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Ichimoku Kinko Hyo Analysis on Singapore Car Taxes
Discussion of Singapore’s recent inflation seems to dominate dinner conversations these days. In
particular, the recent spike in COE prices is always in the conservational limelight.
While financial markets take a year end
perspective, by using an indicator we commonly use: the
Ichimoku is an award winning Japanese trend following indicator that has been succe
nearly every tradeable market. It is also one of the primary elements of proprietary trading systems
developed at APF Trading. This indicator
area between the blue dotted lines i
A widely used trading strategy for
Strategy, which will be the focus of this article
Senkou Span A and Senkou Span B
prevailing quota premiums relative to the Kumo.
So what is this Kumo Cloud? While most technical analysts rely on support/ resistance
by Western indicators, the Kumo serves as key suppo
generally indicates greater volatility in prices, and is also a stronger support/resistance for prices.
Therefore, a breakout from this cloud usually brings about strong price movements in the direction
of the breakout.
Ichimoku Kinko Hyo Analysis on Singapore Car Taxes (December 2010)
Discussion of Singapore’s recent inflation seems to dominate dinner conversations these days. In
particular, the recent spike in COE prices is always in the conservational limelight.
year end break, we decided to analyse COE prices from a different
perspective, by using an indicator we commonly use: the Ichimoku Kinko Hyo.
Ichimoku is an award winning Japanese trend following indicator that has been succe
nearly every tradeable market. It is also one of the primary elements of proprietary trading systems
indicator is distinctively identified by the “Kumo Cloud”, which is the
area between the blue dotted lines in our charts below.
A widely used trading strategy for longer time frames (weekly, monthly) is the Kumo Breakout
, which will be the focus of this article. As such, only 2 of the usual 5 lines
Senkou Span A and Senkou Span B, which make up the Kumo. We will take a look at the 1991
prevailing quota premiums relative to the Kumo.
So what is this Kumo Cloud? While most technical analysts rely on support/ resistance
he Kumo serves as key support and resistance areas
generally indicates greater volatility in prices, and is also a stronger support/resistance for prices.
Therefore, a breakout from this cloud usually brings about strong price movements in the direction
Discussion of Singapore’s recent inflation seems to dominate dinner conversations these days. In
particular, the recent spike in COE prices is always in the conservational limelight.
we decided to analyse COE prices from a different
Ichimoku is an award winning Japanese trend following indicator that has been successfully used in
nearly every tradeable market. It is also one of the primary elements of proprietary trading systems
is distinctively identified by the “Kumo Cloud”, which is the
monthly) is the Kumo Breakout
As such, only 2 of the usual 5 lines are plotted: the
We will take a look at the 1991-2010
So what is this Kumo Cloud? While most technical analysts rely on support/ resistance lines provided
areas. A thicker cloud
generally indicates greater volatility in prices, and is also a stronger support/resistance for prices.
Therefore, a breakout from this cloud usually brings about strong price movements in the direction
Let’s take a look at Category A. The recent rally in
from 1991-1996. The first break
years. Notice how prices typically retrace back to the Kumo in a mean reverting manner
point during the 9 years did price break above the Kumo.
COE price finally broke above the Kumo
compared to the one in 1991-1996, and
through. While testing the all time highs, w
near term where price would gravitate towards the Kumo.
suggests that prices are skewed to the upside unless prices break below the Kumo.
The outlook for Category B is similar.
the rally from 1991-1994. The first
prices over 10 years. Prices finally
not expect the same rate of increment to follow through
occur in the near term. For the
upside unless prices break below the Kumo.
Kumo is thin, suggesting weak price support
Article written by APF Trading: APF Trading is a trading advisory firm offering clients Managed Forex
Accounts and advice on multi-asset trading strategies, signals, trading systems, execution services
and trading platforms. The firm also conducts research
Ichimoku Kinko Hyo and DeMark Indicators.
The recent rally in COE prices is the most we have seen since the rally
1996. The first breakout below the Kumo in 2000 resulted in a 85% drop in prices
years. Notice how prices typically retrace back to the Kumo in a mean reverting manner
point during the 9 years did price break above the Kumo.
broke above the Kumo in mid 2010 and rallied 100%. This surge is at a faster rate
1996, and we do not expect the same rate of increment to follow
While testing the all time highs, we expect a mean reverting price action to occur in the
near term where price would gravitate towards the Kumo. In the longer term, our
prices are skewed to the upside unless prices break below the Kumo.
is similar. The recent rally in prices is the most that we have seen since
1994. The first breakout below the Kumo in 1999 resulted in a 95% drop in
s finally broke above the Kumo in mid 2010 and rallied 150%.
not expect the same rate of increment to follow through and expect a mean reverting price action
For the Longer term, we maintain the view that prices are skewed to the
upside unless prices break below the Kumo. This bearish breakout can happen as we see the future
Kumo is thin, suggesting weak price support in 2011-2013.
APF Trading is a trading advisory firm offering clients Managed Forex
asset trading strategies, signals, trading systems, execution services
and trading platforms. The firm also conducts research and technical analysis with a focus on
Ichimoku Kinko Hyo and DeMark Indicators.
prices is the most we have seen since the rally
in a 85% drop in prices over 9
years. Notice how prices typically retrace back to the Kumo in a mean reverting manner, but at no
This surge is at a faster rate
e do not expect the same rate of increment to follow
e expect a mean reverting price action to occur in the
our Ichimoku analysis
prices are skewed to the upside unless prices break below the Kumo.
he recent rally in prices is the most that we have seen since
below the Kumo in 1999 resulted in a 95% drop in
id 2010 and rallied 150%. Again, we do
expect a mean reverting price action to
Longer term, we maintain the view that prices are skewed to the
happen as we see the future
APF Trading is a trading advisory firm offering clients Managed Forex
asset trading strategies, signals, trading systems, execution services
and technical analysis with a focus on