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/USD....157.50 is where the rubber meets the road. This is a 50% retrace from 1985 as well as a retest of the ORH Pound upside breakout from early last year.
EURO...I've been targeting 124 then 122 for a long time.
The major Fibs all come in just over 121.?
This will be a major zone to hurt new shorts the first time down.
Sell any 80 to 100 point rally.
Euro needs back over 127.40 to negate the current qtrly pattern
Euro
British Pound
British Pound
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