Gustav and the Oil Volatility Index [View article]
I have looked at this graph,and you know what? This graph have no meaning to an experienced trader but I expect novice trader would not sleep at night thinking about what you just showed and how to interpret it. Relax everybody,here what it means (nothing actually) The volatility in commodities markets are little bit different from let's say stock market index as daily fluctuations are bigger,that simple. The higher is ATR (average true range a day) the bigger is volatility,nobody can make money knowing volatility of let's say CL or NG or just anything else as prices are driven by expectations for the future but even then daily fluctuations are daily fluctuations. If one have good idea where the price of anything goes then he gives a s..t about volatility,Gustav and just anything else. Yesterday I was trading alltogether about 20-24 mini NatGas in and out 1 hour before close of electronic session.I didn't even had time to read about Gustav as for me 10% fall in the price of NG was enough to cut few cents up and down the way when in a meantime some other traders tried to know more about Gustav.I made about 2500$ in less than 30 minutes same as I made 2200$ selling hen buying 2 CL,it took about 10 minutes. Who is Gustav by the way?Where he comes from?Is he cool?
Gustav and the Oil Volatility Index [View article]
This graph have no meaning to an experienced trader but I expect novice trader would not sleep at night thinking about what you just showed and how to interpret it.
Relax everybody,here what it means (nothing actually)
The volatility in commodities markets are little bit different from let's say stock market index as daily fluctuations are bigger,that simple.
The higher is ATR (average true range a day) the bigger is volatility,nobody can make money knowing volatility of let's say CL or NG or just anything else as prices are driven by expectations for the future but even then daily fluctuations are daily fluctuations.
If one have good idea where the price of anything goes then he gives a s..t about volatility,Gustav and just anything else.
Yesterday I was trading alltogether about 20-24 mini NatGas in and out 1 hour before close of electronic session.I didn't even had time to read about Gustav as for me 10% fall in the price of NG was enough to cut few cents up and down the way when in a meantime some other traders tried to know more about Gustav.I made about 2500$ in less than 30 minutes same as I made 2200$ selling hen buying 2 CL,it took about 10 minutes.
Who is Gustav by the way?Where he comes from?Is he cool?