August 7, 2013 - MDT Futures Traders (Pros Only!!) BOJ Special...Nikkei & Yen...w/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.

Tonight is a BOJ meeting. The headlines will have the Bots on Full Tilt Boogie.

13,500 Nikkei will be the big pivot in the futures.
While I can't imagine Kuroda saying something that would be negative?the Japanese Equities, you just never know.

What to look for (this is what I would expect to happen)...a test of 13,500 and a hold would put in a trad able low with a very very tight stop. This price action would cap a rally in the Yen.

Below 13,500 you have the potential for a 700 point sell off in the Nikkei.?This price action would see the Yen explode higher.

EUR/JPY shows todays low as pivotal for another 2 figures. So it's a go or no go level.

The Big Punt....

USD/JPY..."92.75 app 107.80" in the Yen futures is where we are going to place?an order to Sell Yen...Buy Dollars, which is a half a figure under the cash?200 day @ 93.25.

This is one of those Dream Trades that seem so ridiculous it should never happen and probably won't, which is precisely why I'm placing the order for tonight only.

You'll only get filled on this if the Nikkei implodes....

This has all the makings of a potentially big event trade. If you don't have a resting order you'll never get filled because no human is faster than a computer.

The risk on the trade is at least a full figure or above 108.80 in the Futures.?This is one of those trades where you have to get filled, wait out the price action,?and then place a stop.

I've picked a level that is a directional overrun, a # that if filled, a talented trader should be able to manage their risk. There will be no hand holding on this one. Pros only!

The thought process is that the headline driven Bots sweep the decks to overbought extremes in the Yen Futures, Filling us,before rational Homo Sapiens start clicking the mouse.

I've personally traded most 4 figure moves in the Yen over the past 40 years. Most of those happened within a minute or two.?

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