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.
We were stopped out of the remaining short Euro position @ 124.96.
AUD/USD...is attempting an ORH day.
Euro...a close over 125.10 cash was needed for that pattern.
OIL...has had a nasty habit of putting in big rallies going into Brent expiration as
Brent/WTI spreads are unwound.
GOLD...after retesting it's ORH level @ 1149 from Friday, it's been off tho the races.
1173 is pattern resistance.
It's interesting that all this Dollar selling and buying of related Dollar denominated assets has been happening with a neutral Bond market.
Tomorrow we'll see what's real.
My initial reaction is that this is a rally to nowhere in the Currencies.
Time Frame Trading....We'll see if Asia is a believer in a few hours.?
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