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TFC Commodity Trading Forum

Natural Gass made a nice move down today!!

Not a trade I normally make, so i paper traded it. Sold@ 3.90, and got out @ 3.852

It is a bit of a risky trade because they don't always work out. Normally I use this set up as a warning to exit, or sit on the side, but the intrad day charts were active so I thought I'd try to catch the drop.

According to my method, when the price opens near (but still under) the upper bollinger band, and there is a sizable gap between the bottom of the price bar, and the 4 day moving average, it will likely correct down to the MA before going back up.

Generally it won't go up untill the next day, *if* it opens near to or at the 4 day MA (can't open below it).

Anyway, it's an obscure little set up I have been thinking about playing with lately. This is my first time trying to trade it.

Messages In This Thread

Natural Gass made a nice move down today!!
Re: Natural Gass made a nice move down today!!
Re: Natural Gass made a nice move down today!!