Short DAX at 7740

[David M]

xty - I am in scalping mode not looking to hold my short for a long while ... target would 20-30 points from here ... the dax followed the move from the S&P which was on very low volume considering the jump.

FYI already out half @40 other half at BE stop

 

[xty]

Quote from David M:

xty - I am in scalping mode not looking to hold my short for a long while ... target would 20-30 points from here ... the dax followed the move from the S&P which was on very low volume considering the jump.

FYI already out half @40 other half at BE stop

i do scalp too. but by the time u close the position and 5 mins later its gone ur way by another 30 points

 

[David M]

yep usually it does , thus using trailing stops and multiple positions helps.

 

[xty]

Quote from David M:

yep usually it does , thus using trailing stops and multiple positions helps.

i have to admit am struggling with this directional trades.............i am one of those that believe the God is a mathematician and in the last couple of weeks Fdax has violated all the rules

 

[ASusilovic]

April 24 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest bank, may report record trading revenue at its securities division in the first quarter as credit markets stabilized.

Buying and selling bonds, currencies and commodities probably boosted trading revenue, excluding writedowns, above the 5.07 billion-euro ($6.7 billion) record in the first three months of 2007, people familiar with the matter said. The rebound will propel earnings at the Frankfurt-based bank, which posted a 4.8 billion-euro loss in the final quarter of 2008, analysts said.

I heard about good trading results from Deutsche, but 6.7 billion exceeds my expectations exponentially

 

[ASusilovic]

Bafin beziffert Kreditrisiken auf 816 Milliarden Euro

Ein geheimes Papier der Bafin ist öffentlich geworden - und sorgt für Aufregung. Für 17 Banken schlüsselt es milliardenschwere Risikoposten auf. Die Behörde warnt vor Fehlinterpretationen und hat die Staatsanwaltschaft eingeschaltet.

 

[David M]

Good Morning every one, first trade for the day (risky but I cant help it)

Short @4620
tight stop

Add @4630

 

[David M]

out half @ 4610

using TS for the other half.

covering another lot at 4605.

and leaving one contract on BE, still can go down for today.

 

[ASusilovic]

Quote from ASusilovic:

April 24 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest bank, may report record trading revenue at its securities division in the first quarter as credit markets stabilized.

Buying and selling bonds, currencies and commodities probably boosted trading revenue, excluding writedowns, above the 5.07 billion-euro ($6.7 billion) record in the first three months of 2007, people familiar with the matter said. The rebound will propel earnings at the Frankfurt-based bank, which posted a 4.8 billion-euro loss in the final quarter of 2008, analysts said.

I heard about good trading results from Deutsche, but 6.7 billion exceeds my expectations exponentially

At least, I do know now who is on the other side of my short trades.

 

[David M]

new short @4635

out half @4625

leaving other half @ BE maybe this time I get more lucky

covered other half @4627 due to bounce of the trend line <<< bad trade


*** hoped for a more volatil session today

re-entered small short @ 4623