Nikkei: Peak bearish sentiment and a nice triple bottom

9 мая 2016 г.

I'm currently long USDJPY and GBPJPY, but we might have a chance to join the Nikkei's rally here.
Sentiment has reached extreme levels for equities, and the setup is eminently bullish, now that we've broken the weekly uptrend mode.
It's safe to enter a long with a stop under today's low, risk half initially, since weekly confirmation hasn't materialized yet.
This gives the yen pairs plenty of upside for a couple days/weeks.

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Cheers,

Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

10 мая 2016 г.

Заметка

Good progress.

11 мая 2016 г.

Заметка

Buy the dip with the same stop.

11 мая 2016 г.

Заметка

(this completes a full position, the 1% risk I reccomend if you risked 0.5% initially)

12 мая 2016 г.

Заметка

Doubling at the same price as you entered was wise.

12 мая 2016 г.

Сделка закрыта вручную

I'd reccomend caution, even though the trade has worked so far, IBB is falling rapidly again, and oil might have topped here. Perhaps exit and stay on the sidelines until we can more safely enter.

14 мая 2016 г.

Заметка

Was a good idea to book profits.

17 мая 2016 г.

Заметка

Nikkei remains a candidate for strength. Very well support so far. Forming a potential daily explosion pattern setup, we will get confirmation soon, and thus a new long entry here.

23 мая 2016 г.

Заметка

Failure to break above resistance might suggest a pull back is under way.

25 мая 2016 г.

Заметка

We're ready to break above resistance, if not long you can reenter here, stops under 16665.

25 мая 2016 г.

Сделка активна

"10 hours ago
Comment. We're ready to break above resistance, if not long you can reenter here, stops under 16665."

31 мая 2016 г.

Заметка

Great progress here.

31 мая 2016 г.

Сделка закрыта вручную

Personally I'd close this long position now.

20 февр. 2017 г.

Заметка

We hit the target zone. It can cause price to stall here for a while, sideways.