Today's MARKET STATE NATURAL GAS **BULL TREND ACCELERATION**
- Technically the MKT has produced a big positive signal. On the SELL side REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. Avoid SELL UP FADE strategies even with confirmation. SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session’s low point. UP BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure. BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.
Today's PRICE MAP Performance for NG
Wrap Up
Today was a "money day" in the NATURAL GAS futures market. The MC Value of +5 produces a BULL TREND ACCELERATION market state. Coming into the session, our expectation is for the market to build positive structure throughout the session making higher move highs and higher move lows if the market is going to perform to expectations. In a TRENDING market environment, our optimal MARKET TACTIC is the MA crossover signal that generated the "BUY" confirmation. Also, notice how the MA "band" acts as support for the advance. At 8:00 am CT the market gave us a BUY UP BREAKOUT opportunity allowing JS Traders to get long the market on the breakout. The market maintained positive structure throughout the entire session, surpassing our profit target at the UT2 before finally running into resistance at the UT3. This was a huge day for our traders in the NATURAL GAS market and it was all made possible by three things: MARKET STATE, STRUCTURE and STRATEGY.
Today was a "money day" in the NATURAL GAS futures market. The MC Value of +5 produces a BULL TREND ACCELERATION market state. Coming into the session, our expectation is for the market to build positive structure throughout the session making higher move highs and higher move lows if the market is going to perform to expectations. In a TRENDING market environment, our optimal MARKET TACTIC is the MA crossover signal that generated the "BUY" confirmation. Also, notice how the MA "band" acts as support for the advance. At 8:00 am CT the market gave us a BUY UP BREAKOUT opportunity allowing JS Traders to get long the market on the breakout. The market maintained positive structure throughout the entire session, surpassing our profit target at the UT2 before finally running into resistance at the UT3. This was a huge day for our traders in the NATURAL GAS market and it was all made possible by three things: MARKET STATE, STRUCTURE and STRATEGY.
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