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.
The world is unwinding the trades of the past few weeks before ECB.
LONG GOLD/SHORT EURO
Euro has rallied to resistance and it's upside momentum level.
Bunds are flirting with their momentum hold level @ 157.00
Italian Bonds already tested that level at today's low.
As Long as (H) Oil holds $47 I'm considering it a trad able low.
Buy the breaks with a tight stop against the level.
I've been eyeballing a Long Canada/Short yen trade as a Risk on Trade.
I'll keep an eye on this going into today's close.
Bank of Canada has just cut rates causing the Loonie to crater.
Time to be patient.
A straight Yen short looks to be the safest trade from a risk parameter, since you could try it with a stop above the early Futures high.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.