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  • #2,941
  • Feb 24, 2021 3:49pm Feb 24, 2021 3:49pm
Quoting heispark
Nat Gas market is very choppy at the moment. It itself doesn't know where to go now. Better wait until it moves a big swing either up or down.........
Natural Gas knows where to go it's been on a downward slide since last Friday.
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  • #2,942
  • Feb 25, 2021 12:23am Feb 25, 2021 12:23am
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,943
  • Feb 25, 2021 1:54am Feb 25, 2021 1:54am
Quoting heispark
{image}{image}
This is why day trading is very difficult even if you're generally correct in the direction. Almost always breakout is good trap for SL hunters. Look how it takes SL before it moves big. This is part of this game and it's nearly a mind game.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,944
  • Feb 25, 2021 1:56am Feb 25, 2021 1:56am
Quoting heispark
{quote} This is why day trading is very difficult even if you're generally correct in the direction. Almost always breakout is good trap for SL hunters. Look how it takes SL before it moves big. This is part of this game and it's nearly a mind game. {image}
And yes, everybody watches daily pivot levels.....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,945
  • Feb 25, 2021 7:44pm Feb 25, 2021 7:44pm
Open Interest & Volume Study:
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https://www.fxstreet.com/news/natura...n-202102250638
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,946
  • Feb 25, 2021 7:57pm Feb 25, 2021 7:57pm
Quoting heispark
{image}{image}
Ok, it came back to ending diagonal pattern.... Personally I don't trust any pattern but ending diagonal pattern is the most reliable one IMHO. Looks interesting anyway......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,947
  • Feb 25, 2021 8:03pm Feb 25, 2021 8:03pm
Also, watch out the gap above which needs to be filled sooner or later......
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The problem is too many people (including Chris) are now selling Nat Gas.... which sounds omen to sellers.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,948
  • Feb 25, 2021 8:16pm Feb 25, 2021 8:16pm
U.S. trade groups urge Biden to cap natural gas prices after Texas freeze last week

https://www.reuters.com/article/us-u...-idUSKBN2AO1YX

This is their fault because they haven't properly hedged spot price risk using futures contract.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,949
  • Feb 26, 2021 12:47am Feb 26, 2021 12:47am
Nat Gas market moves early today. I think I can close week early...
Have a nice weekend ~

Donde voy - Tish Hinojosa
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Madrugada me ve corriendo (Daybreak finds me running) Bajo cielo que empieza color (Under a sky that's beginning to color) No me salgas sol a nombrar me (Sun please don't expose me) A la fuerza de "la migracion" (To the force of the INS) Un dolor que siento en el pecho (The pain that I feel in my chest) Es mi alma que llere de amor (Is my heart that hurts with love) Pienso en ti y tus brazos que esperan (I think of you and your arms that wait) Tus besos y tu pasión (Your kisses and your passion) Donde voy, donde voy (Where I go, where I go) Esperanza es mi destinacion (Hope is my destination) Solo estoy, solo estoy (I'm alone, I'm alone) Por el monte profugo me voy (through the desert, a fugitive, I go) Dias semanas y meces (Days, weeks, and months) Pasa muy lejos de ti (Pass far away from you) Muy pronto te llega un dinero (Siib you'll receive some money) Yo te quiero tener junto a mi (I want to have you near me) El trabajo me llena las horas (Work fills my hours) Tu risa no puedo olividar (Your laughter I can't forget) Vivir sin tu amor no es vida (To live without your love isn't living) Vivir de profugo es igual (To live as a fugitave is the same) Donde voy, donde voy (Where I go, where I go) Esperanza es mi destinación (Hope is my destination) Solo estoy, solo estoy (I'm alone, I'm alone) Por el monte prófugo me voy (through the desert, a fugitive, I go) Donde voy, donde voy (Where I go, where I go) Esperanza es mi destinación (Hope is my destination) Solo estoy, solo estoy (I'm alone, I'm alone) Por el monte prófugo me voy (through the desert, a fugitive, I go)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,950
  • Feb 26, 2021 12:53am Feb 26, 2021 12:53am
Tammy Wynette - Stand By Your Man
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,951
  • Feb 26, 2021 1:07am Feb 26, 2021 1:07am
Be My Baby - The Ronettes
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,952
  • Feb 26, 2021 6:12am Feb 26, 2021 6:12am
Quoting heispark
{quote} And yes, everybody watches daily pivot levels..... {image}
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,953
  • Feb 26, 2021 7:14am Feb 26, 2021 7:14am
Quoting heispark
U.S. trade groups urge Biden to cap natural gas prices after Texas freeze last week https://www.reuters.com/article/us-u...-idUSKBN2AO1YX This is their fault because they haven't properly hedged spot price risk using futures contract.....
The problem is not the weather or hedging with futures. The problem is that these firms were stupid using just-in-time (JIT) inventory to keep their natural gas inventory to the minimum required in order to save money. The disruption of natural gas delivery to these firms in Texas because of the weather resulted in prices spiking for delivery from producers to power plants operators. However, the market price of natural gas wasn't affected. On the 24 February, the date of the article, natural gas finished the day at $2.85 after hitting a high of $3.03 on 18 February. The natural gas price at this time is $2.73. Biden cannot end corporate stupidity. The only solution for these firms is not to seek communist price protection but to increase their storage capacity to ensure that delivery disruptions will not affect them.
  • #2,954
  • Feb 26, 2021 9:54am Feb 26, 2021 9:54am
Quoting heispark
{quote} Done again. {image} {image} By the way, I suggested AMP Futures to support /HH and they said: {image} If I am lucky, I may don't need to move to Advantage Futures. I really hope so as I really like AMP.......
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Ok, fair enough.... Let me move to Advantage Futures then....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,955
  • Feb 26, 2021 12:17pm Feb 26, 2021 12:17pm
Quoting heispark
{quote} {image}{image}Ok, fair enough.... Let me move to Advantage Futures then....
Actually AMP Global Cyprus is better than the USA site because you have an account protection of EUR 20,000 in the US that protection is $0
Low Commissions Futures, Forex & CFDs Trading Online Broker | AMP Global
  • #2,956
  • Feb 26, 2021 2:31pm Feb 26, 2021 2:31pm
Quoting Hutch
{quote} Actually AMP Global Cyprus is better than the USA site because you have an account protection of EUR 20,000 in the US that protection is $0 Low Commissions Futures, Forex & CFDs Trading Online Broker | AMP Global
All U.S. brokerage firms are quite safe, perhaps the safest in the world thanks to SEC.
More details: https://www.forexfactory.com/thread/...2#post11114752
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,957
  • Feb 26, 2021 3:49pm Feb 26, 2021 3:49pm
Quoting heispark
{quote} All U.S. brokerage firms are quite safe, perhaps the safest in the world thanks to SEC. More details: https://www.forexfactory.com/thread/...2#post11114752
Tell that to the customers of MF Global that lost their shirts. Being American my first broker was in the US and went bankrupt. The result is that I lost all my investment. After that 4 other brokers went bust on me. I recovered all my funds but it took 16 months with a FCA regulated brokers. SEC & NFA regulations are toothless. Total garbage protecting the firms not the traders. This is why I trade with a Canadian broker and only withdraw profits once a year. Putting money with a broker without protection is simply putting your money at risk.
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  • #2,958
  • Feb 26, 2021 7:26pm Feb 26, 2021 7:26pm
Quoting Hutch
{quote} Tell that to the customers of MF Global that lost their shirts. Being American my first broker was in the US and went bankrupt. The result is that I lost all my investment. After that 4 other brokers went bust on me. I recovered all my funds but it took 16 months with a FCA regulated brokers. SEC & NFA regulations are toothless. Total garbage protecting the firms not the traders. This is why I trade with a Canadian broker and only withdraw profits once a year. Putting money with a broker without protection is simply putting your money at...
Hum..... that's quite different from the WSJ article.......... That article says 98% of MF Global victims recovered their fund...
Also, I don't think $10K or $20K protection is enough to most serious traders either. Anyway, thank you for the information.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,959
  • Feb 26, 2021 11:07pm Feb 26, 2021 11:07pm
Quoting heispark
{quote} I am strongly guessing this is actually Activision Blizzard's fault. Their latest update looks messed this up. Waiting for their bug fix update.... I hate Blizzard too!
It turned out it was hard drive failure. Finally found some time for hard replacement and system reinstallation. You know what, for the both HD & SW perspective, Sony PS4 is a huge piece of shit. PS4 Pro is my first and last Playstation. Take this Sony !!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,960
  • Feb 27, 2021 8:19am Feb 27, 2021 8:19am
Quoting heispark
{quote} Hum..... that's quite different from the WSJ article.......... That article says 98% of MF Global victims recovered their fund... Also, I don't think $10K or $20K protection is enough to most serious traders either. Anyway, thank you for the information.
Canada has $1 million protection and unknown to most is that big US traders trade with Canadian registered brokers since the protection in the US is an immense $0 You can find the all firms from which customers are protected by the $1 million on this site:

Current CIPF Members

Some brokers will not open an account unless the customer has a bank account in Canada. This wasn't the case in 2005 but now I have a USD bank account in Canada to withdraw my profits.
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