7/2/2015 Weekly Natural Gas Storage Report (1030 EDT)
Forecast: 74B
Actual: 69B
INDECISIVE
Started @ 2.825
Whipsaw between 2.811 and 2.839 – 1030:00
28 tick span
Pullback to 2.835 – 1030:55 (1 min)
10 ticks
Reversal to 2.814 – 1033 (3 min)
21 ticks
2nd Peak @ 2.875 – 1040 (10 min)
50 ticks
Reversal to 2.840 – 1057 (27 min)
35 ticks
Double Top @ 2.875 – 1124 (54 min)
35 ticks
Expected Fill: 2.814 (short)
Slippage: 1 tick
Best Initial Exit: 2.834 (stopped for 20 tick loss)
Recommended Profit Target placement: n/a
Notes: Initial reaction was a whipsaw to stop you out. After that it eventually broke out long for a nice 2nd peak, then reversed before achieving a double top.