Short DAX at 7740

Quote from ASusilovic:

Some unbelievable trades going on. 127 lots bid / 134 offered. That´s like playing ping / pong between two desk...

What´s this ? Creation of volume out of thin air ? :confused:

Between 6300 - 6310 several thousand contracts changing hand without any price movement. Ridiculous.
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I reported this observation to Eurex supervisors. I don´t like this bullsh1t in "my" market.
 
Quote from ASusilovic:

I reported this observation to Eurex supervisors. I don´t like this bullsh1t in "my" market.
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they don't care as long as it supports the market and increases volumes
 
Quote from Alexandre:
I'm now starting to position short for a well deserved correction. Currently short the ES at an average price of 1943ish on 20% risk capital. Looking to position short the FDAX around 6350.
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Btw. ES at 1143, if it was short from 1943 you would swim in the money, I guess. Anyway, you may be surprised where market can go and have 20% invested is a big chunk of the account.
I don't sey that I don't do it but you have to be right, :-).

Market is building the support around 6.3k rather than resistance.
I still think we may easily take over 6.4-6.5k in the following weeks.
 
Quote from Alexandre:

they don't care as long as it supports the market and increases volumes
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You believe my words - they care ! This is not the US of A and not the CME/CBOT !
 
Last print 6233.50. Exit 1/3 position, reinvest 6300.00 Oct calls. Dynamic hedge in place. Now, let´s hammer this FDAX into oblivion. Friday really pi..ed me off !
 
so far so good, heading south...

MS hiring freeze with awful 3rd quarter, GS expected to come below expectations, end of quarter done (the ramp up was actually last friday), we're looking good for a steep correction
 
Quote from Alexandre:

short @6304

stop 6380

target sub 6200 in the next 2 weeks
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Just let the bulls exhaust their "brass ball" power. Still holding 6300.00 and 6350.00 calls. At some point there is no breath to sustain this rally.
 
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