Short DAX at 7740

Quote from eric341:

As opposed to say, FESX or are you talking about US indices?

I bought some FESX at 2108 yesterday and closed it for 2208, +100.

Either that or the markets just gonna capitulate, lol!
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I had in mind Dow or Ftse.
It improved a bit, but I'm aware it is still vulnerable.

FESX is a composition of few EU indices but mostly Germany so one could observe very similar behavior.
Also banks didn't help FESX, it was even lower than DAX, april 2009, close to few years low.

If I was not stopped out in the morning around 5720 I would be roaring towards new highs. At the moment I'm just limbing with several % loss, crap.
 
surprised nobody has posted about this.

look at the dax chart today. in 3 minutes the alogs managed to bolster the case for a financial transaction tax.

the dax dropped 150 points in 3 minutes- 110 of which were in a nanosecond. the ES didn't move- nor did the EUR.USD. this was pure bullshit- again... the exchange reports a single trade in teh futures was responsible for tanking everything. the after effect has been that it has spooked the whole market with the 'they know something' kinda thing. the dax quickly bounced back about 80 points but, spooked in this environment, it didn't recover further and started to drift. as such, other markets then followed. ES dropped 10 more points along with other world markets.

why? because of dickheads with a phd on the payroll are allowed to fuck with the market in a way that just should not happen.

and, yes... i got caught in it and my stop limit with a 6 point range was jumped so a very nice day in the dax is pretty fucked up right now. PLEASE nobody tell me i should have a stop market order- if i did, i'd have been executed at 5701- no doubt.

anyway, even if i had no position, i just want a semi-level playing field. i had a similar woosh kiss 23,000 euros goodbye in a nanosecond a couple of weeks ago. again- jumped my stop. so, yeah, kinda a venting rant...
 
Well, I could not believe it myself, I lost couple of time few k on similar moves.
It is completely rigged game and we can do pretty much nothing about it at the moment.

There should be circuit breakers, deals should be cancelled when it breaks levels. Responsible traders should be fined and then we can level the field a bit.
 
deja vu


i don't think i have ever seen a divergence like this. 400 points straight down in teh dax. wtf?

is this credit rating rumour related or more playtime with the futures or what?

anybody know anything?

took the crack team at cnbc 20 minutes to notice. they're all over it now, but they cannot find any news either. meanwhile bloomberg is busy talking about Steve Jobs...

i feel like the last man on the deal team....

and, yes, a plus 6000 day just turned into a down 10,000 day.

lesson to all: don't get distracted and fuck your girlfriend and forget that you have an open limit order (no shit- this is what happened!)
 
@Full tilt

You owe me a new keyboard now. Spit my morning coffee over it reading your post. Sorry for your loss, but thanks for the laugh.

I have only read some rumors about this flash-crash. Some of them showing that the "experts" have no idea what they are talking about.

Have a nice weekend nevertheless
 
@Full tilt

Change GF, this one has not the right karma :D

Lots of rumors on the market about Germany rating, short selling rules, not easy to trade this dax. I'll stick to estx for now.
 
I have a question...are your winners smaller than your losers?

Because it seems like every time a market moves against you, you lose a significant amount.
 
Sold FESX near the start of yesterday's session.

Later on I became a little jittery because the sellers weren't stepping in.

I kept taking my position off then putting it back on, when eventually I thought I'd leave it.

The market finally started heading down in the US session.

50+ ticks profit and I'm out.

Feeling good today because my account balance is at its highest this year.

Today (Friday) is going to be pivotal imo. We are either headed lower to test the 2110 support or going to keep rising as we have in the past week.

Although I reckon the market will fall today. But when to go short? At the start, or after a brief rally?
 
Quote from younouss:

@Full tilt

Change GF, this one has not the right karma :D

Lots of rumors on the market about Germany rating, short selling rules, not easy to trade this dax. I'll stick to estx for now.
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yeah, it was short selling rule

I kept buying from 5520 - 5460 and selling other indices.
When I closed I had really nice profit on both sides.

In my view DAX is heavily oversold and sep expiry is approaching.
I´m not saying that we cannot go down but dax may overperform other indices.
 
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