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Yes, exactly. What was the guy's message ? ... trying to tell us it will go down to zero because it drop nicely this week ?

Read the prior posts. I was short since monday, long the previous week, and yes, long since thismorning. Yes, I want to be long nat gas at this point, definitely.

huh ? And ? ... certainly you are not implying not trading nat gas just because some idiot at a desk blew up a fund acting like a newbie with no discipline ?

Yes, don't get me wrong, not jumping to any hard conclusions.... just following through on my plan.

Long eur/usd + short gbp/usd = long eur/gbp ... same principle applies to all pairs. There is a perfect triangular structure in 3 pairs containing the same currency

For what its worth, looks like a cold front hit a bit early : 17:37 [ParisJOM.] Oct. 13 (Bloomberg) -- Buffalo, New York, was blanketed under a record-setting 2 feet of snow, knocking out power to almost a quarter-million residents and prompting local authorities to declare a state of...

Been a good week on the short side of nat gas. Reversing position here and going long nov & dec contracts. Looking for at least a 25% move North bofore Jan. May not be all that relavant, but it seems like everybody and their dog is expecting oil to plummit down to 50. Well, in time they may...

Good day Traderjb, Yes, you do have a good basic understanding of the mechanics of the relations between pairs. However, I would just like to correct you on one point. When I said it is realy only possible to hedge a spot FX position with a derivative, I meant an option more precisely. Trying...

By the way, did you guys notice that Legitinvestin's site is now taken down ? :)

Thanks Misha, but the SEC is also competent in matters that concern persons advertising in view of managing the public's funds.

I just sent the following message to both help@legitinvesting.com and enforcement@sec.gov : Ladies and Gentlemen of the SEC, Please meet "Legit Investing" http://www.legitinvesting.com/index.html Seeing as the people at Legit Investing can barely string more than three words together...

"The purpose of Legit Investing is to grow to be the largest and most reliable trading company in the world." great stuff... funnier than Gin & magic mushrooms

Definitely one of the most funny lame scam atepts I have seen in a while. ...never trust a financial sit that uses exclamation marks. Any site that uses multiple exclamation marks after a sentence is certainly run by a guy wearing a big red nose and who is called "Bozo".

I will correct you there. ... you have to take the futures contango/backwardation into consideration ... and that will add up to precisely the interest credit/debit of the spot.

Thanks for the link. Nothing new, but this part of your article seems to to the most important to retain : Findings • The prices for futures contracts for delivery in a given future month can vary greatly over time. Owing to the large price changes, it is evident that even if the futures...

ok, sorry, it seems we are posting simultaniously :) Thanks for the link .. will have a read now.

Again, I think you are confusing "spot hub" prices with "wellhead prices" In any case why "massive selling pressure" ? It is entirely possible, but what would make you think that ? Is it not possible that the futures market is just pricing in colder weather over the next 20 days which will...

Not sure, but are you not confusing "spot prices" with "wellhead prices" ? Again, I'm not sure, but I have a suspicion you are reffering to "Hub spot prices" and not "wellhead prices"

What is with these newbie types so intent in trying to "get around the system" for a measly 5% yield ? If you are so obsessed with interest and yields, why don't you close your FX account, and leverage yourself to the teeth on bonds ?