Short DAX at 7740

Seems logical to cover last lot now, but I am still going with 240 and treating this as a headfake upside, so keeping stop at entry to b/e on last lot. GL all.
 
"President George W. Bush today will announce steps the administration says will help people with subprime mortgages keep their homes.

Bush will let the Federal Housing Administration, which insures mortgages for low-and middle-income borrowers, guarantee loans for delinquent borrowers, allowing them to avoid foreclosure and refinance at more favorable rates, according to an administration official. "

What shall I say ? Dynamic hedge fully paid off ! Straddle paid off ! UNfortunately only not enough FDAX long as I sold them into strength the last days...

:D :D :D
 
Quite a loss over last 2 trading sessions. Here is why I was a seller then (DOW chart).

Anyway, back to short term trading now and Short 3 off 5 min chart showing a potential failure swing, 1 min based entry.

Scaled out 2 +10

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1589943>
 
You must log in or register to reply here.
Back
Top