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.
Today’s Working Orders…
Sell 1/2 AUD/USD @ 95.14.
Sell 1/2 FXA @ 95.10.
ETF traders were filled on selling 1/2 their FXA long.
ETF traders should now raise the trailing stop on the remainder of your position to 92.20 Stop On Close.
Cash & Futures Traders were not filled. Missed us by 5 ticks.
Leave the order working in the Cash to sell 2 Units or 50% of the original position @ 95.14. (App 94.74 Futures).
For Glossary of terms and abbreviations click here.