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.
I sold USAH ( the 30 Yr. Bond Futures as a surrogate Long Equity Trade.
We're short @ 132.31. We are risking 6 ticks ( $125 x 4 = $750) to see if I'm correct.
The better resistance is up at 133.19.
This is plain and simple an opening range trade based of the Equity Indices, which opened lower and held.
It's going to take a while to see which instrument is running the show.
Again, I'm legging one side of the Spu/Bond spread for a Risk On bias.
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