John Ricci @johnricci: "𝟮𝗬 𝗿𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 𝟮𝟭.𝟱𝟱% 𝗬𝗧𝗗 𝗿𝗲𝘁𝘂𝗿𝗻..."

Australia

𝟮𝗬 𝗿𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 𝟮𝟭.𝟱𝟱% 𝗬𝗧𝗗 𝗿𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 -𝟲.𝟯𝟭% 𝗙𝗲𝗯'𝟮𝟯 𝗠𝗼𝗻𝘁𝗵 𝘁𝗼 𝗱𝗮𝘁𝗲 𝗿𝗲𝘁𝘂𝗿𝗻 𝗼𝗳 𝟬.𝟯𝟮% Apologies to all copiers that I have not given you an update in the last few weeks. January 2023 was a tough month and most of the losses came from long $NATGAS which I was able to stop the losses in February. February 2023 has been a better month. The market has been ranging and I was able to make a smaller profit and not let my winners turn into losses. I missed out on some of the bigger moves but there is no perfect strategy. Generally bigger moves come in between 3-5 days but sometimes you can make more money with smaller moves and lower risk. $SPX500 We were able to close all open positions with minimum loss. My strategy would be to open long and short positions in the proper supply and demand zones with more confluence using volume, momentum/oscillator, and trend indicators. My short-term view is for the market to continue ranging between 4000 and 4200. It is difficult for the market to go bearish when there are so many put options in the system. $UNG (US Natural Gas) Due to high fees of $NATGAS , I decided to open $UNG for our long positions. The market has sold off last week which has taken up a lot of traders top losses but I believe that Natural Gas is forming a base. Long positions are offering higher risk but higher reward return. Hopefully, this week Natural Gas can continue its recovery. I would also open some short positions when the opportunity presented itself. $GOLD It is a tough trade at the $USDOLLAR due to higher 10 year yield and $USDOLLAR keeps going up. However, at some point, there will be a pullback. The market does not move in 1 direction. I am expecting a pull back between 1862 and 1905 using Fib retracement in higher timeframe. If this thesis play out then we can exit all our long positions with minimum losses. $OIL It seems that Oil is also stuck in the ranging pattern at the moment. Oil is generally sensitive $USDOLLAR I will continue to monitor this for the right opportunity.

Not investment advice. The author may have financial interests in the mentioned instruments.