dchua1969

dchua1969 Updated 

See the chart

dchua1969 Updated 

This is what I intend to do this week : 1. to rebalance my portfolio - ensure profitable stocks, currencies and commodities are either cash out partially or increase my trailing stops to avoid backlash 2. to reduce my long exposure - avoid spreading too thin - there are always something to long if you look hard enough ,haha. To keep the main thing the main thing...

dchua1969 Updated 

On the day chart, this is what I see.The price action is moving up to close the Cup & Handle pattern. From current price to 1.36 or so, is a good shorting opportunity. Go to lower time frame , 1H to monitor the candles and price action to enter your position. That would be a short term trade. Avoid entering too early! Let the price action tells you what to do and...

dchua1969 Updated 

There are many countries that we know and have heard for years there is a housing bubble. Canada, London, Australia, China, Hong Kong,etc. The price keeps on climbing despite all odds. With the Fed going to hike interest rates soon, would Australia with variable mortgage interest suffer and liquidate their excess properties ? What's the implication to the Aussie...

dchua1969 Updated 

If the price action does break out from the wedge pattern, we expect it to fall further towards the blue dotted line. Trade safely.

dchua1969 Updated 

If this statement is true, then likely most yen pairs would be on sale soon, starting with USDJPY, moving towards 110. Would this follow suit ? Let's see

dchua1969 Updated 

Again, this is one of the tool that I used from time to time. You can see the price went below the 100EMA and rebound nicely. Now it sits above the 10, 21 and 100 EMA, a bullish sign to buy. We target 1.95. Best of luck

dchua1969 Updated 

Option 1 :50% FIB level Option 2 : 618 FIB level Option 3 : Pull back from here or in-between Option 4 : Sideway Which would you like ?

dchua1969 Updated 

A simple strategy. This a rising channel pattern. You can see the price action close above 21 EMA and possibly moving to hit the peak of the previous high, a low risk opportunity, in my opinion.

dchua1969 Updated 

Before Bitcoin gets its millions of fans worldwide, it was the shiny, glittering gold that everyone wants to have a piece when the market is uncertain. In some countries like India, gold is used as a form of dowery. The more gold you put on the bride, the better and more prosperous you are. In China, people are hoarding up gold to prevent their own currency,...

dchua1969 Updated 

The chart shows a descending channel pattern. Twice, the price hit 10,000 price mark (one at 9946) and rebounded strongly. This is a strong support level so sellers beware. It is now at this symmetrical triangle pattern where it can move either way. Wait for breakout and determine the next direction, if unsure, stay and watch price action. Could the South...

dchua1969 Updated 

OMG!! A 5% huge drop by Facebook, who can forsee that ? www.cnbc.com I think this is a great opportunity for those who wish to scoop some FB shares but didn't get a chance in the past. Thank you , Mark !

dchua1969 Updated 

More likely to go down first then a possible rebound.

dchua1969 Updated 

Since the price action cannot insist after so many rounds of resistance, then it is likely to break down.

dchua1969 Updated 

At 2nd support line, one can see after it broke slightly, the price is pulling back. All late buyers (bought at 15,000 & above) are suffering, with some relinquish their position for fear of bigger losses. (Rule 1 : stick to your Stop Loss strategy) Early sellers beware of short squeeze, take partial profits, reduce positions and adjust your trailing stops (Rule...

dchua1969 Updated 

Either you choose one or you choose to sit at the fence and watch. What I have learnt over the years is the chart is nothing but a mirror effect of our beliefs, attitudes and values towards risk, money, perception about information, psychology, emotions, etc. To me, it is a good way to know myself better. Change your mindset towards the chart. The first thing...

dchua1969 Updated 

One thing I am pretty certain about the charts. Each time, there is a big swing, be it up or down, there would be a pull back. Duh? Sorry, but that took me a while to realise it. What I am unsure is how soon will it happen and how long will it last ? As you can see from the chart, if you buy on the first bullish sign , you would make some good profits at the top...

dchua1969 Updated 

Lovely chart