August 15, 2014 - MDT Pro Tips A.M.

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.

Current Positions

????????????????????????????????? ? ???????????????? Entry?????????? Stop????????????????? TGT

Long GBP/USD? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? 166.75???????? 166.60 Stop Close

.......................................................................................

Today's Working Orders

SELL 1/2 Long GBP/USD @ 167.45 GTC

.......................................................................................

Stocks...

DAX...9390 is today's resistance.

Spu...1952 is support.

Bonds...

30 Yr. Bonds...140.14-17 is Monthly Fib resistance and the closing upside pivot.

FX...

Euro...Price action and a close under 133.30 is needed to see another 100 point sell off...Price action above 134.25 is needed to run out weak shorts.

GBP/USD...166.64 is the 200 DMA support and a good place to look for a bounce with the RSI's getting oversold.

Commodities...

Brent...101.95 is support and the downside closing pivot. Given the oversold nature of the market traders should be looking for a relief rally of this level.

Buy before you sell at this level with a tight stop.

General Comments orValuable Insight

Going into next week I have no interest in selling the Bonds at weeks end with the technical models up.

Short term traders can look for a small reaction trade at the 140.15 level.

A little patience is going to be required with Central bankers meeting in Jackson Hole.

Low rates are once again fueling a feeding frenzy for risk assets world wide.

Opportunity will once again be in individual names. The Equity Indices will be a low volatility grind.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.