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Nice job...Hoping it goes to 105 Monday morning...Once it turns in 10 days it can do 20 to 30 dollars!
Congrats!
Congrats again. I often get too focused on one ticker that I don't pay attention to others. I need to work on getting a platform set up that allows me to track stuff better. I use Etrade but have set up the think or swim paper trade platform and do like it's features, however my old laptop locks up when I try to run them both at the same time. Any suggestions are welcome. TIA
Need to clear your Etrade app cache daily and try to allocate more ram memory to etrade app. If no improving. you will need more RAM memory on your laptop.. Or a new one!
GLTU
Nice Job....
Always green my friend...Always! Thats why I'm still here and dont plan on going anywhere!
"I want to be a millionaire so freaking bad"
GLTU CC
Green trade you also!
Is not the $ that you missed making that impact on your lifestyle. It happens to be the $ you put in your pocket!!!!
Big time profit last 4 days!
Boomshakalaka!
GLTU - Green trade to you my friend!
Im kicking nattys but all over the play! Not complaining!
Yes 5 dollars profit from 17.15 to 17.80. Then 17.60 to 22.20...Looking for small pop in NG then I will buy back DGAZ...
GLTU
Out of DGAZ looking to buy UGAZ in the morning....Think they take NG to 2.90 then it pops...Sure would be nice if the bearish report misses to the bullish side...
GLTA
Will sell after hours today...They usually run it up...Then I will wait til report to see direction!
Have a cushion so I can speculate..
My theory is: If DGAZ is going to 30+ in a month or 2. Then 17.60 is a good entry. Unless of course it goes to 14 or so...
GLTU
Yup now im taking money from the oil crooks with dwt!
What crooks NG goes up and DGAZ goes up. Not complaining still holding my 17.60
H could go to 2.95/2,90 building right shoulder IHS
Is actually 20.66 as it is currently printing...My calculator is acting up time for a new one..
GLTU
NG 3.04 puts DGAZ at 19.66sh...
NG could go a bit lower!
GLTU
Still think Natty goes u next week. with cold WX in the forecast and u/d rollover! okay with me time to grab DGAZ in the 14/15 range!
GLTA
sure hope so, at least til Monday
Remember u/d roll start on the 6th I believe thats Tuesday of next week. Dont think I want to be short by then..Unless current backwardation is dissolved!
GLTA
I think NG goes to 3.04 or lower by Friday! I'm back in at 17.60 not a full load though. I think we dip in the morning (will load then)and up into report with DGAZ..
GLTA
Thanks Sendme great illustration!
From TA perspective Very difficult to project since daily is OS and weekly has more upside. They can reset daily a bit and keep running NG like they've done with /cl for months...
From an FA perspective in DEC the narrative was underground over supply and the drop NG to 2.56 trapping everyone and their mothers. (Loss a bit on my scalping accounts..) but I was able to get out with no loss in major accounts...
So know the narrative is depleted underground supplies yet production is high and consumption will trend lower..
They paint the FA picture anyway they want, they own all the WX sites and trade rags...
Need to watch the COT and that # is reactive so your always late to the game!
Really a crap shoot...Just remember when we hit 2.56/2.60 Bulls were exhausted and Bears were saying 2.20...Then Boom NG 3.60..
Same thing will happen soon. You know why? How you going to make money if know one is buying your Futures or ETF at extremely OB conditions...
Typically the March contract sells off into expiration seasonal. I think this year could be different. CS has not been trading these ETF with seasonal bias since last May...They are doing the opposite and when they do decide to run it, It's not a typical seasonal time frame WX is also driver.
If cold WX persist in Feb...March contract could hit 3.50/3.60 before major reversal....I've heard some folks calling for 4.0 lol
GLTU
BTW Im ki=cking Nattys butt!!
Big boys stepping away from commodity trading. They say the better place to trade is Bitcoin. OMG idiots thats even more volatile!
https://m.investing.com/news/commodities-news/exclusive-commodities-fund-jamison-capital-to-shut--source-1152891
By Catherine Ngai and Maiya Keidan
NEW YORK/LONDON (Reuters) - Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley (NYSE:MS) trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an investor letter.
The firm is shutting its Koppenberg Macro Commodity Fund by Jan. 31, according to the letter reviewed by Reuters. The firm will convert into a family office, the source said.
"Commodity trading is tough, with no coupons, dividends, or real price appreciation over time to soften the blows. It's becoming even tougher," Stephen Jamison said in a Jan. 24 letter to investors.
The closure of Jamison, one of the largest commodity-focused hedge funds, comes after several other big names have closed shop in recent months. They include hedge fund manager Andy Hall, who closed his Astenbeck Capital Management last summer, and Texas tycoon T. Boone Pickens, who said this month that he was closing his fund, in part due to declining health.
A spokesperson for Jamison did not respond to requests for comment.
In his letter, Jamison said machine learning and artificial intelligence has eliminated short-term trading opportunities for the firm, and long term, commodities do not offer any obvious benefits.
He added that there are wiser places to invest such as master limited partnership (MLP) firms and bitcoin, which he called "digital gold."
Jamison was down 9 percent last year, according to two other sources familiar with the fund's returns, driven in part by some losses on natural gas in the second half of the year.
Macro commodity hedge funds returned an average of 0.01 percent in 2017, making it one of the worst-performing strategies last year, according to data from industry tracker Hedge Fund Research.
Commodity trading firms and banks posted major losses in 2017 due to muted client activity and wild fluctuations across energy markets. A number of firms were said to have suffered heavy losses in the first half of the year after the
Your doing a great job Sendme...Keep up the good work % wise your net positive..
GLTU
If DGAZ does not pop tomorrow low 17 high 16's is coming...SEC to busy with Gold trader criminal to prosecute any NG criminals...
https://www.zerohedge.com/news/2018-01-29/these-are-6-traders-who-were-just-arrested-manipulating-gold-market
On Monday morning we reported that a number of traders - currently or formerly employed by UBS, HSBC and Deutsche Bank (as usual, no JPMorgan US banks were touched) - would be perp-walked and charged in an unprecedented cross-agency crackdown between the CFTC, DOJ and FBI seeking to punish spoofers of futures. This was confirmed moments ago by a CFTC press release which announced criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes.
Here is what got far less publicity: it wasn't just any futures that were spoofed - all the banks and traders busted were charged for spoofing the precious metals market, i.e. gold and silver. We bring this up because there are still the occasional idiots out there who say gold and silver were never manipulated.
The banks in question, and their penalties:
Deutsche Bank will pay a $30 million civil monetary penalty and undertake remedial relief. The Orders finds that "from at least February 2008 and continuing through at least September 2014, DB AG, by and through certain precious metals traders (Traders), engaged in a scheme to manipulate the price of precious metals futures contracts by utilizing a variety of manual spoofing techniques with respect to precious metals futures contracts traded on the Commodity Exchange, Inc. (COMEX), and by trading in a manner to trigger customer stop-loss orders."
UBS will pay a $15 million civil monetary penalty and undertake remedial relief. The Order finds that from "January 2008 through at least December 2013, UBS, by and through the acts of certain precious metals traders on the spot desk (Traders), attempted to manipulate the price of precious metals futures contracts by utilizing a variety of manual spoofing techniques with respect to precious metals futures contracts traded on the Commodity Exchange, Inc. (COMEX), including gold and silver, and by trading in a manner to trigger customer stop-loss orders."
HSBC will pay a civil monetary penalty of $1.6 million, and cease and desist from violating the Commodity Exchange Act’s prohibition against spoofing, after an Order found HSBC engaged in numerous acts of "spoofing with respect to certain futures products in gold and other precious metals traded on the Commodity Exchange, Inc. (COMEX). The Order finds that HSBC engaged in this activity through one of its traders based in HSBC’s New York office."
For those keeping count, this is roughly the 4th time HSBC has been found guilty of manipulating markets after the bank nearly lost its charter and swore it would never manipulate markets again.
Nice job thanks
DGAZ up Monday then down Tuesday is what i meant!
I think DGAZ has a TA bounce tomorrow then crashes on Tuesday then up after report!
I think small gap up Monday. Then major gap down Tuesday!
Thats due to expiration week and MM shenanigans!