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.
Sell 2 EURO @ the market!
This is an opening trade!
I exited the last of my shorts on a trailing stop at 126.90 a couple of weeks ago.
Since then, we've seen several failed rallies.
I'm willing to lead off and honor today's ORL daily pattern.
This is a 5% weighting since the stop level is so far away.
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