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.
We've an open order to sell the 30 Yr. Bonds @ 132.28.
The risk on the trade is a close over 133.15.
We don't have a downside tgt in mind yet. We're looking at this as?a purely technical trade. We have a spot with defined risk and we'll see if we get filled, looking for a reaction off the level.
40 years of Empirical observation tells us there is a
high probability we see the level.
TBT...This should line up with app 76.20.
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