"Technical Analysis Doesn't Work... TA Sucks", you say?

[SimpleMeLike]

I like the YET part.

Too bad we didn't all have to add a disclaimer.

I am a consistently profitable speculator.

Hello deaddog,

Almost there buddy. Still working on it.

Yes, if you do not have to add that disclaimer, good for you and good work.

I have to add it because I do not know my head from my ass yet for the ES. That woman owns my ass for now.

 

[Sekiyo]

What if we remove TA all together and ask ourselves a simple question?

Gas will never be free (0), so is it 2 the point where everyone thinks that is really cheap so it is a strong support for the whole market?

I think it is, from what you are posting.

Now, what are your TA lines doing?

Be careful. It’s not spot but future price.
CL went negative not long ago.

 

[Drawdown Addict]

Be careful. It’s not spot but future price.
CL went negative not long ago.

Good point, still those $2 seem to be a bottom for the whole market. Now is when I enter at 2 and it goes to -10 , I can see it happening to me

 

[Sekiyo]

Good point, still those $2 seem to be a bottom for the whole market. Now is when I enter at 2 and it goes to -10 , I can see it happening to me

View attachment 311401

if it closes the week above 2.197 then it's worth a shot.
Otherwise the dynamic stays bearish.
With a stop below 1.992.

First target is 3.027$

If NG breaks it then higher highs might be expected.
Maybe towards 9.45. Who knows ?

 

[KCalhoun]

Check out boil vs ng

 

[murray t turtle]

Be careful. It’s not spot but future price.
CL went negative not long ago.

%%
I NEVER worry about that\
but i seldom worry about anything.
I did note one of the best energy traders in US , T Boone Pickens \Pickens Plan to promote nat gas for cars , never really took off like it did in Argentina. I thought it would do much better than it did, in USa.
Happy birthday, they do flare nat gas like candles on a birthday cake

 

[countryBoy641]

Check out boil vs ng

If I wanted another position, I'd take BOIL ($NATGAS).
Not having a balance sheet can be a good place to be (upward pressure on interest rates, etc.)

 

[murray t turtle]

If I wanted another position, I'd take BOIL ($NATGAS).
Not having a balance sheet can be a good place to be (upward pressure on interest rates, etc.)

%%
I like BOIL+ enjoy warm/hot weather as i age
As far as tradin' BOIL\ i like stuff when it closed like BOIL did above $37.777 / 10 month moving average in 2020+ almost closed above $88.777, in later months.
But thats 20-20 hindsight+ it monthly closed around $81.777, then \ not quite $88.777LOL

 

[Handle123]

All I do is bottom fish and sell peaks, not all bottoms are low enough nor all peaks high enough. I been buying NG couple months/hedged, system will eventually find bottom.

Life is good

 

[murray t turtle]

All I do is bottom fish and sell peaks, not all bottoms are low enough nor all peaks high enough. ..... will eventually find bottom.

Life is good

%%
SAME here\ except collect some dividends+ trend follow more than bottom fish.
Seldom buy $2 0r 3 stuff , but i dont have a law against that\
And a lot of stuff like AMZN never hit that low level , but split adjusted it may wrongly seem like it. NOT a stock or $2 tip.....................................