8 replies to this topic

[SilentOne]

I've stop playing natgas itself a while ago. A losing proposition for 2 years now. But there have been some very nice swing trades on gas stocks like ECA. One is setting up right now.

I'm long and playing an approximate 20 week swing cycle. Shoulder season is starting which compounds volatility. Gas seasonas only really start late Sept. Looking at this chart, I'm not sure I am going to see a better entry than last week.

cheers,

john

Edited by SilentOne, 30 August 2010 - 12:01 PM.

[johngeorge]

I've stop playing natgas itself a while ago. A losing proposition for 2 years now. But there have been some very nice swing trades on gas stocks like ECA. One is setting up right now.

I'm long and playing an approximate 20 week swing cycle. Shoulder season is starting which compounds volatility. Gas seasonas only really start late Sept. Looking at this chart, I'm not sure I am going to see a better entry than last week.

cheers,

john

I started too early with nat gas this year and am underwater in GAZ and PMGYF. Howsoever, it looks to me like we had a nice turnaround day on Friday and will be looking to add to my positions next week. And, yes IMO, nat gas is in it's best seasonals now.

Thanks for the great chart!

Best to you.

[dougie]

some say NG is dead money now except for bounces: too much capacity and easy to bring online: what says you to the funnymentals?

[SilentOne]

some say NG is dead money now except for bounces: too much capacity and easy to bring online: what says you to the funnymentals?

dougie,

I'm not sure the fundamentals will be good for natgas for some time. But I am simply trying to trade a swing in this stock. Natgas is sporting with its 2 year lows again. Gotta give it a try.

cheers,

john

[diogenes227]

There are so many other fish to fry...

[SilentOne]

There are so many other fish to fry...

This is for our conservative accounts ...

One has to divide up assets into different buckets IMO, especially when we are talking big numers.

cheers,

john

[SilentOne]

I've stop playing natgas itself a while ago. A losing proposition for 2 years now. But there have been some very nice swing trades on gas stocks like ECA. One is setting up right now.

I'm long and playing an approximate 20 week swing cycle. Shoulder season is starting which compounds volatility. Gas seasonas only really start late Sept. Looking at this chart, I'm not sure I am going to see a better entry than last week.

cheers,

john

Stopped out from this trade. Stops tightened and exit at $29.75 Cdn yesterday. ECA remains within a downtrend channel and fails to show anything bullish.

cheers,

john

[diogenes227]

I guess this will be a real of test of the concept of support becoming resistance.

http://stockcharts.c...4000&r=2799.PNG

[SilentOne]

hi diogenes227,

Nothing bullish here. I know that oil has to make an important bottom late this year (as well as stocks), so I imagine energy issues are not going to attract many buyers. ECA is still in a downtrend when viewing the channel and weekly indicators.

cheers,

john