dchua1969

dchua1969 Updated 

By Confucius Complexity bias is our tendency to look at something that is easy to understand, or look at it when we are in a state of confusion, and view it as having many parts that are difficult to understand. Let's take a real life example. In this unprecedented time, if you are hard pressed for income (since many are now retrenched, suffering from wages cut,...

dchua1969 Updated 

The words, bullish and bearish are so commonly used that we as traders can get suck in to what the media want us to believe. Technically speaking, a bear market requires a minimum 20% fall from its peak. Thus, the recent plunge on 9 Jun 20 (Thursday) was only about half of the 20% (9% to be precise). This is not a bear market , yet! If you know the power of...

dchua1969

Here, I want to show traders the power of this pattern ; the descending wedge pattern. Now, please note that this is a pattern , just a pattern and barring any unforseen circumstances, it is likely to break out of the bearish wedge and goes higher (a bullish move). Now, you witness a 15 min IPO shares -Netease newly listed in HK. Here's a few more examples...

dchua1969 Updated 

so, naturally we add more. The support at round number 3000 is quite crucial.

dchua1969

I believe the selling in USDCAD is not completely over yet. While 11 June , it has registered a bullish candle move, it is nevertheless still bearish on the day chart. Comparing that with the Oil chart, we can see that it is very close to filling up the gap. I think Oil is taking a pit stop before it continue to charge higher ,minimally filled up the gap then...

dchua1969 Updated 

I have from time to time see some traders sent me very complicated charts that I feel uninspired to understand more. Please visit my following charts where you can see we have made more than 400-500 pips profits (each pair) using just trend lines, price action , support and resistance. No indicators, volume, social economic reasons, politics, etc. Just a couple...

dchua1969 Updated 

Morgan Stanley said this Bond King said this What do you say ? You see, they both could be right. It is the timing that they cannot foretell. Nobody but the Market knows where the direction is going to be. At best, their views are a guide, reference point , something extra for you to consider in your own research. When I look at the DJIA chart, this is...

dchua1969 Updated 

Read the bible verse here : John 11.1-45 about the resurrection of Lazarus. The year 2020 36% plunge from the peak and the V-shape recovery which resembles the resurrection of Lazarus, a story that the mortal world finds it impossible to believe in. Read what analysts and fund managers said here , here and here . Don't ask me why they were wrong in...

dchua1969 Updated 

It is normal that we tend to look at our neighbours garden and think how pretty the lawn is and the neat rows of flowers they have. Sometimes, we over focus on outside of our own markets and neglect what's nearer to us. In this case, we made the assumption that just because US is a big market, we should give it more attention and in doing so, we blind ourselves...

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See this link here Using VIX, the fear index to guide us, we can roughly estimate how close we are coming to the edge of the upcoming waterfall. We know it is there and will come but when is the million dollar question on everyone's mind. You get your usual market economists who had been proclaiming the crash of the market for the last decade (Noriel Roubini,...

dchua1969 Updated 

Read this article on comparing Wechat (owned by Tencent) and Whatsapp (owned by FB) First, we read about FB recent foray into India . Read here and now this move into Indonesia . Luckily for Wechat which has a huge market share in China and unlucky for FB which was blocked there, we can see FB moving fast these days to play catch up with its Whatsapp...

dchua1969 Updated 

Ready to load up on the precious metals ? With the protests and riots ongoing now in US over the case of George Floyd, the stock market might take a breather possibly , see post here . I have indicated 3 possible commodities to long; namely : Gold, Silver and Gold miners ETF. You can see the charts are quite similar, so wait for price retracement to support...

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...