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.
Sterling is being sold against pretty much everything.
Gold,Canada,Oil, & Euro.
It's got farther to go.
Look for a test and a probing of the next set of macro sell stops just below?155.00
This statement does not mean the Euro won't break. It just means the Pound is leading Dollar strength and is moving faster.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.