Wonderful levitation act on the DAX

Discussion in 'Trading' started by Alexandre, Jan 2, 2008.

  1. funny isn't it that the DAX just reopened today after closing for trading at 1pm UK time last friday @8144 on the march FDAX when futures on the S&P were around 1505 and reopens today almost unchanged and starts running up to touch 8175 while S&P futures should open around 1475....

    S&P futures down more than 2% with no impact on DAX...

    maybe time to fade the DAX move or put on long ES short FDAX
  2. Regardless of what the US futures are doing, my system just gave me a long buy signal at 8136 on the Dax futures. There is a lot of buying support below this number.

  3. Been holding Long for over an hour now, not enough momentum, normally I would get a quicker result one way or the other.
  4. market is too illiquid, sitting on the sidelines for now
  5. I'm trading the swings with a 1-3 day holding period. So I'm expecting a long bias over the next day or so.

  6. here we go, that's more like it, lovely