dchua1969

dchua1969

If dollar goes down, I will short it. Sounds right ! If dollar is down, then gold will be up. I will long it. Sounds right ! So, in an attempt to earn your profits faster over a shorter period of time, assuming you execute the 2 trades consecutively, then you could land up with double profits or double of your losses. Remember these rules : Rule 1 - Protect...

dchua1969

The answer is a resounding YES !!!! Like many traders, I learnt to buy stocks, commodities, forex, etc. You hear lunchtime talk like : I am buying Apple today ! I am long on Tencent with a SL of xxx! There are lesser people telling you about shorts or selling. I did not realise it requires a mental shift years back when I was attempting my first short....

dchua1969 Updated 

Based on the Day chart, it has found some support at 122.80 in mid Dec last year and is trending up nicely thus far. On 6 Jan and 10 Jan, it attempted to breakout of 144.89 but it failed. Two possible scenarios : 1. It breaks out from 144.89 next week or so and charge up towards 157 2. It breaks down from the bullish trend line and heads towards 122.80 to...

dchua1969 Updated 

On the 4H chart, you can see that Ripple is well supported at 0.18454 and has been trending up well thus far. It attempted to breakout of resistance at 0.21196 on 7 Jan but it was short lived. It came tumbling down to 0.19999 and is now revisiting the resistance level again. It has a higher probability of succeeding this time to breakout and if it does, we can...

dchua1969 Updated 

If price can breaks out of 46.13 , it is likely to go higher towards 56.41 then 72 where it revisit its IPO price in April last year.

dchua1969 Updated 

Latest from Lenovo news In 2015, around 5 years ago, this great company was at its peak price of 14.30 and have suffered a severe plunge thereafter............ A closer look at the weekly chart shows price has been in the accumulation stage since May 2016 till current period with price ranging from 3 to 6. Chart wise,it has just broken out of the bearish...

dchua1969 Updated 

The bearish candle on 8 Jan shows how strong the sellers are pushing down the price and it is highly likely to see more selldown this week or so till it finds support at the 2nd level , i.e. 99.81 or at the 3rd level of support at 95.17. I believe years ago, this was one of the biggest holding of Berkshire Hathaway (Warren Buffet) but he has since been...

dchua1969 Updated 

Strong rejection at 108 level , 3 times price failed to break above. support at 106.66 was broken once and rebound. if it breaks down tonight or this week, we can expect a short term sell towards 104.50 For those who are already long in this, you can consider taking partial profits adjust your SL and capital management. Reinvest part of your profits (make it a...

dchua1969 Updated 

Imagine you had held onto this metal since Nov 2008 till now, you would have made 1200% return on your capital. Go take a look at the weekly chart and you can see its parabolic move, hardly much correction along the way. Again, this is a counter-trend strategy, a short term trading set up at best since nobody can tell you where is the top of Palladium. For...

dchua1969

Pretty obvious from the chart. breakout of bearish trend line. Target 1 :1.115 Target 2 : 1.118 I take this opportunity to share something close to my heart as well. Why you should be involved in trading/investing ? 1. If you had done any brick and mortar business before like setting up a retail shop or run a service business, then you know how much time,...

dchua1969 Updated 

If you look at this chart, it is not difficult to spot 2 distinct patterns. First, in Dec 2018, the price went from 4.57 to 15.89 in Aug 2019, almost 250% returns in profits. All this in less than a year. The S&P 500 last year did 28.9% return. So this is more than a 10 fold returns. WOW!!!! But, more importantly is the 2nd pattern. If one gets complacent and...

dchua1969 Updated 

A good friend who has been trading for a while asked me this question recently : WHY is it that we have access to so many free indicators, strategies, books, videos, etc and people are still not making money from the stock market ? (include forex, commodities, futures, cryptocurrency,etc) I thought for a while and reflected on my own experiences and came out...

dchua1969 Updated 

You can see from the 4H chart that it has very strong support at 1.26769 and sellers are unable to push the price down. I expect the price to break out of the rectangle and continue to go up higher

dchua1969 Updated 

The support at 6879 was strong and the price action after some consolidation decides to charge ahead and has now broken the 8000 price level. Now, I expect some minor correction before it breaks out of the bearish trend line and continue to charge higher. Alternatively, it can retest one more time with a pullback at the diagonal trend line , heads south towards...

dchua1969 Updated 

Since it tested the peak at 0.70 on the last day of 2019, it then plunged down about 2.57% to 0.685 level. Now we are facing an important level, the 0.69103 level. This resistance must be broken out for it to continue its bullish move. It is possible for it first goes up to 0.69393 to form the right shoulder , a possible retreat (where buyers can buy cheaper)...

dchua1969 Updated 

Looking at the chart, you would notice that the price has gone up the roof over the last 6 weeks without taking a breather. That is not healthy as it does not offer a break, correction of some sort before going further. So for those who must buy TSLA, then wait for the pullback and goto Day or 4H chart to see the price action before buying.

dchua1969 Updated 

If it is, then we can expect the price action to charge higher towards 2.278 then 2.359 and then 2.498. Of course, there will be pull backs along the way. Another way to look at it could be the price may retreat one more time towards the support at 2.065 to 2.099, making this breakout a false one. Yes, it is very possible but you can see that if it does, the...

dchua1969

It is not uncommon for us to spend so much time analysing a chart, drawing lines, studying the price actions, reading up news, checking forums and analysts' comments, etc but when come to pulling the trigger, we sometimes become frozen. Here, I have indicated the profit target and tomorrow morning, I will be hitting the buy button. Will you join me and ride the...