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Ok now NGH3 has reached 3.31. Barring a monster reversal to close out the day, I am increasing my target to 3.4.

I bought some NGJ3-NGV3 spreads today. I'll try to buy some NGH3 tonight, tomorrow. I'm looking for 3.33-3.35.

well nothing to do this week in nat gas. I think it's inevitable that we'll make some new lows next week. Lets see how far it drops at this point.

I like the Market Wizards books. The key thing I took away from them is this: Most of the "wizards" waited for perfect opportunities to trade where they were 99.9999% certain they could win. The "wizards" built up their capital making maybe 5-10 trades per year. Contrast that with the...

I don't hear anyone ever discuss nat gas. Nat gas is in an area (trendline support) where I want to be a buyer. I'm waiting to see if it will hold around or above the 3.33 area before going long. I think if Nat Gas takes out 3.46 in the next week it's going to run for a while. From the...

Thanks again for the reply. Your explanation about the G3-H3 roll makes sense. But on Friday 1/11 when Crude dropped, almost all the crude calendar spreads went up. For example K3-J3, K3-M3, K3-Z3, Z3-Z4, etc. Those later dated spreads shouldn't have anything to do with the G3-H3...

Thanks for your reply and pointing out the G3-H3 roll. That is something I didn't consider and I will look into it. I'm assuming the G3-H3 roll would affect only those spreads involving G3 and H3. At one point Crude was down about 1% on Friday but if you had looked at all the spreads (not...

I'm new to spread trading. I shorted RB, HO, and CL yesterday and have nice profits in them. I also sold some spreads on them. The RB spread was very profitable, (RB is the weakest of the three). HO was profitable and the CL spread was barely profitable (Crude is the strongest of the three)- it...

s&p: not long or short nasdaq: long- much stronger than s&p

Why not? As long as the weather stays hot in big corn producing states then expect some upwards pressure on corn price. That said if the price stays this high, the demand will start to drop. Open interest has dropped a little bit. But I don't really care about these factors and believe...

I have been with global for a while. Their commissions are fairly low, but there are definitely lower commission brokers out there. I'm a swing trader and hold positions for days to weeks to months so I don't really mind if the commissions aren't the lowest. I use thinkorswim for charting...