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 4 JYAH (March All Session Yen Futures) @ 84.27
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This is an opening Trade.?
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Thought process.
I'm looking for a place to sell the Yen again.
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I can manage the trade around 118.60 USD/JPY or 84.30 ish in the Futures.
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I'll give it app 30 points of wiggle room at this level. Closing over this area will be short term bullish Yen and I will close the position.
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Can it get there?
I need it to line up with support in the Spu's or a high in the 30 yr. Bonds , which would be at the 145 level.
I'm placing a price order to see if I get filled, knowing full well the Yen could stop rallying at the NYSE opening, continue it's upward trajectory into London's close or rip everyone's face off going into late New York trading.
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