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.
Current Positions
Short Euro??????????????? 136.31????????? 136.85 GTC????? 133.70
.......................................................................................
Today's Working Orders
BUY Euro @ 133.75 OCO 136.85?? Stop GTC ( Good Until Canceled)
.......................................................................................
We've enclosed last qtr's medium term outlook for your reflection.
Wednesday we'll be publishing a new set of parameters for the 3rd qtr. I urge you to click on the link below to review last qtr's outlook.
It's an invaluable cheat sheet to keep your head in the game at macro levels.
Commodities...
OIL...104.70 is the next measured support.
Brent...112.50 is mvg avg support. 111.74 is fib support that lines up with the WTI level.
Gold...is flirting with the monthly ORH level of 1315.80. Price action below 1312 could lead to profit taking.
General Comments orValuable Insight
The only thing that matters today is the close and the price action going into early U.S. trading tomorrow.
This should set the tone for the rest of this short holiday week.
There is nothing left to say about this qtr.
The best opportunity for day traders, looking for flow, will likley be very early or very late in the day.
Opening Range Time Frame Trading again today.
?
Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical's.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
