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.
USD/RUR...sanctions?.."right you are" . The Ruoble is attempting an OR week after completing an OR day Monday. This is bottoming action for the Ruoble.
Copper..is trading ticks above the qtrly macro sell stops. Just below 2.95 (H)...286-7 (K).
Don't get screwed selling weakness into this level in the Copper.
Beware of the stops getting elected followed by a recovery back above the macro low.
Price action rules. Price action back above the macro lows will shake out all the new shorts
USD/CNY...is close to weekly resistance @ 62000. All new Dollar strength over this level is needed for more RMB weakness.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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