Wednesday, 3 July 2013

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.

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