Short DAX at 7740

[younouss]

Quote from asap:

i hope you dont feel offended, i was just trying to say it entertains me because i trade the dax with a black box which is totally neutral to TA or news bias and thus, it is quite interesting seeing what the other side of the trade thinks of the dax, as prices evolve.

cheers

No worries not offended at all, as I told you , I was curious. Is your blackbox doing well these last 2 months?

 

[asap]

Quote from younouss:

No worries not offended at all, as I told you , I was curious. Is your blackbox doing well these last 2 months?

not really. july was really messy but august was relatively ok. the sudden increase in vola turns an otherwise successful algo into a lose canon. clearly , i'd get the most out of it when vola resumes the downtrend.

 

[JSSPMK]

Quote from asap:

not really. july was really messy but august was relatively ok. the sudden increase in vola turns an otherwise successful algo into a lose canon. clearly , i'd get the most out of it when vola resumes the downtrend.

Interesting, so basically you are following a trend based "system". On the other note charts look quite scary ImO, if support doesn't materialise, then it's getting closer for a possible big drop. Indicators heading lower, though world indexes seem to advance bit by bit looking more like a bear flag, 4 hour chart's MACD is at centerline. Anyway, that's my 2c based on classic TA .

 

[asap]

Quote from JSSPMK:

Interesting, so basically you are following a trend based "system". On the other note charts look quite scary ImO, if support doesn't materialise, then it's getting closer for a possible big drop. Indicators heading lower, though world indexes seem to advance bit by bit looking more like a bear flag, 4 hour chart's MACD is at centerline. Anyway, that's my 2c based on classic TA .

not really.

i guess my algo does well in all sorts of environment other than the typical panic selloff situation because the sudden spike in volatility inverts the rules of the game (not because it was following a trend).

thanks for your analysis anyway.

 

[JSSPMK]

Long 3

-5.5

Long 3

Scaled out 2 +12.5

with 4 hour candle's strong close (If), I would be worried if short, W forming on 10 min chart

 

[JSSPMK]

3rd +52.5

 

[ASusilovic]

Quote from asap:

not really.

i guess my algo does well in all sorts of environment other than the typical panic selloff situation because the sudden spike in volatility inverts the rules of the game (not because it was following a trend).

thanks for your analysis anyway.

So, asap, basically you want to tell us you are market maker, or ?

 

[ASusilovic]

Quote from asap:

... it is quite interesting seeing what the other side of the trade thinks of the dax...

cheers

Are you sure you aren´t "the other side" ? IMAO ! LOL !

 

[asap]

Quote from ASusilovic:

Are you sure you aren´t "the other side" ? IMAO ! LOL !

yes, there are too many other sides...
no i am not a market maker, just a humble long term winner.

 

[ASusilovic]

Quote from asap:

yes, there are too many other sides...
no i am not a market maker, just a humble long term winner.

All right, let´s go together...for the long-term winners