Get started

Japan 225

Waiting for Long tradesWhen price closed above the Moving Average with period 100, it was a signal that down trend was over. Price bounced from Up Bollinger Band and it was a good opportunity to open Short trade, because we had reversal with RSI and MACD confirmation. Entry could be below 17195 with Stop order higher then 17780 and 2 Targets like 16550 and 15300 - it's Support Level. It was good and profitable trade. But what should we do if we did not open Short trade? Now, we have to wait for reversal signal and open only Long trades. If price reverses from Support Levels 15200 and 14800, we'll need confirmation from RSI and MACD. When we get it, it will be a signal for opening Long trades with Targets 16500 and 17900. Stop Loss should be placed below Support Levels. So, let's wait )
FX:JPN225Long
by DLavrov
About Bollinger BandsI would like to show you the perfect signal from a such indicator like Bollinger Band. This indicator is very interesting by contractions and expansions which follow each other. After contraction there will be expansion and good trade opportunity with good movement. This daily chart Nikkei 225 shows the same. Price closed out of Bollinger Bands, MACD and DMI confirmed the breakout. It was good signal for opening short trades in the direction of the main trend. Weekly chart also confirms that it's better to open short trades with targets about 15200-15000.
FX:JPN225Short
by DLavrov
Nikkei: Short the topThe Nikkei is showing an interesting setup. On one hand, there is a daily uptrend in place, but on the other hand, price is approaching the key area corresponding to the day when negative rates where announced by the Bank of Japan. This daily candle was followed by a higher low, which is labeled on chart as a key level, and then a heavy decline. As an interesting sidenote, this day's low and high match the extremes of the 'value area' in the volume profile, and the 50% level marks the monthly mode (regarding time spent at price) on chart for this whole range where price has been stuck since November 2015. You could go long Nikkei (or some yen pairs, like for instance EURJPY), to ride this coming leg up in risk on, but the bigger trade might be the short side once this is done. Interestingly, the Dax is the worst performer as of late, and might be the best short candidate. I'll update the chart with the short entry once we hit my target. I added the tlt, gold and hyg charts on top, and the usdjpy, Dax and S&P500 charts as an overlay to the Nikkei so you can see the interplay between them. The idea is to use the Nikkei and Yen as a barometer for the other instruments here, everything forms part of the same puzzle and we can crack the codes with some work on the patterns on chart, and knowledge of the fundamentals, news dates, and the price reaction associated to them. Happy Easter, Ivan Labrie.
FX:JPN225Short
by IvanLabrie
5