NG & Crude

Hello To ALL,

I have been reading this forum since long back but just now became the registered member.

I am here to share the views of the advanced volume analysis Free indicator for Mt4. Anyone interested in Energy stocks can join me and post their views but pls with technical/fundamental/logical reasons.

Warning: Dealing in Energy stocks is of high risk as it has the potential to dry your energy completely so be cautious.

I am going to use the MT4 platform with Sonic R system set of indicators available at http://www.forexfactory.com/showthread.php?p=6707275#post6707275. The credit of this system goes to the original creators SONIC and PROF TAH. I have been using this system and it took several months to understand the basic on how to use. Every system has its own advantages and disadvantages so keep that in mind.

Anyone interested in building up this system for a better performance can join and post your screenshots here for any questions. I will answer as and when time permits on how to effectively use this system. This system is suitable for scalper, day trader and positional traders. This system has three different trading setups which i will explain soon.

Again any MT4 user can join me with this set of indicators and i will teach my best on how to perform well in this market using this system. Come on traders lets build a smarter system without expecting fundamental reasons for everything......

Thanks

Technical Trader MT4.

NG chart for today 1 minute..

Starting up with basics in Sonic R system.

Please keep in mind that this system is mostly based on volume analysis and infact we need to accept that none of the datavendors provide accurate volume but still this system is capable of catching accuracy above 50%.
In the above screenshot candles are in different colors like Red, blue, Violet and Green.

RED: Heavy volume selling and this is more powerful when stocks hitting new highs.
Green: Heavy volume buying and this is more powerful when stocks hitting new lows.
Violet and Blue: Getting ready for a fall or rise.

PLEASE KEEP IN MIND THAT YOU NEED TO CONCENTRATE ON CANDLESTICK PATTERNS for more accuracy.

None of the indicator REPAINT but you need to wait until Candleclose.

I am posting my RT experience and not a good teacher so bare with me. I will defintely respond to any questions if anybody has....

Features:
This system has by default inbuilt news alert indicator which alerts few mins before high/low impact news releases from FF.
This system has inbuilt indicators which draws Pivot, Support/Resistance and Daily Range, This system also has EMA, Trendline, volume coloured candles with alert and lots of inbuilt fibolgic.

Trading Style 1: Scalp

Wait for the right opportunity to sell on high when stock hits new highs with short SL and targeting two or more times profit.
Example as per screenshot of NG: Look closely on the Top of chart in middle where it says RDH price tested high 392 with heavy selling pressure RED CANDLE on TOP. As soon as the candle close you need to initiate selling possibliy at 391+ with SL of 392.5 tgting near any S/R line or Fibo. In the chart nearest line is MR3 which is 386.6

In this style of trading you will not need to wait the whole day for a trade you will get the result P/L within a maximum of 15-30 mins. You must try this step only when market moves especially after 6 PM or US open in NG or Crude which gives high wining ratio.

This type of trade matches the BLSH concept. It also matches " cut your losses quickly and let your profits grow.

Outlook based on news is Bearish for Stocks and metals, and very Bullish for NG & Crude.

Excerpt

http://www.bloomberg.com/news/2014-...amid-g-20-pledge-gold-to-gas-oil-climbed.html

Chinese shares tumbled on reports of property-lending curbs, metals fell and the won dropped against all major peers. Natural gas climbed to its highest price in five years and oil rallied as forecasts for frigid weather in the U.S. bolstered the outlook for energy demand.

Gauges of Chinese shares in the mainland and Hong Kong tumbled more than 1.9 percent at 11:17 a.m. in Tokyo amid reports that some banks restricted lending to developers and related sectors. The MSCI Asia Pacific Index erased gains to fall 0.2 percent and Standard & Poor’s 500 Index (SPX) futures were little changed. Copper slid the most in a month and silver declined 0.9 percent. Gas futures rose to $6.41 per million British thermal units, headed to the highest close since December 2008, as the U.S. weather service forecast another arctic blast this week. South Korea’s won touched a 2 1/2-week low against the dollar.

Shanghai -2.25%
Nikkei +0.03%

NG +2.50%
Crude 0.28

Copper -1.35%

Gold & Silver also trading -ve.

Crude oil Daily Chart and Views.
As per fibo retracement i believe crude is finding hard to test 6455(38.2%). IF it crosses this levels and close above that will have free upside till 6710 but a close below its short sell on every rally.

NG Chart.
The screenshot below gives similar example as the one I posted earlier. RED CANDLE WITH NEW HIGH. Selling pressure...

Time to create shorts in NG?

Hi sorry if i sound naive .. is there any equivalent system for Amibroker in the form of AFL?

Yes but only for a few points ... ng swings are so wild these days . I've lost so much of my capital (read SO much) over the last few weeks.