6 PM STRATEGY ON NATURAL GAS
Time of trade - Everyday after 6pm candle i.e 6.30 pm
You can wait until 9.pm candle i.e 9.30 pm to see if the set up exists. Strictly no trade after 9.30 pm
Time frame - 30 mins
Should you follow any trend?
No. In this strategy you won't be following any trend just buy/sell when the setup gives you the opportunity.
Trade Setup
Buy - if you get a green candle making higher high and higher low than the previous candle. If the 6pm candle makes higher high and higher low than the 5.30pm candle you can buy above that 6pm candle and put a stop loss below the previous candle i.e the 5.30 pm candle.
Sell - if you get a red candle making lower high and lower low than the previous candle. If the 6pm candle makes lower high and lower low than the 5.30pm candle then you can sell below the 6pm candle and put a stop loss above the previous candle i.e 5.30 pm candle.
Note: Always put a filter of .20 points on natural gas whether you buy or sell that day. If you plan to buy at the high of the candle which is suppose 158.40 then
don't buy exactly at 158.40 instead buy at 158.60 and place the order as stoploss buy order so that the order is placed only if the price reaches 158.70
Suppose your buy opportunity fails at 6pm and while you wait for another buy opportunity, if you are getting a selling opportunity then don't hesitate to sell. You are not looking for any trends in this strategy if you get buy you buy and if you get sell you sell.
This is a very simple strategy. Please let me know if you have any doubts.
Good luck