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.
Protective Buy Stop.
This is a Closing Trade.
BUY JYAH @ 84.52 Stop GTC
The Dollar is losing it's upside momentum against a lot of Currencies.
The Mexican peso is a good example.
The Peso chart pattern is indicative of the bid in EWW.
KIWI...with a close over 78.50 tomorrow, there will be more buying of the antipodean currencies on the crosses.?
I took half the Short Yen trade off early today when Yen was struggling to get under the yearly close.
Traders have been torched both ways in the Equity Indices over the past 4 trading days.
There is no rule that says it can't happen in the Dollar.
Tomorrow's Employment release could be a catalyst to run out
a lot of Dollar Bulls.
I'll look tonight to find some levels in the Euro and the commensurate crosses for opportunity.
Since that is a big unknown we'll just leave a trailing stop to protect profits already booked.
The worst that happens is that we make a little money vs. a lot of money.?
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