Short DAX at 7740
- Thread starter ASusilovic
- Start date
I have been out and was unable to trade the sell off into the MOC, but still wanted to post a 5 min and 2 min charts as they are just too good of an example of exploiting signal on higher time frame triggered by a lower time frame's histogram.
Nice weekend to all
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1547349>
P.S. Correlation between ES and DAX is imperative during US RTH ImO.
Nice weekend to all
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1547349>
P.S. Correlation between ES and DAX is imperative during US RTH ImO.
Has been a bad week for me - although my portfolio is hedged. Didn´t expect this sellout, i.e. spike in vola.
Fundamentally, nothing has changed. O.K. there´s some credit spread widening on the way. But, so what ? This is normal repricing of risk. Some might argue that credit widening has effect of raising interest rates...HA, ha...But bear in mind this does not apply to the whole economy in U.S. !!!
Does it have any implications on world economy ? Are U.S. subprime mortgage worries that important to global economy ?
Answer : Not as much as mainstream media wants us to believe !
The yield at the long end of the curve is below 5 %.
Japan still with very low interest rates, even when BOJ hikes in August. Who cares about a quarter hike ??
Carry trades will come back. Definetely.
Oil prices in U.S. going up - imported U.S. inflation going up- U.S. exports pretty decent => might be good setup for a stronger USD in coming month.
And finally : Do I expect slowing earnings by U.S. compamanies ? Well, have to differentiate on this issue :
certain industries - like real estate and mortgage related will have a hard time. But all others are benefitting from a buoyant global economic environment.
Therefore : this correction is in some way very good for the markets. It gives money managers the possibility to put some extensive cash reserves to work.
This is a bargain hunting opportunity.
Fundamentally, nothing has changed. O.K. there´s some credit spread widening on the way. But, so what ? This is normal repricing of risk. Some might argue that credit widening has effect of raising interest rates...HA, ha...But bear in mind this does not apply to the whole economy in U.S. !!!
Does it have any implications on world economy ? Are U.S. subprime mortgage worries that important to global economy ?
Answer : Not as much as mainstream media wants us to believe !
The yield at the long end of the curve is below 5 %.
Japan still with very low interest rates, even when BOJ hikes in August. Who cares about a quarter hike ??
Carry trades will come back. Definetely.
Oil prices in U.S. going up - imported U.S. inflation going up- U.S. exports pretty decent => might be good setup for a stronger USD in coming month.
And finally : Do I expect slowing earnings by U.S. compamanies ? Well, have to differentiate on this issue :
certain industries - like real estate and mortgage related will have a hard time. But all others are benefitting from a buoyant global economic environment.
Therefore : this correction is in some way very good for the markets. It gives money managers the possibility to put some extensive cash reserves to work.
This is a bargain hunting opportunity.
3d lot -2.5
Short 3
b/e
short 3
holoding, possible 3rd last peak
almost at "puke point", still possible 3rd lower peak
-8.5 doesn't look right any longer
Bullish slow grind days are not my cup of tea at all, this on short term charts looks like might be one of those days, who knows, -26.5 Gross so far, will be looking out for better build ups later.
Short 3
b/e
short 3
holoding, possible 3rd last peak
almost at "puke point", still possible 3rd lower peak
-8.5 doesn't look right any longer
Bullish slow grind days are not my cup of tea at all, this on short term charts looks like might be one of those days, who knows, -26.5 Gross so far, will be looking out for better build ups later.