Woke up a little later with the holiday here in Toronto. Anyway, was still able to catch a Sell order at 4.732 with my usual 20 point Take Profit, 4.712. It started at 7:45am with a big 20 point price movement down. My order was executed at 8am and my TP was hit by 8:30am. Could this FINALLY be the start of the big fall? I'm not sure.
I read a book by Larry Williams that was suggested here on Tradingview so I read it - Long Term Secrets to Short Term Trading - Great Book - Larry said you can make money doing what I'm doing every day, but I will never be a Millionaire - you have to be trading the Daily and Weekly charts. Sooooo, I'm starting to see if I can apply his methodology to Natural Gas seeing as Natural Gas hasn't traded this high since 2014. Seems like a good time to expect a decent short run. Not to mention Covid, the economy, the Elections this year in Canada and next year in the U.S.
I will keep you updated on my 'Shorting Natural Gas' Journey on a weekly basis. I will probably still do my 20 point TP daily thing, for some walking around money :-)
I read a book by Larry Williams that was suggested here on Tradingview so I read it - Long Term Secrets to Short Term Trading - Great Book - Larry said you can make money doing what I'm doing every day, but I will never be a Millionaire - you have to be trading the Daily and Weekly charts. Sooooo, I'm starting to see if I can apply his methodology to Natural Gas seeing as Natural Gas hasn't traded this high since 2014. Seems like a good time to expect a decent short run. Not to mention Covid, the economy, the Elections this year in Canada and next year in the U.S.
I will keep you updated on my 'Shorting Natural Gas' Journey on a weekly basis. I will probably still do my 20 point TP daily thing, for some walking around money :-)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.