Justin's Playground | Page 149 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple Playground 2 replies

P's playground 7 replies

Playground Price action 2 replies

Attachments: Justin's Playground
Exit Attachments

Justin's Playground

  • #2,961
  • Mar 3, 2021 7:38pm Mar 3, 2021 7:38pm
After cold snaps, Freeport LNG sees strong demand for LNG this summer

https://www.reuters.com/article/us-c...-idUSKBN2AV2PN
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,962
  • Mar 4, 2021 7:07am Mar 4, 2021 7:07am
Quoting heispark
After cold snaps, Freeport LNG sees strong demand for LNG this summer https://www.reuters.com/article/us-c...-idUSKBN2AV2PN
Looks like Freeport LNG has a crystal ball that reports what Freeport LNG wants to see but their crystal ball is flawed.
We will see when summer starts if their crystal ball was correct. If not Freeport LNG will publish another prediction
  • #2,963
  • Mar 5, 2021 7:39am Mar 5, 2021 7:39am
Natural Gas Futures vs. CFD
(15M chart)

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-05_22-34-59.png Size: 1.5 MB

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-05_22-33-35.png Size: 28 KB

There are clear reasons why U.S. government banned CFD trading......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,964
  • Mar 5, 2021 10:53am Mar 5, 2021 10:53am
Quoting heispark
Natural Gas Futures vs. CFD (15M chart) {image} {image} There are clear reasons why U.S. government banned CFD trading......
CFDs, Crypto and metals are banned in the us to "protect traders" ... this is a joke
  • #2,965
  • Edited 7:14pm Mar 5, 2021 5:51pm | Edited 7:14pm
Quoting Hutch
{quote} CFDs, Crypto and metals are banned in the us to "protect traders" ... this is a joke
Perhaps, kind U.S. government doesn't want to see over 90% of their innocent people losing their money... God bless America !!
Even Warren Buffett once said U.S. government should ban Derivatives trading and Peter Lynch agreed upon it in his book. Actually, I myself don't understand why average people like me are allowed to trade futures, options, forex,.. etc stuff. These are made for professionals in financial businesses. For average people, these are just another form of casino. Actually, futures market is also known as 'Wall Street's casino' among Wall Street people. The only thing I can value for average people is equity market which is not zero sum game. Anyway, that's my personal opinion. OTC is very common form of trading these days. Swaps and Dark Pools are also OTC as much as Forex or CFD. Not sure why CFD alone is banned.

Edit: The spike in my IC Market CFD chart could be a chart glitch since other brokers don't have it. It happens time to time. If I were in real trading and my SL got hit, the broker would compensate my loss. Anyway, that should be quite annoying experience.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,966
  • Mar 5, 2021 8:48pm Mar 5, 2021 8:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-06_11-47-17.png Size: 332 KB

https://www.hellenicshippingnews.com...s-spot-prices/

Surprisingly, futures market was relatively calm nonetheless. Maybe thanks to massive gas inventory.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,967
  • Mar 7, 2021 5:28pm Mar 7, 2021 5:28pm
Quoting heispark
{quote} Two limit buy orders were executed at 0.038.
Currently it's 0.053. Very slow but so far so good...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,968
  • Mar 7, 2021 5:41pm Mar 7, 2021 5:41pm
Quoting heispark
Natural Gas Futures vs. CFD (15M chart) {image} {image} There are clear reasons why U.S. government banned CFD trading......
This spike is sill not fixed in my chart at this time of writing..... Perhaps this is a real broker side manipulation instead of a chart glitch..... Bad IC Markets...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,969
  • Mar 8, 2021 7:54am Mar 8, 2021 7:54am
Quoting heispark
Amazing WCU..... Wait until people are no longer interested in headline news. It may take several months before you finally enter safely. It works over and over again.... {image} (blue line is gold) {image} WCU is safer than Davit's pivot system. He blew his account when Corona virus hit the world but WCU followers wouldn't. If you are typical 95% day trading loser, try it seriously before you quit trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-08_22-53-32.png Size: 526 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,970
  • Mar 8, 2021 7:55am Mar 8, 2021 7:55am
Quoting heispark
{quote} EUR is falling.... Magical WCU..... Try to do some brainstorming to implement this edge to your strategy. The biggest hurdle is negative RR.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-08_22-55-03.png Size: 481 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,971
  • Mar 8, 2021 8:00am Mar 8, 2021 8:00am
The latest WCU. Commodity currencies are heading into final peak. Wait until you don't see much commodity headline news from Bloomberg or CNBC before you start shorting them.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-08_22-57-10.png Size: 3.4 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,972
  • Mar 8, 2021 8:10am Mar 8, 2021 8:10am
Nat Gas is heading to 200 EMA in Daily chart. 50 & 200 EMA is a king at least in Nat Gas trading. Not sure how some people even attempt to trade without MAs.......
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-08_23-07-13.png Size: 445 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,973
  • Mar 8, 2021 8:18am Mar 8, 2021 8:18am
Quoting heispark
{quote} The latest version of MotiveWave has Bookmap 'look-a-like' feature. Actually, I think they copied Bookmap as I suggested to them. Their feature is less powerful compared to Bookmap but it's free of charge to MW users anyway. https://youtu.be/wgANNIR8YIQ
MW has released 6.4.2 today. It looks they fixed a bug I reported in this release. Now it looks closer to Bookmap.
Inserted Video

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-08_23-16-35.png Size: 1.5 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,974
  • Mar 9, 2021 4:18am Mar 9, 2021 4:18am
Quoting heispark
S&P500 Energy Index I can say we've seen the bottom....... Another reason I don't want to short Nat Gas in a longer term..... {image}
Strong resistance ahead.........
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-09_19-14-53.png Size: 527 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,975
  • Mar 9, 2021 7:55pm Mar 9, 2021 7:55pm
U.S. natgas output to rise, while demand falls for second year in 2021

https://www.reuters.com/article/us-u...-idUSKBN2B12CY

(Reuters) - U.S. natural gas production will edge up in 2021, while demand declines for a second year in a row as economic fallout from coronavirus lockdowns continue to plague the market, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.
The EIA projected dry gas production will rise to 91.35 billion cubic feet per day (bcfd) in 2021 and 92.83 bcfd in 2022 from 91.34 bcfd in 2020. That compares with an all-time high of 93.06 bcfd in 2019.
It also projected gas consumption would fall to 82.52 bcfd in 2021 and 81.60 bcfd in 2022 from 83.25 bcfd in 2020. That compares with a record high of 85.15 bcfd in 2019.
If the outlook is correct, 2021 would mark the first time consumption falls for two consecutive years since 2006, and 2022 would be the first time it falls for three years since 1983.
EIA’s projections for 2021 in March were higher than its February forecasts of 90.50 bcfd for supply and 81.71 bcfd for demand.
The agency forecast U.S. liquefied natural gas exports would reach 8.29 bcfd in 2021 and 9.22 bcfd in 2022, up from a record 6.53 bcfd in 2020. That is lower than its February forecast of 8.46 bcfd in 2021.
The EIA projected U.S. coal production will rise to 581.2 million short tons in 2021 and 610.3 million short tons in 2022 from 539.1 million short tons in 2020, its lowest since 1965, as power plants burn more coal due to a forecast increase in gas prices.
The EIA projected carbon emissions from burning fossil fuels will rise to 4.843 billion tonnes in 2021 and 4.954 billion tonnes in 2022 as power generators burn more coal. That is up from 4.583 billion tonnes in 2020, which was the lowest since 1983.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,976
  • Edited 9:01pm Mar 9, 2021 8:02pm | Edited 9:01pm
Quoting heispark
Personally I don't see good Nat Gas spread trading opportunities at the moment. Forward curve is somewhat flat..... I'd more focus on my day trading for the time being. {image}
Still not found decent spread trading opportunities.... Very boring market. Submitted a pending buy @ -0.036 and -0.040 of NGJ21-NGK21 spread right before in a hope the gap becomes narrower when it comes closer to the expiration. Margin is only $250 per contract, which means its volatility is pretty low.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,977
  • Mar 9, 2021 8:41pm Mar 9, 2021 8:41pm
I just have reported another bug with MotiveWave...... MW has never ending bugs. I think I am their product tester for free of charge.....
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,978
  • Mar 9, 2021 8:56pm Mar 9, 2021 8:56pm
Quoting heispark
{quote} {image}{image}Ok, fair enough.... Let me move to Advantage Futures then....
I think I've found cost-effective alternative to Advantage Futures. Sierra Futures (aka Stage5 Trading) can clear /HH via Gain Capital as clearing. They have much lower minimum deposit requirement compared to Advantage which requires $10K as minimum. However, they are still working on exchange recognized spread trading. I expect they're ready by next month.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-10_11-50-25.png Size: 130 KB

By the way, /NGJ21-/HHJ21 is also quite boring so far.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-10_11-50-48.png Size: 319 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,979
  • Mar 16, 2021 6:27pm Mar 16, 2021 6:27pm
Quoting heispark
{quote} Wow..... glad I moved from CQG to Rithmic.... What happened to CQG? {image} {image} https://www.sierrachart.com/SupportB...ThreadID=46231
CQG often experiences technical issues.... Rithmic is much better.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-17_08-22-07.png Size: 390 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,980
  • Mar 17, 2021 7:34pm Mar 17, 2021 7:34pm
Nat Gas market is just boring. Daily range is decreased significantly as well. The market hardly moves until regular market open. At this time of the year, people are not very interested in nat gas trading......
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
8 traders viewing now