It was not a good start to the first intra-day trade for the year 2012.
Price had been moving upwards since the beginning of the day. When the US timing approached, price started to reverse.
Initiated a stop in order shortly after the opening of the US timing (0800h), all important lines were in their position. Tenkan-sen was below kijun-sen, both below the kumo cloud. Chikou Span had also traded below the kumo cloud. The trade was triggered shortly.
Price decided to make a reversal shortly after. Was stopped out above the kumo cloud. Not a good start for the year...
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