Short DAX at 7740

Quote from JSSPMK:

Shorting near peaks small stops
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I am little surprised that Dax is not reacting more strongly to ES drop. There seem to be some strenght against ES building.
There could be a surprising move up soon.
 
Quote from Topsurfi:

I am little surprised that Dax is not reacting more strongly to ES drop. There seem to be some strenght against ES building.
There could be a surprising move up soon.
More...

Anything is possible, I am hoping they are trying to take it up to bring it down, so far brisk short upside, good sign of substantial downside especially on lowered histogram formations.

4th lower on 1 min now
 
Quote from JSSPMK:

Anything is possible, I am hoping they are trying to take it up to bring it down, so far brisk short upside, good sign of substantial downside especially on lowered histogram formations.

4th lower on 1 min now
More...

I went long 8042.
I have only few times seen such strong signals of instituionals collecting Fdaxs while small people selling into the bid.
 
Quote from Topsurfi:

I went long 8042.
I have only few times seen such strong signals of instituionals collecting Fdaxs while small people selling into the bid.
More...

You are on mate :)

I was stopped out for 3rd time now, managed to scale out on 2nd attempt though.
 
Quote from Topsurfi:

I went long 8042.
I have only few times seen such strong signals of instituionals collecting Fdaxs while small people selling into the bid.
More...

8052 resistance...GAP in the underlying....ES closed yesterday GAP I have been talking of couple of days ago...U.S. retail sales numbers...look for retail sales data to be seen as a "disturbing" factor in the bull run...:)
 
Quote from JSSPMK:

You are on mate :)

I was stopped out for 3rd time now, managed to scale out on 2nd attempt though.
More...

scaled out some now 55-60.
The important things to observe is if you see something "strange". Usually people like to trade the "normal" things so today that would have been to sell because of the very bad distribution day in ES, and indeed this was very very bad in ES, high volume selling after this low volume drift up the last couple of days.
So why the hell did Fdax not fall like a stone today like it normaly would ?
I don't know.
There may be a couple of reasons, sometimes the Dax is not following ES after to many Up-days because Dax is afraid of a correction in ES looming and then Dax is relieved if the correction in ES is there (it had already discounted this correction).
Another reason may be that the selloff in ES was only a big party sell program by Goldman and friends and they will lift it up again today. If this is the case, they earn some aditional pocket money with buying dax here.
Anyway someone with strong hands collected Fdax today and you can assume this was not a stupid one, so follow the big ones, not the small ones. And trade the strange things (not fade them), not the normal things.

Philipp
 
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