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.
Both the Euro & Aussie could have another 50-60 points to the upside and be total garbage.
USD/CHF put in an outside reversal week last week and is presently not giving us any love.
We'll be letting this ride for a while.
30 yr. Bonds...the worst you should have been filled was 129.27.
We also had a resting order to Buy 1/2 the position @
129.24...that is currently the low of the day.
If you were filled...great!, however we doubt anyone got filled on the bid side of the market.
Cancel the order to Buy @ 129.24.
We'll watch for a while and then write a trailing stop.
For Glossary of terms and abbreviations click here.