ago which was a Buy Order at 7 I finally closed this morning at 7.3 for an ok 300 point profit. As you can see from the chart, I have no more open trades. I'm going to stay on the sidelines as this week is a short trading week because of the American Thanksgiving. Between now and Sun night?!?!? Who knows...

HEIKOTradingSystem

I still have my stubborn original trade sitting at 7...but I made a nice 900 point profit overnight as my 5.6 Buy Order hit 6.4 - NICE :-) So is there going to be another pullback now? Not sure...weather is still looking cold, but the storage report later today will probably show no change, not very much change so price might go down some. If there IS a...

HEIKOTradingSystem

NG has dropped a hell of a lot this week already, not sure how much more it can drop. I'm looking at Friday to get into a Long trade...if not then Sun night or Mon morning next week. Why? COLD WEATHER!! It's coming...damn cold weather across the U.S. Friday starts cold weather here in Toronto...in Alberta we already have snow on the ground. And next week in...

HEIKOTradingSystem

What a beautiful open last night for NG - It had a massive Gap Up where in my last post to you I said I was looking for another 700 pt profit closing at 6.7. Because of the Gap Up I was able to close my Buy Order at 7. Buy at 6 and close at 7 is a 1000 point profit - NICE :-) Last up is my first Buy Order from about a month ago at 7. I'm looking again for a...

HEIKOTradingSystem

NG is going back up my friends - as you saw last week I profited from 2 of my 4 trades at 700pts each - NICE! This week I'm hoping for price to close out above 7. My trade at 6 I'm looking for taking my profits at 6.7 for another 700 pt profit. Then I will only have my last original Buy Order at 7. Stay safe and have a great week. Heiko

HEIKOTradingSystem

This week is a good week!! Last night I closed out my 5.5 Buy Order for another 700 point profit (officially 695 point profit) to close at 6.2 (officially 6.195). Next up is my Buy Order at 6 which currently is in profit territory. The storage report is today so we shall see what happens. I might get out of my position with a small profit. Not sure. Then...