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're not getting the price rejection I was looking for off this level.?The Bonds are simply hanging around here too long for me to sit it out.
At this point I'd rather lose a couple of ticks, have no overnight exposure, and take a fresh look tomorrow.
I need a close below 132.30 for me to be happy sitting with the trade. At this point they look to rally into the Chicago close.
Time to say god bye to this trade.
Buy the Bonds @ the market.
Tomorrow is another day.
For Glossary of terms and abbreviations click here.
