Intraday Trend Alignment

Long Natural Gas

Big Picture

• MCX Energy Index is relatively stronger in comparison to MCX Comdex /Metals which implies energy products are outperforming other commodity products. Commodities in general bounced from their respective support areas and energy being relatively strong outperformed other commodities

• Daily 14 day volatility is greater than 20 day volatility average & 250 day weighted average which means the current environment has above average volatility and with ADX above 25

Intraday Fundamentals

• A winter storm will continue to move east today with heavy snow forecast from the Lower Great Lakes to New England and freezing rain for parts of the Northern Mid-Atlantic Coast to Southern New England

• CME Group Inc. raised margin requirements for trading the futures in NY (Even MCX in India raised margin) to the highest level in more than four years amid increased price volatility.

• Energy Information Administration report Feb. 6 may show that natural gas inventories slid by 267 billion cubic feet last week, according to the median of 10 analyst estimates compiled by Bloomberg. The five-year average decrease is 151 billion.

Technical Analysis

• We had multiple timeframe trend alignment (D/60M/5M/1M)

• 319.6 was a inflexion level overall , above which being long provided better risk/reward setups

• We made a new 52-week high

Trade Management

Limit Up

• I saw 100 lot offer at 338 which is a big quantity in our market

• I swept the offers with a stop at 336.2 but prices moved in my favor immediately

• I exited at 353.8

Intuition

• NO

Review

• I did a good job reading the tape • I followed my plan exactly • I remained calm and did not let my emotions guide me • 8.78 R-Multiple trade which by far has been my best trend intraday

trade ever • Opportunities to add to positions at 52 week highs , I could not add

as margin for NG has been raised and I was at full capacity • We should keep 60 min Swing trend trade core 5 min intraday

swing core – Trade2hold when multiple timeframe trend alignment occurs , 1 min scalp and momentum lot

• Overall I am satisfied with my performance today • Market conditions are 14day ATR > SMA 20/WMA 250 , ADX>25 , 52

week High , Multiple timeframe confluence • I CAN IMPROVE EVERYDAY