dchua1969

dchua1969 Updated 

India , unlike its big brother, China does not receive as much international exposure and coverage as it should. But as traders, it is our job to sniff out the good opportunity. Tomorrow, it is almost certain that RBI would cut its 6th interest rate by 25bp. So, the stock market is pretty hard to collapse , at least not in the near future. Correction is...

dchua1969 Updated 

If you have not tried steamboat buffet , then check out this restaurant - Haidilao. It is so popular here in SG that each time you go, you have to wait for hours to get in. What really impressed me is their level of service.The Company has gone soft as in differentiating from just being a tangible product business to having a team of friendly, heart-warming...

dchua1969 Updated 

For those who followed and made the 3.77% profits with us , congratulations. We are thankful to God who made this possible. More importantly, I want to share a critical lesson here. Why did some make and others don't ? In the Bible, there is a nice story of the Messiah disciple named Thomas. While others were shouting for joy and in excitement telling him - we...

dchua1969 Updated 

Price is now kind of stuck in a symmetrical triangle pattern where it could hit either way, up or down. For it to go up higher, the price must close above 104.57 which I think it will. Another possibility is it could also hit lower first before trending higher. That would means it would hit 102.85 as the first support. If this support level holds, then we can...

dchua1969

It is sexy and attractive, I agree! I mean what kind of a trader are you , if you are not in the game of trading Bitcoin or any other cryptocurrency? After all ,there are stories of people making millions out of it and the news that splashed across the media about how it is going to take over hard currency and all, how can anyone ignore it ? Yeah, I know ,...

dchua1969 Updated 

It takes more than 2 years since the small gap of 1.077 to 1.08 to be closing..... I anticipate the USD will get stronger over the next few years so that EURUSD will drop further as indicated on the chart. See smaller time frame for entry.

dchua1969 Updated 

See weekly chart

dchua1969 Updated 

see chart

dchua1969 Updated 

One way to take continuous profits from your indices like SPX500, CN50, SHCOMP, HSI, etc is to buy or sell at different price level. In this case, a drop of 0.9% drop on the SPX500 last night is an year end SALE for me to grab. That way, you can average up or average down depending on whether you are buying or selling. Hope this is helpful.

dchua1969

You would see from the link we have a fantastic sell down for NGAS from 2.8 to a low of 2.275. By drawing the bearish trend line, you would see that the price has broken out of it at around 2.368 which present a great buying opportunity. Did you take it ? I hope you did. Price meets some resistance at 2.505 and is now faced with two options : 1.Break the...

dchua1969 Updated 

see chart

dchua1969 Updated 

It is premature to put a buy entry now as the price action has yet to break out from the bearish trend line. To anticipate a move to our liking is akin to asking the market to follow our direction, a grave mistake that I made and paid a price to learn this valuable lesson. WAIT, let the price action tells you what to do. Put this in your watch list and monitor....

dchua1969 Updated 

With less than a month to go before the end of 2019, I am of the opinion that US will continue to rally towards the Christmas and ends 2019 with good results! Look at S&P 500 , Dow, Nadsdaq , Japan and many equities market hitting all time high. US Dollar will continue to go high as per the green arrows and if it does towards 2020, then we can expect EURUSD to...

dchua1969 Updated 

Yen is considered as a safe haven and many a times , when there are uncertainty in the market, many will scramble to buy YEN, i.e. short USDJPY. Now, we are in a risk no environment thus benefitting the equities and bonds market. Thus, as seen on chart, USDJPY is more likely to proceed in an upward trajectory towards the gap at 110.9 to 111. Buy when price...

dchua1969 Updated 

It is getting scarier to long DJI as it continues to go higher and higher. That of course is the perils of buying high and hoping it gets higher. In contrast with the VIX, it could breaks out from the red diagonal bearish trend line and edge higher or continue to head south towards the support level of 10.72. That would correspond an opposite direction for the...

dchua1969 Updated 

If you had spent thousands on your Airpod, iPad, macbook, iPhone, etc , you have easily spent thousands of dollars on Apple products. Now till 2020, would you be excited if they are giving back what you had paid before back to you and much more ? All you have to do is to buy some shares of Apple. Don't expect to keep this a secret as the more people buy this...

dchua1969 Updated 

Let's see if the price would continue to charge up towards 1.33 price level before breaking down. Note that if you sell now before the breakdown, you need to prepare a much wider SL to cushion and be patient enough to hold out longer. Be patient and wait. There is again no guarantee that price action MUST retreat from 1.33 (we are merely basing on historical...

dchua1969

Chart is showing a nice pennant pattern formed. It is more likely to breakout and shoot higher ! However, there is also a possibility that it retraces slightly more before going higher. Some may argue about the co-relation between equity and gold , i.e.. if one moves up, the other must moves down. That is not true as there are instances where both are moving up...