Short DAX at 7740

Quote from archimg77:

Well, I saw that spike and I guessed that it took some stops but I guess you would give stops some leeway, 5- 10 points.

I know, you mentioned GS on ES channel but I guessed they did it much higher, 1150 or so. So they are already loosing money you say.

If you want to place large orders on institutional desks, you need a "buffer zone"...This has nothing to do with losing money. Last time GS sold 1000 lots in the large S&P pit we went down 65 ES points ;=) They sold the 1000 one day before the start of the sell off.
 
Quote from ASusilovic:

If you want to place large orders on institutional desks, you need a "buffer zone"...This has nothing to do with losing money. Last time GS sold 1000 lots in the large S&P pit we went down 65 ES points ;=) They sold the 1000 one day before the start of the sell off.

Sure, big orders require lots of liquidity.
Well, I was not sure how big was the order so I looked at the volume. Montly volume is lets say 500k-1M, the average daily volume is 25-50k so it seems like a nice chunk of the daily volume.
(I know goes to 2006 but I could not find better data, :-))
 

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Quote from ASusilovic:
German jobless workers fall 40,000 in Sept. Unemployment Rate 7.5 %. Very good news for every worker in Germany !

I was looking for such surprise but I admit I didn't expect Spain's downgrade.

If we want to go down news from US should help.
 
Trailing profit stop hit. I will let the bulls do their homework. When they arrive in my comfort zone between 6300, 6350 and 6400 calls, next Sell orders are waiting.
 
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