-The MKT has a firm tone and as long as the integrity of the
previous session low remains intact, look for excuses to get long. On the SELL side UP FADE strategies are valid
but profit targets and risk management should be tight. REVERSAL strategies should be applied only at
the UP and +c after an exhaustive signal.
Use DP BREAKOUT strategies as a signal to FADE a positive reaction
against the DIR. Only until the MKT
breaks the positive structure are sell signals an opportunity.
-On the BUY side BREAKOUT, FADE and REVERSAL are recommended
as the MKT is bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a
reaction and the MKT is not following through to the downside, look to re-enter
using the recent squeeze low as a stop.
If the MKT breaks structure, de-leverage and be more selective as the
likelihood of a sideways trade is high.
Today's PRICE MAP Performance for NG
- Today in the NATURAL GAS future market, the R Level along with our Critical Range helped traders capitalize on the highest probability trade of the day. The market sold off sharply to our DP around 9:30 AM. With the R Level at the DP in a BULL TREND market, we know that this is our optimal level to get into the market on the long side. As it played out, the market respected the DP, allowing us to execute a BUY DP FADE strategy. The market rallied sharply and at 10:30 AM profits should have been realized at the upper end of our Critical Range, the Upside Pivot.
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