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.
Sell 1/2 of the Long AUD/JPY @ the market.
Cross is app 91.70
This should give us enough of a cushion to have the trade on for free.
If we get hit on our 91.00 stop we don't lose money.
Leave the sell order @ 92.40 working.
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