Catalysts at play: 1) Benefiting from a thrust from an oversold situation on key support. 2) Quarterly option expiry next week which is a pull on delta management. 3) Greek deal which could be reached despite media alerting tone.
Trading: > I would take profit on 2/3 of my long position at 11,500 and play the last bit up to 12,000 in 10% size. > Move stop to entry at 11,000 (on close). > 12,000 would be a fantastic short towards the end of the month – factor excess 12,200 on emotional announcement.
Note Watch on intraday stops, with DAX, there can be airpockets of up to 500pts intraday (like what happened on SNB announcement in January). Hence my stop on US close.
코멘트
YaKa
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Greek Deal potentially at 6pm GMT Tomorrow.
I hope so. If so, i hope there will some nice relief before resuming short.
Geert2000
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Assuming there will be a correction in US markets around september,DAX could drop to 10k-9500 around that time.
adammska
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I think this chart needs an update. Did you close your long on Monday?
hearthacker
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in your opinion how's DJI shaping up... rate hike next week???
I hope so. If so, i hope there will some nice relief before resuming short.