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E-mini Nikkei 225 - Yen denominated FuturesE-mini Nikkei 225 - Yen denominated FuturesE-mini Nikkei 225 - Yen denominated Futures

E-mini Nikkei 225 - Yen denominated Futures

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ENY1! trade ideas

Elliott Wave View: Further Upside in NikkeiShort term Elliott Wave view of Nikkei (NKD_F) suggests that the rally from 5.14.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 5.14.2020 low, wave (1) ended at 20830 and pullback in wave (2) ended at 20247 as chart below shows. Internal of wave (2) unfolded as a double three (double zigzag). Down from wave (1) at 20830, Wave W ended at 20515 as a zigzag, wave X ended at 20685, and wave Y lower ended at 20245 as a zigzag. Index then resumed higher in wave 3 which ended at 21730. Subdivision of wave 3 unfolded as another 5 waves in lesser degree. Up from wave (2) at 20247, wave 1 ended at 20550 and wave 2 ended at 20465. Wave 3 ended at 21370, wave 4 ended at 21150, and wave 5 of (3) ended at 21730. Pullback in wave (4) is proposed complete at 21410 and Index has resumed higher by breaking above wave (3) again. Near term, while pullback stays above wave (4) low at 21410, but more importantly above wave (2) low at 20247, expect Index to extend higher. As far as pivot at 20247 low stays intact, dips should find buyers in 3, 7, or 11 swing for further upside.
CME:NKD1!
by Elliottwave-Forecast
Life is great againJust had coffee with a trading friend for 2 hours and he was swearing and complaining to me how much he had lost in the stock market! More than 5 figures and worst of all, he kept this from his spouse. He continued to rant on and on about how the market is spooked, manipulative and blamed it on the Central Government for doing too little too late. Could he be right ? I don't know. I had my fair share of seeing red in my own portfolio and several positions been stopped out as well. I could not find a better phrase nor word to say what needs to be done now. Then I came across this article here. It hit on me that a professional jockey could still put on a smile despite not winning for 137 times !That is really admirable in terms of his "never-give-up" attitude. I am not saying the market will turn around this week if you choose to stay on. Nobody can tell you for sure just like how this stock market plunge took many by surprise. It is like a domino effect, first the Coronavirus dampening the mood of stock market, then the oil play between the OPEC members dragging down the futures and then the stocks as well. Nothing is spared with the exception of safe haven like gold, yen and the VIX. I have previously mentioned that one must not treat trading as everything in life but just a compartment of his life. There must exist space and time for family, friends, hobbies, social life, etc. Striking a balance is KEY as this is the time where you seek solace in this areas to let out your stress in a healthy manner. What goes down must comes up and vice versa. To miss the game of it coming up and you not participating in it would be such a shame because you call it quits. Not for another 137 times, now that is professional !! Have the right mindset an you will be able to survive any disasters! Take care ,everyone !
CME:NKD1!
by dchua1969