Thursday, September 10, 2009
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.
Posted by Jeff York at 11:29 AM