Nikkei cruising

Funny how I keep running in circles.
Maybe its part of the journey.

Yd I had a 14h day just staring at the charts and trading - no distraction and I've finally had an epiphany I got it all , all those moves, the reasons behind why it moved the way it did.

The end result my brain is fried, I slept until 4AM and my eyes are dry.

And I begin to question myself, to attain that top place that we all reach for what it'd really take - the stakes are so high to get up there. And I think the show Succession shows that really well. I haven't finished the series yet, because I've been trading all day past few weeks but I have a feeling money will win over morality and all good traits.

But is it all worth it ?

There's a price to pay for everything not necessarily only in monetary means but your health and well being and your humanity too. To attain this excellence I've certainly paid the price but do I really want to keep chasing after the coins up and down, down and up all day long like a trading robot ?

Probably not.

I'm beginning to lose my sleep.

No.

There's so much to life than just money.

I'm settling for 87p a day lol, remember how I said I wouldn't life can be humorous I can work with that eventually compound interest will do its job I'll just make sure I hit that point every single day. Remember I said I attained excellence in trading lol ? I hope I can keep that word I really do. The reason being 87p is its good enough but also will allow me to get off work quickly I want to live my life outside of this you know, I've dedicated so much of my life the past 8years only to this. I'm very close to breaking point.

Btw short trade in its 6AM here my time, Nikkei opens at 6AM so if I take the first trade by the open then I'll be able to call it a day in say 30min to 1.3h and thats good !

out from short +78p

I think I can settle with closer to 80p a day.

10p less its okay.

done for the day.

just minutes away from Nikkei open
previous wave was down kicked off from yd US session
but for the Asian morning trade if I want to take it down I'd have to wait for a retest confirmation which there's yet to be printed
however I see troubling signs for bears at around 50780
the last low failed
and if I see break above 50790 bulls could be building up their positions
murky waters
BUT
to get on the bull train I'd have to wait for a full retrace confirmation too !

waves, waves, waves....
you can't elude me nomore.

there we go
but not yet for an official confirmation
till then you never know
you never know.

now its in between 804 and 790
as it could be a test of 814 for bears.

looks like a broadening pattern
who knows what until I see THE confirmation.

Please don't go against the wave.
You'll drown in seconds.

and forget about making money
just follow the goddamn waves

money will follow if you follow the waves.
rules are rules.

long at 50804.

okay the force awakens.
but i don't know how far it'll go.

now I'll just have to carefully keep on watching for any troubling signs.

out +157p
but I'm sure there must be a range ? (I suspect its 200p in general and 300p for the opening trade)
right ?

with or without the range for now no sign of bull trend slowing down.
but I gotta rest for the day.

tired.I almost went crazy thinking about these goddamn waves for years and years.

I like Nikkei for this reason compared to S&P 1h chart which moves like a snail Nikkei trends strong and fast !

now its retrace wave down to 50869
fascinating!

it actually follows a logic.
its not random at all even on m1 charts.

PS: could it bypass a level during a retrace wave ? I guess it could !

The reason why I was weary of trading the retrace I mean it eventually did fall to 50869 but it tried at 50994 and retrace entry would have been below 51039 so close call ! trend is up still but it could may as well turn from 50869 if it fails to hold if it holds we have to go beyond 51100 the last high to see any attempt from bears.

What a day it was yd.
I mean although I called it a day with actual trading I followed price all throughout European session and the beginning of US.

And another aha moment came.

Like oh I see why you did what you did kind of moment.
I know understand why yd retrace wave turned into a full blown downtrend without "proper" test or pullback that I was waiting for it was 1h confluence coming in strong ! because I'm on a minute chart I'm bound to witness such moves ! and when they come in they come in.

But after Tokyo lunch break Nikkei finally did found a bottom on 1h support again but this time around shorts were in fashion so naturally minute chart was in conflict with 1h level or support so price formed broadening pattern which then successfully established itself as darvas ? or you could say bottom in this case because price still managed to climb up to target then retrace wave down and another impulse leg up reached target.

Then around London open something peculiar happened, it was peculiar to me until this morning because I couldn't understand the reason why. But now I do, again conflict with minute chart sellers and 1h buyers another broadening pattern but this time sellers won because darvas was a sell. And I now clearly see how and when it turned around and impulse wave down to target which is about 200p. Thats all I've managed to follow thats 12h work day for me. Pat on the back

Oh well.
Another battle for bulls and bears just another day I guess.

Back to the opening trade for me.
Trend is up since US session I'm glad I don't trade US session thats a whole another beast in itself.

Retrace wave from 51003 nearest support 50953 it looks like we're ahead of 1h R but we've got buyers on m1 we'll see.
For now again I haven't got a confirmation.
We've got about 10min to the open.

short
slightly below where I should have entered.

target 50636


it was a reversal.
sometimes its in the tiniest details.

if I'm right there shouldn't be funny games happening here as it was a proper reversal on minute chart and not a sell from 1h level.
but we'll see.

125p
out a little early
but its okay.

done.

Overnight trend was up.
Nearest support is at 50918

However I don't see PA agreeing to a continuation.
In fact I see trouble brewing for bulls.

Haven't got the full confirmation yet.
Gotta have to wait for the opening candle.

All in all with my way of trading there're 5 possibilities that can happen on any given day, 1. reversal , 2. continuation, 3. 1h resistance , 4.1h support against the m1 trend, 5. darvas conflict between buyers and sellers which occurs when 1h reversal happens against the m1 trend.

Even with opens with gaps I think these rules apply.

opened with a gap.
hmmm...
I'm on the sidelines
this could easily print an upward movement.

better be patient than be sorry.

too far down to go short now.

trend is down on m1 chart btw.

This is new to me,
gap trading...

but I think this is a continuation from 844 instead of 905 I didn't see upward PA down below
So I went short on that first cue.

better be careful as its a new situation for me.

target 50540

resolution sequence complete below 50809 target 50544.

+208p out

yes! hits right on target.

I'm beginning to feel the rules in my bones.

thank you happy weekends.