Natural Gas Trading Strategy For intraday Traders - 15 Min. Chart

Natural Gas Trading Strategy For Intraday Traders

Hey There!

Are you an Intraday Trader of Natural Gas?

Today, in this blog I am going to share an easy strategy for Intraday, on 15 Min. Chart. 

For the best view and chart analysis, you can use the chart of 'Tradingview.com'.

First of all, you have to set a time frame of 15 min. on the candlestick chart.

Second, you have to apply the EMA(Exponential Moving Average) indicator on the chart. Next set the value of Length 15. 

That's All, Now you have to watch each candle closely. 

For Short (Sell Position) - If a candle is above and far from the EMA line and the next candle breaks the low of the previous 15-Min Candle and also closes below the previous candle low, you can short near the low of the previous candle. Your stop-loss should be the high of the previous candle and target 2-3 times of stop-loss. This strategy works well if the previous candle is an inverted hammer type (long upper wick, small body, and small lower wick). 

For Long (Buy Position) - If a candle is below and far from the EMA line and the next candle breaks the high of the previous 15-Min Candle and also closes above the previous candle high, you can long near the high of the previous candle. Your stop-loss should be the low of the previous candle and target 2-3 times of stop-loss. This strategy works well if the previous candle is a hammer type (long lower wick, small body, and small upper wick). 

The above strategy works very well most of the time but is not a guarantee for all the time. As a trader, you should be aware that no strategy or indicator works 100% all the time. Trading is a game of probability, and if you win 6-8 times out of the 10 times, you are a very good player.  

Now let's see this on the actual chart. Below are some charts of MCX Natural Gas. I have marked entry points, stop-loss, and targets on the chart. You should back-test this strategy by yourself before taking an actual position in the market.  

Disclaimer: The above strategy is only for knowledge purposes. Readers are advised to take any position at their own risk; as commodity trading is highly volatile and most risky. Any loss/profit made on the basis of the above analysis will be unclaimed.