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Elliott Wave Trading

Natural Gas Commodity Trading Trade Idea

Commodities / Natural Gas Nov 23, 2012 - 07:12 AM GMT

By: David_Banister

Commodities

Recently we wrote about Natural Gas ETF UGAZ on the ATP Free Blog site as a sample of buying the dip or using the “cup with handle” dip buying for profits. Our November 11th article discussed waiting for a pullback to the 30-31 ranges on UGAZ and then going long for a reversal.


Within 48 hours the dip came into the buy range, and within a few days UGAZ ran to the $38 range for as much as a 24% reversal trade gain. Even now some 9 days later UGAZ trades around $36 per share for nice gains.

Research In Motion Trade Idea
Another sample we had for subscribers was on November 7th in RIMM stock. We advised waiting for a pullback from 9.15 ranges to the 8.50-8.70 ranges. When the pullback came this is what we sent to subscribers:
ATP Active Trade Alert

RIMM- 8.64 has fallen as projected in to the 8.50-8.75 swing entry buy ranges.

This is an active trade meaning 1-5 days likely and a stop should be placed at 4-6% below your entry and NO LOWER than 8.00 for aggressive partners who take the trade.

Now on November 20th, about two weeks later, RIMM is trading near $10.00 per share. The stock fell to 8.14 during the market correction which was above the $8.00 stop and above a 6% stop loss range from entry. Partners who remained long would now be sitting on gains of 14%.

Consider joining our Swing Trading service we call Active Trading Partners and get education, advice, and on-going daily updates. You will also receive our Market Trend Forecast service which covers Gold, Silver, and the SP 500 short and intermediate forecasts.

Dave Banister

CIO-Founder
Active Trading Partners, LLC
www.ActiveTradingPartners.com
TheMarketTrendForecast.com

Dave Banister is the Chief Investment Strategist and commentator for ActiveTradingPartners.com.  David has written numerous market forecast articles on various sites (MarketOracle.co.uk, 321Gold.com, Gold-Eagle.com, TheStreet.Com etc. ) that have proven to be extremely accurate at major junctures.

© 2012 Copyright Dave Banister- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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