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The Natural Gas Roller Coaster. Jan 16th 14.2% tradeable range


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The Natural Gas Roller Coaster. Jan 16th 14.2% tradeable range

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  #61 (permalink)
 
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 sands 
London + UK
 
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SMCJB View Post
I assume you are talking about NG? Natural Gas is extremely volatile/choppy/gappy what ever you want to call it. Huge 10% moves day after day. If your looking to 'try out NG' for lack of a better expression i would suggest you wait until next Thursday 27th once March has expired and hopefully some normality returns to the market.

Yes mate NG. thanks for the advice I will take a look again when it rolls over

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  #62 (permalink)
CafeGrande
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SMCJB View Post
You can get some reports but they are PDFs. Go to the data site and select " End of Day Reports", then "ICE Futures US - Energy", and "DMR-IFED Futures" and then under contract select what you want (or even all)

Thank you. If it's of benefit to others, the DMR-IFED report is a huge pdf full of tables for gas, electricity and the kitchen sink. As far as I know, you can't filter it by commodity or trade type before downloading, so if you want to follow a handful of market points, you should find the codes for the reports and download them individually. To build any kind of broader, longer term database, I think it's time to subscribe to the ICE or to a third party firm that consolidates the data.

P.S. I'm going to ask the ICE how much the gas-only report costs. If their response doesn't give me a heart attack, I'll report back.

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  #63 (permalink)
 
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 SMCJB 
Houston TX
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Been posting this in the Options thread for several months now. Will start posting this here as well as long as this thread is active

EIA Natural Gas Storage Report Expectations 13-Feb-14 for week ending 6-Feb-14

The largest survey I see (38 respondents) shows
Average -259
Median -260
Range -236 to -283
Std Dev 8.7 (that's pretty high)

This week last year -131
5yr Average -133

Actual report will be available at Weekly Natural Gas Storage Report - EIA at 1030 EPT

At time of writing 9:11am EPT, NG market is down 6.5c but has already had over a 50c range TODAY. Trading as high as $6.40 (+25.1c) in the middle of the night (4am) and as low as $5.892 (-25.7c) this morning.

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  #64 (permalink)
 
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 SMCJB 
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CafeGrande View Post
Thank you. If it's of benefit to others, the DMR-IFED report is a huge pdf full of tables for gas, electricity and the kitchen sink. As far as I know, you can't filter it by commodity or trade type before downloading, so if you want to follow a handful of market points, you should find the codes for the reports and download them individually. To build any kind of broader, longer term database, I think it's time to subscribe to the ICE or to a third party firm that consolidates the data.

P.S. I'm going to ask the ICE how much the gas-only report costs. If their response doesn't give me a heart attack, I'll report back.

The report I get is basically that DMR-IFED report in excel so its easy to import and sort. Sounds like what you are looking for. They have lots of reports they email out but the one you are probably looking for is their "Cleared Gas Settlement" and not their EOD report. Make sure you make that clear because I know the EOD report is very expensive.

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  #65 (permalink)
 
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 liquidcci 
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sands View Post
I tried trading this market, but myself found it was not as easy to trade as CL. The liquidity was a low at the time I was trading it, that may have been a big factor. Hows the liquidity for you folks trading it now? do you see a lot of gapping in the market and apart from the weather how would you describe the way this market trades? I'd be interested in some of your opinions on this. Thanks.

I am really not finding it to be gappy or thin. Now it does move very very fast. Much faster than CL as of late and has great range. It reminds me of the way CL moved a few years ago. I execute on an automated strategy so speed is not a problem.

We are in winter so my opinion about liquidity might change as winter ends.

If you want volatility and range for last two months has been the mother of all contracts.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #66 (permalink)
 dnkhoward2 
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Nice bullish chart with some upside;

Kimble Charting Solutions Blog Mother of all ?[AUTOLINK]Bullish[/AUTOLINK] Head & Shoulders? patterns update-

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  #67 (permalink)
CafeGrande
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SMCJB View Post
The report I get is basically that DMR-IFED report in excel so its easy to import and sort. Sounds like what you are looking for. They have lots of reports they email out but the one you are probably looking for is their "Cleared Gas Settlement" and not their EOD report. Make sure you make that clear because I know the EOD report is very expensive.

The good news is they responded promptly. The bad news is the price. The EOD report for gas only that includes three major sections (the INDICIES, ACTIVITY and DEALS tabs) is 1500 buckaroos per month for one to three users. I then followed up to ask about the "Cleared Gas Settlement" report because I'm only looking for the data in the INDICIES tab, and the guy said that information is available only to ICE participants.

So, I'm going to hunt and peck for a few market points where I want to gather occasional forward basis information. When I get sick of that I might try to figure out a script/macro to automate the process. If that fails I might hire my lovely assistant (my wife) to do the grunt work. And when she gets sick of it, I will have made so much money that I can justify $1500/mo!

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  #68 (permalink)
 
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 liquidcci 
Austin, TX
 
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Could many CL traders be moving to NG? CL has been kind of dead for a while relative to the what it use to do. While NG is on fire. It trends directionally so strong looks like traders pile into it when it moves with the trend. It gets kind of crazy which I like. 30 to 40 tick targets can get hit easily within minutes if not seconds at times.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #69 (permalink)
 
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 Daytrader999 
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liquidcci View Post
Could many CL traders be moving to NG? CL has been kind of dead for a while relative to the what it use to do. While NG is on fire. It trends directionally so strong looks like traders pile into it when it moves with the trend.

I already did.

But when it moves it's most often way too fast to get in manually, so I'm currently working on an automated strategy...should be accomplished on the weekend.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #70 (permalink)
 
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 liquidcci 
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Daytrader999 View Post
I already did.

But when it moves it's most often way too fast to get in manually, so I'm currently working on an automated strategy...should be accomplished on the weekend.

Good deal @Daytrader999

I agree it really takes an automated strat to handle the speed. The speed is really insane at times but very profitable.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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