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.
We gave it a go with an opening range trade.
It was good for an initial 10 point pop.
Keep the stop working!!!!
If the stop gets elected look for an equidistant move down towards the 200 DMA in the 60's where you can try it again.
Lower this order....SELL 2 EPH5 @ 2005 GTC to 2001
SELL 2 EPH5 @ 2001.
My goal is to get some off to pay for the trade.
Traders are buying DAX and FTSE ahead of expected QE on the 22nd.
We'll see if the U.S. can catch a bid.
Nasd 100 needs to get over 4100..convincingly!
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.