dchua1969

dchua1969 Updated 

Come on baby, light my fire !

dchua1969 Updated 

I believe that the era for China as the next global power is here. They are shedding the image of a "world largest factory" where they still manufacture plenty products for many countries. Their wages have increased and many brand owners are now shifting their production base to Vietnam, Indonesia, etc to lower their costs. It is now recognised for its electric...

dchua1969 Updated 

Looking at XLF as a strong indicator for banking stocks, I think BCA would pullback to the black channel line and continue its march northwards. Buy on dip.

dchua1969 Updated 

I like what I see on this chart

dchua1969 Updated 

See chart

dchua1969 Updated 

WON has appreciated against USD for 2017. The psychological support is 1000 in the year 2008, a critical support zone and one that I think the Korean Government would not let it falls through. I am taking a small position and would add more along the way.

dchua1969 Updated 

See the chart for explanation

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

One thing I noticed about this CAD pair is the pullback is very strong, many a times more than 50% to where it falls or rise. That means if you do not take your profits quickly, it evaporates by the time you revisit the chart. Of course, if you hold a long term view, then that is fine. Good luck to all

dchua1969 Updated 

From its peak, it has fallen gracefully to the current price and I think it might fall a little more before seeing a rebound. If that happens, that would be a 50% discount to those who are keen to buy from generous Mr Market. Good luck to all

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

As I am more bullish on Gold than USDJPY, I think this is how it would play out in the near future. Let's see. USDJPY has to break out of the flag pattern, hit above the important resistance else it would continue its downward spiral move. Gold has been surging for almost non-stop over the last 10 days or so. It is time to take a breather and likely to continue...

dchua1969 Updated 

There are 2 scenarios. If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound. If not, it may rebound from the lower channel and heads up. Notice it is still in a bullish trend in the 4H chart. Do not short unless you are clear what you are doing and have a strategy for it. Best of luck to all

dchua1969 Updated 

www.cnbc.com www.cnbc.com

dchua1969 Updated 

Did you see what I see on this chart ?

dchua1969 Updated 

See chart

dchua1969 Updated 

It took me quite a while to learn how to sell. Seriously. Even saying , to sell high buy low sounds weird to me. In most instances, selling means 1) cutting loss 2) taking profits - partial or full Now, selling means an entry position, hoping to buy back later at lower price. That takes practice , at least for me. Honestly, many many practices as it is a...