Get started

Ninjasingapore

EURJPY is in a range-bound mode for 3 months. Breakout soon?EURJPY has been in an uptrend between April and early Sep 2017 but since then, this pair has been in a range-bound mode. We were watching this pair closely and it gave us a potential breakout signal on 21 December 2017 but based on the price on 22 December 2017, it would appear that this potential signal did not work out. As you can see in this chart, EURJPY has been trading in a 310=pip range between 131.40 and 134.50. Investors like you may be wondering this pair's movement in the following weeks. From a technical outlook, we remain neutral on this pair with a very near-term bearish bias. Based on our forecast, we believe that EURJPY may potentially retrace to 133.50-133.80 range or even 133.20 level. We will watch this pair closely to see the reaction of EURJPY at these levels to consider initiating any long entry. On the other hand, if these levels do not provide the necessary support, we could potentially see EURJPY retest 129.40 which was the low on 6 September 2017. Good trading NinjaSingapore 24 December 2017 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
by NinjaSingapore
Our Forecast of the Price Movement of XRPUSD We have been requested to provide a forecasting report on XRPUSD, a crypto-X which we are not familiar with. What we attempt to do is to provide our report using the same forecasting techniques on BTCUSD and ETHUSD and our point is that regardless of what instrument we trade, the same techniques can be applied across the board. XRPUSD was merely 0.20 on 8 December 2017 and in 2 weeks, it had made an all-time high of 1.25. Since then, XRPUSD has been in red candles and retracing for a couple of days. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, we do see potentially a healthy retracement is emerging after its solid move to the upside in less than a month. A Based on our forecast, we could see potentially the price will test at 0.85 as our first support level and if it cannot provide the necessary support, XRPUSD could potentially be retraced to 0.72. We will monitor the price of XRPUSD closely and see its reaction as these levels. On the other hand, if 0.85 level provides a strong support, we could see XRP potentially move to the upside with our first target back to the all-time high of 1.25 on 22 December 2017 followed by our second target of 1.50. Good trading NinjaSingapore 25 December 2017 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
BITSTAMP:XRPUSD
by NinjaSingapore
12
After the 40% drop in BitCoins, what's its next move?BitCoins 4.50% made a dramatic move to the downside on 22 December 2017. Investors like you may be wondering whether the price of BitCoins 4.50% ( BTCUSD 4.50% ) would continue to go down in the following week I am sure. From a technical outlook, BTCUSD 4.50% has been oversold and the move is too dramatic. So, there is indeed a possibility that the price will make a rebound from the low of 22 December 2017. Based on our forecast, we are currently watching the price action at $15,400 and see whether the sell-off pressure will resume. If BTCUSD 4.50% can surpass $15,400, the next level we are watching closely is $16,400, followed by $17,800. We will provide a further update on this in our next forecasting report. Good trading NinjaTrader Singapore 23 December 2017 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance 0.82% on the information in our research materials.
BITSTAMP:BTCUSD
by NinjaSingapore
3
Our Rationale of Forecasting Methods at NinjaSingaporeHaving been in this industry for more than 14 years, we have tried many approaches - trading indicators, price action, eye-balling techniques and ... many others you can think of. At the end of the day, we have found what works for us. 1. A clean chart that clearly shows a trend. An uptrend is defined as a series of higher highs and high lows. A downtrend is defined as a series of lower highs and lower lows. It's as simple as that. 2. If an uptrend exists, we wait for the price to come down to a certain level to initiate our buy stop order. If a downtrend exists, we wait for the price to go up to a certain level to initiate our sell stop order. 3. No matter whether it is a buy-stop or a sell-stop, we always set a stop loss and using the price range to determine the contract size of our position. 4. Let the trade do what it is supposed to do. There is no need to pray, wish, dream or hope. It's over. The market will either agree with you by giving you the profits or disagree with you by taking your money away as a loss. 5. Your job as a trader is to ensure you gain more than you loss so that overall your account will be green or black. 6. If you have a series of losing trades, which will happen for sure in your career (guaranteed1), you need to have a set of rules to help you clear your little voices in your head. In such cases, you may consider hiring a life coaching who specialises in clearing process to help you. Alternatively, if you know how to do 7-PATH Self Hypnosis, do it as it will help certainly. 7. As a rule of thumb, successful trading is 80% trading psychology (minimum) and 20% trading techniques or skills. 8. There is a ton of information in the internet for you to visit. Read and watch as much as you can and keep on doing it. This is a career or a business. You need to constantly feed yourself with useful and relevant information to trading. 9. I am not against hiring a mentor or a coach to help you expedite your trading success. Just beware of the black-sheep in the market as this industry does have a lot of scammers who are making their money by teaching others rather from trading. Good trading NinjaSingapore 24 December 2017
BITSTAMP:BTCUSDEducation
by NinjaSingapore
7