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.
Grains
Soybeans are attempting an ORH day with a close over 9.902.
A close over $10 could signal a good short covering rally.
JJG...needs a close over 35.45 for a similar pattern.
OIL...93.13 is short term trend resistance and the upside pivot. 94.50 is Longer term trend resistance
CAD/JPY...the currencies are parked for now.
Long Canada/Short Yen is setting up to be the lowest risk way to continue being short Yen.
This is a Risk On Trade..
We'll Monitor FX for straight dollar trades late today into early Asia.
Many instruments like the Russell & Midcap have all come down into weekly support zones.
Time Frame Trading the rest of the day.
SOYBEANS
JJG
CANADA/YEN
