Limit Sell Yen at 100.80

Enough of short term trade.  The losses yesterday made me wary of too short term a trade.

Hit my stop

Woke up to find my stop being trigger.  Current prices still within the range.  Maybe my stop is too close.  But I have Profit to Loss ratio to worry about.  Prudence is something that cannot be overlooked.

Breakout

Saw a breakout on the 15min chart. Went in and buy at 100028.  SStochastic is high but 15mins might drag if this is a true bull run.  Daily is still up trend so I am quite ok to buy.  Place a stop at 9970 and closing shop for the day.

Looking at 30mins chart, this retracement is testing the 50% point.  Should have strength to breakout.  Now is US lunch.  We will see after lunch action.  Worst case I am protected by my stop.

Turn Selling after first trade

Turn Sell for another short profit at 99817.  Got stop out at 99867.  Loss of 319.47.  Now must be a bit serious.  This also shows importance of placing stops

Close First Trade

Closed 1st trade at a small profit of $30 plus dollars at BB Top and SStochastic at high.  Good start!

First Trade

Saw a long term resistance at 110 in monthly charts.   Market might be heading there mid term of few months

Daily chart shows price is at BB top.  If today close low, base on candlesticks it is bearish.  Looking at SStochastic, it might signify start of another climb.

Itching for some action using minutes chart, tried a buy as the SStochastic is low.  Not a trade with high confidence (Guess this is due to lousy discipline).  Candle shows bearish so might have to run with some profit.

New Trading Account - $20,000

Started a new account of $20,000.