Some days I seem so busy, and some days it feels very quiet. This feels like a quiet day — everything is proceeding along its short-term trend.

The exception is coffee, which is rocketing as longs holding their contracts to delivery have seen shorts scrambling to close out positions or buy in the physical market. This story was tradeable on Thursday, with a breakout from a triangular range (which can be very strong), but I didn’t do it because I didn’t know what was happening. Now the tale is rather old and I am keeping away. I missed the trade because my system doesn’t always see triangular breakouts — foolish.

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