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Trading Up - A must-watch live event for traders and investors.


ArvinIG

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Dear IG Community,

We are pleased to invite you to join us at 5:30pm AEDT (8.30am UK Time) on Tuesday 12th of October for Trading Up - a live virtual event designed to make you a better, more informed trader. Learn everything from global macro themes and FX to trading psychology from the industry’s best.

Plus, global keynotes from legendary traders. You won’t want to miss out.

Register here for FREE: https://www.bigmarker.com/ausbiz/TRADING-UP-Live-Virtual-Event

This event is open to everyone, once you register you will have access to the webinar on demand.

Please find the agenda below:

5:30pm

Global Keynote

Our world-renowned guest has traded through some of the most extraordinary global market events. They'll share how those events changed the way they think about trading, and delve into some specific strategies they’re using right now.

5:50pm

Why Macro Matters

How do Australia's best traders think about global themes and play the trade? We take two key impending policy decisions and walk through the potential outcomes, and flow-on effects to trades. Featuring Ilya Spivak from DailyFX and Kyle Rodda from IG, with Annette Beacher and Kara Ordway from ausbiz.

6:05pm

Run the Risk

Delve a little deeper into the key global political and systemic risks facing markets right now. A discussion with Lawrence McDonald from New York.

6:15pm

Off the Chain

The explosion in cryptocurrency trading is just one aspect of the blockchain revolution. What are the fundamentals of understanding blockchain technology, and getting direct exposure via coins or listed equities? What are the opportunities and how do you assess the risks? Our panel includes Steve Vallas, Nick Armstrong, Trent Barnes and Kevin Algeo.

6:40pm

Break

Join Nadine Blayney for a chat with IG Australia's CEO, Kevin Algeo. What are the key trends from IG's market-leading customer base?

7:10pm

Strategy Session

The Multiple Moving Average technique was made famous by Darryl Guppy. We’ll deep dive into how it works and where it’s appropriate to add to your strategy toolbox.

7:25pm

Options Masterclass

How to use options to mitigate risk in your trading, presented by one of the best in the business, Wai-Yee Chen from Acumen Investors.

7:40pm

Your Trading Brain

Understanding how psychology and emotions impact your trading is critical to achieving success, and avoiding failure. Nick Leeson shares three lessons he learned from the Barings scandal and Trader Performance Coach Mandi Rafsendjani answers your questions.

8:15pm

So, You Want to be a Day Trader?

Grab a drink, wind down for the evening and meet Justine Pollard from Smart Trading. We'll explore the myths and misconceptions of trading as a full time gig.

8.30pm

Close

Please feel free to share the following link https://www.bigmarker.com/ausbiz/TRADING-UP-Live-Virtual-Event with like-minded friends and family.

We hope to see you there!

All the best - Arvin

 

 

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      Natural Gas



      Mode - Impulsive 



      Structure - Impulse Wave 



      Position - Wave (iii) of 5



      Direction - Wave (iii) of 5 still in play



       



      Details:  Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse.



       



      Natural Gas is currently breaching the previous April low, marking a decisive move as the impulse initiated on 5th March continues its downward trajectory, further extending the overarching impulse wave sequence that commenced back in August 2022. This decline is anticipated to persist as long as the price remains below the critical resistance level of 2.012.



       



      Zooming in on the daily chart, we observe the medium-term impulse wave originating from August 2022, which is persisting in its downward trend after completing its 4th wave - delineated as primary wave 4 in blue (circled) - at 3.666 in October 2023. Presently, the 5th wave, identified as primary blue wave 5, is underway, manifesting as an impulse at the intermediate degree in red. It is envisaged that the price will breach the February 2024 low of 1.533 as wave 5 of (3) seeks culmination before an anticipated rebound in wave (4). This confluence of price movements underscores the bearish sentiment prevailing over Natural Gas in the medium term.



       



      Analyzing the H4 chart, we initiated the impulse wave count for wave (3) from the level of 2.012, which marks the termination point of wave 4. Notably, price action formed a 1-2-1-2 structure, with confirmation established at 1.65 and invalidation set at 2.012. The confirmation of our anticipated direction materialized as price breached the 1.65 mark, signifying a resumption of bearish momentum. Presently, there appears to be minimal resistance hindering the bears, thereby reinstating their dominance in the market. It is projected that wave iii of (iii) of 5 will manifest around 1.43, indicative of the potential for the wave 5 low to extend to 1.3 or even lower. This comprehensive analysis underscores the prevailing bearish outlook for Natural Gas in the immediate future.



       







       







       




      Technical Analyst : Sanmi Adeagbo
       
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