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.
I’ve sent two charts which should be viewed for overall risk bias.
The Peso has just reached it’s 200 day mvg avg (natural resistance) as the EWW is attempting an ORH daily pattern.
If you believe a currency leads it’s Equity market then you should be very cautious buying strength in Mexico until it proves itself.
For Glossary of terms and abbreviations click here.