dchua1969

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dchua1969 Updated 

Buy low Sell High - If you follow this golden rule each and every time, then your risk reward ratio will be excellent and you need only a few trades to make the returns you desired. BTCUSD has now presented such an opportunity to sell High. It has already broken down from the bullish trend line. We can see multiple attempts to break out higher around the 10000...

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From trend analysis, it is still riding strongly on the bull trend. However, there are some factors that I take into consideration to either exit , take more or all profits and adjust stop loss. From the March low , NASDAQ is the best US index , out beating SPX500 and DJIA with 54% profits. Here are some reasons that I am getting a little cautious about this...

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It is now forming a U shape bottom and if it breaks up the resistance level at 1.6248, I am going long

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A follower asked me my opinion of how to buy gold last week. That is a good question as the array of products available in the market can be quite daunting. First thing first, we have the XAUUSD which is the gold forex currency , just like any other pairs (EURUSD, GBPUSD, AUDUSD, etc) that you trade on forex. This is one of the most popular instruments...

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This is what I see in the Chinese index, SHCOMP. It could either go higher from here to reach 3600 level or makes a correction to fill the gap (pink circle) or to the resistance turned support at 3093. If it comes down to this level, do remember to add on your long positions. Trade cautiously.......

dchua1969

When we see the VIX 1H chart, it has clearly broke out of the bearish trend line. And if it continues to charge higher, then we can assume that SPX500 is likely to break down from the neckline (either rebound here) or continues to head south towards 2768 level. This could be a good short term sell opportunity but do wait for the breakdown first, any premature...

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It is hard to look the other way when most people are looking to buy , buy more and keep on buying. This is the time when you seriously want to look the other way. If you study the different types of stocks, you would know that it is the Technology stocks that are driving the stock market. In this chart, I want to illustrate two points : 1. The price action...

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Do you love money ? I think you and I do but the Chinese really loves money. Two things that really make them rich, I mean filthy rich in China. One is property and the other is the stock market. And they are risk takers though not necessarily prudent in managing risks. They do not hold back when they think or feel this is the time to go all in. Read article ...

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Looking at the day chart, we can see the bullish trend is still very strong. We are only about 5% away from the peak at 3356.90. SPX500 has recovered about 47% from the March bottom, having too many analysts guessing if it is a V , U or L shape recovery. It does not matter so long as the trend continues going up and if it does, we continue buying. Avoid...

dchua1969

AUDUSD and NZDUSD are both commodities currencies and they tend to move in tandem. That means, when AUDUSD is up, so is NZDUSD. With China's economy recovering now, the commodities currencies that are dependent on it will also benefit. Therefore, we can easily conclude traders will long AUD and sell JPY thus we long AUDJPY.

dchua1969

With DXY still lingering on the low side and seeing little chance of recovery, the EURUSD continues to charge higher. On the 1H chart, it shows a false breakdown and very quickly, the candles resume back into the bullish trend.

dchua1969 Updated 

That is my take on what President Trump says he will do. The costs is way too high as Wall Streets will literally bleed billions of dollars if these Chinese firms pull out. Last Thursday plunge is again, a good accumulation for good fundamental companies with strong cashflow and economic moat. One of which I like is Alibaba. P/s : Invest in the man with foresight

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Read latest article here

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I know GBPAUD has been the darling of many short sellers since 19 March 20, offering more than 3000 pips profits for those who shorted it. Congratulations. But as it is now coming to a halt (near), is it time to go reverse and long this pair ? Not yet, I say. Firstly, there are 2 near bottoms that we can see from the chart, 9 Oct 19 and 12 Aug 19. As the price...

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Ascending wedge patterns at the top, bearish

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Let's wait for the resistance level at 10.91 to be break up, retrace before initiating long. It has more than 10% jump yesterday.

dchua1969 Updated 

One of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here . The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here The last one is ZA Online stock which I recently...