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RenkoTrades

Registered: Apr 2012
Posts: 190

04-15-12 06:48 PM

Quote from hoop121:

If you feel that nat gas prices will either go lower or stay in a range under $2 for several months out then wouldn't a possible trade be to buy UNG puts? if the price stays low or continues lower (trend is your friend) and roll over yields continue to decrease this ETF's value, then wouldn't you want to be short this ETF?

I do directional trades only with no hedge for my system. I am taking my shot here to churn some profits if we range around $2.00 for several weeks. If we trade back into mid two dollar range or higher then I will just hold my remaining position to see if more upside is possible.

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hoop121

Registered: Apr 2012
Posts: 134

04-15-12 09:53 PM

Quote from RenkoTrades:

I do directional trades only with no hedge for my system. I am taking my shot here to churn some profits if we range around $2.00 for several weeks. If we trade back into mid two dollar range or higher then I will just hold my remaining position to see if more upside is possible.

Renko,

Who are you buying your contracts through? ICE? NYMEX? NEX?

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RenkoTrades

Registered: Apr 2012
Posts: 190

04-15-12 11:29 PM

Quote from hoop121:

Renko,

Who are you buying your contracts through? ICE? NYMEX? NEX?

Trade platform is connected to Nymex.

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RenkoTrades

Registered: Apr 2012
Posts: 190

04-18-12 06:44 PM

Quote from RenkoTrades:

I am long May NG as of Friday with two entries at 1.971 and 1.963 so far. I held out for prices below $2.00 and for the NG report this week to be released. Friday I entered the trades and placed a scale out pt at 2.023 to take a 1/4 partial.

I would like if NG bounced in this price range for a few months. This is one of my active trade markets and I will be trading whatever the NG will give me.

$2.023 target filled the other day and I am buying again this morning. Trade cost basis is 1.954 and new 1/4 partial at 2.004 price. I placed next 1/4 pt at 2.124 price.

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RenkoTrades

Registered: Apr 2012
Posts: 190

04-20-12 08:02 PM

Churn below $2.00 zone for the week stays the norm. Buying NG again this morning and adding pt for 1/5 position at 1.938, next 1/5 position pt at 1.978, next 1/5 position pt at 2.088 price. Cost basis for position is 1.928 currently with hold into next week.

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RichardRimes

Registered: Oct 2005
Posts: 2526

04-21-12 03:25 AM

Renko...how long have you been trading NG? do you find higher volatility/volume during roll over weeks (next week)? or do funds usually roll over the week prior to expiration? thx

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