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.
To our new friends down under.
Welcome to MDT.
I usually get a head start on the A.M. by running through instruments of interest at night.
If something sticks out that is germane to your trading I'll pass it along.
FYI...This won't be an everyday occurrence. We all need a life.
Thanks,
Jim Parker
FX...
EUR/AUD....151.60 is moving avg support. Sell stops are below 151.82, the weekly ORL#.
GBP/JPY...171.21 is the weekly closing upside pivot.
AUD/USD...90.51 is the weekly ORH#. This is where the rubber meets the road Friday morning.
Please refer to the glossary for detailed price action description.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.