Yen BreakoutI expect more sideways chop as price moves within a triangle pattern. Expect a forced breakout as price nears the apex of the pattern. A breakout higher could become problematic for "carry trades".
J71! trade ideas
JAPANESE FUTURES (MAR 2019), 1D, CMETrading Signal
Long Position (EP) : 0.0091295
Stop Loss (SL) : 0.009107
Take Profit (TP) : 0.0091745
Description
J6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (0.0091295) and place stop after 0.618 level (0.009107). Once the position was hit, place take profit before an agreement (0.0091745)
Money Management
Money in portfolio : $1,000,000
Risk Management (1%) : $10,000
Position Sizing
$0.0000005 = +-$ 6.25/std-contract
Commission fee = -$4.94/std-contract
EP to SL = $0.00002 = -$281.25
Contract size to open = 35 standard contracts
EP to TP = $0.00004 = +$562.5
Expected Result
Commission Fee = -$172.9
Loss = -$9,843.75
Gain = +$19,687.5
Risk/Reward Ratio = 1.95
Japanese Yen vs NikkeiThank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. 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. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Japanese Yen: just a snapshotHi Guys,
this is an update of what I posted last November (related links below).
Thank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. 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. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Week Plan - Bullish but correction not doneLooking for a double bottom to confirm the correction is in.
It all comes down to which fib level it wants to tag before testing the top of the impulse wave.
Week plan is to be aggressive getting into any double bottom because these have a good probability of being the final move before returning to the range high.
0.0091400 swing could be support for bull moveWatching on smaller timeframes for momentum move off 0.0091400 swing.
Is at fib zone and low vol area on profile. However not super bullish here, will be more bullish down at POC.
Only short terms trades long here.
Japanese Yen ShortGetting short at the previous session's low of 92545 and covering at 92400. Thicker LVN so not waiting for the HVN below. Probably running a 10 point stop.
Short Japanese YenShort Japanese Yen at the last session's low of 92545 and covering at 92400. Thicker LVN so not waiting until the HVN below. Will run 10 point stop.
JAPANESE FUTURES (MAR 2019), 1D, CMETrading Signal
Short Position (EP) : 0.009309
Stop Loss (SL) : 0.009366
Take Profit (TP) : 0.009085
Description
J6H2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.009309) and place stop after 0.618 level (0.009366). Once the position was hit, place take profit before an agreement (0.009085)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0000005 = +-$ 6.25/std-contract
Commission fee = -$4.94/std-contract
EP to SL = $0.00006 = -$712.5
Contract size to open = 4 standard contracts
EP to TP = $0.00022 = +$2,800
Expected Result
Commission Fee = -$19.76
Loss = -$2,850
Gain = +$11,200
Risk/Reward Ratio = 3.9
JAPANESE FUTURES (MAR 2019), 1D, CMETrading Signal
Short Position (EP) : 0.00914
Stop Loss (SL) : 0.009182
Take Profit (TP) : 0.009056
Description
J6H2019 formed Turtle Soup Pattern at 1d time frame. Trade setup with Sell Stop at 0.00914 and place stop loss at 0.009182. Place take profit at 0.009056
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0000005 = +-$ 6.25/std-contract
Commission fee = -$4.94/std-contract
EP to SL = $0.00004 = -$525
Contract size to open = 5 standard contracts
EP to TP = $0.00008 = +$1050
Expected Result
Commission Fee = -$24.7
Loss = -$2,625
Gain = +$5,250
Risk/Reward Ratio = 1.98
JPY: just some infoThank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. 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. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPYinteresting correction pattern, the price drop as wave C. Yen future also shows good pattern but in reverse way.
/J6 -- Bearish Trade on 15MRight now am looking for the trade shown, however if the price begins to flag up slowly I will potentially take a more aggressive 15M entry -- if this is the case I will update below
Yen: Trade for Continuation of Bearish Impulse on 15M4H AO has not crossed yet so this is a shorter term trade...here we can see a three wave correction with divergence and a double top on the last wave. My first target is the previous low. I will update at breakeven and when close to the target.
J61 USDJPY EURJPYContinue short scenario for Japanese Yen. Expecting big reversal after touching a resisting some key areas as show. RSI continues to be weak. USDJPY 114.5 EURJPY 1.33
GL
JAPANESE FUTURES SEP18 (1d)Trading Signal
Short Position (EP) : 0.0090950
Stop Loss (SL) : 0.0091580
Take Profit (TP) : 0.0089320, 0.0086455
Description
J6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.0090950) and place stop after 0.618 level (0.0091580). Once the position was hit, place take profit before an agreement (0.0089320) and 0.0086455
Money Management
Money in portfolio : $80,000
Risk Management (2%) : $1,600
Position Sizing
$0.0000001 = +-$1.25 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.000063 = -$787.50/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.0001630 = +$2,037.50 (STD)
EP to TP#2 = $0.0004495 = +$5,618.75 (STD)
Expected Result
Commission Fee = -$9.88
Loss = -$1,575
Gain#1 = +$2,037.50
Gain#2 = +$5,618.75
Total Gain = +$7,656.25
Risk/Reward Ratio = 4.86
JPY Future JUN18 (1d)Trading Signal
Short Position (EP) : 0.009095
Stop Loss (SL) : 0.009158
Take Profit (TP) : 0.0088765, 0.0086385
Description
J6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.009095) and place stop after 0.618 level (0.009158). Once the position was hit, place take profit before an agreement (0.0088765) and 0.0086385
Money Management
Money in portfolio : $80,000
Risk Management (1.0%) : $800
Position Sizing
$0.0000005 = +-$6.25 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $-0.0000630 = -$787.50/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = +$0.00021850 = +$2,731.25 (STD)
EP to TP#2 = +$0.00045650 = +$5,706.25(STD)
Expected Result
Commission Fee = -$9.88
Loss = -$1,575
Gain#1 = +$2,731.25
Gain#2 = +$5,706.25
Total Gain = +$8,437.50
Risk/Reward Ratio = 5.32
J61 Japanese futures USDJPY EURJPYJapanese futures in a sideways wedge, about to test 200MA on daily, as the base of the wedge has already been tested I expect it to move to the top of the wedge. I will be following wedge for break either way but my expectation is it will continue long as it is in an uptrend since 2015 and it has already breached this wedge in March 2018 when we saw the low in USDJPY. This will mean most pairs against JPY will be short USDJPY EURJPY etc.
