Subscribers keen on harnessing this vehicle for fun and profit shouldn't be scared off just because the uptrend is so well developed. For sure, the futures are going to be quite devious at this stage of the rally. But because we have two bullish targets to leverage, it behooves us to find a way in. I've reproduced a chart that shows the kind of subtlety that can get us aboard with very little risk. Like most attractive camouflage trades, this one began with a move to a 'D' correction target nicely visible on the five-minute chart. However, the countertrend pattern of lesser degree that followed the upturn was where we might have looked for opportunity, and in this case it was absolute, stress-free perfection.
NGJ13
NGJ13 – April NatGas (Last:3.830)
– Posted in: Current Touts Rick's PicksThe futures made short work of a 3.769 target and now bid fair to achieve 4.029, or 4.115 if any higher. The new chart shows the provenance of both of these Hidden Pivots. 'Camouflage' will be difficult to come by if you're looking for a belated entry opportunity, but on the 240m chart there are still three external peaks you may be able to leverage at, respectively, 3.876 (11/27) and 3.937 (11/26) and 3.976 (11/23).
NGJ13 – April NatGas (Last:3.689)
– Posted in: Current Touts Rick's PicksFour days of 'dueling' bulls and bears have dulled my enthusiasm at the moment, even if bulls look like they will emerge victorious. Camo traders should seeking to get long should adhere strictly to the rules, however, initiating trades only when conditions are ideal. In the context of the chart shown, that would mean buying only after a short A-B leg gives way to a B-C from just a tick or two above the 3.527 'external' peak that I've labeled. _______ UPDATE (March 5, 1:07 a.m.): I've refreshed the chart to show a clear rally target at 3.662 -- a logical minimum upside objective for the short-term. This is an inch from January 21's key high, and my hunch is that it won't endure. ______ UPDATE (March 11, 2:42 a.m. EST): Friday's high came within less than two cents of our target (see inset). I see this as a potential camouflage trading opportunity, since our competition will be nervously obsessed with January's 3.670 peak. Regardless of whether the futures feint above it, you need only see the price action in ABC terms to make use of it. _______ UPDATE (March 14, 12:40 p.m.): Having bettered a clear target, the futures are a good bet to continue to the next, at least. It lies at 3.769 and is shown in the chart.
