Short DAX at 7740

[JSSPMK]

3rd still long

added 2 long here

sold 2 +8

1 lot still long

 

[JSSPMK]

added 2 long

-0.5

1 still long

3rd sold +14.5

short 3

-3.5

short 3

7515 would be good to get

-2

short 3

 

[JSSPMK]

scaled out 2 lots +9

3rd -1.5

short 3

 

[JSSPMK]

+1.5 reversing long 3

-2.5

long 3 same level

scaled out 2 +10.5

 

[JSSPMK]

3rd lot +38.5

 

[ASusilovic]

Some U.S. technical indicators suggesting that rally will go on and surprise bearish market participants, who are trying to fade it...a "correction" of a "downward trend" - they will find out soon - may occur in much wilder upswings then they anticipated...as I stated already last week I am liquidating my FDAX long-term positions ( built up during my dynamic hedge "program" )...straddle beginning to show also "results"...I have no target for this rally, because I am generally skeptic about the macroeconomic environment ( subprime crisis and related implications - by the way : a lot of people not aware that we are experiencing a similar forcelosure crisis because of rising ARM´s in other countries around the globe like on the Spanish market ! )...

So, selling into strength as long as there is liquidity is the name of the game !

GL+GT

 

[JSSPMK]

Quote from ASusilovic:

Some U.S. technical indicators suggesting that rally will go on and surprise bearish market participants, who are trying to fade it...a "correction" of a "downward trend" - they will find out soon - may occur in much wilder upswings then they anticipated...as I stated already last week I am liquidating my FDAX long-term positions ( built up during my dynamic hedge "program" )...straddle beginning to show also "results"...I have no target for this rally, because I am generally skeptic about the macroeconomic environment ( subprime crisis and related implications - by the way : a lot of people not aware that we are experiencing a similar forcelosure crisis because of rising ARM´s in other countries around the globe like on the Spanish market ! )...

So, selling into strength as long as there is liquidity is the name of the game !

GL+GT

There is a bearish divergence on 4 hour chart ES and so-so one on DAX, FOMC minutes might take ES to 1500 mark where I think sellers will be coming in strongly. Basically fade da news is expected near 2pm Eastern.

Short 3 here off 2 min chart

scaled out +8.5

Quote from JSSPMK:



<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1583306>

 

[vertigo3]

FOMC minutes: That meeting occurred BEFORE the Fed's Discount Rate cut. That cut, though primarily symbolic, represents a new perspective for the Fed and could possibly relegate the minutes to a true case of "yesterday's news." Just a thought.

 

[vertigo3]

JSS,
when you say "head fake" are you talking about
A) a drop that recovers strongly
-or-
B) a move higher that reverses?

 

[JSSPMK]

Quote from vertigo3:

FOMC minutes: That meeting occurred BEFORE the Fed's Discount Rate cut. That cut, though primarily symbolic, represents a new perspective for the Fed and could possibly relegate the minutes to a true case of "yesterday's news." Just a thought.

True interpretation of news is price action as we all know, I will be first to admit that I have no understanding of fundamental analyses, so in a way FOMC minutes are meaningless to me, but a time to look at sudden increase in volatility and fade it off either near extreme tops/bottoms, small stop and potentially large gain.