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.
AUD/JPY is trading @ 91.18
We're Buying AUD/JPY @ the market.
This is selling the Yen ( Buying Dollar Yen)...and Buying the AUD/USD
at the same time.
This is a Risk On Trade.
This is another 1/2 of normal allocation.
The stop is pretty wide ( 60 points). We'll update this later in the day.
For Glossary of terms and abbreviations click here.