dchua1969

dchua1969 Updated 

Always buy low sell high. This principle is easier said than practised. Lured by profits and easy money, many retail investors got sucked in to chase the price, hoping to ride the next train to their instant wealth. After hearing who and who became millionaires or multi-millionaires, they can't let this dream ride to go without their participation. Little do...

dchua1969 Updated 

Short term ,I think Gold is heading south. Look at the blue dotted line, that is where I expect it to fall to before any decent rebound may happen. Good luck, everyone !

dchua1969

www.zerohedge.com

dchua1969 Updated 

1. Look at the MACD, each time it cross over, it is a signal to sell Now it has breach the black ascending channel, we shall wait for it to fall back. BE PATIENT 2. 618 FIB level - Falling to this level seems scary from its current price but it is not impossible. I think likely it would fall to 7000+ price range , the 38.2 FIB level first 3. IF YOU DO NOT HAVE...

dchua1969 Updated 

Since I started investing in forex, it has not occurred to me that property investment has a lot to do with forex. Look at this beautiful and timely chart. We know that in many countries like Canada, Australia and even China that the government is indeed clamping down on the properties market. It used to be C$1= S$1.70 in 2007. Fast forward 10 years later, 2017,...

dchua1969 Updated 

Now USDHKD is reaching the 3rd attempt to breakout from the .0236 FIB level. Would it breakout or break in and collapse? We think it is likely to take a breather, allow traders to take some profits , i.e. temporary sell down before coming up again. Let's see

dchua1969 Updated 

Look at the 7 dwarfs that is highlighted in aqua bubble. Price went below the 21EMA but touches the black ascending trend line and rebounded, not once but 7 times. It is at its peak once more, will it retrace and rebound OR is it time to head south ? A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance,...

dchua1969

Could this be the plan?

dchua1969 Updated 

Thai baht has been very strong against the USD. It has appreciated more than 11% to its current price. Now it sits at the 50% FIB level and possibly there might be a retracement or it could heads further south to 61.8 FIB level before rebound. Watch the wedge pattern breakout and be careful of false breakout. Take a small position and accumulate slowly if unsure,...

dchua1969 Updated 

Check this out

dchua1969 Updated 

Nice breakout from the descending channel, awaiting for slight pullback before taking buy entry. See arrow for profits target

dchua1969 Updated 

Monthly chart shows us a triple bottom and the day chart shows it is nearly done with the selling as well. Now it is likely to breakout of the white line from the inverse Cup and Handle pattern. From the candles, it shows weaken selling and buyers are getting stronger as well. We are taking a small position to test our hypothesis. Trade safely.

dchua1969

Time to sell this pair again........ see chart for explanation

dchua1969 Updated 

It has hit the 50% FIB level and is now retracing. We are shorting this pair and a few other cross pairs as well. Trade safely, always use SL.

dchua1969 Updated 

Now this pair is at its cross roads. It can either break below the support line (red dotted line) and heads towards 3.338 then rebound or from current price , it heads for a pull back and goes up to 3.698. Notice that twice the price action hits 3.528 and rebound? See, it is between 50% and 61.8% FIB zone so it need not be precisely touching this two points before...

dchua1969 Updated 

Look at the 3 triangles highlighted, the first two touches the 61.8 FIB level and rebounded. We are watching closely the candles for signs before buying AUDSGD. What this means is that the A$ and S$ pair is reaching parity. A$1 = S$1. Parents who are sending their children to Australia to study may be happy as the exchange rate is in their favour. The lower it...

dchua1969 Updated 

After breaking out 3 times, first in March this year from the 61.8 FIB level, the SGDCNH pair seems to be suffering from the winter chill of China. It is resisted once again at the 61.8 FIB level. Not once, but again 3 times. This is good for me as I return to China each year in June. The higher it goes, the more yuan I get and that increases my purchasing power...

dchua1969 Updated 

Again, 4 attempts to breakout from the 61.8 FIB level but each time, it failed and retraced. We think this time, it should break out and have a slight retrace (maybe not ) and shoot straight up to the red dotted line where it would meet some resistance. That is our profit target. Please feel free to comment, thanks