dchua1969

dchua1969 Updated 

Sorry Mr Trump but your recent tweet comparing covid 19 to the common flu reflects badly in your capacity as a leader of the country. Do you mean to say, you need to see more deaths (current at 22) for Covid-19 before the country would do something on it ? Does this 22 deaths mean something to the country ? I don't know but as a parent , I will be heartbroken and...

dchua1969 Updated 

From newspaper , print and online, articles, emails write up , blogs, social media - what is one thing common now ? They are all talking about the recession is coming. they are saying cheap can get cheaper . They are saying CASH is king now. They are talking about waiting for another 30% drop before going in. Isn't this some kind of maximum fear ? You are not...

dchua1969 Updated 

If you need a story to support the gap up, here it is ! Now, the price action is at a dilemma. Above it , there is a gap down awaiting to be filled up. Below, there is a gap up also awaiting for a pull back to be filled. Which will it fill up first ? When market opens tonight, watch the 1H chart and see how the price action determine the direction. It could go...

dchua1969 Updated 

In my confession , I provided several sources where different countries reacted the same way when handling a chaotic situation like the Covid-19. So, in chaos, there is always opportunities if you know where to look for it. Already, groceries retailer are deemed as recession proof business. Regardless of how the economy performs, people will still need the...

dchua1969 Updated 

Have you read my confession yet ? Go read here I didn't expect to dig up Kimberly Clark chart until these news about shoppers freaking out and one shopper in Australia wielding knife over it recently. That is unusual or not logical. Then , I discovered this great company share price. Look at the V shape recovery, it dropped 11% but rebounded strongly with...

dchua1969 Updated 

Just had coffee with a trading friend for 2 hours and he was swearing and complaining to me how much he had lost in the stock market! More than 5 figures and worst of all, he kept this from his spouse. He continued to rant on and on about how the market is spooked, manipulative and blamed it on the Central Government for doing too little too late. Could he be...

dchua1969 Updated 

SL : 0.6535 Target 1 : 0.6651 Target 2 : 0.6747

dchua1969 Updated 

The purpose of showing you two different asset class in one chart is to not to illustrate their negative co-relation but rather when there is lots of uncertainty' like now, people scramble to put their money in safe haven assets. YEN and Gold are two of them. So you can either short USDJPY or long XAUUSD.

dchua1969 Updated 

If you think buying and hold strategy works , you might want to reconsider again. Here, I show you the oil chart. The first 180% profits was generated from holding on from Jun 2017 to Oct 2018. If you failed to exit, your profits are all gone by the time it reached Dec 2018, barely two months after it peaked. Then, from Dec 18 to Apr 19, had you long this oil...

dchua1969

Those who watched the market last night would know it was another day of RED, RED and more RED ! Is the bitcoin era over now ? I don't know but the media is definitely losing interest in this once popular golden boy. So, who's the hottest now ? Not the healthcare stocks but the FEAR INDEX . It moves at a scary , parabolic upswing of 252% returns in just 2...

dchua1969 Updated 

Read these : 1. Here 2. here 3. here 4. here 5. here Spot the similarities and differences ? The same coronavirus that rocks the whole world is the similarity that connect all the shoppers in this picture. Even though, China was the first to be attacked and subsequently pictures in the media start showing shoppers in a frenzy stocking up toilet...

dchua1969 Updated 

This is AUDUSD 4H chart. This will be the 3rd buying opportunity for those who had missed the first two. For those who got in earlier, remember to take some profits and adjust your SL accordingly. By sticking to the same position size , say 2 contracts for each trade, you ensure your risk is contained within your portfolio. Say, the market turns against you, they...

dchua1969 Updated 

Read here Nobody can really tell you the real reason why a stock/index is going up or down for a specific reason. And if that reason seems plausible, it is difficult to prove it as well. Why then do traders (humans) need to know the answers ? Call it the human curiosity or fear of the unknown. Be it going uptrend or downtrend, they need a reason to back it...

dchua1969 Updated 

This is what the experts say about the market ! I agree to average up in stages and byte size that you can handle. Only Mr Market knows if this is a false breakout and they won't tell you , right ? So, beside having a trailing stop loss to protect your capital, make sure you do not sink your entire kitchen into the market , assuming that it has recovered. I...

dchua1969 Updated 

Maybe, like me , you had missed this stock's recent 20 over percent jump in share price? Fret not, another opportunity is here! You may be buying at a slightly higher price but looking at the chart and the current situation, this stock still has some way to go up. First thing first, if tonight, it does heads up, it might close the gap between 71-72 dollars. ...

dchua1969 Updated 

Emerson once said to the woman who suffers from a lack of money mindset to go to the sea and watch the waves coming in and out . He said the water is forever coming in and will then goes out again. Money is like the sea, forever coming in and going out. So money in a way is like blood circulating in our body. If it stops or gets congested (meaning we feel stuck,...

dchua1969 Updated 

Notice I said watching and not trading? There are lots of noises out there currently with one camp saying to do DCA (dollar cost averaging). Nothing wrong with that if you are familiar with the fundamentals of the Company that you are invested in. However, cheap can get cheaper and DCA may be like being killed by a thousand blades (slow death). So do exercise...

dchua1969 Updated 

Listen to his speech here Lucky for me , there is chart to rely on else I would not know how to trade. Some of this news are conflicting with one bear camp saying the recession is near, the crash is imminent while the bulls guy say buy the dip. I mean these are professors and investment bankers likely to have their CFAs and what's not, making it hard for...