dchua1969

dchua1969 Updated 

I don't know, let's see what Naguib predicts in 18 months time will come true. From the chart, price is facing a resistance at 27.94 currently, It could retrace and heads south or breaks out and continue to go higher and eventually fill up the gap. For Warren Buffett , the legendary investor to unload all airlines shares means a great deal. Not only financial...

dchua1969

Take both only if you know what you are doing. Else, just take one or none, sit at the side and watch the price actions. There is no need to act each and every time a chart is posted on TV, you gotta be comfortable. Sounds contradictory, I know. It is through real account practice that you feel the joy and pain of winning and losing. Then only, you could...

dchua1969

This could be you or me or anyone else for that matter. Trend lines and patterns are just a guide , not a 100% accurate , must happen thing for the Market to follow. Anyone attempting to control the market are either out of the market , cursing and swearing never to get in or have busted one too many accounts. This entire selling saga lasted for 427 days; ie one...

dchua1969 Updated 

Hong Kong is following other countries to reopen part of the city to allow some workers to return to office. Food is an important and necessary part of office workers life. I mean, they have to take their lunch, coffee breaks, dinner ,etc. So, what business will come to their rescue ? That's right ! Food and beverage business, the restaurant. But not just any...

dchua1969

Based on the 1H chart, we see a nice breakout of the bearish trend with a support at 2800.60. That is the first buying zone. We are expecting the price to move higher towards first to 2863.30 and then 2889.60. What we know for certain : 1. President Trump has a vested interest to shore up the stock market. His time is running out with his controversial...

dchua1969 Updated 

Here, you can see the selling has commenced on the first breakout of the inner bullish trend line (pink) and it continues to go south without any retracement. When it hit the main bullish trend line (green), it did not rebound as well but continue to head south beautifully. Thus, the highest risk reward ratio is selling at the pink line followed by the green...

dchua1969

If you look at the day trend, you would note that this pair, GBPAUD is still riding on a nice long bullish move. It has retreated slightly , giving short sellers a chance to make a near 3% return from 1.955 to 1.898. You can see the rebound is strong. There were no bearish candles until it closed above 1.943. Now, if the price continues to charge up north and...

dchua1969

We look at the fear index chart and it has peaked from a high of 83.98 on 17 March to a low of 37.19 now. That means, people are piling money into the stock market. If you like, talk to your broker , have a chat and find out how is his business. Is he receiving a lot of calls to open account ? Does he have time to return your call ? Such groundwork research can...

dchua1969

The 200 Moving average is commonly used as an indicator of bull or bear stance by the hedge funds, analysts and investment banks. If price action stays above 200 MA, it is bullish and if below 200 MA, then it is bearish. In this chart, we can see clearly that only Nasdaq is currently above it while DJIA and Russell 2000 are still bearish. SPX500 recently closed...

dchua1969

As part of my self improvement program, I was listening to Anthony Robbins while on my way to do grocery shopping earlier. One of his key message in the audio was Standards and Rituals Standards - Michael Phelps train 3x as hard compared to the other Olympic swimmer. If other is training once a day, he will triple it. He learns to let go of limiting beliefs...

dchua1969

Please read this carefully before trading with SH As you can see from the line chart, the SPX500 has broken down from the bullish trend line. Instead of shorting it, you can also buy the SH ETF if you believe SPX500 price will continue to fall. It says it is meant for 1 day trading which means the timing of short entry becomes crucial. If you do not have a...

dchua1969 Updated 

What do you see ? What do you observe ? What do you want to do ? How do you decide ? Why do you do what you do ?

dchua1969 Updated 

Awaiting for price action to break out of the wedge and buy. Two support at 1.764 and 1.786.

dchua1969 Updated 

Mapping the 1929 bear market rally to what we are seeing now, is there some similarities ? There is a resistance at 25,218 which is based on the price action structure. However, many analysts are basing on the popular 200 MA as the next resistance level. That would roughly gives us 26,000. So, here we are at a crucial cross junction where the price action will...

dchua1969 Updated 

Please forgive me if the above caption is misleading. It is a fact that if you short at 1600 hours and hold till now, you made an immediate 2% profit. The challenge is the mind begins to play a trick on you. You start to imagine if within such a short time, I can make this profit , what if I double or triple it ? Wow, you started imagining what you can do with...

dchua1969 Updated 

Read this article to the end. No, I did not make a mistake. This is about the HK government tendering for PR firms to clean up HK image. But as I read on, I start to see a pattern. The PR firms are no different from salesman. Their job is to sell Hong Kong to the world, to get more business come to HK, improve trades and services, etc. Having been in sales...

dchua1969

see chart

dchua1969

Volatility wise, you can see STI is more volatile with sharp spikes (orange) compared to SPX500. And then the green zone where both are moving in a bullish channel. SPX500 has a much smoother ride. This is important as traders might get stopped out due to tight SL. More importantly, when all indices have risen lately due to the Fed's generous money printing,...