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/USD…is still firm on the crosses and looks poised for higher with any type of Risk On board.
FXA… as long as this closes above 93.80 look for a move toward 98.
Aussie is higher on the qtr and presently looks to close over my qtrly pivot of 94.25. (if we’re trading @ 94.25 or higher in the cash On the NYSE close we’re going to go home Long Aussie)
Buy AUD/USD @ the market
For Glossary of terms and abbreviations click here.