XDN trade ideas
DXY and JXY short termDXY Short term contraction with flat intermediate term momentum and a slight shift in short term momentum. Blue momentum shift up while in the contraction pattern presents a high probability scenario of a short term move up. A break out of contraction can give us a nice expansion move..but which way?
JXY Bearish momunetum off a 123 reversal 1st cycle high after a momentum shift. Short term: a bearish move is a high probabilty scenario. Even being at a cycle low. Contraction here or slighty higher PA and a reset of the cycle indie would be ideal. Short term momentum on the next higher TF (3:1 ratio) holds the clues. And short term momntum on the 60 chart is giving us a high probability of short term bearish PA.
JXY Bullish and Bearish PotentialWhy trading and wave analysis are two different things. Wave analysis by itself is not a trading
methodology. It is simply an analysis of what could happen. In school we were taught that every
analyst has two counts: A bullish and a bearish, or a primary and a secondary count. And when an
analyst becoms a trader it offers tradeable patterns which can be exploited. The chart is a result
of this. Red is the primary count and green the secondary count. The tradeable pattern for the primary
count is the red ABCDE triangle. The entry would be a close below (D) red dotted line. The Wavy Tunnel
Exit would be a close above the filter or the 12 EMA (green). The entry long for the secondary
count would be a close above the ABC correction pattern (B) green dotted line. The exit would be the same
A close below the 12 EMA. This of course is if the patterns remain simple and do not morph into
more complex correction patterns. ( Why ever trade starts with a stop loss or point where we are wrong in our
analysis. This is where wave therory plays the best rule. Because it has very specific rules for
wave structure. : wave 2 can trade as low or high as wave one but not beyond it. wave 4 cannot
close into wave 1. wave 3 cannot be the shortest wave in a five wave structure. A corrction happns
within parallel lines.
And it offers us some guidlines for points of possible corrections. Such as: .681 is the most common wave 2 correction.
.382 is the most common wave 4 correction. Wave C of an ABC correction most commonly trades within
the previous wave 4. etc)
So where does this leave us as a trader. Develop specific trading rules. With entry, exit points
both profitable and not. Stick to these rules. Stick to these specific rules for a given number of trades
(ON A DEMO ACCOUNT I used 50 trades) to see if you have a trade plan that offers a win rate ratio that is acceptable
for you. And if you use wave analysis. Trade The Pattern Not The Count...Jeffery Kennedy
JXY looking for a nice push to continue the channel JPY has been weak for the past few weeks but a nice push is heavily needed!
$JPY Index vs $NIKKEINote the Lows vs Highs Divergence while Instruments Inverse Correlated - Point of Reference mid 2016 when the #BTFD first introduced..
jxy short setup hello my friends ....
i will be analysis the jxy,dxy,exy for the next weeks first we start with
jxy
i am expecting a drop in jxy japan index price for the next weeks
JPY Index sur support En amont de la publication de l'IPC japonais, le JPY teste une zone de support qui pourrait amorcer un rebond technique soutenu par des données fondamentales.
Bearish Crab Pattern(possible)From a technical standpoint this pattern can be considered a bearish crab but not a perfect one. Specifically the B point is not a precise 61.8 retracement.
From a fundamental standpoint there is a "risk on" attitude with eur(french elections) and aud(CPI - Friday) and so the JPY is being sold.
Can you infer or confirm my assumptions?
This WeeK: Uncertainty => Yen Bullishness $JPY $JXYHey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.
Short Bias for the Yen This Week All Around $JPY $JXYHey traders, I like the yen short this week and potentially the weeks to come. Many EW counts leading to continued downside. Details and wave count on chart. Cheers
