dchua1969

dchua1969

Says Richard Branson who is facing cash flow challenges in his airlines. If the government fails to bail it out, how would it looks on the international scene ? Is the government at a catch 22 situation ? For traders, are you betting to buy now at bargain price or to short further ? I will do neither but use this information as a piece of the puzzle to better...

dchua1969 Updated 

I am sure some of you will find this phrase familiar as it was commonly used in the TV series, Sherlock Holmes. He has a knack for details unlike ordinary people and his inquisitiveness and peculiar way of looking at things make him a good detective. You can say he is not someone who abides by the traditional rules but rather choosing to see things based on his...

dchua1969

When you see price action in a channel, you know somehow it is going to take a while for a trigger to takes place. Without a break out or break down, this pattern can play ding dong for a while. So, either you take quick profits or wait for the break out to happen first.

dchua1969

See chart

dchua1969 Updated 

You can see from the chart that USOIL has two bottom - one in Mar 1986 at 9.743 and another in Nov 1998 at 10.66. So, that is most likely the worst we can expect for oil to go down to unless it breaks this 2 level. Read latest article on the plunge this morning If you had not longed yet, just wait for the price action to stabilise else there is a chance of...

dchua1969 Updated 

I think this question can warrants a book to be published, haha. Often, when I analyse a chart, I find myself at cross road - to buy or to sell ? And the reasons for being hesitant is because I have allowed too much information to crowd my brain. That affects my analysis and judgement. Too many cooks spoil the broth, have you heard that before ? Remember, when...

dchua1969

Firstly, I think with the Oil market plummeted more than 30% today, the indices is going to suffer as well. The expected areas of support are in the red lines indicated on the chart. If you see the price action of the indices, it has gone up by 32%. The blue line indicates the 20% technical definition of a BEAR MARKET. Now, the price has surpassed that level by...

dchua1969 Updated 

This was one of the most talked about stocks in our local forum. Many were saying how good it is and how cheap it was (months ago) and they went in at a bargain. Forgive me for not able to furnish you more about the fundamentals but the chart failed to excite me at all. Day chart - bearish 4H - slightly bullish but facing resistance On the macro environment,...

dchua1969 Updated 

Please go to a lower time frame to select a good entry point to long.

dchua1969

Boosting the market, Government is releasing many forms of support to help the economy. If you are like me and believe in the long term growth story of China, then any dips is an opportunity to accumulate more. Chart wise, it has broken out of the resistance level and its bullish moving forward.

dchua1969

Just because it is going down slope does not mean there will not be moments of upsurge as witnessed in this chart. The bearish trend line act like a rope that you hang on to as you trek down. Don't lose your sight and focus on the Base camp.

dchua1969

As you can see from the chart, although EURUSD breakouts from the bearish trend, it does not mean it will automatically goes up north. It went up, tumbled down at least half a dozen times, playing a joke on bulls and bears at the same time. If this attempt is genuine, it should heads up to the target set. Otherwise, there is still a possibility of it tumbling...

dchua1969 Updated 

Selling commence. See chart

dchua1969 Updated 

What I like about short term trading is the immediacy of action needed. Like now, it has broken down from the 1H bullish trend line. First target is 67.64.

dchua1969 Updated 

Most likely not unless you are very experienced in shorting in sideway markets. Drawing on the chart after the patterns has formed is easy. Firstly, the emotions will come in to stir you to bet bigger had you win the first round. And your head gets big, thinking to yourself you had it all figured out. Viewers look at the chart and say : wow, imagine I can do...

dchua1969 Updated 

4:58 pm: Trump to roll out guidelines to open up parts of US where cases decline and testing ramps up President Donald Trump is set to unveil broad new federal guidelines that lay out conditions for parts of the U.S. to start relaxing some of the strict social distancing measures imposed to combat the spread of the coronavirus pandemic. The new guidance will...

dchua1969

if you did not buy at 0.632, catching it now is risky, imo. It has reached the resistance level as shown on chart. Let's wait for it to break out from the resistance and see that it can be sustained above before initiating a long. For short, ensure it breaks down from the bearish trend line first. However, I am more bullish than bearish at this juncture as it...

dchua1969

The famous death cross for moving averages is when 50 EMA cross down the 200 EMA and that is when the price action starts to fall or where you begin to short. In this chart, you can see on 20 Dec 18, there was a death cross pattern. And if you use the EMA indicators, you are likely to sell and make over 12% profits. But in the case of using the trend lines, you...