Short DAX at 7740

Quote from Topsurfi:

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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I liked your post very much!

I am back on 1 minute chart, bias put aside, taking all good signals, no matter long or short.

pennant now, histo should show where it's heading
 
i see u guys trading now.. what time fram do u trade ... is it 2 p.m cst to 4 p.m cst. what kind of liquidity is there in FDAX ... i had been reading and trying to trade it...seems like it has 1 mil contracts traded... so for trding less than 6 contracts i dont expect to have much slippage is it true
 
Topsurfi, I have a question for you, considering that they are indeed one, it's just different markets, but essentially they trade all markets. When they are tightly correlated THEN DAX drops like stone in morning session, like last February.

So my question is this - do you know whether it is possible to unite all major indices into 1 data driven chart?
 
Quote from JSSPMK:



pennant now, histo should show where it's heading
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histo on 2 minute chart performs 3 dips raising leading into narrow pennant's range & 1 minute histo provides last link to where price expected to shift.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1639175>
 

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Quote from billdobson1972:

i see u guys trading now.. what time fram do u trade ... is it 2 p.m cst to 4 p.m cst. what kind of liquidity is there in FDAX ... i had been reading and trying to trade it...seems like it has 1 mil contracts traded... so for trding less than 6 contracts i dont expect to have much slippage is it true
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6 contracts ? No problem !
 
Quote from JSSPMK:

Topsurfi, I have a question for you, considering that they are indeed one, it's just different markets, but essentially they trade all markets. When they are tightly correlated THEN DAX drops like stone in morning session, like last February.

So my question is this - do you know whether it is possible to unite all major indices into 1 data driven chart?
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I can do so...
 
Quote from ASusilovic:

I can do so...
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care to share? :)

5 min histogram is gradually climbing towards centreline, price @ 50%, so upside more apparent, but there are another 2 hours to US data release...
 
Quote from ASusilovic:

Quite obvious, isn´t it ? :p
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low risk high reward trade, perhaps could be early yet for momentum build up

AS, how would I get data into 1 chart?
 
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