Tuesday, December 4, 2012

UNG Position

In fact, I think I may add a bit of UNG here (equity long), here's why...

 If this is a sharper reversal, then this area is close to the bottom of the reversal process, also a head fake reversal is a bit sharper than a normal pullback reversal.


 5 min chart

 10 min

15 min

I'm not making a huge commitment here and the risk management (total size and possible add to positions later) is figured first.

I don't think it's much of a risk here.

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