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"NG" (NYMEXG) - How's the liquidity?


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"NG" (NYMEXG) - How's the liquidity?

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  #1 (permalink)
Revan
Brisbane, Australia
 
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Just wondering if the "NG" NYMEX/Globex market is nice and liquid and what I can expect from it, also would it be a good market for a beginner? thanks..

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 SMCJB 
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It's not as liquid as Crude/CL but it's pretty liquid. You can expect 50 lots up 1 tick wide in prompt.
Implied engine works for the first 24 months, so there's reasonable liquidity out 24 months. In the backs best market is often inside the shown market.
It's a seasonal market and very Weather dependent. Be careful of the Mar-Apr spread which is the Winter-Summer spread that drives the shape of the entire curve.

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Palais Brongniart's Avatar
 Palais Brongniart 
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I trade NG intraday on ticks. My second important commodity beside CL. Large moves, up to 3-4%/day can happen several times per month. You need good understanding of NG price structure. It is a beast (like CL). Moves are more anarchistic than CL imho, but if you catch 75% of a NG price move, it can make your month.
It is an intraday traders' heaven but it must fit your risk sensitivity and your account. Thursdays are important because of US storage numbers. Also correlation sometimes to CL inventories (wednesdays). Can move negatively or positively correlated to CL. (more negatively)
Without knowing your trading strategy, it is difficult to say more here.
I dont do spreads or seasonal trades, just plain futures with up to 3 days holding period.

It is NOT a beginners market!

Best, Palais



Revan View Post
Just wondering if the "NG" NYMEX/Globex market is nice and liquid and what I can expect from it, also would it be a good market for a beginner? thanks..


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Revan
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SMCJB View Post
You can expect 50 lots up 1 tick wide in prompt.

I understand what a 50 lot is and what an uptick/downtick is, could you clarify?


Palais Brongniart View Post
Without knowing your trading strategy, it is difficult to say more here.

It is NOT a beginners market!

My strategy is to scalp i.e. get in and get out making a couple ticks in a short period of time, what are the beginners markets anyway? things like corn, soybeans and other softs?

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Palais Brongniart's Avatar
 Palais Brongniart 
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Revan View Post
I understand what a 50 lot is and what an uptick/downtick is, could you clarify?



My strategy is to scalp i.e. get in and get out making a couple ticks in a short period of time, what are the beginners markets anyway? things like corn, soybeans and other softs?

I think he means average tick volume.

Probably there are no beginner markets. Just adjust down your capital at risk sufficiently. NG might be a good scalpers market, don't know. maybe. Ask them scalpers. Enjoy your Sunday.

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 SMCJB 
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SMCJB View Post
You can expect 50 lots up 1 tick wide in prompt.


Revan View Post
I understand what a 50 lot is and what an uptick/downtick is, could you clarify?

Bid-Ask is one tick wide with 50 lots or more on both sides of market

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Last Updated on April 15, 2018


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