dchua1969

dchua1969

2002 to 2007 - approx 124% returns 2008 to Feb 2020 - approx 437% returns Mar 2020 to current - approx 36% returns and counting.... Whenever such data are provided, there will always be a group of traders who come out and argue that they can make much more profits than that. But when pressed to show results, they start to give excuses. Yes, making incredible...

dchua1969 Updated 

You say you wanted to change at the beginning of the year ! That was your new year resolutions for 2020. It is May 2020 now , almost half time. How's your results thus far ? If you are ahead of your goals, congratulations and keep on moving to the next one. But if you are a little behind, you have to take a step back and identify what are the challenges you...

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

A follower asked if he can buy this company,KRM. Here's the chart analysis.

dchua1969 Updated 

It is hard to argue that this could be a V-shape recovery ! After all, it has been up from the bottom , almost 35% now. Thus far, all bad news seems to be well received by the Market as if he is invincible like the Superheroes. Tonight, we have the NFP data coming up in another 3 hours or so. Would this be the catalyst for the market to swing higher or lower...

dchua1969 Updated 

VIX on the 4H chart is registering a descending wedge pattern and in due time, it will reverse and goes up in a ballistic manner. Likewise, the SPX500 is in an ascending wedge pattern, which is bearish. The challenge about these wedges pattern is it is hard to tell when will the price action begins to reverse. Sometimes, it reach to the end of the wedge before...

dchua1969 Updated 

Read article here As soon as the operation is back to its pre-Covid 19 days, we can predict the air conditioners demand will increase due to the summer days. The shares buyback program is also a good sign that management is bullish on the company's future. Let's wait for the price to fall a bit more before considering to buy

dchua1969 Updated 

I agree with this quote 1000%. If you examine your own life, you would know that this is true. Habits is so ingrained in all of us, regardless of race, religion, nationality, age, gender, etc. We simply have to do what we repeatedly do. For example, my usual wake up time is between 7 to 730am without the alarm clock. Yes, even on weekends. If I do wake up...

dchua1969 Updated 

On a typical weekend, many would flock to the shopping malls after working hard for the last 5 days. They will have meals at restaurants , check out the latest movies, go shopping, relax and catch up with friends at Starbucks, etc. Of course, all these activities were what many did pre Covid 19 days. But, with China now recovering and the city reopening, are we...

dchua1969 Updated 

Read this article here Just because we have to stay at home due to the lockdown, it does not mean we do not need to take care of our body and mind. In fact, as a trader (be it part time or full time), we spend a lot of time on the computer (sitting down mostly). Emotions are high as you toggle between different news, charts, forum, etc. Your heart is beating...

dchua1969 Updated 

Read latest news here May 11 2020 - the day when Disney Shanghai will reopen. This will drive the pent up demand that the chinese people have been cooped up at home for months in China. I believe many will come to Disney Shanghai and give it a good boost to its revenue. On the chart, we can see there are 2 support level. One at 98.73 and the other at 92.31....

dchua1969 Updated 

The higher you shorted this pair, the less you are worried for the retracement. And that explains the importance of follow through, where to put your SL, profit target , etc. The smaller your position size (or minimal) and if the trend works to your favour, at some point, you gotta decide to take profits or risk evaporating it. And it is after you had taken...

dchua1969 Updated 

The box or rectangle pattern can be a powerful price action strategy if you used it correctly. You can see clearly the volatility within the box is high, reflecting the anxiety, excitement, fear and greed of traders globally. Of course, money can still be made inside the box if you know how and have a clear strategy. I rather wait patiently outside the box...

dchua1969 Updated 

Don't despair if you did not get into this company at the IPO price. It might come down a little more for you to buy though not at the IPO price. Put this in your watch list.

dchua1969 Updated 

I know title like this may irritate some traders coz they were busy on the other side of the planet and upon seeing this, will probably curse themselves for missing this deal. My friends, all these are hindsights and anyone can pull a chart and tell you that. That is why you see so few coming out to the market and make bold claims about the director of the market...

dchua1969 Updated 

Read these articles here and here Hong Kong has not get out of its messy state since the street protests months ago. Like other countries that are grappling with how best to handle Covid-19, it is facing immense pressure from business sectors and the people staying in HK. I guess, this is the worst time to be the leader of any country, juggling both ends of...

dchua1969 Updated 

Read latest news here From multiple time frames, the chart is still charting nicely on a bullish trend. It has met its triple top formation pattern, creating a nice gap to be filled up. The challenge is there are no preceding patterns that we can fall back on to know if Amazon has indeed reach the peak or is this triple top just a resting point. From...

dchua1969 Updated 

Trend line trading appears simple with just lines drawing to touch various price points. One can easily fall for the trap of making the assumption that once the price breaks down from the bullish trend line, they are going to sell down hard. Remember to separate the forest from the trees. The trees are the 1H and 4H charts while the days and weekly charts are...