While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
We'll be short the Yen going home tonight.
Some of you sold it earlier. We will sell it on the NYSE close @ 3 P.M.CDT
AUD/USD... has held up relatively well all day.
Cash needs to go 92.85 bid in Asia tonight and maintain above to verify the low.
We want to see the ORL daily pattern negated, which is today's high in the Futures 92.77-9
The big game in the currencies sets up next week so I'm not sure how rewarding it will be to take overnight risk until then.
Silver ...needs closing price recovery over 22.35 to avoid another 60-100 cents lower.
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