Short DAX at 7740

Quote from ASusilovic:

Profit taking should be an expression that should dictate Friday´s action.
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Asus.
so far it looks like the typical action we've seen all week. Make lows in the first 15 minute of trading and she takes off.

do u think options expires will affect that trend today.
 
Quote from ASusilovic:

408 lots bid 5007.00. LOL ! We got a kindergarten player running around...
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I do not see volume so that I didn't get it, would you mind to explain?

I see traded contracts 110k so that it is 0.4% that is not a lot, I guess.
You say that he can be easily cornered?!
I do not see reason why wouldn't you trade 408 lots.
 
It looks to me that fall to 5050 as retracement.
Sorry, I'm quite sceptic here:
Why did you enter?
How do you want to hold it?
What is your R/R, cannot be greater than 1?
Did you base it on some indicator, I do not see enoug info.
Isn't it better to close that calls and recover some theta?

SMI broke top level, FTSE is getting closer to 4500, it is quite steep run, there is a possiblity to break 5185.
 
Quote from archimg77:

It looks to me that fall to 5050 as retracement.
Sorry, I'm quite sceptic here:
Why did you enter?

More then 15 years DAX experience told me so.

How do you want to hold it?

I suppose the question was : how long ? Answer : Depends on ES movement. As we all know, ES is FDAX` shadow "chancellor"...:p

What is your R/R, cannot be greater than 1?

Risk / Reward must be lower then 1 otherise trade doesn´t make sense from a R/R point of view.

Did you base it on some indicator, I do not see enoug info.

No, I do not base trade entries solely on "indicators" - otherwise it would be a purely mechanical and "stiff" "trading system" I am pursuing. But I am a discretionary, nevertheless high frequency player.

Isn't it better to close that calls and recover some theta?

He, he, he. If you are following my thread for a while, you will recognize that I am entering sometimes straight calls or strangles at that point of the game. If you take a look at your monitor one certain statistical indicator is generously offering to enter option plays. I like especially strangles beacuse they have a "double effect". Firstly a speculative one and secondly a hedging one.

SMI broke top level, FTSE is getting closer to 4500, it is quite steep run, there is a possiblity to break 5185.
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Expect in the next couple of days a pullback in FDAX bringing us hard back to daily SMA. Have fun.

And don´t forget : tomorrow is IFO numbers release.
 
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