Translation required

[naghiksarila]

Can anyone translate the following for me? And what exactly is OCO? The risk from the following DAX trade is 20 points, but I'm still struggling with the finer details.

IF the Sept DAX opens at 3836.5, or higher, than;
Sell 1 Sept DAX at Open - 10 on Stop.
IF DONE,

 

[Joules MM1]

Can anyone translate the following for me? And what exactly is OCO? The risk from the following DAX trade is 20 points, but I'm still struggling with the finer details.

IF the Sept DAX opens at 3836.5, or higher, than;
Sell 1 Sept DAX at Open - 10 on Stop.
IF DONE,

one cancels the other

 

[Joules MM1]

the finer details is where the losses always occur

 

[cynic]

Can anyone translate the following for me? And what exactly is OCO? The risk from the following DAX trade is 20 points, but I'm still struggling with the finer details.

IF the Sept DAX opens at 3836.5, or higher, than;
Sell 1 Sept DAX at Open - 10 on Stop.
IF DONE,

For an understanding of OCO:
https://www.investopedia.com/terms/o/oco.asp

I am unclear on the rest of your question. From the instructions shown, it looks like it may be an instruction to place a "stop sell " order for quantity 1 DAX 30 september quarter futures contract, 10 points below the market open, and contingent upon the market opening at a level greater than or equal to 3836.5.

 

[naghiksarila]

Just need help to put a chart into it.Thanks

 

[Joe Blow]

Just need help to put a chart into it.Thanks

Hi naghiksarila, I have merged your two threads together as I'm not quite sure what you are asking with this post. Perhaps you can explain further?

 

[CanOz]

Can anyone translate the following for me? And what exactly is OCO? The risk from the following DAX trade is 20 points, but I'm still struggling with the finer details.

IF the Sept DAX opens at 3836.5, or higher, than;
Sell 1 Sept DAX at Open - 10 on Stop.
IF DONE,

This is old school broker speak.

Sept Dax is the September contract of the Dax (currently not front month), So if it opens at 3836.5 or higher then sell short one contract with a 10 point stop loss order in which if one is cancelled then the other is as well (OCO)