NG oscillating trend review

Original link: https://muyexi.im/ngzhen-dang-zou-shi-fu-pan/

In mid-July, when NG breaks through the bottom neckline and steps back, go long.

breakthrough

After oscillating for a month, the price finally broke through the handle of the cup on August 9, stimulated by the news.

NATGAS_2023-08-28_23-11-26_5b4cf

fall back

The price immediately fell back the next day. This was an obviously abnormal trend, and the position should be closed, but because it was a huge bottom pattern, I planned to continue to observe.

NATGAS_2023-08-28_22-51-44_cc611

However, the failed breakout was followed by a smooth decline. Since the position was increased many times before and after the breakthrough, and there was no trailing stop loss, the position was heavy at this time and the floating loss was large, and if the price fell back to the bottom range, the position would be liquidated.

hit bottom

Fortunately, as the Jackson Hole annual meeting approached, NG quickly rebounded after hitting the bottom of the range, and the market bottomed out.

NATGAS_2023-08-28_22-50-06_61e21

think

  1. After increasing the position, the stop loss should be moved in time and the stop loss should be lowered.
  2. Seeing is believing, do what you see, don’t wishful thinking.

This article is transferred from: https://muyexi.im/ngzhen-dang-zou-shi-fu-pan/
This site is only for collection, and the copyright belongs to the original author.