Short DAX at 7740

added 2 long

sold latter 2 +7.5

 

3rd lot +38.5

short 3

-2

short 3

-4

short 3

scaled out 2 +11

 

3rd +15

 

Looks like the ominous 2pm EST Dax dip buyer... Really wonder wtf is going on there.

 

I am staying with my straddle and watching the situation...no big position play...small long at 7408.50...maybe buying some more if we break through 7400.00...

 

Closing 7408,50 long...Keeping other part with trailing stops...

 

nice trade.
Market is spoiled by all kind of rumor: like another cut rate today!

 

Hmmm...yep, some rumors spreading but very unrealistic as FED needs supporting incoming macroeconomic data to do so...but may be at next scheduled official meeting....

Look FADX maybe testing lows of today as bad news from U.S. spilling over...Toll Brothers downgraded...also not helping stupid remarks by this WEST LB CEO genius Alexander Stuhlmann telling eagerly swamping journalists "on the sidelines of a bank event" that "We sense reluctance on the part of foreign partners to extend credit to German banks."

Well done, Mr.Stuhlmann, which university did you attend ?

 

long 3

scaled out 2 +11.5

 

3rd b/e

long 3