dchua1969

dchua1969 Updated 

EURUSD is at an inflection point now. It display a descending wedge pattern which is a bullish signal. That means, if the price action breaks out from the wedge, it is a buy. However, it has also break down from the bullish trend line, which is bearish. Thus, it could heads south towards 1.123 level to form part of the retracement before we see a rebound. To...

dchua1969 Updated 

Like SIA in Singapore, the government of HK too has extended a helping hand to bail out its national carrier, Cathay Pacific. Read article here . For the speculative traders, they might want to take a short term buy trade tomorrow when the Cathay Pacific Airways shares resume trading.

dchua1969 Updated 

Sadly, Hang Seng Index remains in a range bound price action for nearly 3 months since it bottomed out on 19 March 2020. With the limelight shining at SPX500, DJIA, Nasdaq, etc making new record highs, HSI is still barely creating waves of optimism for its loyal investors/traders. However, last Friday, it has finally broken out of the resistance level at 24,772...

dchua1969

For years, many western countries had tried to push their own products , wine, cider, beer, whisky to China but they have not succeeded with much fanfare. Why ? They failed to understand the local culture of China, what is the food and beverage consumption behavioural patterns like in China ? As an enthic Chinese from Singapore, I cannot claim to know a lot as...

dchua1969

QE infinity is here If you put on your thinking cap for a moment and ponder what I said here, you would agree that it make logical sense. For you and I to make money, whether we are buying or selling, there must be enough demand on the same side as we are to profit from it. That means, if you are buying , say UK index, there must be collectively more people on...

dchua1969

Whether you are an institutional investor or retail investor, capital is always a constraint. Institutional investor has more capital to deploy naturally and thus they may not need that high a growth percentage to make the desired returns/profits for their customers. Plus they take a fee for that. On the other hand, retail investors like you and me would have...

dchua1969 Updated 

Sometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the...

dchua1969 Updated 

Read article here When compared to YINN , you may think that it does not move as high as CN50 from the look on the chart. Please note that this is leveraged ETF, which is a 3x multiplier on the bull side. YINN is suitable for those who can tolerate a higher amount of risks and this can be used sparingly for short term trades. Currently, the US-CHINA tension...

dchua1969 Updated 

Will this news be the straw that breaks the camel's back ? From chart, we can see the price has reached an inflection point, ie. 3119.60 where it fell on 26 Feb 2020, retraced twice , 3 Mar and 5 Mar but subsequently failed to break out and come tumbling down to a low of 2200 on 23 Mar. So, some sellers who bought late on 26 Feb and suffered almost 30% loss...

dchua1969

Have you played the musical chair game before ? A group of fun loving people will dance/walk around a row of chairs with the music playing behind. Once the music stops, you have to find an empty chair to sit. To make the game interesting, there is usually one less seat for say 10 pax. That means these 10 persons have to fight to sit on the remaining 9 chairs....

dchua1969

Wait for bullish signal, go to smaller time frame to find entry.

dchua1969

Step 1 : Identify the descending wedge pattern , a bullish sign Step 2 : If you are a high risk buyer, you can buy on the breakout Step 3 : This is where I buy after the pullback with 1.122 as support Step 4 : Now that price has moved 140+ pips, I would adjust my trailing SL to 1.12797 to lock in my profits. This way, I am free of monitoring the price action...

dchua1969 Updated 

A good hunter knows its prey well. What are its habits, the likely path it will travel and instead of chasing after it, the hunter will set booby traps to catch it. Trading , in a way shares the same analogy. If you want to make money out of GBPUSD in this case, you do not go after it now. Why? Because the price is reaching the resistance level at 1.26466. But,...

dchua1969 Updated 

This theory is based on the Law of Suggestions that you can find in many psychology books or self development on the human mind. Consider this article for a moment. If you have only 5 seconds to glance through, I bet the keywords that stays in your mind will be severe and self off And the Media are well aware of this and when they put up the article, they...

dchua1969 Updated 

Look at the orange line in this chart It is currently leading and outperform the US indices. With more middle income group in China earning a higher disposable income, Huazhu Group is well positioned to take advantage of this growing travel trend. Chart wise, it has a strong support at 25.48 and I expect the current price to head higher and breakout of the...

dchua1969 Updated 

Read article here We have heard of cases of kids and teenagers who died while spending hours at internet cafes and the Chinese government ban on online games to appease the public at large. Esports is now gaining recognition worldwide with more tournaments being held. In fact, it was to be a major Olympics Event in the upcoming Tokyo 2020 summer Olympics...

dchua1969 Updated 

We know what happened to the casino scene in Macau, where it's dominant business is for the country. With the travel restrictions and fear of getting infected, the rich and wealthy players are still not visiting in packs to the casino much to the disappointment of the operators. However, stock market is forward looking and traders are betting with the...

dchua1969 Updated 

It was in February 2016 when Japan adopts negative interest rate policy. For the next 6 months or so, the stock market barely moves, consolidating between 15000 to 17000 range. In Sept 2019, President Trump tweeted about his support for zero or negative interest rates policy and pressured FEDs to do it asap.In May 2020, he renewed his calls once more,claiming...