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.
Sell JYAM ( The all session Globex Futures) @ the market!
It's currently sitting @ 98.71.
I will write a stop tonight.
I'm selling the Yen against the 200 DMA in the cash which is 101.23 USD/JPY.
Dollar Traders...Buy USD/JPY and manage your stop against this level.
I'm simply trading the level with a very tight stop.
ETF Traders can buy the YCS with a 64.50 stop.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
