dchua1969

dchua1969 Updated 

As seen on the chart, if you first short is after the breakdown, then likely you are stopped out unless your SL is above 109.391. However, if you move on like many traders to other pairs, then you would have missed the 2nd shorting opportunity. In life, it is the same. It is how we take failure and learn from it and become better at it or we can give up and move...

dchua1969 Updated 

The Lord has forgiven you ;so you also must forgive - Colossians 3.13 As it is said beautifully in the Bible, that it is necessary for us to forgive not only towards men who had sin against us BUT more importantly, forgive ourselves. I know the resentment, anger, frustrations that many faced during this unprecedented time. Loss of job, income, freedom, feeling...

dchua1969

Now compare the first one with this. Jan 18 at the peak , you sell and hold till now, in between - do absolutely nothing ! And again see the volatility in between. Was it much smoother ? So the next time, any authors (including me) post a trade opportunity, do not rush in to trade. Ask yourself question like : - what's the volatility like ? - what's the...

dchua1969

Either you buy or you sell to make money from Mr Market. Conceptually, you are right ! But hey, look closely at this chart and if you had shorted from 0.98 to current price of 0.84, you have made a profit of near 15% over three long years. Fantastic ? Honestly, I doubt so any trader would pop champagne over such results.... Again, study the chart closely .....

dchua1969 Updated 

Think of the time when Apple launched its first iPod, iPad, etc . Were you one of the first to go queue for it ?Or you waited some time , letting the early adopters solve all the bugs problem before you jump onto the bandwagon ? In trading, I have discovered it is quite the same as well. Some buyers are more aggressive and they will buy at the support level (see...

dchua1969 Updated 

First thing first, let's find out when did he buy this DAL. It was bought on 15 Nov 2016 at approx 47.67. Today's share price is 22.48, a loss of 151 million (ballpark) based on 6 million shares (ballpark) Digest that for a minute ! Now, based on his value investing philosophy, he claims to buy and not sell forever and hold on to stocks for as long as...

dchua1969 Updated 

This is an important chart , especially for newbie traders ! Do you wake up each morning to check your email or subscription to see if your coach/authors that you follow have updated a new trade opportunity ? And if you saw in the afternoon and realised it was published in the morning, do you want to kick yourself for not being fast enough to earn the pips? Sure...

dchua1969

See chart

dchua1969 Updated 

Like a baby who learns to crawl. He crawls a little , sit up and rest and continue. As he struggles to move forward, maybe he fumbled a little, falls down , cries a little. The mother encouraged him to try again. A while later, he forgot about the fall and he crawls again. And again. And again. This repetitive action will continue to play in his mind...

dchua1969 Updated 

I use a graphical representation to illustrate the risk reward ratio if you wish to partake in this trade opportunity. Green line - entry price at 5582 Red line - stop loss at 5444 Blue line - profit at 5800 With technology these days, there are much faster ways to calculate the profit targets, position size, etc. But I prefer the old fashioned ways to...

dchua1969 Updated 

Read the latest news here. Round 1 : Unity budget - S$6.4 billion Round 2 : Resilience budget - S$48 billion Round 3 : Solidarity budget - S$???? billion Implication : Government would have access to data that we retail traders will never have. This, of course is top level information accessible by high level government officials. Guys, think about it. What...

dchua1969

Read article here Sadly, many people around the world, not just Indonesia are still taking the Covid-19 virus lightly. I can almost hear them saying these : It can't be me ;so they say and go about their daily lives. This is the government job, not mine ! The animals have spoken at last, serve the humans right ! So on and so forth............ Of...

dchua1969 Updated 

As you might be aware, there is a inverse relationship between USD and EUR. When USD is up, EUR goes down and vice versa. Now, on the day chart, we see there is a nice inverse H&S pattern displayed. Moving to a smaller timeframe, 4H, the inner bearish trend line (red dotted line)has been broken. So, we can take a long position here. When it hit the 1.09 price...

dchua1969 Updated 

Read this article here Interestingly, people are going for gold mainly because the retail shops are closed due to the Covid-19. Every country is in one way or another shutting down their city, imposing curfews and restricting movement. So, staying at home, they read the news, bombarded each day by more and more negative news about it. The mind starts to play...

dchua1969 Updated 

Many new traders , even some experienced ones still make the cardinal sins of trading. They are eager to find out the holy grail of trading, believing it is the next indicator in town - the more sophisticated , the better it is. Sorry, let me let the cat out of the bag. If you are the one selling the indicators, no matter what the price tag is, does it not tell...

dchua1969

If you basically short from the breakout point , around 1415 (14 Jan 08) and hold till 02 Mar 09, you would made approximately 52% profits (over 14 months) But, if you adopt a different strategy of short during the selldown and buy during the retracement, you can make much more profits. Shorts - 125% Long - 68% T otal - 173%, that is more than 3 times...

dchua1969 Updated 

Wait for the price action to breakout and long.

dchua1969 Updated 

Longer term, we expect the price to revisit the low of Feb 2009 at 1.41. This will be counters that I will not short as the risk/reward ratio is not attractive anymore. The peak of this share was in 2013 at 18. That level will be a shorting level to begin with. Nevertheless, to each his own and this trade set up is for your reference only and not an invitation...