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I'm so amazed at how premarket~&~ext-hrs trading are so different from regular hrs trading
best money I've made in /ng was buying premarket and selling the open
or buying the intraday bounce and waiting until ext-hrs trading to close
It's like 3 different crews running the show
re: previous post... scalpers heaven...
5min
AccDist ~retailers eating it up
OnBalanceVolume ~dumping every advance
Big$ creating ammunition for the push or...
boatloads of UGLD/DGLD just traded
alright then... see if it will retrace some...
back to +/-2.99?
3.044 that was impressive
looking for long
ugh
/ng traders are watching /cl saying where's our miraculous
/cl is pulling a rabbit out of it's hat
/ng yes a bounce over 3.34/.04 would impress me... I'd probably try to catch the next knife for a ride back to 3.121?
shakeout/bounce or fail trendline 4sure.
US can supply it but bottlenecks getting to terminals...
pipeline infrastructure?
# of terminals?
not yet?
Dec 2020 contracts going for 3 bucks
Dec 2025 contracts going for 3.44
Non the less at some point
it's going to put a whole new spin on storage and draws #'s in preparation of expansion
turning the continuously quoted...
storage is above or below historical 5 year moving average
... obsolete
Flow will be incredible compared to now... when the future comes.
2.88 basing or the old 2.55 foundation? Spot$ fell...
.06 @2.94 Friday https://www.investing.com/commodities/natural-gas-contracts
/ng traded as low as 2.935 during Sunday's open
What is wrong with Spot$ and why can't /ng climb .20 over it during a time it could easily?
I would have loved a spike to 3.14 for a short.
It'll be interesting to see if the new 2.88/.92 base /ng built on a cloud...
will replace the old 2.55 foundation.
If the cloud breaks it's +/-2.815 ~ 2.80 easy?
... easier to see on a weekly chart than a
4hr chart
maybe big$ will come back after the 4th with sunburns and say "it's hot"
as tempting as the 2.975 mark was... after seeing it pierced by 2thousand+ contracts trading in a 1 min span...
I watched it load,
but stuck with my decision to wait for Monday
It would have been worth spending a daytrade... but not my last daytrade with 2 more coming wednesday.
I knew it would run but I also knew the end result would not be... a setup.
Just no way it was going to close over 3.083 from there.
I have to say... it was a very impressive bounce.
It actually finished "ext-hrs" higher than premarket trading.
3 daytrades in a 5 day period rule sucks
So my job is to look for a mark that could possibly set me up for a
"hold to swing" trade.
I know right?!!... the 3 trades /5 day period forces you to put yourself in a position of it going against you overnight and they call this rule... protecting you.
Holding is part of what put me in this position... being stubborn against /ng was the other.
... I so wish I could scalp again
hmm 2+k /min volume pierces the 2.975 mark
see if it'll respond @the 2.975 mark? edit...
waiting for one of those 4k/min volume signals
5min OBV dumping all day... it tried to turn
trying to turn now
wondering if I wait for it to turn it'll be too late... off to the races
having a hard time believing long at the moment
-del the politics, injections, storage data... without ignoring coal...
and just look @ charts
The oil chart is so damaged would have to see something miraculous there
energy sector
looks like the changing of the guard
/ng 3.121 is a tough nut to crack
Last reported Spot$ -01 @3.00 /ng premarket low3.007 its the penny above Spot$ scalp
It might want to repeat that during regular hrs trading 3.010
Have you ever seen .20 over spot in one day... I have... many times
not saying it'll happen today but it's a sight to behold
all that ammunition could come into play squeezing out the shorts
but then again... what is spot doing today
84 today with a 49 low tonight... last weekend it broke above 100
ugh... was muggy
Re: huge ammunition or... edit
see previous post
a perfect example of regular hrs trading heavy sells as it trades down
Accumulation/Distribution retail investors
OnBalcanceVolume BIG$
retail investors are buying the summer run for sure
yes this is a 1min chart and BIG$ money could start pushing at any moment
But at the moment retail investors buying the summer rally look trapped?
...sometimes they get it right
ignore the red I just haven't -del it yet
3.121 historical resistance dates back to 4/4/17...EDIT...
drawing alert rang and /ng backed off
tough grind ahead if it's going up
well thats enough watching today... think I'll go visit my dad
L8r
efn efers... I know right?!! This might not mean anything...
/ng has recently been trying to shake every position out...
I watch it over break a line when it shouldn't be possible... and turn
... it blows me away
can see it in the volume/s
I have a REAL hard time reading light volume and /ng has been whooping it up and serving both sides of that through all this.
mid-trend "summer rally or no" is a tough read
i'd like to think it's just late... but i don't know enough about gas and the billions of dollars that drives it.
day trading with stops is the way to go
no premarket stops kinda sucks though
but then again /ng is a stop huntn rat
something I've noticed in this recent scalpers heaven...
light premarket buys on the rise
heavy regular-hrs sells on the falls
this is providing huge ammunition if they want to push it up
or it's marking a top
staying out of the way
living to trade next week
as it's toying with 3.083 again
I wish I knew back when... what I know now... I wouldn't be stuck in this 3 trades /5 day period bs mess I'm in
absolutely... the setups start historically. Fine tune it right down to the minute chart... watching it tick.
wow that's confident
yeap, nice turn, nice snag before the report...
I cant take that trade if I want a daytrade to start next week:
see it would be a daytrade for me and i'd be out before the report even if its continues trading up into the report.
I've learned some lessons. TY
as for... if I had held my long overnight.
I bought 14.54 sold @14.63
but if I had held... my manual premarket stop would have been to tap the trade ladder if the best ask flashes 14.55
based on my entry price and my "I refuse to lose" rule
so I need work on my stops and my rules
This is the tough one: "taking gains to play is safe" vs "converting a daytrade into an overnight hold for swing" rule... it's complicated
thanks for your help bud... I've learned much from you
yeah steering clear today... My short stopped out...
my after hrs long failed to launch enough for me to hold overnight
2 day trades for pocket change... smh
have 1 day trade left
was eyeballing 15min @3.11...but now? I don't know!...
would have been +/-d23.17
all I wanted was 3.083 for a scalp...just~livid
well jack yourself up there you stop huntn rat-bastard...
bad stop
bad stop
pffft stopped out @23.29 gottaBkiddnMe
in some D@23.20 see what the morning brings
yeah, 5min closing 10+k contracts.
oh man, I wake up to extreme... excessive... sheesh
tos will hang an Aug daily candle on the /ng chart today...
only about .03 contango in it but it's there.
Thats why /ngQ7 "august contract" capped out at that number I mentioned +/-3.083 resistance.
I'd like to see that again today... parabolic and drop 4hr candle.
and a red 4hr candle to follow.
spot$ unchanged today
3.08 is a dime over spot$
line in the sand, tight stop, if tripped, reset @3.10 easy
please go up so I can short into the report
you b a bz bee
I thought I had my hands full... she has her permit
Nice! 2huge 1min candle volume /ngQ7 Aug over 4k/min
a moment ago I was thinking yeah maybe I'll see those 4hr candle wick tops again
... and I watched it dump :-/
Nice snag!
anyway... hopefully expiration isn't a surprise
anything can happen
in a perfect world: /ng@+/-3.083 Aug@+/-3.101...
back down to test /ng 2.929 gap and or base of the cloud
one more time?
safe travels