Nat Gas Bullish , not Bearish! - Commodities Futures Trading | futures io social day trading
futures io futures trading


Nat Gas Bullish , not Bearish!
Updated: Views / Replies:4,499 / 113
Created: by josephBus1 Attachments:30

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 30  
 
Thread Tools Search this Thread
 

Nat Gas Bullish , not Bearish!

  #11 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 378 since May 2013
Thanks: 296 given, 137 received

Wonder what's a good buy level and is this correction only weather related or something to do with Nov expiry??


Sent from my iPhone using futures.io mobile app

Reply With Quote
 
  #12 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 972 since Nov 2014
Thanks: 1,357 given, 1,055 received
Forum Reputation: Legendary


jokertrader View Post
Wonder what's a good buy level and is this correction only weather related or something to do with Nov expiry??


Sent from my iPhone using futures.io mobile app

The seasonal chart until the end of the year for the most recent 10 years clearly shows downwards.

Looking at the individual charts (I checked the February contract) for each year, there are only few years, when you would have made money until end of the year entering the long side end of October or in November. And only, if you would have gotten the entry date perfectly.

Best regards, Myrrdin

Reply With Quote
The following 2 users say Thank You to myrrdin for this post:
 
  #13 (permalink)
Trading Apprentice
Evans, GA
 
Futures Experience: Intermediate
Platform: ThinkOrSwim, Ninja Trader
Broker/Data: TDA, TOS, NT
Favorite Futures: ES, NG, CL, SI, , DX
 
Posts: 31 since Sep 2016
Thanks: 14 given, 35 received



jokertrader View Post
Wonder what's a good buy level and is this correction only weather related or something to do with Nov expiry??


Sent from my iPhone using futures.io mobile app

I have been trading NG Nov contract Intraday for small scalps both long and short, and it looks like the 200 DMA is pulling it to 2.74 It is just 1 days trade off of it now. Wouldn't be surprised if it more than pierces it possibly down to 2.70 Not sure on the December Contract, since it seems Dec is priced well above the Nov. The NG Nov contract is down more than 10% in past 3 trading sessions.

Reply With Quote
 
  #14 (permalink)
Trading Apprentice
Evans, GA
 
Futures Experience: Intermediate
Platform: ThinkOrSwim, Ninja Trader
Broker/Data: TDA, TOS, NT
Favorite Futures: ES, NG, CL, SI, , DX
 
Posts: 31 since Sep 2016
Thanks: 14 given, 35 received


jokertrader View Post
Wonder what's a good buy level and is this correction only weather related or something to do with Nov expiry??


Sent from my iPhone using futures.io mobile app

Got your message and I guess I accidentally replied with no message. and now I have to wait 60 mins or reply here, so hey, we all make mistakes. Anyway I can sympathize with your situation, as I made the same mistake on SI a few weeks back. Luckily I was able to get out of SI after holding it overnight and being down a considerable lot.

With NG, there doesn't look like any reason to rally just yet, every attempt at a rally has just been met with selling. I don't know how big your account is, or how many contracts you trade, but if I were trapped in, I would try to leverage out by buying into one of those down spikes. It will get bid up to a Moving Avg then sell off, just map out your levels and don't get greedy. I think it might bounce on 200 DMA, but there are some aggressive sellers 10% or so in 3 days, so I don't think anything is safe.

I was greedy when I first started trading NG and was up near 1K overnight, thought I knew this shit then 6:30 AM comes and it's gone, then 7:30 it's mostly back but I didn't take it, thought it would trade higher, then, boom stopped out for $30 as it sells off 5.4% Just glad I wasn't long for that ride down. Then it did it again the next day, but by then I've learned not to trust any rally. Don't see any chance for it to go higher until after Thursdays report on storage, but that could send it even lower if there is another build and warm weather still in the forecast.

Sometimes It's just best to cut losses and move on. Walk away and start fresh.

Reply With Quote
 
  #15 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 378 since May 2013
Thanks: 296 given, 137 received

Thank very much for that quick answer wil analyze levels and respond back


Sent from my iPhone using futures.io mobile app

Reply With Quote
 
  #16 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 378 since May 2013
Thanks: 296 given, 137 received

Took another small long scalp not really getting a bid here


Sent from my iPhone using futures.io mobile app

Reply With Quote
 
  #17 (permalink)
Trading Apprentice
Cookeville, TN
 
Futures Experience: Advanced
Platform: R|Trader, Thinkorswim
Favorite Futures: CL, RB, 6E, ZB, DX
 
Posts: 39 since Oct 2011
Thanks: 9 given, 15 received

It's down what, 22% since the start of last week? NG futures are trading like a penny stock.

Reply With Quote
 
  #18 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,940 since Dec 2013
Thanks: 1,633 given, 2,951 received
Forum Reputation: Legendary

There's a reason NG options have one of the highest implied volatilities in the commodities markets

Reply With Quote
 
  #19 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,940 since Dec 2013
Thanks: 1,633 given, 2,951 received
Forum Reputation: Legendary


SMCJB View Post
There's a reason NG options have one of the highest implied volatilities in the commodities markets

As the 10c rally in the closing range highlights!

Reply With Quote
 
  #20 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 378 since May 2013
Thanks: 296 given, 137 received


Any thoughts on what this means??


Sent from my iPhone using futures.io mobile app

Reply With Quote

Reply



futures io > > > > Nat Gas Bullish , not Bearish!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
If an transaction occurs BELOW the bid vrs AT the bid a bullish or bearish move Angelo1 Emini Index Futures Trading 4 April 10th, 2014 11:00 PM
Falling Gas Prices Are Very Bullish for Stocks Quick Summary News and Current Events 0 November 11th, 2013 06:20 PM
Coming Week Market Movers: 'Bearish' Good News Vs. Bullish Taper Delay Hopes Quick Summary News and Current Events 0 November 11th, 2013 02:00 AM
bullish or bearish overall market supermht Traders Hideout 2 July 8th, 2013 10:17 AM
Bearish, Bullish Retracement Ind ryangillespie NinjaTrader Programming 2 October 17th, 2012 10:10 PM


All times are GMT -4. The time now is 04:39 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-26 in 0.13 seconds with 40 queries on phoenix via your IP 54.146.1.178