IvanLabrie
Long

QQQ/EWG: Merkel gave us green light, short Germany and long QQQ

QQQ/EWG  
QQQ/EWG  
2 months ago
This potentially a very rewarding pair trade. You can enter shorts in Dax             (either via CFDs or using the EWG             etf ) and longs in Nasdaq composite             (CFDs or via the QQQ             etf ), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility).
This is potentially a long term trade, and a good way of gaining short exposure based on fundamentals without being solely short Deutsche Bank or Germany.

Good luck,

Ivan Labrie.
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot
2 months ago
Comment: Winning :)
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MertErten
2 months ago
as soon as DB stuff is solved, DAX will skyrocket.
what is your TP for DAX?
10000?
Reply
IvanLabrie PRO MertErten
2 months ago
I'm out of DAX at 10311, holding EWG, as a pair trade with QQQ for now.
Reply
MertErten IvanLabrie
2 months ago
good, I'm out from 10280.

I will add shorts after GER open...
(I hope it opens with a gap)

I don't think this DB stuff will be solved easily.
Reply
IvanLabrie PRO MertErten
2 months ago
Me neither, I'm willing to play the 'short Dax' theme for a while longer...also as a bit of a hedge against my US equities longs.
Reply
MertErten IvanLabrie
2 months ago
I agree,
I have some IBB (Nasdaq BIOTECH) ETF.

NASDAQ should explode with FED rate hike.
+1 Reply
IvanLabrie PRO MertErten
2 months ago
What do you mean? I don't think we'll get a rate hike any time soon.
Market looks overall bullish.
I think the DB issue is the main thing in focus now.
Reply
MertErten IvanLabrie
2 months ago
Yellen promised a rate hike in 2016 in the last FOMC press speech, I was talking about that.
Reply
IvanLabrie PRO MertErten
2 months ago
Probably due for December.
Reply
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