#Bloomberg Business: Technical Outlook for #Nikkei225 points to a 'Death Cross' . How reliable is it for an investor / trader to take action based on this premise? But for those who decided to take this information more seriously CONGRATULATIONS! for being right on time to make the trade work in favorable conditions AFTER the FACT that resulted well!
A real classic example of 'Before and After the Fact' where a signal was reflected prior to the decline. A matter of one day difference can make or break a trading decision well worth the risk. Likewise, the technically motivated outlook have aligned with the market fundamentals making it a viable trade done in the NKD.M2018 CME Futures market. With a cushion protecting the trade gains in the USDJPY FX cash market for a full strategic hedge strategy whenever necessary.
Carefully watching the 105.50 levels is vital along side the price recovery for the US Dollar Index - DXY currently at the 90.65 basis point as of this writing. All trades that MegaTrade101 does are 'CORRELATED' with every instrument selected for trading and investing..
Likewise, MegaTrade101 goes by with the same principles of
Warren Buffet stated:
Only when the tide goes out, do you discover who's been swimming naked!
NK225 Direction Aligned with USDJPY below 105.50
ReplyDeleteUSDJPY @105.30 retested as new low heading into the US trading session. The NK225 ended in negative territory at it marked a low @21088.96 and closed @ 21,181.64 Change of
-542.83 (-2.50%). At close: 3:15PM JST
NK225 Direction Aligned with USDJPY below 105.50
ReplyDeleteThe Cross trade relationship with the NKD.M2018 Futures contract is a strategy best suited for Asian contagion on Equities market sell off.
NOTE: Futures market index does carry a premium margin requirement while its minimum fluctuation is 5 index pts, USD5 = $25.00. Expensive yes but well worth the risk.
NK225 at 21042, four consecutive declines nearing a rest below 21K with a low at 20937. The strategy in NKD futures and YEN appreciation more than leveled off declines in a global contagion. USDJPY just about right for now but not without an extension in the making.
ReplyDeleteItalian election results would carry European currency direction outside of the US equities still nursing the ill effects of President Trump's tariff announcement.
So far these trade actions have proven to be quite effective as the end result has now been VALIDATED!
ReplyDelete