Out last plan gave us a good 3% value. Or more if you managed it often.
Now comes the next part, after making higher highs few days ago, now we have a volatility dropping and getting close to the low end of the range.
But am I going to buy it? well, not yet, if it comes down to the lowest part of the range, then yes, if not I will wait till tomorrow and update the signal here.
If you are a bigger picture kinda person who trades without massive leverages, then it's up to you.
Since I trade with margin, I will wait for a day or two before committing to this trade.
Like I said, I will be a buyer at the low end, and I will be buying incrementally if it ever comes to the low end of the range.
Few things to keep in mind before the trade:
Nikkei has a weak bullish signal at the moment (good for USDJPY)
USD is more or less oversold against a lot of other currencies (Good for USDJPY, but may be a transition is set in place???)
USD index itself is in a grey background screaming at JPow to come and be the saving grace.
given how our model was able to "predict" labour market data and front run last week, are we in for a strong dollar strong US equity phase of the economy?
EU is showing bullishness in the index with bearishness (weak) in euro, which is again good for (USDJPY).
I think I have given you a good key points here on the bullish case apart from just the machine signals. Let's see where this goes.
If you have anything to add to this or you have a contrarian idea, please comment below. I will be glad to learn more.
Redd
Now comes the next part, after making higher highs few days ago, now we have a volatility dropping and getting close to the low end of the range.
But am I going to buy it? well, not yet, if it comes down to the lowest part of the range, then yes, if not I will wait till tomorrow and update the signal here.
If you are a bigger picture kinda person who trades without massive leverages, then it's up to you.
Since I trade with margin, I will wait for a day or two before committing to this trade.
Like I said, I will be a buyer at the low end, and I will be buying incrementally if it ever comes to the low end of the range.
Few things to keep in mind before the trade:
Nikkei has a weak bullish signal at the moment (good for USDJPY)
USD is more or less oversold against a lot of other currencies (Good for USDJPY, but may be a transition is set in place???)
USD index itself is in a grey background screaming at JPow to come and be the saving grace.
given how our model was able to "predict" labour market data and front run last week, are we in for a strong dollar strong US equity phase of the economy?
EU is showing bullishness in the index with bearishness (weak) in euro, which is again good for (USDJPY).
I think I have given you a good key points here on the bullish case apart from just the machine signals. Let's see where this goes.
If you have anything to add to this or you have a contrarian idea, please comment below. I will be glad to learn more.
Redd
Comment:
...And there you go
Trade active:
Still active and adding incrementally to the buy side
