NATGAS
As can be seen within the chart above, NATGAS looks almost ready to start declining strongly.
Learning Point
The importance of following the market opening and closing everyday in order to keep a track of long-term trading opportunities.
As a result of following the markets every single day for the last week or so I feel like I am back in my trading groove again, and have actually levelled up because I now update myself consistently with how the markets have closed, enabling me to plot my move for the next day.
In this respect, it is important that I continue to go through a trading watchlist everyday without fail if I am serious about being a pro trader (I am extremely serious about it: it actually my current mission).
My current inter-market trading watchlist is:
- DXY / UUP
- BTC / COIN
- USOIL / XOP
- NATGAS / UNG
- US10Y / TLT
- JETS / LUV
Next Action
- Continue to monitor the market opening and closing everyday.
- Continue to focus on trading the weekly timeframe in order to persist with ignoring the market news and short-term price fluctuations.
