Friday, 12 October 2012

Time for Coffee

When price opens in the middle of value in a quiet market, there's plenty of time for a coffee. My Nespresso is deliberately two floors below me so that I have a walk to get an espresso. It's a trip I make about 8 times a day.

Today's Profile tells me to look for a SELL at VAH and as BUY at VAL and to drink coffee until one of those events happen. That doesn't mean I just put orders out there. It means that I qualify the picture when price gets there and see whether it meets my trading plan's requirements.

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