Short DAX at 7740

Quote from The Ross Hook:

come on sellers!
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geesh- did the same thing as yesterday. when the ES broke 700, the volume came in on the bid and refused to let it take out 3770.

this divergence is making it a lot harder to trade this thing.

btw, what platform is that?
 
Quote from The Ross Hook:

GST - I am flat. Target was 3771.50, but got out at 3773.50, my patience ran out...then of course target eventually got hit :D
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still a nice trade. i really had my doubts when you posted it. shows how much i know...
 
Quote from gangof4:

is this thru the options on DAX futures contracts, or an exchange traded SPY SPY equivalent? ie: ES=SPY DAX=? i ask because i've looked at the options on futures and they seem awfully thin to trade- esp. if you really want to get out "NOW".

as to today, i agree that the danger is on the short side. as ST oversold as we are, i believe we'll rally on the ADP report unless it's a magnitude above expectations. may headfake down first. question is whether i can stay awake long enough- these 18 hour trading days are taking their toll...
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You need a good execution desk in order to trade Options on FDAX. 18 hour trading days ? Shiatsu massage helps. :)
 
Quote from gangof4:

geesh- did the same thing as yesterday. when the ES broke 700, the volume came in on the bid and refused to let it take out 3770.

this divergence is making it a lot harder to trade this thing.

btw, what platform is that?
More...

It´s a good one. It has a "trade out" button. :cool:
 
wtf.

the outperformance of the DAX vs the ES is really fucking with me. was short going into that run up- blew thru my stop (had a 7 pt buffer for the limit- wtf), and was down 35 points in a blink. good thing it double topped for me to get me out alive.

AS: our thoughts that the danger was short were prophetic. didn't think it was THIS dangerous. yikes.

well, that woke me up!
 
Quote from gangof4:

wtf.

the outperformance of the DAX vs the ES is really fucking with me. was short going into that run up- blew thru my stop (had a 7 pt buffer for the limit- wtf), and was down 35 points in a blink. good thing it double topped for me to get me out alive.

AS: our thoughts that the danger was short were prophetic. didn't think it was THIS dangerous. yikes.

well, that woke me up!
More...

I do something similar I think, :-), but with FTSE.
This week I was too stubborn, didn't get out.
Well, I got out but experienced heavy losses (wiped out last 5 weeks of earnings, pretty annoying).
 
Quote from ASusilovic:

If ES targets 718.25 then rally in FDAX, too. If retest lows of day for some stop fishing, look for some nasty action today. :)
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718.25. Mission accomplished. :) If bulls are very nasty today, we may close gap to 733.00. Let´s see. I can see 3 gaps in SP...
 
Quote from gangof4:

wtf.

the outperformance of the DAX vs the ES is really fucking with me. was short going into that run up- blew thru my stop (had a 7 pt buffer for the limit- wtf), and was down 35 points in a blink. good thing it double topped for me to get me out alive.

AS: our thoughts that the danger was short were prophetic. didn't think it was THIS dangerous. yikes.

well, that woke me up!
More...

same same yet again.

DAX down only 1 1/2% with ES futures down 1 1/2%. considering the DAX rallied 5.5% yesterday, seems out of whack. ehhh...
 
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