You’ve got a nice swing

Do  the math and round it off. How else can we play this type of market? I played a quick nine holes this afternoon, and my golfing partner wimped out.  I was planning on 18, but he was tired..I tried out a new lob wedge and a new putter, and figured out how to swing them both by the end of the round.

Jim told me I had a nice swing, but it used to be better.  My muscle memory has a bit of amnesia, but it’s coming back. It’s all about the tempo and rhythm.

I got back around 3 jumped in the cockpit, and we were off and running. Instincts and intuition are part of this game. Zeek was still there with Mike and a few other junkies. We were at our desks by 6:30 am, so you know we love this business.

I had a feeling 75 would get tested, and truthfully I thought 85 would be too. Sizing up the backswing, I observed the market had a nice swing as well. “Thats a 50 point trade, so figure bounce to 62/65, maybe 67 since it was a 2 point offset of 90/40. “Note we are making lower highs and higher lows”. Keep it simple. I noted yesterday’s mid zone stalled today’s obligatory stop run on late shorts.

75 stop for shorts. Longs paid by 62/65 for sure. Low is probably in. Maybe close around 64.

If our mind is relaxed and agile, we can detect the rhythm and find logical smaller trade ideas inside the bigger ranges.

Yesterday’s High was 2723.75, so I figured this morning those last few points for the C note werent worth it and assumed 2625 support until broken. 28.75 and 26.25 were primary targets, near enough.

I know, not very geeky and rocket scientist type calculations.

If you have all your tools hung up neatly on a peg board in the basement, stop trading. This business is not for you. If you cant come in and size up the rotations within 2 or 3 minutes,I am not sure you can compete with the bots.