dchua1969

dchua1969 Updated 

AH, so like many traders, I too made this mistakes from time to time. If you feel better, blame it on the media. What you are reading the most often (or what is published more often) had your attention. Our human mind is made to avoid crisis like this as we seek protection (think the Croods movie - run to the caves). In short, we tend to avoid pain more than...

dchua1969 Updated 

All you want to know about this company What some analyst say about this company Looking at the chart, it is a 3 months up, then 3 months down followed by downtrend till now..... It has just broken out of the bearish trend line and let's be a little patient as it is going to pull back to 13.50 -13.00 (support). If this support holds, then we can initiate...

dchua1969 Updated 

From time to time, we get to read about Analysts prediction about a particular asset class. In this case, it's the classic GOLD. They are saying it will exceed 2000 price level and from the chart I plotted, it seems possible. It has broken out of the long standing bearish trend line since 15 Aug 2011 and stuck in a range level from 1050 to 1400 since 13 May 2013...

dchua1969 Updated 

It's the first year of the Chinese New Year. Gong Xi Fa Cai to all my Chinese followers and traders! The US stock indices were hit last Friday following more bad news about China coronavirus and the constant update that I am receiving seems to getting from bad to worse. Before we let our emotions run wild, let's examine closer on the chart. The SPX500 after...

dchua1969 Updated 

YEN , Gold , CHF ,etc are traditionally termed as safe haven assets. And at times of uncertainty where the impact of the Coronavirus and extent of its damage is largely unknown, investors and traders will rush to protect themselves. As you can see from chart, after hitting a peak of 110, it too like the SPX500 decides to take a U turn and heads south. Again,...

dchua1969 Updated 

It is an extremely busy day today in Singapore where many ethnic Chinese are scrambling to do their last minute groceries shopping before they are closed for the next 2 days. For those who are not aware, it is the CHINESE NEW YEAR or SPRING FESTIVAL celebrated by ethnic Chinese worldwide. So tonight, families will gather together for a reunion dinner much like...

dchua1969 Updated 

Last December, we mentioned that the thai baht has not been too friendly to us, meaning if we were to travel there, for each Sing dollar we get lesser amount in Thai Baht. A month had passed and we may see some positivity soon. The bearish trend line has just been broken out and if it is genuine, we can expect a higher high within the next 6 months or so. That...

dchua1969 Updated 

This is an interesting article that I like. When I was a child, I remembered playing with Playmobil but my son now is into Lego animation. Check this out ! How time flies ! Tencent is one Company that I intend to buy and hold for a very long time as their business model is unrivalled and they are well diversified into healthcare, gaming, financial service...

dchua1969 Updated 

Good morning traders, hope you had a wonderful weekend and are all ready to take on a brand new week ahead ! BTCUSD has broken out of the bearish trend line and is now sitting on a support level at 8565. If this level holds, we expect the price to continue its bullish move towards the 10,000 mark. Alternatively, it may falls to the next lower support at 8194...

dchua1969 Updated 

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised-and-managed hotels represent almost all of the hotels in its hotel network. The hotel network of the company comprised approximately 2,200 hotels with nearly190,000 rooms in China, covering all centrally-administrated municipalities and cities throughout all provinces and...

dchua1969 Updated 

One of the major currencies to trade is EURUSD and one that is also heavily traded for its liquidity, lower volatility compared to others. It is now still in a bullish trend but things might change soon as we await ECB interest rate decision tonight. Will they leave it on hold or lower it further ? Using the DXY chart as a guide, we can see that it has broken...

dchua1969

Yes, it is like a sector rotation for equities. FAANG stocks has enjoyed unparalleled astronomical returns for as long as they were publicly listed. Now, I know many of us for whatever reasons are not in these FAANG stocks and in a way ,regretted why didn't they got into it.... Nobody knows how high they can go but since they are already so sky high, any room up...

dchua1969

Just a few months ago, there were talks that Oil is going to shoot up to 70 to 100 price level. Today, we are seeing the opposite as it starts to revisit the 50 dollar mark again. Currently, we see a support at 55.10 where it is likely to rebound. If this support fails to hold, then it will go to 54.17. At this level, it has already broken down from the bullish...

dchua1969 Updated 

Based on this article , the experts are predicting that based on the RSI indicator, the 2018 Jan history will repeats in the current situation. Since I do not rely on RSI indicators, so I cannot comment how accurate it is as I had mixed results in the past and it clouds my charting skills. Based on trend line analysis, the price action is still sitting on a...

dchua1969 Updated 

In a big country like China, it is incorrect to say property market is up or down in any single year. Due to its large population, when highly dense cities like Beijing , Shanghai and Guangzhou (Tier 1 cities) are suffering from loss of sales, rental, etc, other smaller cities , especially those in Tier 3 -4 can be booming. Now, we may have an opportunity to...

dchua1969 Updated 

The 80/ 20 rule or also known as Pareto Principle suggest that 20% of your activities (say trading) will account for 80% of your results. What it means is say you have a portfolio of 10 products (stocks, futures, commodities, cryptocurrencies,etc). Of the 10 products, 20% of it < i.e. 2 will yield you the highest level of profits (or 80%). Why is this important...

dchua1969 Updated 

Yes, so I saw the sea of red across the global stock market, commodities, cryptocurrencies and futures as well. For those who saw it coming and shorted the HSI, congratulations. If you are long on HSI, like me, fret not and panic not. Apparently, it is due to the pneumonia flu that is happening in China and is spreading to other countries. And this is also...

dchua1969 Updated 

I was just off listening to a motivational audio by John Assaraf on the above. I find it inspiring and would like to share with fellow traders. According to the audio, he says, if you are interested in your financial goal , then you do what is convenient. But , if you are COMMITTED, you would do whatever it takes to achieve it. Now, whatever it takes can means...