Thursday, September 10, 2009

Natgas update

Natgas closed at $3.25 today........up 30% in 1 week, since my bottom call last week on the monthly S1 pivot. 1 natgas mini futures contract(QG) costs $1500 and pays $25 per penny move. If you would have bought 1 at Ms1, you would be up $2000.......... Pivots are a traders best tool! They tell us where the risk vs reward is the greatest, and when we are wrong, so we can take small losses.