Comments on: /NG UNG Natural Gas Trade Idea 3-13-23

By: trade0039

trade0039 — Mon, 13 Mar 2023 15:04:38 +0000

Hello Randy,

I have an important question to ask to you and that is what do you think the outcome of the market will be (referring to SPY and QQQ) is FED Pauses the rate hike?

In previous rate hike cycle, i think when the FED paused the Rate Hike, the market rallied followed by a rapid decline.

Thanks.

By: trade0039

trade0039 — Mon, 13 Mar 2023 15:01:18 +0000

In reply to rsotc. Yes I tool Long on BOIL as soon as the market opened!

By: rsotc

rsotc — Mon, 13 Mar 2023 14:37:20 +0000

In reply to rsotc. ..oh yeah, unless you were referring to that previous short on UNG. Congrats if you took that one and/or best of luck if you're in this one.

By: rsotc

rsotc — Mon, 13 Mar 2023 14:35:29 +0000

In reply to trade0039. No, No, No!... Kiss of death; high-fiving a profitable trade before it is closed out. Kudos only after profits are booked, especially on the widow maker (nat gas). ;-)

By: trade0039

trade0039 — Mon, 13 Mar 2023 14:27:41 +0000

In reply to rsotc. GR8 Call!

By: rsotc

rsotc — Mon, 13 Mar 2023 14:11:35 +0000

The first 60m chart of UNG below is the Feb 28th short trade targeting a pullback to the 8.00 support. The updated chart shows how UNG reversed off the 2nd target from the previous (short) trade. The bottom of the T2 zone for this new long trade aligns with the 3.028 target on /NG with an additional target added to UNG (T3) with a comparable target to be added to /NG