dchua1969

dchua1969 Updated 

www.bloomberg.com Read this article above to get acquainted with this great company; Vitasoy. As a soymilk drinker myself, I am aware of this brand in SG. To save costs on the long term, I make my own soy milk possibly every morning. Healthier, cheaper and nicer as well. To have a 60% market share in China is no mean feat for this Company and I believe RTD soy...

dchua1969 Updated 

See chart for explanation As you have seen, it did not touch the support at 32.79 and this gap down between 35.07 and 35.92 and end with a bullish hammer candle could signify a possible trend reversal. If the gap is closed next week, then it confirms a trend reversal else it might goes further south. Let's see how it plays out next week.

dchua1969 Updated 

www.cnbc.com 1) If you agree with me the story of USD getting stronger against many currencies, including yen, then you can see why Japan stock market will continue to stay bullish. Short term wise, there is bound to be correction so have a mid to longer term horizon if you keen to play this index. 2) Also ,coming up in 2 years time, Japan will be hosting the...

dchua1969 Updated 

A treasury bond is a certificate representing a loan to the federal government that matures in more than 10 years. Since they are backed by the U.S. government, they are seen as a safe investment, particularly relative to stocks and other securities. Treasury bond prices and yields move in opposite directions—falling prices boost yields and rising prices lower...

dchua1969 Updated 

I use the 15 min charts so that traders can see clearly for themselves. 1.The first breakdown was a sign that more downfall has to happen. WHY ,you asked ? Now, it consolidates from 6 Dec 2200 hours to 09 Dec 2200 hours ,3 full days before it breaks down to 2. Now, look at the candle of 9 Dec 2345 candle and look left. Is there any support ? NOT AT ALL!!!! That...

dchua1969 Updated 

Not just this pair but mostly GBP related pairs as well. It is now reaching an ascending wedge pattern on the day chart. This is bearish as we can expect an upcoming correction. It can go much higher before falling. This fall would be a good chance to enter long again.

dchua1969 Updated 

There are two levels of support in the 1H chart. Note that in day chart, the price action has already broken down from its bullish trend line so this is short term buy. Action required - wait for the price to break out of the bearish trend line. See if there is a pull back that closed above the support line at 108.454. If yes, place a buy position , small for...

dchua1969 Updated 

The one thing I like about Day and weekly chart is it prevents you from making hasty decisions to trade in and out of the market like the smaller timeframe. Since July till now, almost 5 months later, the price action does not indicate EURGBP is out of the tunnel just yet. We are now reaching a few levels of support, though there might be some pull back but if...

dchua1969 Updated 

As traders, it is inevitable to make wrong analysis and form incorrect opinion on your own charting. That is how we learn, imo. I was carried away in my own bias in analysing EURUSD. Going back to the bigger picture, we can see clearly that EURUSD has broken out of the bearish trend line and also break out of resistance at 1.11286. There is a bit more room for...

dchua1969 Updated 

www.cnbc.com I get my ideas from time to time from reading news and evaluate the trading opportunity. Here, you can see price action has finally broken out of the bearish trend line. Although it was not able to sustain for long above the support level at 2105.29, nevertheless, it is still above the bearish trend line as 2nd support. Once the price action...

dchua1969 Updated 

www.marketwatch.com www.forbes.com This is one of my largest holding todate and I intend to accumulate as it continues to provide me with more buying opportunities. Please note that this is a long term holding , min 5 years and above for me. If you wish to follow, please ensure you have the right mindset , patience, risk control and capital management in place.

dchua1969 Updated 

The more I study into candle stick patterns ,the more I find it fascinating and how powerfully accurate it can be. The hard truth is hard to bear sometimes as it confounded times and times again how awfully wrong I was in my analysis. But if I remain humble and learn from it, it can serve as a great teacher. And that is the kind of attitude that I think all...

dchua1969 Updated 

Wait a while more, maybe tonight or tomorrow for the diagonal bullish trend line to break down and take your short. Note that if you sell EURUSD, avoid buying USDCHF. Nothing wrong with that except your risk exposure has increased. That means, if EURUSD instead of turning down, it continues to go higher since it is still within the bullish trend line (potentially...

dchua1969 Updated 

Step 1 : draw diagonal trend line and noticed price action breaks down the bullish line Step 2 : Find the first support level , it does not have to 100% precise, the place where most candles sit on it is OK. Step 3 : Find the 2nd support level, if available, if not Step 2 may suffice Step 4 : Place your short position with appropriate SL. Best of luck

dchua1969 Updated 

1. price must stay along the pink bullish trend line 2. price must breakout of bearish channel (red trend line) and closed above 66.04 3. price may hit 68 , then pull back though not necessarily (this is the 50% FIB level) if it does, it presents a 2nd buy opportunity before going higher towards price at 71.61 (61.8 FIB level)

dchua1969 Updated 

36 long months of waiting, finally the selling is over for Coffee! See how nice the price action moves within the descending channel, without any false breakouts (up or down) to trap you! How nice, isn't it ? See daily chart for more details

dchua1969 Updated 

See chart

dchua1969 Updated 

Since September this year, many pound pairs have been doing extremely well. Like GBPUSD, it has went up from the support of 1.20 to current 1.313. There is a daily resistance at 1.3166 as evidenced by the recent candles as well. Prices are expected to correct next week but how low it will go, let's observe on weekly basis.