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.
GBP/JPY...today's ORL # is 181.70 with stops below.
This pattern would have to unfold, and follow thru, for a Risk Off board.
A follow through of this pattern is needed to rally the Yen to our low risk sell zone @ 112.65 USD/JPY.
European weakness does not necessarily translate into selling late day in the U.S.
Time Frame trading.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.