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.
Aussie put in an ORH day yesterday.
Last night's retest of 90.00, the ORH level, is also this qtr's pivot.
ASX...is holding up led by the miners.
Aussie bulls should manage any attempted Longs against 89.90.
With a risk on board after the U.S. opens, look for this to hold and rally.
EUR/AUD...put in an ORL?day?yesterday and retested the reversal level last night.
EUR/AUD...under 151.80 would confirm Aussie strength.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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