Just thought I’d place up this quick weekly chart on the Nikkei after last weeks price action.
Last week saw some volatile moves across all markets and a lot of the rationale for the move in the yen and the Nikkei were attributed to the volatility of the JGBs. However I never get too caught up in the reasons behind it. In this previous post the market Wizard Paul Tudor Jones gives a fascinating insight into our need to try and understand everything and how it can be a flawed strategy. As Technical traders we just trade what we see. And here I see a huge Engulfing / Momentum Reversal Candle on a weekly chart after a very nice trend. Lets see how it plays out!
Trade Well!
Paul
FXTraderPauls Trading Adventures 
May 27, 2013
FXTrader Paul, Indices Trading, Trading, Trading Set-ups