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.
AUD/USD...is attempting an ORH day with a close over 90.52 cash.
I would look for cash to trade into 91.25-50, which now becomes resistance and the upside closing pivot.
EURO...139.50 will remain pivotal. Good above/ negative below.
GBP/USD...needs to maintain above 166.70 to rally from this area.
USD/JPY...101.90 will act as the near term pivot.
The near term stops are under 101.20 ( above 98.80 Futures), which if elected, should lead to a test of the 200 day mvg avg around 100.34 (99.66 Futures).
January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.