KSIC trade ideas
Kospi double topKorea is highly cyclical and a decent "canary in the coal mine for" a) the Semi Cycle, given the size of Samsung Electronics in the index and b) the global manufacturing cycle.
Watch for a double top.
This is not investment advice, I am not a licensed advisor and you should always do your own work or seek professional advice.
KOSPI Composite index (KOSPI) - Bears is about to take over KOSPI Composite index (KOSPI) is in perfect impulse cycle in 4 hr time frame made from the bottom made in Corona Pandemic. The fifth wave is in ending diagonal structure, which should probably result in sharp decline. So stay bearish with stops above 2240 from current level as 2nd wave of A in ABC zigzag cycle. This is the perfect set up as world market also in choppy zone or bearish territory. The target zone of pattern will be below previous 4th wave of impulse cycle, means around 2000-2050 level.
Great set up that every Elliottician love to trade.
Positive with Korean Index if it breaks the downtrendThe Korean Index is consolidating the last 44% gain it made in the last quarter of 2020.
This consolidation is very well defined inside a downtrend channel. I am positive if it breaks it. It could be the start of another leg up.
As long as it stays in the that area, I am neutral.
Next support around 2800. That would be ~50% fibo retracement of the previous movement.
That kind of consolidations are very healthy.
Have fun and be careful out there!
Traditional|KOSPI|Long and shortLong and short KOSPI
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
ridethepig | KOSPI for the Yearly Close📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across the continent.
For different reasons to India, but with well placed influence, Korea has the chance to really outperform in the next decade. EM Equities and currencies are going to provide a lot of opportunities for 2020:
With that recognition behind us, I am going to be spending a lot more time in Asia for this chapter in the economic cycle. From 2020 - 2030 we are going to see a the great migration of capital from West to East. The ability for KOSPI to break 2,600 is showing how flexible the bid really is into the year close. We also have to take note of the differentiation of outside candles on the yearly:
Here deploying capital to Korea for a strong move in 2021, though it involves some understanding of the relevant sectors (we will dig deeper into some single stock opportunities and sectors later in the month so start to prepare your charts).
Thanks as usual for keeping the feedback coming 👍 or 👎
Kospi - bullishI'm finding it really hard to be bearish on this index, which is a slightly worrying thing in itself, but the recent price action can't be ignored. This index is going up in a straight line since the end of October and I can barely find any correction to even attempt a count on my "5th wave". I would expect a pullback at some stage although when you look back at this index the pullbacks tend to be sharp but short. The orange line the January 2018 which it has just broken. Lets see if it can hold here.....
KOSPI close to topping out at 2,700 Expecting a choppy ride to 2,700 on the KOSPI by Q1.2021 due to the bullish seasonality of Q4 followed by a choppy downcycle into 3Q. 2022 similar to the one seen from 2018 - 2019.
The rise of USD is denting profitability for Korean companies which are export dependent.
Not expecting a short term crash as the one seen in March 2020 as central banks are willing to buy ETFs to pump markets in case of major drops
!IDX, !KOSPI, !THD Long Entries for July 28Up 1.8%, the breakout here is clear for the EM as I called 3 weeks ago. This was assisted with Asia slowing in 2017/18. Asia looks better at this point because Asia technically slowed down before the West. !THD and !IDX are good longs and I will be taking them.
13:19:40 (UTC)
Tue Jul 28, 2020
