IMO...maybe choose the risk level u like seems ngas is hold for a few days GL % sure Long Long PT Long S/L _______ Short Short PT Short S/L 68.4% 6.5981 6.8123 6.3387 _______ 7.2641 7.0394 7.5362 73.1% 6.5531 6.8273 6.2868 _______ 7.3113 7.0237 7.5906 78.4% 6.4955 6.8465 6.2345 _______ 7.3717 7.0036 7.6455 84.3% 6.4218 6.8711 6.1780 _______ 7.4490 6.9778 7.7047 90.1% 6.3275 6.9026 6.1084 _______ 7.5480 6.9448 7.7777 95.0% 6.2067 6.9428 6.0103 _______ 7.6746 6.9026 7.8806 98.3% 6.0521 6.9943 5.8624 _______ 7.8367 6.8485 8.0357 99.7% 5.8543 7.0603 5.6433 _______ 8.0443 6.7794 8.2655 100.0% 5.6010 7.1447 5.3401 _______ 8.3099 6.6908 8.5836
Looks cool, but I'm not following the chart. What are PT and S/L? And what does IMO mean? Should be an interesting day tomorrow, expectations for the withdrawal are in the 223-229 range, so anything 230 should be enough for us to rally back up close to 8 bucks in H....which goes off the board on Monday.
From this..... http://elitetrader.com/vb/attachment.php?s=&postid=1360939 To.... Yes, only technicals and some common sense. You can see it tested the support zone once.. rallied up to resistance and made a DB in the support zone. It then hit second resistance, fell back and is now attempting to break above it. All of these levels were constructed ahead of time. You can see from my earlier posts. It doesnt get any better then that...
IMO = IN my opinion S/L = Stop loss PT = profit take % sure= is that the position will to ur side if taken at the level (1-% Sure) = odds aginst u if taken at the level GL
nice job apex... it's one thing to call crude,,,,yet another to call natty (as I found out today,,,making my first natty trade and losing some money easily)
The EIA came out yesterday and increased their price targets for natty at Henry Hub. Their forecast for Q1 went from 6.97 to 7.47, and for the calendar year of '07 it went from 7.10 to 7.58. The cold weather we are getting here in the east seems to be the cause for this latest run up from 7.10 last Thursday to 7.55 last night, but I don't think the forecast put a damper on the rally by any stretch. This latest cold snap wasn't called until late last week, so it caught people a little bit off guard and the strength in cash also helped the screen rally in my opinion. We have been stuck in this 7.00 - 8.00 range for a good while now and I wonder what it will take to get us to break out of it. Before I was thinking surely we would drop below 7.00, but the market seems to like the sky better than the ground, so I am starting to think the other way may be correct...
That was posted on february 13th with this chart attached. Here is an updated chart with the zones over a month later. The prices will look different due to contract rollover but I can assure you they are the exact same levels as the first picture. The blue ellipes are the times it tested the zone and the rallied that ensued after. I am long from 6.80..... -Apex <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1359406> Aftermath..... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1407749>