dchua1969

dchua1969 Updated 

Like this one and this one ! I was thrilled to read the first news, confirming my analysis on the market overall and plan to short Oil first thing on Monday morning. Indices have a reverse reaction to Oil, it gaps up while Oil gaps down. At time of writing, Oil is now at around 28.05. Let's see if it will breaks down from here and heads towards 23.46...

dchua1969 Updated 

this is the 4th attempt that it has tried to break out from the upper channel on the 1H chart. It has succeeded according to price action (for now). Anything can happen especially with what's happening now with the OPEC members meeting ! But, if my analysis is right that Oil should heads south , then this breakout is indeed a genuine one. We have long this pair...

dchua1969

So says the wise man ! In the Bible, it says : You, my brothers and sisters, were called to be free.But do not use your freedom to indulge the flesh; rather serve one another humbly in love. Galatians 5.13 To be free from debt, stress, the obligations of life. To be free from the anxiety and uncertainty of Covid-19, staying at home and temporarily losing our...

dchua1969

coz cheap can get cheaper...... If you have been to Bangkok streets market and are a good bargainer, then you are likely to bargain your way down the street, taking the cheapest offer that the shop owner is willing to offer you. Tip : Don't look back if you are not going to accept her offer or bargain further with her. Same thing for trading as well. Just...

dchua1969

We live in a excess information age right now. Anything you searched online (almost) churns out pages after pages of articles, videos, graphs, etc that you can make reference to. In fact, I think is way too much. It is like being led down the rabbit hole and you get lost along the way, forgetting your initial objective. Some get themselves locked into a analysis...

dchua1969 Updated 

Read this news here If the world top airlines like SIA in Singapore needs a bailout and seeing its share price plummeting day after day, what do you think the smaller , weaker players in the region will perform? See the chart yourself! I think some players in Asia like Airasia may go bankrupt and I will likely short it later.

dchua1969 Updated 

It came down faster before it can even touch the resistance line. Did I mention to avoid longing USDCHF ? In IG where I used as a platform , it has a wide guaranteed stop that you have to set aside in order to trade. This is to my disadvantage as I would not be able to set my trailing stop loss to protect my profits. So, quite simple. Though USDCHF and EURUSD...

dchua1969 Updated 

This is a question I have been asked many times. So, I decide to use a live trade that I am vested last night to illustrate the various ways to take profits. You can see on this 1H chart that I have used the traditional risk/reward ratio and the trend line (pink dotted line) to compare. If you use the RRR method, you can see that you risk 1 and now you are...

dchua1969 Updated 

Short entry : 0.59677 SL : 0.59924 Tgt : Till the end of trend

dchua1969

Guys, now that some of you are getting more familiar with trend trading, had taken some live trades and made some profits. Congratulations ! Here, I want to focus on Risk Control Strategies in a more in-depth manner for your trading : 1. Elimination : The risk can be controlled by eliminating the activity. This means STOP TRADING. Eg : You are in a foul mood,...

dchua1969

This was made possible last nite when Oil surged more than 20%. In a normal bull market, one would be considered good if he can make 10-15% profits a year. Now, we are talking about making 20% within a day (or a few hours to be precise). You can see from the 1H chart that price was hovering around 20.94 with a fake breakout on 31 Mar at 1000 hours before price...

dchua1969 Updated 

24 Mar 2020, we have a nice gap up and DJI continues to scare the short sellers with its relentless pursuit of the bullish move, going higher and higher till 22500 level. But all good things must come to an end, isn't it? The bulls have their part last week , popping champagne and all while the bears are probably at home watching Netflix, haha. No worries, Mr...

dchua1969 Updated 

Entry : 77.16 SL : 78.13 Tgt : 74 All the best to everyone's trading this week! Continue to wash hands, watch your social distance, keep yourself and family happy and calm, exercise (physically and mentally) and most importantly, pray for the blessings of God to eradicate Covid-19 for us, the country and the entire world who is suffering at large.

dchua1969 Updated 

Looking at the 1H chart, we see 2 possibilities. 1. It touches the channel top and like the preceding patterns, heads south. 2. It breaks out of the channel and charge higher towards 1.46 level. Implications : 1. For USDCAD to heads down ,that means USOIL has to go up. If this is true, are we seeing a bottom out for USOIL ? 2. And if this is true, does it...

dchua1969 Updated 

In this 1H chart, you have 2 gaps , one on top and one below; both awaiting to be filled up. The question is WHEN ? I also dunno, haha. Next, you see the price action is stuck in a sideway move with buy and sell opportunities , if you know how to spot it and trade it. Congrats if you are good at it as you can earn both ways ! So, the million dollar question is -...

dchua1969 Updated 

entry : 1.095 SL : 1.097

dchua1969 Updated 

Haha, I had a few PM last nite from a few followers asking me why my analysis on DJI, SPX500 were way off from the market! First thing first, I can't predict the market moves (If I can, I will be hiding somewhere and making tons and tons of money like the Feds busy printing money). So, getting the trade setups wrong is part and parcel of the game. Next, like...

dchua1969 Updated 

This is a saying in sales - always pluck the lower hanging fruits first. That means, to go after friends, family members, your network or warm leads before you move to the next circle of cold leads. Is it always true ? It depends, some sales professional are really good with cold leads like canvassing on the streets, making friends or contacts in networking...