NKY Futures: Potential short term bounce to test 23.4I had previously posted my longer term short bias in the USDJPY and NKY but we all need to be aware price action is full of ebbs and flows; it is almost never a straight line up or down. The near term charts of the NY1 (240M) suggests the index is trying to stay north of a 19-month long uptrend with the potential for a CD leg to test 23.4k. Watch out for the double witching in OSE futures and options this Friday, should be interesting.
Japan
USDJPY. Possible wave count. SeeSawThis could be a medium term consolidation as per my old idea (watch related).
So trading the range is what we are expected to do.
19 - AJ Buy with the higher high breakI buy with the MA20 break and highter high.
in 4H TP around white line.
DJI vs JPN225 looks like we are getting close to a breakout zone... If it gives a false break and return down then short Dow long Japan will make sense... Keep eye on USDJPY for clue which is close to key support at 106.5
USDJPY Pretty Close to my target since November 2ndUSDJPY is pretty close to my target posted on November 2nd, so you can see how one of my best trades of 2017 had been working out without any nervous.
"Stick to your plan until you get there". Don't forget the main plan on the next chart...
Learn how to beat the market as Professional Trader with an ex insider!
Have a good Trading Week!
Cream Live Trading, Best Regards!
Nikkei Japan Stock Index (5/2/18) *Now Watch Out ThisDid you follow our previous 2 analysis? t has hit our 2nd TP level.
Now, pay extra attention to 22482 to 22868 level. That region is supposed to be a strong support level.
That region may offer some hard support.
ANd once that region is cleared, it is gonna fall further.
Time to make some serious money.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Nikkei Daily Update (25/1/17)Seems like a good short is going to happen.
With 24100 acting as a resistance, price should easily visit the support at 23000
Do note, overall is still in a nice uptrend.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Japan's stock market may be poised to break higherThe chart shows monthly bars on the NIKKEI 225 future. The index is returning to the 21000 key level, a level its failed to surpass since 1992. Price is above its 52 week Moving Average, and momentum is up for the only second time since the 1980's.
Whilst the rest of the Worlds post Global Financial Crisis recovery began in 2009, Japan's was delayed until the massive stimulus by Prime Minister Abe in 2011. This was offset by a JPYUSD fall in almost perfect sync. Interestingly the recent rally in 2017 has been positively correlated to JPYUSD, demonstrating that the rally is driven by higher inflation and growth expectations, building a solid case for further gains.
In summary the case for a Japan bull market is:
1. Improving earnings outlook with a strengthening domestic economy
2. Currently attractive equity valuations compared to developed market peers
3. Inflation picking up
4. Continued monetary stimulus
Nikkei (30/1/18) *This Baby is WeakIt is good to see the Nikkei index is doing exactly what we expected.
It shall go to 22972, 22700 level.
It has a better edge to stay on Short/Sell side right now.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Nikkei (25/1/18) *This baby is getting weak!Now Nikkei has broken a hidden serious of 23,900 level.
We now need to watch out 23,600 level strong and it can swing back down lower.
Be careful though, WE ARE STILL IN OVERALL BULL TREND.
23,000 level will be a strong support.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
CAD/JPY Short SetupFundamentals:
- NAFTA Negotiations uncertain, any signal at termination would cause loonie to sell-off
- JPY tight inverse correlation to global stock market, therefore a sell-off in markets would benefit this positioning
Technicals:
- Clean break of uptrend
- 100 Day MA crossover
- Ichimoku transition line crossing baseline
My outlook on UJ for the next week or two. Wonder how many days it'll take to reach the target if price decides to move towards my favor. From staring at UJ over the past two years I've sort of gotten a taste for it.
Bitcoin: Rising and Riding those FUD WavesI wanted to do another update because btc has been looking ugly these last few days, but DON'T SELL HERE. Ichimoku is the Japanese system, and the bars are also a Japanese invention that originated as a method for traders to track rice price movements over 500 years ago. This system provides some clues as to what's coming, and BTC is hot in Japan lately, so I figured why not give it a try.
I expect that price will be eager to break right through the 61.8 and 78.6 lines, as they have both been tested several times from the downside already. Because of that, resistance is a possibility, but I am anticipating that the 61.8 gets smashed almost immediately. I expect price to reach upwards over the next 2-3 days, and there could be another huge upshot over the next 3-5 weeks, although anything can happen at any time and the downside risk is substantial. $400+ increase in the 20 or 30 minutes that I developed this chart serves as initial confirmation of my hunch. Keep Hunting Everyone.
My Next Long Term Position TRYJPY LongI am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all peers in the world and with inflation and demographics of Turkey slowly going down I think soon we will see a major trend reversal here with significant strengthening of the Lira by more than 10-15%.
Short USDJPYNow looking for set up and second entry on this pair, the upside movement yesterday is just part of the natural movement, also part of my last plan for this pair in November 2nd.
Target still the same.
Have a Good Weekend!
Cream Live Trading, Cheers!
USDJPY ez trade!USDJPY
To open SHORT positions for USDJPY, it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will execute more positions on the position on H1 and 30M charts. Minimum 101 pips will be up for grab with small risk SL at swing high. Target 300 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
JPN225 trading close to confluence of 2 Fib extensionJPN225 trading close to 2 major Fib extension levels confluence . Also overhead resistance line . Cautious short around 24000 with stop over 24500. Profit objective : pullback of at least 1000 points
MONA: The Japanese favoriteMONA is the first Japanese cryptocurrency and is the go to coin for the Japanese people. I'm not really up to date with the fundamentals of this coin but it is an established coin and has been around since 2014. Also, Japan is starting to become more and more crypto-friendly and the Japanese are getting more crypto-aware, so this should be an opportunity for MONA.
Looking at the chart, the price is retracing after the third wave and might bounce from the blue box since it is highly oversold on the stoch RSI and there is a major cloud resistance in this area. If so, that could be the start of the last leg and this could mean a very nice profit.
