October 2, 2013 – MDT – AUD/JPY Trade Alert

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.

AUD/JPY is trading @ 91.18

We’re Buying AUD/JPY @ the market.

This is selling the Yen ( Buying Dollar Yen)…and Buying the AUD/USD

at the same time.

This is a Risk On Trade.

This is another 1/2 of normal allocation.

The stop is pretty wide ( 60 points). We’ll update this later in the day.

For Glossary of terms and abbreviations click here.