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've finally elected the intermediate sell stop in the Spu's.
As of this moment you'll need sustained price action over 1763 for bottoming action.
Trade your time frames!!
It's doubtful you'll see any bottom fishing before London's close.
Anything over the 200 day in the 30 yr. into 135.00, would be a rally too far the first time up. Do not expect follow through.
What to do if you get filled on our resting orders...
Pay for your trades!!!!!!!
75 to 80 points off a high in the Yen...traders should be out of at least half...then use a breakeven stop on the rest.
Spu's...Pay for your stop on an 10-12 point bounce...same Idea...don't loose money!
I don't expect to see the trade levels today, but you never know.
For Glossary of terms and abbreviations click here.
