dchua1969

dchua1969 Updated 

Bearish trend line intact. Very good risk reward ratio of 1 :2.48 Please DYODD

dchua1969

Read these few articles here , here and here If you buy into any of the above articles as the gospel truth, you may freak out and starts to sell your holdings in US as some gurus advised you to do so. Take a step back and asked - WHY ? Is the content creator saying this out of your interests or his ? Remember, positive news seldom receive likes and...

dchua1969

Quality trade that is what you want! It is better to have a near 100% small profits in your pocket than to RISK a bigger profit that you are not quite sure of. In this case, I would not meddle with this pair. Is Trump going to continue devalue the US dollar? We have seen how badly it has been beaten down over the last few weeks. Even so, there will be a pull...

dchua1969

Again, I got two setups done here. One may argue that why take only 1:2 profit target when you could have more. Of course, that is on hindsight. Plus, to do that you need to glue to the computer to close your position and while some like the thrill, I am OK with this strategy. I won't advocate increasing your position size unless you are very confident but still,...

dchua1969 Updated 

Weekly chart , price action breaks above 1.121, 4th attempt since the inception at 28 Feb 2022. Day chart tells us profit taking/shortists are in town from the two red candles on 22 and 23 April. It has since gone south , forming lower high. Zooming into the 4H chart, we see a nice bearish candle forming and if it breaks the yellow dotted line, it is likely to...

dchua1969

I have not backtested this strategy and to use the "REPLAY" button would costs me some money so you can say, it is biased since the candles were already formed ahead. Strategy - Time frame - 1H Risk/Reward - Keep to 1:2 strictly Example : Trade Setup 1 11 Apr 25 candles closed above 10 Apr 25 - LONG SL at closing of 10 Apr Profit target - 1 : 2 You can see...

dchua1969 Updated 

Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future. Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it...

dchua1969

Market is always full of surprises, just when you think it will nicely falls to the support level, the price action decides to take a different path. From the weekly chart, we can see it has move higher (18 Sep 24) and (17 Feb 25). Now, we are coming to the end of the wedge pattern. Well, it could breaks out nicely and continue to rally as I wished , haha OR it...

dchua1969

9th April is a crucial day , imo of viewing this chart. He was not bluffing the people as it turns out. However, after a week, the market got terrified and heads south but noticed it did not formed a lower low from 9th April candle. 25th April candle tells us it has breaks out from the resistance level and the last two days have been pretty bullish as well. I...

dchua1969

From the day chart, it is 50/50 chance as we are in a crucial position. While we are officially no longer in a bear market, the price action are still weak and has yet to break above the resistance of 19,213 on 9th April which was the day Trump announced a 90 days cooling period. If the price action over the next week/month continues nicely in the upward...

dchua1969

If you are invested in Chinese equities , then you would be happy to know that the foreign exchange gain is in your favour over the last few years. From 2022 to current period, SGD has appreciated against the RMB by more than 20%. Compared to the US equities, it has only gone up by half, ie. 10+%. Of course, foreign exchange is only one factor in your...

dchua1969

www.cnbc.com We have witnessed the sharp fall of both China and US market due to the recent tariffs war by President Trump. While Trump said that many countries have come forward with plans to negotiate with US, thus far, he has not released any positive results. I hope the Chinese government will continue to unleash stimulus of a bigger magnitude to help the...

dchua1969 Updated 

Wow, this is going to be making history! Since the late 90s to now, we have finally break the 4000 price point. Question is will it continue to rally higher and break out of the channel? With the 3 local banks taking a lion share of the index and they have been enjoying a superb rally more than 12-14 months , a pull back will be expected. The SG government is...

dchua1969

So, we are at the death cross again? Should we panic? Should we sell ? What if recession is coming? Ohhhhh noo!!!!! Stop worrying so much and most importantly, stop reading the damn news , especially the headlines that are meant to create more fear than anything! Of course, they want you to sell, how else can the algo traders, big boys scoop up the prices cheap....

dchua1969

Strictly, avoid using money that you cannot afford to lose. Common sense may not be commonly practised in today's topsy turvy world where even the President can say one thing and flip flop another the next day. No matter how convincing you are to LONG or SHORT the market, always have a back up plan what if you are wrong ? If you take care of the downside and if...

dchua1969

Unless you have been hiding in the rocks, most people would know what President Trump has done to the world at large. The social media is full of half truth, fake news and sensational news, to the advantage/motives of certain groups of people. That is why you always read it with a large dosage of salt, laugh it off and do your own critical thinking. I know is...

dchua1969

The price action has proven that the rally is here to stay......having broke up the resistance line yesterday ! Wait for a pullback and I believe the rally will continue........ Please DYODD

dchua1969

The bullish trend line has been broken in the daily chart as seen. This is a good risk reward ratio. Please DYODD