dchua1969

dchua1969

I use the US Dollar chart to show some of the more commonly used indicators like Cup & Handle pattern, Head & Shoulder pattern, Support & Resistance, etc. The more you practice, the better you become.

dchua1969 Updated 

Upon closer examination, all the euphoria and excitement chasing the price makes one lose their focus and get confused. Day chart is down, bearish. 1H chart shows a false breakout to attract the late buyers only to return them the favour of a lower price point from their entry. Result = Loss. Now is hovering at the support level of the 50% FIB level, if it...

dchua1969

I see bullish signals in this counter. Please go to smaller time frame to enter your own position. All the best.

dchua1969 Updated 

So what if you had not yet heard about Bitcoin and all these craze about cryptocurrencies? Are you late to the party? Not really, imo. The market will always give you another opportunity but you have to seize it when it presents itself, like now. I am geared towards selling for now than buy due to the bearish signals on the chart. For those who have not tried...

dchua1969

Gap up and sell, fill the gap

dchua1969

I don't know about you, but this has happened to me one time or another before I learnt a few things about trading. 1. This is a probability and NOT a certainty game. Whatever indicators used, are at best a guide and cannot be the holy grail (else wouldn't the creator be multi-millionaires by now?) 2. Patterns - While some said there is a preceding patterns to...

dchua1969 Updated 

I see two camps emerging from the chart patterns. 1. The late buyers who were chasing it at 15,000 to 18,000 price zone and suffered losses when it collapsed to 10,000 level. Now that price is coming back to 12,000 - 13,000, some might be eagerly awaiting to unload some. 2. The spate of negative news circling round the media about how each country's central...

dchua1969 Updated 

It is approaching the first resistance level at 50% FIB level, it may or may not retrace. If it does not, it would continue to go upward to 618 FIB level and retrace before moving higher up.

dchua1969 Updated 

Price action rejected by the 618 FIB level, expect a pullback . Day chart is bullish, with price closing above 21 EMA, once this pull back is completed, we will review again.

dchua1969 Updated 

A Cup and handle pattern is identified on the Day chart with the right handle forming in process (see double yellow line) Short term selling opportunities, go to lower time frame to see better price entry

dchua1969 Updated 

Read Jeffrey's interview here

dchua1969 Updated 

www.marketwatch.com

dchua1969 Updated 

When the world goes on a frenzy with Cryptocurrencies and you read or know of someone mortaging their homes or swiping their credit cards to buy bitcoins, it is in some way a warning signs for us. Yet a member asked me but each time they say it is going to fall, the price miraculously goes up higher. I don't want to miss the action. This is a lifetime opportunity...

dchua1969 Updated 

Awaiting for the last bit of selling to complete before the rebound begins. Trade safely

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

Coming down to 618 FIB level, see chart for explanation

dchua1969 Updated 

When faced with crossroads like this, what do you do? It can be a 50/50 chance that it goes either way, up or down. Sounds like a no-brainer, huh? Trying to pre-empt the move and getting it right may be ego-satisfying but in the game of trading, I have learnt to put ego at home and not mess with Mr Market. Let him decide and follow his direction. That means,...

dchua1969 Updated 

www.zerohedge.com I sometimes wonder the countries that ban cryptocurrencies. Don't they hire scholars from all those famous Universities that only the commoners can admire to go to? Policies, plans and what have you are carefully designed, discussed till the face turns blue and endorsed by the higher authorities. How can they possibly not see where the future of...