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.
USD/CAD...is attempting an ORH week with a close over 103.87.
This is an ORL for Futures traders with a close under 96.09.
Sell stops are resting at 95.81 December Futures.
I'm presently not convinced it's going anywhere, however this is a negative pattern.
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