dchua1969

dchua1969 Updated 

Can two person who both buy and sell at same time be right about the market ? The answer is a resounding yes ! Why, you may asked? That is because the one who sells is doing it for short term correction while the one who is buying is doing so for long term investing. Therefore, the 3-5% correction will not affect the buyers as his view is long term. In fact,...

dchua1969 Updated 

Unless the black bullish trend line is taken out, we should expect the price action to hit around the 1.12 area, plus minus. In the short term, we might see some volatility, so be prepared for the rough ride ahead.

dchua1969 Updated 

A great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.

dchua1969 Updated 

Last night was fantastic for the indices with SPX500 up 3.15%, slaughtering the bears without batting an eyelid once more. And now , here we are, retesting the 2nd resistance level at 2960. I am of the opinion this time, it will break out and continue to charge higher. Positive reasons for going long : 1. Vaccines development in progress 2. Feds - additional 3...

dchua1969 Updated 

Due to the strong firepower in the equities market last night, the safe haven, Gold came tumbled down, more than 2%. Now, we need to assess the price level at 1734. If it breaks out and sustained above it with bullish confirmation, then I will add more longs. Alternatively, it can retreat to the 1720 level.

dchua1969 Updated 

see chart

dchua1969 Updated 

Apparently , a lot , man ! Read this article here If you have bought say, 1 lot of Moderna Inc at its IPO price at $22, you would have made Cost - 1000 x 22 = 22,000 Profits - 1000 x 50 (current share price) = 50,000 less Cost ; i.e. 22,000 = 28,000 With a bigger war chest, say you bought 10 lots = 10 x 28,000 = 280,000 100 lots = 100 x 28,000 =...

dchua1969 Updated 

Read latest article here Amazon may be well known and widely used in many parts of the world but not in China. I believe Alibaba investment into Cloud is to push Amazon out of the cloud market in China and also gives its next closest competitor, Tencent a run of their money. There are still ample room upstairs for those who want to long this counter.

dchua1969

I like to imagine the charts are like a jungle trail sometimes. And the more people are trading on it, the more trails and footprints are left behind for those trekking behind to follow. On this 1H chart, it shows nicely how after the long slide down, the price rebounded strongly. However, one common mistakes that many traders made (including myself) is not...

dchua1969 Updated 

One of the things I like to do when seeking out trading opportunities is to review historical charts. Guess what I found? THE EURCHF pair has been on a downtrend since 1994 at the peak of 1.80 till current price of 1.05.Now, it appears to have found some support at 1.05 level as you can see the price been hoovering at this range for nearly a month or so. If it...

dchua1969 Updated 

See chart

dchua1969 Updated 

Guys, for those who had not bought BTCUSD, please do not attempt to go in now. You are chasing the high price and the risk is too high for the reward gained. There is no guarantee that it will break up of 10,000 price level and continue to charge higher, much to the pleasure of the bulls. The bulls are tired and need a rest, so let it have a good rest before it...

dchua1969 Updated 

It is facing some resistance now at 31.27 level. Notice it has rebounded quite strongly after it hit a double bottom support at 16. This level , I believe not many retail traders would dare to go in with the exceptionally negative news circling in the media. Next buying opportunity happens at 20 when it breaks out from the bullish trend line (dotted line). It...

dchua1969 Updated 

Remember, this chart is based on probability. The price action can always break down the support line and heads lower. Thus, if you long now, you are taking a risk now. So, wait for it to revisit the support line before initiating your long position. After all, buying or selling takes less than 10 seconds to execute. Thereafter, you have to wait again. So, wait...

dchua1969 Updated 

176 is the support level and 216 is now the resistance level. And now we are at 198, in between which suggest not a good idea to long or short. Wait for the price to break above 216 or let it break above the triangle pattern (orange) first before going long.

dchua1969 Updated 

For now, it looks more likely to fall than rise.

dchua1969 Updated 

Sell

dchua1969 Updated 

I use the 1H chart to illustrate the benefits and drawbacks of buy & hold strategy versus short term trading on Silver. For Buy & Hold, you basically buy at 14.27 (approx) and if hold till current price, you would make a profit of close to 10% (9.8% to be exact ) You ignore the volatility in between. For short term trading, you leverage on both long and...