dchua1969

dchua1969 Updated 

www.cnbc.com

dchua1969 Updated 

First, I look at the monthly chart, it shows me a bullish trend from day 1. Again, don't cry over spilt milk, why didn't I put $100 in it when it was $1.78 in 1969 , some 40 over years ago ( if you are in that era). Good if you are still holding, congrats! A multi-bagger. Next, I zoom into the weekly chart and I identify a nice ABC pattern with C partially...

dchua1969 Updated 

Like the NIFTY 50 index, we are bullish on this pair, USDINR. 1. LL, HH formation 2. price actions above 21EMA 3. breakout of channel line, allowing buyers to buy on dips, nice.

dchua1969 Updated 

I believe some profit taking is imminent in the coming weeks and a right handle is forming (ie. downwards) and then it would breakout of the cup base line (support) before breaking out to touch the 618 FIB level which is the 66.8 price zone. Please note that oil is a volatile stock so if strongly advise to have a bigger SL or reduce your position size if you are...

dchua1969 Updated 

2 Options as we come to the crossroads soon. Option 1 : Breakout and pullback and head northwards to 4000+ price level Option 2 : Breakdown as per previous 2 attempts Analysts are expecting a breakout of 3500 , read news here www.todayonline.com I do not trade this index but use it as a barometer for overall stock performance and dive down into individual...

dchua1969 Updated 

There were 3 nice support points at the 50% FIB Level. Wait for the breakout of this channel, retrace and buy. I expect it to take off soon

dchua1969 Updated 

www.zerohedge.com It is news like this that make it so sensational and highly appealing for people to stop what they are doing and pour endless energy into cryptocurrency. Now who doesn't want to earn the bragging rights to say you earn higher than Mark?

dchua1969 Updated 

STI has reached the critical price zone of 3465 , hitting the right shoulder pattern. With the crossover of MACD soon, I expect the market to turn soft a little next month with some pull back in price action before we see another surge later. Buy on weakness. www.businesstimes.com.sg

dchua1969

Thank you for motivating me ,Mr Ding

dchua1969 Updated 

EURAUD is displaying a nice , classic Cup and Handle pattern with the right handle forming in process, imo. That means it should heads down temporarily. If the sell down is heavy, it would take the white path. Otherwise, it would be a short pull back, then breakout of the support zone and heads further up.

dchua1969 Updated 

Wait for the breakdown of the channel, pull back then sell , goto lower time frame to monitor price action

dchua1969 Updated 

We missed the first time, would we be lucky now ?

dchua1969 Updated 

I posted this chart for a friend who is based in Indonesia sometime in July this year. His income was paid by the Employer partially in SGD and partially in IDR (indonesia rupiah). Thus, he is concerned about the forex movement. Out of interest, I did this for him. This monthly chart taught me a few important lessons - 1. By trading a longer time frame - using...

dchua1969

For ransomware attacks, monero is now “one of the favorites, if not the favorite,” Matt Suiche, founder of Dubai-based security firm Comae Technologies, said in a phone interview. Source : Bloomberg

dchua1969 Updated 

This is a request from a follower, wanting to know the benchmark performance of the top 5 cryptocurrencies. Using the 21EMA as a guide, one can see clearly that Bitcoin, Bitcoin cash and litecoin are currently below 21EMA, i.e.. bearish while Ripple and Ethereum are still above 21EMA, ie. bullish. If Bitcoin is indeed the market leader that influences the...

dchua1969

The pullback may not necessarily hit the channel line before it rebounds though that is a guide only. Go to smaller time frame, draw a diagonal channel line to see if price action breaks down. Sell only if you are going for counter-trend strategy, a risk move that requires experience. I had a few wins based on luck but would not encourage at all. Accumulate on dips

dchua1969 Updated 

Price action squeezing out of wedge pattern, eagerly awaiting to pierce out .......

dchua1969

I used a few indicators and it has served me well over the years. I prefer to keep to these few as it worked for me thus far and like to keep the charts as simple as possible. 1. Notice the twice bearish engulfing candles - a sign of bears taking over the bulls but wait......... 2. 21EMA - notice the price is still above 21EMA , so there is still a chance to...