Update: Palladium, Natural Gas, Sugar, 4/2/15

Palladium, Short
Entry: 737.90
Exit: 750
PL%: -$430/contract

Natural Gas, Short
Entry: 2.69
Exit: 2.71
PL%: -$200/contract

Sugar, Short
Entry: 11.97
Exit: 12.40
PL%: -$481.60/contract

Not a good day today, got stopped out of a lot of my positions and shed about 5% of my total portfolio in the last week and a half. Palladium and Natural Gas were trending down but spiked up. For Palladium, it’s possible it will trend down again and that my stop was too close while for Natural Gas, it bounced right off the flat support line.

Although it’s been tough, going to stick with the system as I know there will be more opportunities in the future.

Natural Gas, 3/26/15

NG[K5], Short, Symmetrical Triangle
Entry: 2.69
Stop: 2.78
Target: 2.45 / 2.1
Risk/Reward Ratio: 2.67

2-month symmetrical triangle pattern. While I’ve been avoiding energies and currencies, gave this trade a go as the chart structure looks sound and the risk level is manageable. Volume for the front April contract is starting to drop off so entered this position with the May contract.

With this position, now have four open positions, the other three all long in Silver, US 2-Year, and Live Cattle.