CL Redux

[cstfx]

Think we will see some continued strength into the close because of the leaking well. As I write this covered my long @ 8535. Will re-enter if it touches 8520 again before close RTH.

 

[HuggieBear]

sh .31

 

[cstfx]

long 8520 s/l 8500

 

[HuggieBear]

out .28

 

[RedSun]

Still short CLN0 w/ other acct at entry of 87.40. Hold for after-hour or tomorrow. To me, this is a profit-taking weak close. On the risk/reward side, there is more downside to upside.

 

[DarthSidious]

Horror Story :eek:

 

[cstfx]

Quote from cstfx:

long 8520 s/l 8500

out 8530

 

[NoDoji]

Quote from DarthSidious:

Horror Story :eek:

Wow that's some hardcore bear porn!

What's the value per tick for NG?

 

[RedSun]

Quote from NoDoji:

Wow that's some hardcore bear porn!

What's the value per tick for NG?

1 penny is worth $100. A tick is 0.001 and it is $10.

There is not much to trade NG, no weather, no storm, no impact from economy. The EIA is all what matters to traders.

It can easily go to 50c up or down on a number day. Stop orders make the move even bigger. So stops won't protect the position.

 

[DarthSidious]

Actually from what I know, professionals who exclusively trade NG never trade it outright. Calendar Spreads are the name of the game. How would you like to make / lose so much so quickly?