Showing posts with label Nikkei. Show all posts
Showing posts with label Nikkei. Show all posts
Nikkei Forecast for the week 14th April, 2014
Nikkei Forecast for the week 14th April, 2014
- on to new highs perhaps?
Daily Chart
- Technically It tells me that we have bottomed for the year, and is on the way up to new highs 17000-18000
- This also means there is long opportunity for the yen fx crosses
Outlook Trade opportunity
Long at pull backRisk Level Low
Tips -
Always take note of any economical news event on our provided calender below
Nikkei Forecast for the week 17th March , 2014
Nikkei Forecast for the week 17th March , 2014
Weekly Chart
- We are trading very close to the Weekly Clouds which could act as support.
- Last week was a very bearish candle (Engulfing)
- If current support is to break, the next level will be the 78.6 retrace then the 100 retrace
Daily Chart
- Last Friday saw prices test the 88.6 fib level (from the Feb Lows to the March highs )
- My Bias for the Nikkei is to test the 14500 , if we manage to break above next resis will be 14800
Outlook Trade opportunity
I identified a cypher last week at the 78.6 however the price did went to 88.6 level,If your long, i would TP at the 'B' of this pattern
Risk Level Low
Tips -
Always take note of any economical news event on our provided calender below
Nikkei Possible Cypher / or some pause at least? - 14th March, 2014
Nikkei Possible Cypher / or some pause at least? - 14th March, 2014
H4 Chart
Outlook Trade opportunity
Possibly Looking for support confirmation on Yen FX pairs and go LongRisk Level Medium / HIgh
Tips -
Always take note of any economical news event on our provided calender below
Nikkei Cypher on the 5min chart - 11th March, 2014
Nikkei Cypher on the 5min chart - 11th March, 2014
Outlook Trade opportunity
- Note we are dealing with a very small time frame to view this pattern
- I am bearish the nikkei because on the Daily Chart, it has rejected a 61.8 and Ichimoku CLouds
Tips - Trade at your own risk and know how to trade these patterns before jumping into them!
Always take note of any economical news event on our provided calender below
JPN225 Nikkei Forecast for the week 10th, March 2014
JPN225 Nikkei Forecast for the week 10th, March 2014
Daily Chart
Last week we saw price accelerate and stayed above the 15000,
- if you put on the MA's, price is trading above, however all three have not crossed.
- Load the Ichimoku Clouds, and you will see price rejected the clouds which also is the 61.8. so this is a very big resistance
My thoughts I would be looking for opportunity to Short this more than long.
Tips -
Always take note of any economical news event on our provided calender below
Understanding the Market Condition : Nikkei JPN225 Scalp Trade Example : v
Understanding the Market Condition : Nikkei JPN225 Scalp Trade Example :
Well its my first time trading the Nikkei, ! but its on a demo account , but i'd like to share the chart and why i took itFirst I look at the big picture - 4hr chart
During the Asian Session, the Nikkei jumped very aggressively and jumped and stayed above an important level of 15000.
- As price approaches a fib retrace level of 61.8, its an area i will look for clues if market will take a pause
- Drawing in fib extensions, i saw a 127.20 fib ext level just above 61.8
- When market got there, i zoomed in a 5 min chart and see it bounced from there, so i just took a short trade there
Why was i confident?
- The time of the market was nearing Asian Lunch time where Hong Kong share market takes an hour lunch break and sharemaket takes a pause. - So the market condition should slow down, and earlier traders who got in the long of the nikkei most likely close their positions. -
- So understanding the market conditions is very important.
- Market went in my way, then i closed my order once price has stalled and performing 5min pin candles, and also the time is when every trader gets back from lunch, and market could resume its bullish momentum.
End result
- I got 700points from initial 400 risk. so nearly a 1:2 risk reward.
- As you can see, market is starting to pick up its momentum and if i were to kept my short opened and be greedy, my profits became negative!
More advanced tip:
At the same time , you could have traded a yen pair, say USDJPY, and could have went short, with the same result - (Nikkei and Yen Correlated)
At the same time , you could have traded a yen pair, say USDJPY, and could have went short, with the same result - (Nikkei and Yen Correlated)
Happy Trading!
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