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...159.85 is the 50% Fib for the past 2 years. Sustained price action below this level projects to 158.50.
AUD/USD...still targeting 85.00
USD/CHF...96.80 is the next closing momentum level. (103.30 Futures) is support and the closing downside pivot.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.