In Tune with The Market

Everyone is different, but when I do homework outside of the trading hours and then calmly assess the context of the auction I become synchronized with the market. I can feel an understanding of its intentions and what its likely to do.

The action begins to resemble a symphony, with the invisible hand of supply and demand as our conductor. When the baton is pointed in my direction, I play my small part of the song and then I return to sitting with good posture and breathing. It really is wonderful and relaxing.

Today for instance, I came into the open with a short bias. I clearly read the open, and I started scalping shorts. There were some long scalps at times but overall I was short. And I made money, isn’t that interesting?

As the session entered the final hour of trade there was a sense the buyers were becoming more aggressive. Their rotations were larger, we knew conditions were susceptible to a sharp move, and buyers had early made a range extension.

I didn’t really participate, but I did not fight it either. Instead I watched my book, nearly 100% long mind you, appreciate. I would like to raise some cash before Friday’s NFP, hopefully even sooner because this week will be heavy on Fed jawboning.

I don’t have a top pick. Be well my friends.