Roller's Intraday futures journey

Careful Roller. That looks like liquity to target, to me.

It wouldn't surprise me to see some consolidation around those highs and then it rip straight through.

Yeah will be interesting how it plays out. That's why I would prefer price to go down before heading up there. It feels like we're in a bit of a decision phase of what way it wants to go, it has been banging on the door of that resistance up higher afew times so if it gets up there that will be vulnerable.

Cam019 said:

Careful Roller. That looks like liquity to target, to me.

It wouldn't surprise me to see some consolidation around those highs and then it rip straight through.

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What have you got your eye on today?

For better or worse I'm in the trade. Price is pressing down around this level a few Times Now so that isn't ideal but let's see where the cards fall.

Roller_1 said:

For better or worse I'm in the trade. Price is pressing down around this level a few Times Now so that isn't ideal but let's see where the cards fall.

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Was fun while it lasted

Big gap down today, price is currently trading down in an old gap that was created back in Nov 2020. It was trying to hold above it but couldn't stay out of there. Will be interesting if we get a bounce anywhere in this zone or if it trades down to fill the gap currently down +3%

Some nice action so far this morning. I got into a nice early long of a long term daily level just before the open. Just had the one contract on against the trend, so I couldn't scale out unfortunately. But was a nice move into 25120

I was eyeing off this level around 25320-300, hoping for a little bit of consolidation around there but we just got a big heavy move into it and a straight reversal.

Not really sure if I want to take a short if we get back up there, will see if we get any rotation around that level otherwise we might be heading up to test the overnight highs eventually and some gaps which are above that.

Another brutal day for the Nikkei, was looking very rosy in the morning with a strong rally from the open straight into the overhead supply before trending down the whole day. Unfortunately didn't get in at the top level but got a nice move in the morning.

Daily level is marked up in purple below current price, I haven't been trading when we are testing the levels from so far back. So I'm flying a bit blind as to whether they will hold or not be too significant. The level held up this morning so see what happens if we get down there again

the Nikkei has gone beast mode overnight and into this morning. I was hoping for a fade from the red line down to 24900 but that obviously didn't eventuate.

Looks like we're going to close the gap that formed a few days ago. Pushed up through a few levels to get to here.

A few green shoots in my analysis which is encouraging but obviously a lot of mistakes still.

Kept it very simple this morning.

Aligned myself with the HTF trend.
shorted once we failed to overcome previous resistance
first target was a gap fill from the morning, second target previous resistance.

we are currently in an area I'm watching for some demand to come in, but trending pretty hard this morning. I think I will be watching from the sidelines for the rest of the day instead of chopping away the morning's winnings lol.

If it can get back above 24950 things might be looking good for another run up

Thought I would do another weekly outlook on the Nikkei too see what I think might happen.

The weekly chart is poor looking pretty negative, been trending down now for a long period of time, with volatility and the rate of decline ramping up over the last three weeks. Volume has also picked up over the last three weeks which is understandable with things going on in Ukraine. This seems to be some of the highest volatility since March 2020, but volume will also be present when things decide to turn or have a bounce.

Trend: Down




Daily Trend: Down

the daily chart is very similar, we got a bounce towards the end of the week too close [well almost close] the gap from the start of the week.

If prices are to start turning back to the upside then it would be good to see this low hold or at least be recovered if it breaks.

No signs of this yet on either of the charts.




4hr
Trend: Down

possibly starting to see some signs of hope here for at another attempt at some higher prices. Initially I was hoping that the yellow line at 24900 would have held during Friday's day session. even though it broke this was recovered before some wild swings overnight. Hopefully this area can hold going into the open on Monday but there have been some big gaps on Mondays the last few weeks so it's a bit of a gamble what way it will go. the actual trading session might be more of a telltale sign then the open or the first few hours at least. Hopefully this area can hold around 24900 and give us high chance at breaking the highs that were made during the week.

When I say hopefully, I don't really care what way it goes but everyone likes higher prices...

A decent accumulation zone around the purple lines between 24600 and 24400 gave a good run up to close the gap. Unfortunately this happened overnight so I didn't get to trade it. And then got burnt a few times once we got up to the top trying to pick the reversal point.




The accumulation zone around 24600 has very similar characteristics to one that developed on the five minute chart late on Friday session. The Friday session accumulation zone resulted in a big run up into the close and followed through overnight in US open. Not saying that this is what is going to happen during the week but will be interesting to see how it plays out.

2hr chart below



5 min

Been struggling to get a read on things the last couple of days. We have been range bound for a while and there are still some big swings around place but have been getting chopped around a lot. So far my best trades or reads have been when we have a clear directional bias one way or the other, which makes sense but navigating the in between is the challenge.

I took a good swing overnight on a cfd acct from the turquoise line down the bottom up to 25450. This was a good level, a area with a solid move up previously and had not been tested yet.

If we get a pullback to 25285 and that area holds around that consolidation then I will be looking to get long.

Hanging in there… Just

The dump down pre-cash open was pretty swift. See what happens if we get a rejection around this 350 area or if we can overcome it

Heading in the right direction

Target at 25580, nice strong move could be on the cards if these highs hold

Little swing from 360-465 on a retest of support

A good confidence booster today. Got nearly the whole swing up, bailed at 25555 when we got within one tick of my target at 25580 then pulled back.. A few small little scalp trades in the afternoon.

looking through some material online yesterday and this is looking pretty similar to the Wyckoff reaccumulation pattern. The only thing is we are not in an uptrend and have just come off some lows where a small accumulation pattern is down the bottom of the chart.

If this area breaks out overnight a push up towards 26000 would be the first target. Or just below it around the shaded area or 25970.
There is a fed interest rate announcement overnight so that might get things moving either away.

Looks pretty similar to some of the material on the stockcharts.com site

Momentum to the upside continued overnight and we tagged the 26,000 level before a pullback. Straight through it on the second attempt with a strong rally into the close.

Up into an area of possible supply here but need to keep in mind we are coming off a big accumulation area so might have some steam left in the tank. There is a level at 26185, and another one above it but cautious to the short side here.

Roller_1 said:

A good confidence booster today. Got nearly the whole swing up, bailed at 25555 when we got within one tick of my target at 25580 then pulled back.. A few small little scalp trades in the afternoon.

looking through some material online yesterday and this is looking pretty similar to the Wyckoff reaccumulation pattern. The only thing is we are not in an uptrend and have just come off some lows where a small accumulation pattern is down the bottom of the chart.

If this area breaks out overnight a push up towards 26000 would be the first target. Or just below it around the shaded area or 25970.
There is a fed interest rate announcement overnight so that might get things moving either away.

Looks pretty similar to some of the material on the stockcharts.com site


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Since that re-accumulation pattern, it has been virtually straight up all week. Not really respecting any of the levels, although we did get a pause at the two major ones. Just enough to suck you into thinking areas some distribution going on… We are at another area of interest up around this 27100-200 level, but the next major daily swing is a little bit higher so it might like to go up to test that area to see what happens.

Public holiday in Tokyo today so just looking over some charts. No trading.

One of my trend systems on the ASX have kicked back into gear this week. So the run-up might be is nearing its end!

A few small trades in the morning, got stopped out on a long attempt at the start of the day.

Short here from 27020 but I have a tight leash on it. If it gets up around 27040, will bail and consider flipping long targeting the highs and the gap fill

A pretty slow day overall. Ended up bailing on the short just below 27,000 on the pullback.

Possibly starting to set up a larger distribution area, the overnight action will paint a bit more of a picture of what may lay ahead over the next week