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I don't want to see a close below the 8.90 area on the weekley. If so, will exit position.... Chart below:

200 shares at IB is $1.00 total not $2.00. Just an FYI.

I totally agree, but the energy markets and rationality usually don't go hand in hand.

World pressure mounts on Iran over nuclear dispute http://news.yahoo.com/s/nm/20060112/wl_nm/nuclear_iran_dc_49;_ylt=AniCzzmQJkzS9jGDqwZiW_hSw60A;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl ...for those that might be living under a rock this is whats keeping the bid under oil....

ICE Sets New Volume Records in Energy Futures http://biz.yahoo.com/prnews/060112/clth027.html?.v=39 NYMEX Exchange Announces Accountability Levels, Position Limits for New Electricity Futures Contracts http://www.nymex.com/press_releas.aspx?id=pr20060106b

http://www.elitetrader.com/vb/showthread.php?s=&threadid=60996&highlight=ib+pit

EOD Summary: Starting Capital $100,000 B 1 NGF6 at 9.40 B 1 NGF6 at 9.09 Long 2 NGF6 at 9.245 average Intial Span (margin): $32,400 1/11/06 settlement: 9.238 Todays total commission: $14 total ($7 per half turn) EOD Acct Value MTM: $99,846 <FONT...

I use to work with him, great guy, knows his stuff. Morgan Paisley 1.800.216.1487 http://www.alaron.com/research/livestock.htm Tell him Jay sent you.

Stop Moved NGF6 stops GTC moved up to 8.85 area. EDIT: Will update on a starting account size (every EOD) of $100,000 so position size/management can be watched. Good round number to use, I don't recommend trading the NG market with anything less than that amount. For CL maybe...

Besides keeping track of the cash, OTC, and futures here are a few of the energy related stocks I keep track of..... INTEGRATED ENERGY BP RD XOM CVX COP MRO ENERGY SERVICES HAL SLB BHI SII BJS WFT PIPELINE EPD PAA KMI TPP...

(I will only post energy related news I find that might be of some interest to this forum) News: BP Reports Drop in 4Q Oil Production BP Reports Slight Drop in Fourth-Quarter Oil Production Due to Hurricanes http://biz.yahoo.com/ap/060111/britain_bp_production.html?.v=4

News: US sees Iraqi oil production choked for years http://www.mg.co.za/articlepage.aspx?area=/breaking_news/breaking_news__business&articleid=260957

Fill Bought second half of NGF6 at 9.09. Average around 9.23. Stops "around" 8.40.

My trades last anywhere from 3 days to 3 weeks on average. I would say I'm 70% technical and 30% fundamental. Thanks for the encouragement.

Will be posting some data I think anyone following this market should be aware of occasionally.

Looking to buy other half at 9.10. Same stop around 8.40's.

All trades here are for my personal account only (one reason being most can't access otc markets): Accumulated a half position NGF6 around 9.40 average. Stops around mid eights. Target 12's, will scale out.

ICE Announces Plans to Introduce WTI Light Sweet Crude Oil Futures Contract OTC WTI Bullet Swap to Convert to Futures http://biz.yahoo.com/prnews/060109/nym118.html?.v=55 A fee waiver on execution will be in place for the ICE WTI Crude futures contract from launch through March 31...

This will be my oil & gas journal/blog. I will post news, my opinion, and current position/strategies. My background is as a trader/analyst and I'm currently working at a large energy company in Houston (that will remain nameless). Jay

Here is a start of 118.... AUDCAD AUDCHF AUDEUR AUDGBP AUDJPY AUDNZD AUDUSD CADCHF CADJPY CHFAUD CHFDKK CHFJPY CHFNOK CHFSEK DKKJPY EURAUD EURCAD EURCHF EURDKK EURGBP EURJPY EURNOK EURNZD EURSEK EURUSD GBPAUD GBPCAD GBPCHF GBPDKK GBPEUR GBPJPY GBPNOK GBPNZD...