NatGas: Oil bombing fear fomo

15 ก.ย. 2019

You must have heard about the 2 Aramco (they're doing an IPO soon btw...) sites drone bombing.
Interesting time for this to happen...
Unsurprisingly the market reacted strongly.
Pretty much every thing gapped.
Dozens of currency pairs... Oil is going to gap pretty sure.
And NatGas gapped.

It's probably (yet another) overreaction.

I was eager to short this before, but these news give me a great entry and RR.
I saw the price go way up, I get a very good RR here, but it was too fast for me to enter asap.
Set a limit order, let's see if I get filled.

The news might also ruin the trade...

The price is testing an important level here:


Well I'll update this later...

Going to look for other things too.

Every thing gapped!

15 ก.ย. 2019

การซื้อขายยังคงดำเนินอยู่

Well I am filled.

15 ก.ย. 2019

บันทึก

Lmao look at this:


A few gaps:





OHHHHHUJGUHJDUHJBDUHDUHJDUHJ

Oil prices jump 19% following attacks
bloomberg.com/news/articles/2019-09-15/oil-prices-jump-19-after-attack-cuts-saudi-arabian-supplies

A loss of what? 5% of total oil supply? Or 2%?
When the world runs out of oil how much will the price increase?

19% is so much...

In my USDCHF idea I was saying I don't like gaps.
19% lmao. Rekt. This is why.

15 ก.ย. 2019

บันทึก

Absolute REKTAGE.
Diversify.


I think that NatGas trade will go very well but had to be the fastest :D


The window was open for just a few minutes....
I am glad I go to bed late especially on Sunday.

16 ก.ย. 2019

บันทึก

Down...





Oil is ridiculous


The US president announced the release of a large Oil supply.
So now pretty much the reason for the increase in price is gone and logically the price should "reset".
He is releasing a supply big enough so every one is well supplied.

"Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied. I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States."

I didn't short Oil because it was too random and went up too much and not an interesting area, can't tell where it stops, and idk oil trading wasn't opened while the rest was. Maybe they halted it or something.

16 ก.ย. 2019

บันทึก

There is still hope.

17 ก.ย. 2019

บันทึก

"Biggest leap since the gulf war"

It's actually worse, the average true range is twice as small now.

Check what happened a few days later thought...

19 ก.ย. 2019

บันทึก

What a dump!

It must be around 4 times my risk, I start being interested in watching it might go down more really fast, got some alerts.
SL can be moved above the previous swing high.

19 ก.ย. 2019

บันทึก

Starting to feel pretty good...

Almost at 5 times risk, and at that little swing low, which is not a very important level.

19 ก.ย. 2019

บันทึก

Who knows what could happen over the next week end?

20 ก.ย. 2019

บันทึก

I want to sleep, can't babysit this 247.
Moved my SL to about 3 times my risk I think,
And I got a limit close if the price drops to previous swing low.

20 ก.ย. 2019

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

I'd have liked to stay in longer but it's over for me, target reached while I was sleeping. It's fine.

8 ต.ค. 2019

บันทึก

Has gone a long way since my last update.
A shame I got out "early", but what can you do?



I expect a wave 5 but I don't really know where 4 will end, somewhere around 2.4-2.45 if I had to make a call, and no idea where 5 would end...



Nothing I can predict, so I wait till it starts a new trend or breaks year lows...

8 ม.ค. 2020

บันทึก

Trump addresses US nation after Iran attacks US military facilities in Iraq in 70 minutes 11 a.m. ET.