At the peak this morning 12/9/20, on the 15 minute chart above, you can see the high candle and the candle after form a Bearish Harami pattern. Then 3 & 4 candles after form a Bearish engulfing with a close below the 8ema. Then the next candle confirmed it by beginning to continue downward. Plus we had completed an AB/CD pattern overnight (see the thick white angled lines).
That combined with the fact I had a 5 hour live workshop with Larry Pesavento today that already started 9:00am, suggested to me we should capture our profits and sit out the rest of the day in Natural Gas. The point being we had profits, peaked and started downward, and it would be difficult to manage this trade while at the workshop.
So, we exited at 9:37am ET at 2.49. As you can also see, we ended the day further down. Although we did come down to the 61.8% Fib of the yellow range, which is a likely place to bounce. Perhaps we'll get back in tonight or tomorrow.
Meanwhile, we had a winner:
Entry: 2.450
Exit: 2.490
Net: 2.49 - 2.45 = .04 * $2500 = +$100
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