dchua1969

dchua1969 Updated 

Read this articl e One of the last few country to launch the fiscal stimulus, I wonder if they do study what is the impact it has on other countries ahead of them. If it does not work, why are they following it blindly? I doubt this stimulus is going to do much help, maybe a dead cat bounce that allows more shorts positions to be piled up........

dchua1969 Updated 

GP = Gain pleasure AP = Avoid pain According to Anthony Robbins, many of life decisions are based on this model. We work to gain pleasure (social connection, achievement, etc) or avoid pain (get away from past hurt, problems at home, lack of income, etc). And of the two, which one do we act on more? It is avoiding pain , really. We will go to great length to...

dchua1969 Updated 

If you follow strictly the rules of trend line trading, then you would take this long signal. The thing that affects your decision are likely the amount of news that had been accumulating over this period. Thus, it is likely to engage in analysis paralysis. Just ensure you have SL, proper capital management and you will be fine. The next best thing to say is...

dchua1969 Updated 

See chart

dchua1969

By now, you should be familiar with how trend lines work. In this 1H chart, you see that the price action has just broken down from the bullish trend line, so you can either short now or wait for a pullback. Yesterday, OIL has a fantastic run up of more than 23% and thus bringing USDCAD downwards. Let's hope it stay that way and not just a temporary pullback.

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

Actually, millions of hand, really. As you can see from the chart, price of Oil has dropped drastically to the range of 30 dollars and heading to 26 dollars where we find some support during those period indicated on the chart. Could we see a rebound from here and bring some cheers to the Oil bulls ? Or are we going to dip even further to the next support...

dchua1969 Updated 

Read this important article here First thing when I read this article, I was happy but it was short lived. The major US indices tumbled and caused a limit down which basically freeze all buying and selling as at this morning. Luckily, I scooped some last Friday and quickly adjusted my trailing stop loss to take in some profits. So, I am using USDJPY as a...

dchua1969 Updated 

I like what I am reading here The main message here is things are returning slowly back to normalcy. That is consumers are spending again, maybe not a lot but it will come eventually as things get better. And that is what businesses need. An exchange of goods and services. Please note that I do not know if this is a dead cat bounce or not or the bottom is...

dchua1969 Updated 

According to Bloomberg source, there is a nice chart that shows the co-relation between how Oil and stock market moves in tandem. When Oil is up, market is up and vice versa. To prove its point, I use the 4H chart and see for myself if it is true. Notice the difference in timing of the fall. DJI peaks at 29,559 on 8 Jan 20 and also marks the beginning of the...

dchua1969 Updated 

Entry : 1.11463 SL : 1.111

dchua1969 Updated 

IF this rebound is not going to take place at the range (dotted line) I plotted in the chart, then we are likely to see Silver price revisit the 11 dollar followed by 10 and then eventually 8 dollars...... Some were saying that traders and investors are so panicky about the stock market that they are selling their gold and silver to raise cash to meet their...

dchua1969 Updated 

Once a while, there are low hanging fruits in the marketplace and one has to be sharp and alert to spot it. Back in the day when I was still a corporate animal, I was told by my mentor to first go after the low hanging fruits. That means, the prospects that are easiest to close. That could be your own family members or friends. I was blessed and indeed it was...

dchua1969 Updated 

Now that Dow Jones has officially entered into the bear market , we are left with SPX500 and NASDAQ to either follow or retaliate. Trump has been accused of taking things too easy, refusing to get himself tested for the Covid 19, still saying everything is going well, nothing to worry about and carrying on his rally campaign , shaking hands with supporters as...

dchua1969 Updated 

The truth is : I don't know. It has taken out the important and psychological support at 3000 price level and is now at 2960. This is a support zone where price action in Jan 2017 and Oct 2018 were and they rebounded strongly. Is history going to repeat itself again OR will we witness another slaughter in the coming weeks to see it falling to 2763 level...

dchua1969 Updated 

In TV, you won't lack any trading strategies that the authors have generously shared here. From BB to EMA to RSI, from 5 min to 1 week, choose and pick the one that suits you. But, I discovered from my experience that in any endeavour that we pursue, be it trading or a new vocation that we embark on , the most important ingredient to success starts with the...

dchua1969 Updated 

SL : 1.37043 Entry : 1.36500 Target : 1.343

dchua1969 Updated 

Yen has strengthened against the dollar , reaching 101, a level not seen when it was that low in Nov 2016, almost 3 years ago. USD is facing lots of pressure with many expecting the Feds to lower interest rate by another 50-75 basis points soon. Feds still believe monetary policy is the way to go to help stoke up the ailing economy. This Yen strength is not...