Short DAX at 7740

eric341 · Sep 10, 2011

Wow so FESX hits a 2 year (probably) low, I wonder how much lower it will go.

Next test is the March 2009 low.........

younouss · Sep 12, 2011

Quote from younouss:

Ok, then I assume stops are under 5100, so my entry level would be around 5080

I can't buy this market: falling knife

ASusilovic · Sep 12, 2011

Quote from younouss:

I can't buy this market: falling knife

Leave it to the deep pockets to buy some of this! Buying below 5030. Put options in place 5000, 4950, 4900, 4850.

With other words: strong buy.

See you later.

archimg77 · Sep 12, 2011

I'm glad that I read your message ... :-)

I also had a hint that 2+ % down in the morning and other indices in the strange

I bought 5000 Sep puts in the morning,
closed a bit at 5k,
then went long few mins ago around 30,
closed bit of longs 60+ to be flat delta
and let it run now.

Still, DAX is dog in da house ...

eric341 · Sep 12, 2011

What reward ratio are you guys using at the moment?

I am playing with 1 risk : 3 reward, I might reduce that tho because the markets are getting so choppy.... maybe to like 1:2 or even 1:1!!

younouss · Sep 13, 2011

Better short any bounce..

@Eric: it depends on strategy. If you are a bottom fisher, you better have a large stop :-)

NulsutanYakbai · Sep 13, 2011

im looking to change brokers, currently with cmc markets and they are changing their spreads to variable spread depending on market conditions, which i dont like.

does anyone have any recommendations, looking for a broker with a tight spread and low margin.

thanks

ASusilovic · Sep 14, 2011

Quote from ASusilovic:

Leave it to the deep pockets to buy some of this! Buying below 5030. Put options in place 5000, 4950, 4900, 4850.

With other words: strong buy.

See you later.

Exit 5338.00 first part. Investing some of the profits for a 5050.00 put WALL ARMADA. Good luck bearz. Everybody is so negative out there that even taxi drivers are talking about making a buck or two shorting the Euro.

archimg77 · Sep 14, 2011

Quote from ASusilovic:

Exit 5338.00 first part. Investing some of the profits for a 5050.00 put WALL ARMADA. Good luck bearz. Everybody is so negative out there that even taxi drivers are talking about making a buck or two shorting the Euro.

Tell me about it.

It was a good day today but it was mainly about reduction of leverage rather than closing winning trades.
I sold my longs at various levels, 5210 - 5331, average 5290
Also sold Sep/Oct 5200 puts, still hold some 5000 and 5200 puts, just in case something happens.

archimg77 · Sep 14, 2011

btw. I would not mind 5600 in 2 days