While Global Trading Dispatch 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.
The Bond rallied to resistance.
I just sold the EURO @ 124.80.
You really shouldn't see the Bonds back above the opening range today if the trade is correct.
BUY 2 EURO @ 124.10.
BUY 4 EURO @ 124.96 STOP GTC...This is an intra day all session order GTC
Work both these orders.
The Euro either breaks right from here or it will rally another 80 points to?125.60.
I've taken a look at an opening range trade to see if the Euro runs out of steam.
I didn't have a resting sell order in at resistance "125.10", making my risk /reward slightly larger than I like.
The point & figure does have room to rally to the second target, however with the Bonds failing to follow through to the upside I thought I'd give it a whirl.?
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