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GuTA

10/08/16 2:36 AM

#15864 RE: dude iligence #15863

Not really sure what's after the fact bs...

Enjoy the weekend

GuTA

10/08/16 12:38 PM

#15865 RE: dude iligence #15863

Not sure why you seem to take issue...

How's making a call for NG spike on 9/29 after the fact BS? Again.. I'm not trying to convince anyone to follow me on a trade.

Looking at the NG chart and I'm pretty surprised that such an experienced trader as yourself sees NG going higher the next 30 or so days. Purely looking at the chart I just don't see it. Just reached (but didn't break) top end of the range and there's plenty of overhead resistance right where NG pulled up on Friday. Pretty clear pivot area. The volume is also pretty telling. Big money selling to retail chasers... could we breakout above resistance on news , hurricane bs , etc? Sure, but from a chart perspective this is exactly the setup I like seeing to get short.. not long.

I'm 25% in D currently @ 4.81 average. Happy to let this week play out. We pivot and I'll add, we grind higher and I'll wait it out and likely add there. Even if I were to cut bait at DGAZ 2.88 it would only be about 10% loss of a full position. That's why I prefer legging into leveraged etfs. I also never end up holding a trade longer than 45 days and much less if it's not heading my direction. So decay is a non-issue.