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 have no positions...The orders below are good working orders. These are the orders that should be working!
Today's Working Orders...
SELL USAU (30 yr. Bond Futures) @ 140.14
??BUY?? GBP/USD @ 166.75
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EUR/GBP ...The rally in the Euro was primarily driven by the cross after BOE Carney statements this A.M.
This has a potential ORH pattern, however I think it's already rallied too far today for anymore follow through.
Gilts & Bunds... are being bought against the Italian and U.S. Treasuries.
Both have potential ORH days in play. This bears watching as it can have a spill over effect into our markets.
?GBP/USD...has a potential daily ORL pattern??, however with the RSI's so low I'm leaving the order to buy Sterling? just above the 200 DMA? looking for a bounce.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
