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Picked up a few hundred shares of DGAZ Friday while on vacation. Placed s really low buy in and I got it at 22.40. Thinking that is a decent entry going forward.
Lowered my buy order down to 22.50 good for the day. Lets see what happens. Pretty strong premkt move in NG for a Friday.
On vacation but can't resist buying DGAZ today. What is the general consensus? I still think the bests control the roost.
Smart play. I like the hedge part. Have done that myself with decent results as added protection.
Yep, I have to agree. Waiting this out. Really did not expect this to run up this week since it started out without any conviction on Monday. Still, I am reluctant to go back in either way right now.
Crazy! Bulls in control? I have been in cash the last 2 days. Missed the run up. Looking to enter DGAZ eventually once NG peaks.
Really punched up premkt. Missed that gain, oh well. Likely be watching DGAZ. Out of country by Thursday and likely out of play.
Sounds like a plan. Might be a relatively tight trading range for a month or so.
Thank you! I am thinking there might be follow through to the upside coming up to the report on Thursday, after that is anyones guess.
I hear ya, I am leaving for a week to the Virgin Islands and wanted to close out of all my trades anyway. Looking forward to returning where I left off in my trading with NG. Anybody's guess where NG will be by the 23rd of January when I return. Good luck to you!
Closed out my position from last Friday this morning. Not a bad trade, in at 59.00 OUT AT 64.00. Does not seem like a lot of strength or conviction in the move off the bottom. Sitting in cash.
Yes the descending triangle is pretty obvious. with futures soon to trade in March, popI vote Dgaz becomes the next play relatively soon.
Yes, and so far the premkt activity is bullish! Looking for a decent day tomorrow to be a long. But still dicey as to the overall direction after this week.
I really don't know. Just a small piece of the puzzle. There is a lot to know to make trading in NG worthwhile.
Love the charts, keeps it in perspective! As for weather correlations and that particular chart I suspect they move in tandem to some extent but there are just so many variables that it appears muddled. I am sold on charting the process and utilize them as one more piece of the puzzle. But I also like looking for a slowing in ascents and descents as my buy and sell points. You can almost feel the tops and bottoms when watching the action real time. NG does not always follow the script, chart wise or other wise. Love trading NG more than just about anything. Feels like I am closer to getting this right more often than not! Appreciate your signals which have significant bearing on trades.
Many fewer pipelines in Northeast. Cost to do business is high, etc. Mho
Thank you for sharing your informative posts. Much appreciated! I am in UGAZ over the weekend with a smallish trade but I am not holding anything long right now. Glad you like my quote! I have been selling more often of late and saving my arse, also banking some cash. Still can't believe I climbed out of my Fall trade in UGAZ when be it hit 81.00 this winter. Am not doing that again. Going to avoid avging down and going to set more stops. Keep up the great posts! Surehand is awesome as well.
Yes, it is very strange. The bears own this puppy. I took a chance on a few hundred shares of Ugaz purchased premkt for 59 bucks as a hold for the next 3 or 4 trading days. The next draw should be huge and even the following draw will be big. Though they shrugged off the last one. Going to trade in and out.
Picked up Ugaz at 59.00 premkt. Will hold into next week. Looks ready for a bounce. Good luck to you.
Got ya there! Thinking of taking a stab at UGAZ in the 59 dollar range.
I am tempted, bought and sold UGAZ yesterday for a small loss. Trying to catch a knife. Glad I closed out my position after hours. Would have been a costly mistake. How low will they take NG before a bounce? Could we see 2.75 or lower?
I sold all my UGAZ at 77.50 and bought back at 68. Sold after hours for a small loss and went back to cash. Don't think this drop is done!
Crazy prices for NG in the northeast. Unfortunately, it is not affecting NG futures one single bit!
Is this an actual buying opportunity? The demand continues to go up. Is the price of NG now at fair value? Wanting to buy in badly. Fridays tend to follow Thursdays though.
I am seriously thinking of edging back in right now. Looks over done for a selloff.
All the hype on that draw and down she goes. Overall pretty flat. No clear direction at the moment. Bears could take over in a hurry regardless of next weeks weather.
I am all cash as well. I don't see an obvious direction. I am leaning towards sell the news today but with NG anything is possible.
Pre mkt action today is not going well today. Surprised it went red.
Thanks for your insightful posts! I am tempted to stay in cash today. Could be a sell the news event. Something is not sitting right with NG at the moment. Bears in control.....
Sold out of my scalp play today in UGAZ. In at 74.00 out at 77.50. Made decent bank on a day trade. Going to keep scalping for the time being. Currently in cash. Good luck to you.
Anyone else think that today's action is just a breather before the next move back up? First real pullback in many days.
I hear ya! Keep looking at the potential for another big run up tomorrow into Thursday, but I don't trust NG.
OT; Actually looking at DUST since gold has jumped so far ahead. Gold is stuck in a trading range and appears to be at the top end of that range right now.
Yes. it is pretty obvious as to where the resistance will be in place. Imagine loading up at DGAZ below 20 bucks! Woohoo! lol
Agreed! I am not doubling down and if I do it will be close to the bottom. Waiting this out for now. I can see myself buying a few hundred shares of UGAZ to hold till Thursday morning. But I am not sold on the idea.
Strong close today, gap up is likely as you say! Will be waiting to enter DGAZ once this peaks out.
Thanks! It was a most painful trade! Yes, I agree on the "pulling the rug" out concept in NG. Once the bears gain control again watch NG tank way down again. This run up is short term at best. Had I been more nimble I could have jumped back into UGAZ on that mid morning slide. Another gap up tomorrow maybe?
The results from that map suggest that the demand on NG going forward will stay high. Hmmmmm!
Wanted to reach out and say thank you for your helpful posts. I hung on over the weekend and bailed out of UGAZ near the high today. NG Took quite a tank down shortly after. Hope you made some bank on DGAZ today. Not so sure NG is all done with the rise up off those insane lows quite yet but I will hedge my bets with DGAZ going forward.
Thank you! Was good to see you in the trade. Looking at the last 1/2 hour I am happy I bailed out. The questions becomes is it going to be safe to buy back in at these levels? Looks like it could lose all the gains before it is all said and done today.