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Oil and Natural Gas

  • #3,541
  • Apr 19, 2021 4:08pm Apr 19, 2021 4:08pm
NG went up 6¢ today with a low ATR that did not produce any good trades except the continuation from Friday that would have yield 4 ticks.
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  • #3,542
  • Apr 20, 2021 4:18pm Apr 20, 2021 4:18pm
Quoting Mavzo
{quote} Good day Hutch What is the best setup or a system to trade NG in your opinion and best time frame for a longer term trade setup ?
Sorry for the delay in responding Mavzo. In the past NG moved smoothly but now you get a good day then a few bad days so trading NG is now a waste of time because we need to be glued to the chart for a maximum of 2 trades a day. With the low ATR of 3.4 today there wasn't even a trade to be had. So, no matter what timeframe you used it wasn't worth your time or mine so I now rarely trade NG. The bottom line is that no matter the system we use it's not worth the effort. I will continue posting charts but as far as trading NG is concerned it's game over for me.
  • #3,543
  • Apr 20, 2021 4:21pm Apr 20, 2021 4:21pm
NG finished the day at the same price as yesterday but the ultra low ATR prevented trading.
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  • #3,544
  • Apr 21, 2021 5:35am Apr 21, 2021 5:35am
Quoting Hutch
{quote} Sorry for the delay in responding Mavzo. In the past NG moved smoothly but now you get a good day then a few bad days so trading NG is now a waste of time because we need to be glued to the chart for a maximum of 2 trades a day. With the low ATR of 3.4 today there wasn't even a trade to be had. So, no matter what timeframe you used it wasn't worth your time or mine so I now rarely trade NG. The bottom line is that no matter the system we use it's not worth the effort. I will continue posting charts but as far as trading NG is concerned it's...

Thank you for your Advice and input, really appreciate your charts and explanations.
"When you lose, you learn to Win" - Snr Me
  • #3,545
  • Apr 21, 2021 4:26pm Apr 21, 2021 4:26pm
NG went down 3¢ today with a low ATR that did not produce any trade.
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  • #3,546
  • Apr 22, 2021 4:17pm Apr 22, 2021 4:17pm
NG went up 6¢ today with a very high ATR that produced a nice long trade of 7 ticks and an average short trade.
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  • #3,547
  • Apr 23, 2021 4:10pm Apr 23, 2021 4:10pm
NG went down 3¢ today with an average ATR that produced no trade. The continuation trade from yesterday would have produced 4 ticks.
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  • #3,548
  • Apr 26, 2021 4:06pm Apr 26, 2021 4:06pm
NG went up 8¢ today with a high ATR that produced a nice 7 ticks trade. The last arrow is most likely a repainter because the FxBay MACD is still positive.
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  • #3,549
  • Apr 27, 2021 4:07pm Apr 27, 2021 4:07pm
NG went up 6¢ today with an average ATR that produced no new trade except if the continuation trade from yesterday is counted for 5 ticks.
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  • #3,550
  • Apr 28, 2021 4:10pm Apr 28, 2021 4:10pm
NG went up 3¢ today with an average ATR that produced only a small short trade.
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  • #3,551
  • Apr 29, 2021 4:14pm Apr 29, 2021 4:14pm
NG went down 6¢ today with an average ATR that didn't produce a trade except if you count the continuation trade from yesterday that would have produced 7 ticks although it looks like that the down trend will continue.
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  • #3,552
  • Apr 30, 2021 4:13pm Apr 30, 2021 4:13pm
NG went up 4¢ today with an average ATR that produced 1 lousy short trade.
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  • #3,553
  • May 3, 2021 4:11pm May 3, 2021 4:11pm
NG went up 2¢ today with an average ATR that produced a short and a long trade of 2 ticks each not counting the signal given by the last arrow.
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  • #3,554
  • May 4, 2021 4:07pm May 4, 2021 4:07pm
NG went up 2¢ today with an average ATR that produced a short trade of 2 ticks and a long trade of 1 tick.
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  • #3,555
  • May 5, 2021 4:10pm May 5, 2021 4:10pm
NG went down 3¢ today with an average ATR that produced 2 short trades totalling 3 ticks and a long trade of 1 tick.
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  • #3,556
  • May 6, 2021 4:13pm May 6, 2021 4:13pm
NG went down 1¢ today with a lower than average ATR that produced 1 short trades totalling 3 ticks and a long trade of 1 tick.
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  • #3,557
  • May 7, 2021 4:13pm May 7, 2021 4:13pm
NG went up 4¢ today with an average ATR that produced 1 long trade totalling 3 ticks - 4 for traders that exit on the opposite candle.
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  • #3,558
  • May 10, 2021 4:13pm May 10, 2021 4:13pm
NG went down 4¢ today with an average ATR that didn't produce a trade unless you count the continuation trade from Friday that would have produced 4 or 5 ticks depending how a trader handles trades.
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  • #3,559
  • May 11, 2021 4:11pm May 11, 2021 4:11pm
NG went up 2¢ today with an average ATR that produced a winning trade of 3 ticks.
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  • #3,560
  • May 12, 2021 4:14pm May 12, 2021 4:14pm
NG went up 4¢ today with an average ATR that didn't produce any trade except that the continuation trade from yesterday would have produced 6 ticks but the uptrend will likely continue since the FxBay MACD is still positive.
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