Short DAX at 7740

Quote from ASusilovic:

Lloyds Banking Group shares up 27.5%

Royal Bank of Scotland up 28.6%

Allianz shares up 8.5%

UBS shares up 11.8%
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that must be El Gordo and his socialist buddies increasing their banking stakes
 
low volumes on FDAX so far, not buying yet for me.
Let's see what's in store for March, lows early in the month (ES 720 / FDAX 3650) then we take off for a +10% month
 
Quote from ASusilovic:

3751.00 target reached - although a bit "delayed". I am modestly bullish despite Citibank and GDP figures.

Buy on bad news.
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so you're still long from 3812? if so, do you trade without stops? just curious given the point drop we had from your entry.
 
Quote from gangof4:

so you're still long from 3812? if so, do you trade without stops? just curious given the point drop we had from your entry.
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Good question. Answer : good old trailing stops. Every trade is initiated with a stop loss and trailing stop if in a winning streak. Too busy today to post.
 
Quote from gangof4:

so you're still long from 3812? if so, do you trade without stops? just curious given the point drop we had from your entry.
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Yeah, I spotted it as well.
I went short at 3.8k and apparently it is not going to make it. (and closed when it went down the road.)

Bad, bad news from US, GDP and who knows how is the sentiment.
DJ is too close to 7k ... so maybe we will see DAX below 3750.
 
Quote from ASusilovic:

We will not make new lows in ES 729.50 will be today's low - IMHO. :)
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Apparently not, ES broke 740 and threre will be a weekend so bears are going to sleep.
I'm just wondering what happens when EU market close.
 
Quote from archimg77:

Apparently not, ES broke 740 and threre will be a weekend so bears are going to sleep.
I'm just wondering what happens when EU market close.
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Good luck with your shorts.
 
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