I was just saying to NJ I wish everyday could be as easy going as today. This is when fade trading really shines. Nice rotational and relatively quiet conditions. The only tricky thing today was to be flexible and realize when previous resistance became support. Since we went public I have been preaching about how one needs to listen to the market and realize when changes have taken place so you can capitalize on them. It isn’t easy if you are just starting I know, but stick around and/or keep coming back and studying the trades and you will get the hang of it in no time. You will note I originally had 76.50 on my sheet as a minor scalp short area pre-market. What happened was after the open it crashed right through it as if it didn’t even exist so of course I didn’t even look to scalp it. But then after the first high probe we came back down and really settled in at that level for several half rotations. After it had totally based in the institutions began buying heavy and we got a textbook Biglot setup which you could have ridden for as much as 2.5 to 3 handles depending on your TM strategy. Shortly afterward we had some retail suckers tee up and chase the headfake short. The contracts piled on into a stall and then the MMs swooped in for a classic Mousetrap setup long again off the same basic level. Nice quick morning. Again, for those hanging around be careful around the OH. Should be very volatile and remember, if the whole world can see it is an important level, don’t play the obvious angle. Wait for the high end of the range and get confirmation of flow and/or big traders before commitment short. That tail above worries me and it could get really wild and probe to almost anywhere. Hopefully you all will find the quick details and easier to follow format of the sheet more beneficial. Happy hunting…