Jump to content

Have you got gas?


dmedin

Recommended Posts

Well Josephine, we appear to have completely emptied our bowels before promptly accumulating gas again (a V-shape type bouncy-bouncy), but I didn't go long as it would have involved putting the stop below the last swing low which would have been too big of a risk in absolute terms to my account.  So Tamsin, let us now wait for a dip before getting parpy bottoms once again.  💨

 

Natural Gas_20200901_02.02.png

Edited by dmedin
Link to comment

I am a complete newbie to this game and would like to ask-can anyone tell me why IG nat gas price tallies with other cfd providers at rollover and then does not track the spot price? The current IG price is 2488 and the current spot price is 1988. At rollover 23/08/2020 it aligned, give or take a few points and then progressively went to 50 points above, 100 points above, 150 points abopve, 200 points above and so on until we are now 500 points above spot price i am confused and really should not be considering i am trading it. feels like a stupid question with a simple answer but i really would like to know rather than keep silent. i have used the IG charts to chart what i think is going to work for me and made the mistake of having an IG account and another providers account and then using the excellent IG charts to trade on that other platform. i am trying to understand why the difference so that i can understand better going forward.

Link to comment
Guest hayeksbane

Answering my own question i was charting off a spot chart and interpreting that data onto a futures contract....major newbie mistake do not do what i did. First lesson for me is trade the charts i am using to inform my decision making. second lesson, do not use spot charts to trade futures- i feel like a right numpty.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • image.png

  • Posts

    • Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ARISTOCRAT LEISURE LIMITED - ALL. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher. ASX: ARISTOCRAT LEISURE LIMITED - ALL 1D Chart (Semilog Scale) Tradinglounge Analysis Function: Major trend (Minor degree, grey)  Mode: Motive  Structure: Impulse  Position: Wave (v)-orange of Wave ((v))-navy   Details: Wave (iv)-orange probably ended closest to the 56.04 low and wave (v)-orange is unfolding to push higher, targeting the 61.49 – 65.00 level while price must remain above the 56.04 low to maintain this view. Invalidation point: 55.06 ASX: ARISTOCRAT LEISURE LIMITED - ALL 4-Hour Chart Analysis Function: Major trend (Minuette degree, orange)  Mode: Motive  Structure: Impulse  Position: Wave (v)-orange of Wave ((v))-navy  Details: I look closer and see Wave (iv)-orange of wave ((v))-navy appears to have ended at the low of 56.04 and wave (v)-orange is unfolding to push higher, targeting the high of 61.49 – 65.00.  Invalidation point: 56.04 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: ARISTOCRAT LEISURE LIMITED - ALL aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) Source : Tradinglounge.com get trial here! #ASX #Stock #ALL #ElliottWave #TradingLounge #ASX200 #ASXStocks  
    • Elliott Wave Analysis TradingLounge Daily Chart, Binance/ U.S. dollar(BNBUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave (2) Wave Cancel invalid level:  Details: Wave (2) is likely to end and the price is re-entering the uptrend. Binance/ U.S. dollar(BNBUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and the price is likely to test the 913 level. The price action remains in an uptrend, looking for a re-entry into the trend. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Binance/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave 2 Wave Cancel invalid level:  Details: The decline of wave Y is likely to end and the price is re-entering the uptrend. Binance/ U.S. dollar(BNBUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and the price is likely to test the 913 level. The price action remains in an uptrend, and we are looking for a re-entry into the trend. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • Market Outlook: It appears that the recent correction in the SP500, NASDAQ 100, and leading tech stocks may be over. The bullish momentum from last Friday's close is likely to continue into Monday, signaling a potential "risk-on" environment. Meta (META) is leading this rally, while Nvidia (NVDA) is showing a clear Impulse Wave off its recent low. Aside from Microsoft (MSFT), most stocks appear ready for upward trades, with our long position on Netflix (NFLX) already triggered. Bitcoin (BTC) may also have found its Wave 2 low, suggesting that long opportunities in cryptocurrency are emerging, which will be covered in our upcoming session video. Video Chapters 00:00 NASDAQ 100 (NDX). SP500 (SPX). 08:21 Apple (AAPL) 09:37 Amazon (AMZN) 10:22 NVIDIA (NVDA) 11:25 Meta Platforms (META) 15:54 Netflix (NFLX)  16:43 Alphabet (GOOGL) 18:03 Microsoft MSFT 19:08 Tesla (TSLA) 20:55 Bitcoin 23:10 End Analyst Peter Mathers TradingLounge™  Source: tradinglounge  
×
×
  • Create New...
us