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.
I like the high for now in the Yen Futures.
The AUD/JPY cross didn’t get as low as I’d like.
As long as the Spu’s hold up above 1677 this should hang in.
The real sell stop In AUD/JPY is below 90.40. I’m not going to give it that much.
If I’m not getting any love in the next couple of hours I’ll likely get out of this and just play the Spu’s for a Risk On Bounce.
You’ll note I just nibbled in the Spu’s because the market is so jittery with these budget talks going on.
For Glossary of terms and abbreviations click here.