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Interesting article. Thanks for posting. Kurt, please disregard this recommendation. LOL.

Frank, your "levels" or my "levels" are meaningless. What does hold meaning is how YOU trade your own levels. You have no idea how long someone's time frame is on a trade, whether it be minutes, days, weeks or months. This idea that some trader is taking pain because they did not get out at...

He looked for mispricings on the nat gas curve. He seemed to be pretty active further out in the curve where there is less liquidity. From my understanding, he held trades for awhile, meaning a few months vs days.

Correction: He left Enron with an 8 million dollar bonus.

He started out in the back office at Enron and moved up to trading. He left Enron in 2002 with a million dollar bonus and started his firm. Within 5 years he was a billionaire. The youngest billionaire in the history of the US. His fund got off to a good start making over 100% returns the...

He was the biggest Nat Gas spreader in the country.

Weekly A down in UNG is 15.23. We basically traded back down to the weekly A up and bounced off of it.

So you're saying there is upside to 20? :)

I would not touch it long or short. It was tempting till I heard the part about the internal hedge fund.

Absolutely. The selling started as soon as the news broke. There was no volume on the day either until the news hit.

When the news hit I think there was a fear being that Arnold was the largest player and liquidity provider in the space that there might not be a major player to sell to which caused the sharp selloff. The guy was running a 5 billion dollar fund that solely focused on nat gas. That is a huge...

Thanks for the update. That makes sense intuitively. Basically the 3 day shrinking pivot he talks about in the book.

http://www.zerohedge.com/news/john-arnold-closing-centaurus-energy-master-fund-central-planning-slowly-kills-commodity-tradin

Any word from Shandu?

Oil has a + 8 on my 30 day number line now and a + 7 on my 5 day. Great price action on the close today.

Frank, nobody is saying your levels are "wrong". What we are saying is that we have had HUGE moves in nat gas and crude and if your weekly levels have not triggered yet, I'm not sure how they would EVER trigger. At least for nat gas this week, this move has been huge. All I've told people...

Everyone here is using different levels. For the record, we blew through my weekly levels as well on Nat Gas and Crude. I'm not saying your levels are wrong, but you want to be careful they are not too wide if you are a breakout trader. You do NOT want to pay up for crude or nat gas as they...

I am eagerly awaiting that info. Thnx!

Natty Gas up another 3% today. Crude oil in confirmed breakout mode.