took profits on HND ....
I trade based on the $natgas Gallery View
at www.stockcharts.com
daily chart ( EOD ) gave a "boxed" support number "4.72" for Tuesday
as a ( swing ) low last night ( with a doji candle stand-off)
and HND.to got a boxed "6.05" top
--about 24 hours delay and quite accurate
( although it ( the box) can be revised in 24 hrs )
Had planned to hold another week but I sold today ( Thurs).
So that's a one week hold From the HND last Thurs buy at 5.12
(position that I posted on Monday on HNU )
I sugggested a 1 to 3 week position on HND ( to mid July ) per the various seasonal charts
that gave a low for natgas as mid July last year and may repeat
- but I must exit on the boxed number
(HUmmm so NG slipped again after inventory report but we can watch the close
- that's trading )
Another modest N G run up for a few days or more ?( air conditioning)
and reconsider
and then an N G turn down into Sept with final overfilling
( but risking a hurricane bounce in Aug ( ocean warmest time ) )
...............
tip for a busy thread of traders
we do ourselves a favour when we consider hedging with t:VXX instead of z:VXX
Tracks ok and you don't get ripped off by the banks ( brokerages) on currency transactions
in RRSP ( tfsa 's ?)
z:VIX and now z:VXX have options too
Regards
U