NG & Crude

I believe 343's will be the closing for today as it is 50% retracement for recent swing high/low and there may be a pullback till 356 tmrw before it falls again. IF fails to close above 343 levels then 329.7 and 312.2 are coming..This is only my view based on Fibo levels.

I believe you forgot that NG contract expiry tmrw. Do you really think a lower target of 312.2 is possible. I believe trmw will be heavy rangebound due to expiry.

As expected price is closing above 50% retracement so i believe tmrw it will test 356. Trading Range between 329 - 359 is expected for tmrw. Lets c what happens and yes I forgot that NG contract expiry tomorrow bcoz I never carry over any trades so not bothered much on expiry. Anyways thanks..

Trading Style 3:
Breakout method based on zigzag pattern formation
Buy: Low,High, Higher low and breakout above previous High - Candle Must close above EMA
Sell: High, Low, lower high and breakout below previous low.= Candle MUST close below EMA

SL for this strategy would be few points higher than the First low for buy and vice versa for low. I will post the screenshot tmrw. This pattern formation will not happen very soon on a day but it works with high wining ratio.

Agree 100% .. I was in huge green due to overnight position from friday holding long on March contract .. was waiting for the gap to be filled and in a jiffy NG crashed.

I resolved not to think about fundamentals, wether, EIA etc and focus only on charts and price action ... BUT went wayward and checked the polar vortex and those stuff and hoped that the downfall is just profit booking and the trend will resume...

now i'm in red.

Moral: TREND and TA / PA Always wins!


Follow the charts .. forget fundamentals.

Sorry for the double post .. i'm going to learn MT4 just so that i can follow your system .. can you suggest me a data vendor? Sorry for taking the thread off-topic.

Nice one

Is MT4 available for NSE/BSE/MCX/Commodities from Indian Markets?

Shawn,

Yes I too recognised the same that Fundamentals will not work in most of the cases as far as NG and Crude are concerned. Ever since I started using this system I learned about MM's whom really driving the market. If you read in deep about this system in FF the creator of this system is challenging the MM's in Forex market. I found this very helpful in Crude and NG which is also heavily operated by MM's. The reality is that this system shows off where MM's loading shorts and longs.

You can get MT4 charting softwares free as well as paid. I would advise you can use free until you get clarity and go for paid if you really like.

Free Vendors are only $ traded and they are free lifetime.
GCI -
T24 - This has all Global index as well

Demo Vendors
GLScharts (At present they offer for free but soon may ask money)
Firstcharting (two days)
Alphametrics
SLcharting (one or two days)... etc

Paid Vendors
All the above demo vendors except GLS. I use FC as I feel its giving much better speed and most of the time it never misses a tick.

I might have missed some vendors because I posted what i fee is better to try. You can easily get demo from every vendors and run a whole week or even more to test the Speed in which it works.

Yes pls see the above post it is available only for charting purposes and not for RT trading in Indian Exchanges.