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.
Current Positions
Long AUD/USD?? ? ? ? ? ? 94.32 ????? 93.70 Close??????? 95.25/96.75
Long FXA??????????????????? 94.31?????? 93.80 Close??????? 95.15/96.70
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Today's Working Orders...
Sell?1/2?AUD/USD?@ 95.14.
Sell?1/2 FXA @ 95.10.
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Stocks..
Spu's...are trading near resistance. 1665-66.
Nasd 100...3175-81 is resistance.
Bonds...
30 yr.... is trading close to support. Only closing under 131.28 would have me take a second look
FX...
USD/JPY...98.20 (101.90 ish) is Yen support
Commodities...
OIL...resting sell stops are @ 101.05. 103.56 is mvg avg resistance.
General Comments orValuable Insight
Short term Technical trading 101. Close your eyes and execute at the 200 days with tight stops to see what you get.
Yesterday it was Goldman @ 153 and Google near 838.
2 nights ago it was USD/JPY @ 96.60 (103.50 Futures)
Today...think SPU/BONDS....Spu's are close to resistance and the Bonds near support.
Let the opening ranges be your early guide.
The board is all about trade location. If you have it, meaning you can define your risk, give it a go.
Short Term View...
We're in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical s.
Go with the flow. Use the 9/30 closes as your macro pivots. Trade the opening ranges and early time frames.
For Glossary of terms and abbreviations click here.
