NG & Crude

[ShawnMedia]

Was short from evening today .. still holding to wait till the dust settles .. MMs are playing games ..

 

[zabeen2004]

275 is a crucial trenchanger lvl for NG and I feel it shud hold and we shud get a bounce back abv 300+ lvls..

Welcome Deepak to my thread..

 

[zabeen2004]

Zabeen, Shawn and others anything made in this inventory... I just made 1.5 rs and that too with heavy heartbeats so relaxing for sometime now let them get settled... As shawn mentioned MM's are playing and intraday players need to stay away or exit with 1 or 2 points that's it no big moves...

 

[ShawnMedia]

Welcome Deepak to my thread..

Deepak the NG Expert! :clap:

 

[zabeen2004]

283,4 is the 23% retracement point from its fall that is why it is testing and falling. It has already tested and fell for the third time...Looks like its just going swing in this inventory.

...

I will stay away from this inventory if it is confusing for the next few mins as well.

As you mentioned it happened brother.. as chart never lies.....I too did not make anything as unable to book the quick fall and rise...despite 4 points for my short trade...

 

[deepakkukrety]

Deepak the NG Expert! :clap:

No ways m expert or nything... its been tough trading commodities in last few sessions.. My busy schedule is also not helping my cause.... :-(

 

[zabeen2004]

Look at this charts guys.... Everybody went to sellers at 8 and at 8.01 everybody went to buyers. Finally bull won.. the race till now.. Hope the chart explains well...

That is the power of this trading system TTMT4. But the bull win is incomplete until it holds above 284

 

[zabeen2004]

Generally, Mar is late winter. and i think, its buy at dips for positional. my 2 cents.

Welcome Traderpro to my thread..

 

[PreSap]

Was short from evening today .. still holding to wait till the dust settles .. MMs are playing games ..

Hi Shawn,

What does MM stand for? Market Maker?
How were you sure that you should hold the short?... I can see that the levels have fallen now.

 

[zabeen2004]

Hi Shawn,

What does MM stand for? Market Maker?
How were you sure that you should hold the short?... I can see that the levels have fallen now.

MM's are defined in different terms like Market makers, Market movers, Market manipulators etc... They are off high importance than the operators. A positional trader will not participate in short swings so I believe he will hold his shorts till a trend change is confirmed....