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Price is everything

  • #11,101
  • Edited 2:34pm Mar 3, 2011 2:23pm | Edited 2:34pm
Gas futures Left: 15th nov
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Gas futures Right:
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EDIT: Red would appreciate a comment about the gas futures especially since there have been some delays in contracts and the fact that warmer weather usually dampens demand, i would like to hold out for a bit longer (at least until the summer) until i start going full nuclear on buying gas futures.

Any advice on trading gas futures specifically?
  • #11,102
  • Mar 3, 2011 2:30pm Mar 3, 2011 2:30pm
closed most cable near horizontal
  • #11,103
  • Mar 3, 2011 2:34pm Mar 3, 2011 2:34pm
Quoting Orbital
I know im probably one of three people in here who trade oil futures but heres a chart anyway.

In a triangle, Trendline down, And at supply, good position for a short.
Attachment
To be completely honest with you I am kind of sidelined on oil. The level I am watching (alarms only for potential shorts) is a little bit above on a rejection of 102.3x H1 R on confirmation on close below 101.9x with potential targer the low of the large H1 bar after inventories 100.3x and max overshoot area 99.7x on ysterday US opening range.

The main reason to be on the sidelines is that we are trading inside bars noise/range of inventories so fading only tops and buying the pullback on bottom is my view.... In any case good luck.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,104
  • Mar 3, 2011 2:39pm Mar 3, 2011 2:39pm
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 52 KB




out, fcuk it

no way of telling of that level will get taken
  • #11,105
  • Mar 3, 2011 2:40pm Mar 3, 2011 2:40pm
Quoting hkkhanus
back into the demand zone?
red, you watching this?
hk


refer to post #11086
  • #11,106
  • Mar 3, 2011 2:40pm Mar 3, 2011 2:40pm
Quoting sisse
To be completely honest with you I am kind of sidelined on oil. The...
I hope I am able to express myself in a positive manner I intend:
I appreciate you are willing to come and put on the line a role of "devils advocate".
  • #11,107
  • Mar 3, 2011 2:43pm Mar 3, 2011 2:43pm
Quoting Sdvsa
I hope I am able to express myself in a positive manner I intend:
I appreciate you are willing to come and put on the line a role of "devils advocate".
Martin could you come online on skype for a minute or two?


@Sisse:
Thanks for the input!
  • #11,108
  • Mar 3, 2011 2:44pm Mar 3, 2011 2:44pm
Quoting redsword11
Attachment



out, fcuk it

no way of telling of that level will get taken
I am also Alice in Wonderland:
Attached Image (click to enlarge)
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By the example set, got out of NU; who the hell understands what's going-on there?
  • #11,109
  • Mar 3, 2011 2:44pm Mar 3, 2011 2:44pm
Quoting Orbital
red still holding AUD long and Kiwi longs?

AUD and NZD are dropping like rocks...

Attached Image (click to enlarge)
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falling to where? to demand .......... out for now


its not about having balls at all ........ its about demand goes to supply and vice versa
  • #11,110
  • Mar 3, 2011 2:49pm Mar 3, 2011 2:49pm
Any thoughts on this one?
Looks like we are coming into the expensive price...

http://content.screencast.com/users/...1-14.48.43.png
  • #11,111
  • Mar 3, 2011 2:49pm Mar 3, 2011 2:49pm
Quoting Sdvsa
I hope I am able to express myself in a positive manner I intend:
I appreciate you are willing to come and put on the line a role of "devils advocate".
Well more than devils advocate is my view and trades from, most of the time, a higher timeframe that I trade. So I understand why most of the trades are called here so I hope/guess other traders will also understand my view because despite of the names supply/demand, etc the only difference is in the TF.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,112
  • Mar 3, 2011 2:55pm Mar 3, 2011 2:55pm
yup, seen your post earlier, just noticed another rejection so thought to mention it again.
cheerz

Quoting redsword11
refer to post #11086
  • #11,113
  • Mar 3, 2011 2:55pm Mar 3, 2011 2:55pm
Quoting mugged
Any thoughts on this one?
Looks like we are coming into the expensive price...

http://content.screencast.com/users/...1-14.48.43.png


good charting ...... not the biggest fan of UJ , just frustrates me but vaild set up if bearish PA develops


l suppose the PA has already developed, might take it
  • #11,114
  • Mar 3, 2011 3:00pm Mar 3, 2011 3:00pm
Quoting redsword11
good charting ...... not the biggest fan of UJ , just frustrates me but vaild set up if bearish PA develops


l suppose the PA has already developed, might take it
Hourly close coming up in 1min, doesnt look like a good candle for the bears.
Ill wait it out a bit, perhaps till asia starts up to avoid dead zone...
Hopefully can get a better price on retracement into short term resistnace

what do you think?
  • #11,115
  • Mar 3, 2011 3:02pm Mar 3, 2011 3:02pm
Quoting hkkhanus
yup, seen your post earlier, just noticed another rejection so thought to mention it again.
cheerz

Attached Image (click to enlarge)
Click to Enlarge Name: s.jpg Size: 52 KB




added



closed gold @ entry, will just hold slv
  • #11,116
  • Mar 3, 2011 3:06pm Mar 3, 2011 3:06pm
Quoting mugged
Hourly close coming up in 1min, doesnt look like a good candle for the bears.
Ill wait it out a bit, perhaps till asia starts up to avoid dead zone...
Hopefully can get a better price on retracement into short term resistnace

what do you think?

during NFP week, UJ is used alot for market making, can be difficult to trade



will pass on it
  • #11,117
  • Mar 3, 2011 3:06pm Mar 3, 2011 3:06pm
http://content.screencast.com/users/...1-15.06.22.png
  • #11,118
  • Mar 3, 2011 3:07pm Mar 3, 2011 3:07pm
UJ rejection


Quoting redsword11
Attachment



added



closed gold @ entry, will just hold slv
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  • #11,119
  • Mar 3, 2011 3:16pm Mar 3, 2011 3:16pm
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if UJ drops a little, will drag cadjpy with it - loony north
  • #11,120
  • Mar 3, 2011 3:33pm Mar 3, 2011 3:33pm
Quoting anthoniex
Hi RED,
Do you use other pairs as indicators to trade GBPJPY?
I'm such a noob with this correlation thingy (and I haven't read all your posts, to be honest ). I'm thinking of shorting it, any ideas anyone?

I see...
http://www.forexfactory.com/showpost...&postcount=672
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