Japan 225
Nikkei 225 Short TradeYou see a good example, how we could use an uptrend line, a breakout and retest with following down movement. When price confirmed the reversal, we could place a pending order for entry below the low of the bearish candle. Anyway this signal is still workable for opening short trades with stop above the local swing high and profit target at the uptrend line.
Nikkei 225 Wave Count: One More RallyThe Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the dotted trendline. I like a buy on USDJPY after a bullish impulse and if the Nikkei extends toward the 3=5 level, we will have an excellent selling opportunity ahead. Cheers
Nikkei 225 Bearish DivergencePrice reverses from the resistance level 19600 with confirmation from RSI indicator. Bearish divergence gives a signal for opening short trades. Entry level is below 19185 with stop above the resistance level. Profit targets are Moving Averages with 50 and 100 periods. MACD confirms down movement and DMI allows open short trades.
GBP/JPY 4H STRATEGY JAN 17 FORECASTGBPJPY - LONG ORDER
New Year, New motives: Aiming for an emotionless trading year.
- Money Management
- Strategy Play
- Discipline
- Patience
GBPJPY: SETUP
- Waiting for MA20 to cross back above MA50 for long orders.
- MA20 to test for support again.
Rules: Long
1. MA20 above MA50
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support
Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle
ROLLING TREND STRATEGY & Follow-through #USDJPY #NI225 #HEWJReference to Oct 30, 2016
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Update: As of Dec 09, 2016
Breaking Dawn to Rise for the #NK225 Aligned #USDJPY and its Correlated #HEWJ ETF as an Effective Strategy still active to this point.
#Nikkei 225 @19042 high has been marked in the market, driving a strong move for the #USDJPY nearing the 115.50 target levels mentioned in our "CORRELATION STRATEGY" trading @115.22 to this writing. Meanwhile the ISHARES Currency Hedge Japan ETF (HEWJ) is already @28.30 from its breaking price point of 25.00. Thus all in line with our market call.
While this is also supported from a #USD price recovery after #ECB President Mario Draghi left rates unchanged with the exception to cut its bond-buying policy to 60B instead of the regular 80B which would likely be extended thereafter. This drove the #EURUSD now currently @1.0556 levels to this time in the US session.
Chart Overlay on Cloud: USDJPY, NK225, HEWJ,
TIP #3
The NK225 rally would likely be the same exceptional experience & price action of the #DOW, while the #USDJPY
weakness is still in play. The similarity with the DOW's strength when the #USD declined from the 1st two QE policy
of the Federal Reserve was set into motion.
JPN225: Potential Gartley... wait for itThe Nikkei has a potential Ideal Gartley formation, it's still early to tell, but if it gets there there is a huge opportunity to short the japanese index
If you don't know how to operate correctly this type of patterns it's better to stay out
For targets: divide the position in three parts, then you can trail the last part until it reverses and touches your trail stop
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Nikkei Long Term ProjectionNikkei inline with DAX seems doing a Double.. While DAX still has some more higher NKD looks like completed while last leg of X extended to the 100% - 1.272% Extension of the - legs.. Note as well price has hit the 61.8% Retracement from all time highs to 14.800's lows.. We should see at least a pull back from here if not an extension towards the major W - X 100% Extension..