Hello Traders,
have you shorted Natural Gas yesterday from the $10 level?
$10 is an important psycological level but I did not. Here my reasons.
1. Natural Gas is now a bubble, actual price is out of reality in terms of demand and offer.
2. Asset more speculative, higher risk and I had not any confortable resistance level above $10
3. I prefer to rely on my backtest and I have a strategy on the weekly released Natural Gas Storage in the US. The last released data was not clear to me and im waiting the next release
4. Never taking a falling knife, neither catching a speeding train. I need more confirmation
5. Last but not least. I'm not a large investor and I have not the money to buy the orders book, the Holy Grail of trading. I cannot rely only on a psychological $10 level because psychology is the most important enemy for traders.
I'm a shrimp. I'm trying to follow the shark not anticipating
have you shorted Natural Gas yesterday from the $10 level?
$10 is an important psycological level but I did not. Here my reasons.
1. Natural Gas is now a bubble, actual price is out of reality in terms of demand and offer.
2. Asset more speculative, higher risk and I had not any confortable resistance level above $10
3. I prefer to rely on my backtest and I have a strategy on the weekly released Natural Gas Storage in the US. The last released data was not clear to me and im waiting the next release
4. Never taking a falling knife, neither catching a speeding train. I need more confirmation
5. Last but not least. I'm not a large investor and I have not the money to buy the orders book, the Holy Grail of trading. I cannot rely only on a psychological $10 level because psychology is the most important enemy for traders.
I'm a shrimp. I'm trying to follow the shark not anticipating
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.