Yep, getting slapped around in this pair as we speak, slightly up, but that was only after a touch of my point B. This pair, at my charting resolution, is fun to watch
The ACD Method
- Thread starter sbrowne126
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Yep, getting slapped around in this pair as we speak, slightly up, but that was only after a touch of my point B. This pair, at my charting resolution, is fun to watch
I don't trade natty. You know I fear the limit down/up thingy, but when Fish said a weather event might make natty spike, I said, well, duh!
But, I had to remember weather in the Midwest and Northeast makes news headlines, and I may have become indifferent to mother nature moving markets. We take it as a matter of course. Especially downstate.
Here is what we have so far today. Failed A down on the bonds to the tick this morning. Euro failed A up as well as ES. Gold failed at the A up to the tick and Nat Gas confirmed A up.
And for the King, we have some strength in AAPL today.
And for the King, we have some strength in AAPL today.
You can trade UNG. It's and $8 ETF! It trades nice and easy. Once you take out the leverage, it's not so scary. LOL.
It's not the leverage I fear, you know FX is very highly leveraged, but when I am wrong I can get right on outta there.
Maybe I need education on limit up/down, but this seems kinda suicidal to me.
It's all leverage. If I told you I had an $8 stock that was up .20 today that wouldn't scare you. Well that is a HUGE spike in natty gas. LOL. I wouldn't daytrade it. But you can get very nice swing trades in this thing. BTW, perfect failed weekly A down in UNG at 7.74 this week.
I am not going to mess with this thread, but you just made my point.
UNG moves 20 cents, I shrug.
Is there a limit down in natty gas? My issue is if there is a black swan event that lasts longer than my account, I am fukked. Not so outside of commodities. I can get out, maybe at a heavy loss, but, I live. Did I miss something?
The daily limit in the futures is .75 I think. And to be honest, there is a far greater chance of blowing out your account on a big move in FX then nat gas. I'm not sure how you would blow your account out on an $8 stock unless you leveraged your entire account in it and even then you couldn't. If you put 100% of your account in UNG and it went limit, you would lose less then 10% of your account. LOL.
This thing use to trade in the teens (the futures), now it's under $4. So it's really become pretty tame. When Nat Gas was in the 15 to 18 area they called it the widow maker.