dchua1969

dchua1969 Updated 

When there is no trade setup, what do you do? Study the charts, examine the details within and understand the patterns it is telling you. Because the selling has yet to start, you have plenty of time to study it, break it down into smaller time frame like 4H , 1H, 15 mins. Or goes to a bigger picture with the weekly or monthly to see the overall trend. Follow a...

dchua1969 Updated 

If the candles pattern play out as it should, then the next candle in DXY should be a nice green candle and XAUUSD would be a red bearish candle. Cross reference that with EURUSD and see if it falls nicely as USDCHF pair begins to climb up. This may take a week or so. Get ready for the greenback's roar!

dchua1969 Updated 

To short against the trend requires skills, lots of it and I am not good nor advocate it. I had tried in the past and had some beginner's luck but to trade based on luck is a lose-lose situation. You never know how soon it will runs out and the risk stacks higher each time you win out of luck. If you look at the chart of AUDUSD, you would notice that it has been...

dchua1969 Updated 

I am not saying changing the colour of the candles will definitely make you a better trader. Look, if the time we spent on the chart is x hours per day , multiply by weeks , months and years, that is a lot of X hours combined. Red to some people has a strong, stimulating effect as if it lures you to do something. Think of most fast food restaurants - what colors...

dchua1969 Updated 

See the 1.4% spike up? So, if you have missed it, it is OK. No need to kick yourself, swear and blame the whole world or the market for not telling you. Accept it with grace. There would always be some that you would missed in the market unless you are a big timer and can participate in all asset classes. And if this is in your radar and you missed it, stay cool...

dchua1969

If you like analysing company financial, read this fissionuranium.com Chart wise, this is what I see now. I am putting it in my watch list and monitor the price action later this week. Have a good trading day.

dchua1969

I picked this up while reading an article recently about commodities cycle turning bullish again. Please do not ask me about the FA of this company as I do not dwell in it. From a chart perspective, this is what I see. The downside from the current price is it may falls to 1.50, all time low. It can also stay there for a long long time and never recover. That is...

dchua1969 Updated 

Sorry Papa Bulls, step aside. It's our party time, we are taking over. You guys been receiving way too much media than us.

dchua1969 Updated 

Monthly chart shows it is on a nice uptrend. Notice also on the 4th attempt, it breaks out of the 50% FIB level , retrace and is now going upwards. www.insurancejournal.com With the rising income, many foreign insurers are eager for a piece of the insurance market in China,e.g. AIA and AXA. Bullish on mid to long term. See Daily chart

dchua1969 Updated 

The monthly chart of Shanghai index is showing that bulls are a little tired after going up for nearly 30% since March 2016. Look closely at the last closing candle, it is a doji pattern, a signal of indecision between bulls and bears. It can come down a little before going higher or push up a little more towards the 50% FIB level, perhaps matching the opening...

dchua1969 Updated 

Let's do it

dchua1969 Updated 

www.bloomberg.com

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