dchua1969

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

It is almost impossible to turn on the news or read the papers without seeing positive news on the political scene in Hong Kong. Videos, articles, analysts views, etc are filled with negativity. One sector that got hit badly is the property market. New world development has declined more than 35% from its peak of 13.88 in April this year to current price of 10.34...

dchua1969 Updated 

see weekly chart

dchua1969

This weekly chart provides a good understanding of 1. Gaps - price peak in May 2011 and has plunged more than 70% ! 8 years later, we are still in the dark tunnel 2. How resistance turns to support and vice versa 3. Price action - 2011 to 2012 - that was the waterfall plunge in the 1st short where it lost more than 70%. That means, for a shortist to miss...

dchua1969 Updated 

As the price action moves further away from the trend line (green), it will over time either moves sideway before touching the trend line and goes up again. Or, if it moves too high up , it can also moves down (correction) , touching near or at the trend line and moves up again. Lesson learnt - if you want to buy, buy it near the trend line. The challenge most...

dchua1969 Updated 

The 4H chart shows the possibility of it breaking out from the bearish trend line and present a great buying opportunity. That is Option 1. If not, the price action could disappoint and heads further south towards the support (pink line) before we see a retracement. If that is the case, it is a better entry price for the buyers. As it is too close to the support...

dchua1969 Updated 

Unless there are nothing exciting to buy in the market , which is not the case with proliferation of products in the market and lower commission offered by brokers. Therefore, once bitten , twice shy, most traders would give it at best, 1-2 tries buying/selling this pair and if their SL is hit, they are likely to move on to others. Again and again, I have seen...

dchua1969 Updated 

If VIX chart is right and it is expected to turn around soon, then DJI probably have not much room to move up next week. Corresponding to VIX, DJI chart should show a correction , likely as shown on chart. NOTE - the green bullish trend line is still intact and so long price action sticks close to it and move along (even crawling at snail pace), then we can...

dchua1969

See chart

dchua1969

5 times, it tried so hard to breakout but failed 4 out of 5 times. OMG, how frustrating that must be! For those who had bought DJI way earlier, congrats to a much higher profits. Latecomers, don't despair, there is still opportunity though the air on top is thin and may require oxygen tank to breathe easier, i.e.. the margin may not be so high and the risks also...

dchua1969 Updated 

See the chart

dchua1969 Updated 

It is a matter of when it breaks out, watch it closely....

dchua1969 Updated 

From the chart, you can see that the current price action has exceeded the peak of year 2000 and 2007 (condense the chart to see). At its current price, can it go higher? Possible. Will it pullback first? Also possible. The diagonal trend line is crucial as you can see the touch point is only 2 thus far. This 3rd attempt that it touches - will there be a hat...

dchua1969 Updated 

Notice that each time before the price action goes down, there is a upsurge in price, as if the prisoner is struggling for a last breadth before the execution. Could this be the last one? RIP

dchua1969 Updated 

Could this 2 inverted Cup & Handle Patterns be forming in process? The first one looks 80% complete with the 2nd one about 40%. What do you think?

dchua1969 Updated 

They say selling is a number game. Do you agree? Some may not, I know. They said she gets to where she is because of her looks, family background, etc. Maybe, there is some element of truth. But the true blue salesman know for every rejection he gets, he is closer to the sale. Similarly, in trading, it is your participation in the trade (think of each trade as an...

dchua1969 Updated 

Shortists are pulling their heads now , stay calm. I could be wrong as the price can break the support and continue higher. Trade safely

dchua1969 Updated 

One thing I notice is the right handle in a Cup and Handle pattern is pretty powerful. Some charts show me an inverted C&H pattern formed followed by a smaller one before it break down further to form a 3rd one (like this chart here). Other times, the right handle will shoot up sky high and distort the whole chart pattern. I still think a 3rd cup is necessary...