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.
2060.75 is the level to key off of the rest of the week.
This is the weekly ORL#..
This will act as support and the closing downside pivot with resting sell stops below.
Price action below here will run out all the new longs in this market and
could well see bigger players closing out many positions and calling it a year.
Euro...could rally as high as 124.60 as currency traders will continue to press EUR/JPY into the European Close.
Time Frame Trading the rest of the day.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
