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.
Euro is putting in an ORH day. This is a pattern I'm not interested in chasing into resistance areas.
EUR/AUD...after double bottoming this A.M. @ 150.31 level, this cross would need a confirming close above 152.30.
EUR/JPY...shows more scope to the up side. 138.75 is possible.