Short DAX at 7740

Quote from archimg77:


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. [/B]
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Correct.
 
sorry about the keyboard! i told her it was a $15,000 fuck, so i hope she enjoyed it.


as to my losses. yeah... there is a reason for my nick. i've gotten better, but this historic divergence of the dax from the ES has beaten the shit out of me this month.

i trade with stops now and i'm more disciplined than before. unfortunately, i don't know how to best deal wth massive moves out of the blue that jump my stops. market stops would have fucked me too- so no real answer. i suppose hedging with options; but my trading is pretty fluid. i would need some sort of automated process to have a hedge kick in and out with every trade. don't think it's feasible.

as to yesterday... i actually got back to up 3,000 for the day. as we all know- volatility can be our friend also.


i'm tempted to do a swing in the dax, as i agree with the board consensus of oversold. if we go back to the 5400 area again, i'll put it on. Germany will not allow the short ban in the other countries obliterate the dax indefinitely. i tend to think sometime soon, if we don't get a bounce, some action will kick in.
 
I think the market will rise over the next week or two.

What I'm looking for on Monday is a correction at the end of which I will be looking to buy and hold for 1 or 2 days for about a 100+ tick profit (FESX).
 
Quote from eric341:

I think the market will rise over the next week or two.

What I'm looking for on Monday is a correction at the end of which I will be looking to buy and hold for 1 or 2 days for about a 100+ tick profit (FESX).
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Do you realize Monday is labor day?
How much will the indexes move then?

Know thy calendar.
 
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