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 filled on EUR/AUD.
We're now short the Euro & Long Aussie.
I was hoping for a little different set up.
I wanted a Euro rally to lead the cross and I'm not particularly comfortable with the scenario.
We need to see this change direction in the next 45 minutes to be right the level.
Stops are used for a reason. We can take a tight measured look at an area that plays into a thesis or market bias with limited risk.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
