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Hey Bob, Lol, look every thursday @ 10:30 ET and you'll see these huge candles. Thats EIA storage time and everyone trading is glued to those numbers, especially right now. Another big draw (above most consensus estimates) and look at the market reaction (see Bone's prompt month chart)...

I thought that this post along with Mav's advice on using multiple OR's and thinking more in terms of "how" the instrument ought to behave have been invaluable. I got a little stuck at first on using the system as an indicator with stringent rules (like a MACD or RSI etc..) but once I started...

Its cold now, but 6-10 is looking warm with not much help from weather further out in the big consuming regions. This week's storage should spread out the yoy number and maybe bring us close to par on the 5 yr avg (high 190's at least to drive a dead cat). I'm looking for a little prompt month...

No disrespect 5yr, but a person's salary doesn't necessarily equate to hapiness. Depending on location, cost of living, and simply doing what you enjoy - why could a person not make 30-40k/yr trading and not be very happy if they enjoy it and are comfortable with the risk they're taking on...

Yep, can't argue that. It was a bad example in my post... my biggest fear is putting a position on, getting called out in an emergency, and not having the chance to close/get an appropriate stop in. And this has happened! I've had risk storm in and when those guys bark, you listen! no...

Hey All, I'm just wondering what people think regarding this approach: I trade cash Nat-Gas and I live on the west coast so the cash markets are generally done trading by 7 am pacific and the rest if my day is spent managing my book, working with back office etc.. the grind so to speak...

+1 Everyone tries to pick a bottom and with the ETF`s available - 2X, 3X etc funds, avg joes are getting slaughtered! Leveraged Commodity ETF`s are so dangerous... I know way too many people who hold these things for months and get killed on re-balancing and roll over. If you want to...

100% on the money Bone! The big money (especially if you own infrastructure) is FRAC's right now, and our hydro power deals, are also where the spreads are at. From what I gather, everybodys book is light right now. Unfortunately I'm trying to scratch out a living managing our regional...

awful... I trade cash nat gas for a marketer and its just terrible. Today's NYMEX range finally broke $0.17 b/c of another sub-par storage report. Check out these articles. Chesapeake unwound all their hedges and are betting under under 6.15 until 2012 and are betting around 8 bucks way...

Lol, obviously zero chance - for demonstrational purposes only :D Its a good point that you bring up in your previous post though. for the OP, it's important to understand that you can have a profitable position without ever reaching your strike price Example: Say GS is trading at...

Thanks Mav, I always use a consistent length of time just at different periods if the action is there. When I used the pit open exclusively as the start of my OR, my results were not as good as when I began incorporating big pre-open movements. I really like the idea of using multiple...

No you would not get filled pre-market, you would have to wait until the open. I use limit orders almost exclusively to enter but it depends on how liquid the contract is. Thinly traded contracts I would recommend always using limit orders (this applies to all instruments) On exit, its...

No problem, glad to help That is correct. Excluding commissions, for a long call your breakeven will always be Strike + cost of Call and a long put will always be Strike - Cost of Put. The difference is the risk/reward profiles. A call can have theoretically unlimited profit b/c the...

You would need APC to reach 75 + the cost of your call 2.60 to breakeven. Anything over 77.60 would be profit (not including commissions) Any price under 75 you lose the full value of your call. any price between 75 and 77.60 you will experience a loss that decreases the closer you get to...

Great thread by the way, I've read it through numerous times and gotten some great info. My question relates to OR, I used it a couple years ago when I traded Naz stocks in University and it was pretty cut and dry with market open/close times to determine a timeframe that works well for you...

LOL! +1 Cramer is my favorite! I could have retired years ago if I'd have shorted everything he's bullish on! :D

LOL, Bob, you're a riot! between this response and the "interest of bonds thread" (Classic stuff if anyone hasn't seen this yet check it out, I still can't believe its real!) Quickly becoming one of my favorite posters, keep the laughs coming :p JO :D :D :D

I was under the impression that these block trades were mostly done via dark pools so should they not be should be considered OTC and only post to the consolidated tape on a delay? (feel free to correct if I'm way off) I'm going to be leaving my current job trading cash nat-gas and would like...

Hey OP Here's a link that should clear it up for you - its from the TMX Exchange (Canada) http://www.m-x.ca/marc_terme_appli_en.php#mta5 It clearly states: "the block trades shall not set off special terms orders or otherwise affect orders in the regular market." So in a nutshell...

Cheers PT, I'll make sure I perform my due diligence. I checked out a few firms (I'm looking for cdn preferably) but one was shady, two were very good with providing all info, but one had fairly low payout and the other with a better package didn't offer remote. Anyone recommend some...