June 16, 2014 - MDT - Aussie Follow Up with New 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.

SELL your Long? AUD/USD @ (94.73 DA6U) = (94.33 AUD/USD) GTC...Good Until Canceled

The idea behind the trade is to get a positive scalp in the Aussie to offset the oversold bounce in the Euro.

Leave the Euro order as is. No change to this order.

I was looking for a wiggle up in the Aussie with a Risk On board, unfortunately momentum has died and the Equity Indices could wallow until Wednesday afternoon.

We were filled in the Aussie futures @ 93.36 or 93.96 for Cash Traders.

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