10/31/11 Trade Results: 2 positions, $407.50 profit thanks to Japan Yen intervention

I had only trades in the Euro during Monday's session. Ended with $407.50 profit. Its important to realized that you have all day, week, month, year to trade. Don't get fixated on each little bar, look on a bigger picture and try to analyze the direction. Don't risk capital in non trading environments! Wait for the perfect price action, be patient, know what you're waiting for. The Yen, Dollar, and Euro were markets of strong movement because of the Japan intervention. Here's part of the article from Bloomberg:

The yen slumped the most since 2008 against the dollar as Japan stepped in to foreign-exchange markets to weaken the currency for the third time this year after its gain to a postwar record threatened exporters.
The dollar rose against all its major peers after MF Global Holdings Ltd. filed for bankruptcy after making bets on European sovereign debt, driving stocks down and boosting refuge demand. The yen fell against its 16 most-traded counterparts tracked by Bloomberg after Japan’s Finance Minister Jun Azumi ordered the intervention. The euro extended its drop after Greek Prime Minister George Papandreou said he will put the region’s new agreement on financing for his nation to a referendum.

“The yen is no longer a safe-haven instrument to buy in times of risk aversion,” said Richard Franulovich, a senior currency strategist at Westpac Banking Corp. in New York. “When you do get risk aversion going forward, the dollar is the only true remaining currency that won’t be debauched by authorities. The reason to buy risk today is few and far between.”

The yen depreciated 3 percent to 78.17 per dollar at 5 p.m. New York time, after touching the post-World War II high of 75.35. Japan’s currency dropped 1.4 percent in October. The yen slid 1 percent to 108.33 per euro and weakened 1.5 percent to 82.31 per Australian dollar. The euro fell 2 percent to $1.3858, paring this month’s rally to 3.5 percent. The franc gained 0.5 percent to 1.2152 per euro. 

Here is the chart of my trades for the day: