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China A50 CFD

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CHINAA50CFD trade ideas

buy now or wait for breakout @ 15,733.30Again, there is no right or wrong. Some like to buy at support IF they believe it is going to continue to go up. Others prefer a wider margin of safety and wait for the breakout at the resistance level at 15,733.30. What if it reaches this level and tumble down again? So, risk perception differs from different people and since no one can predict with 100% accuracy on the price movements, these differences in price points allows traders to make profits and losses each day. As a long term investor in China, I am bullish on China market and thus would average up on this index.
OANDA:CN50USDLong
by dchua1969
2
IT IS FINISHED !!!Putting spirituality aside, if we look plainly at the word; finished - what comes to mind ? See the dictionary meaning : It simply means the tasks on hand is done, completed, nothing more to do. And the corresponding feeling should be one of :Relieve, Excited, Happy, Pressure taken off, etc. That is exactly what we should be doing in our trades and investment. And to me, this is an important psychological aspect that is often not covered in many courses, be it forex,futures or commodities. The emphasis is constantly on price actions, indicators, trends ,etc. No, I am not saying these items are not important, they definitely have a place but imo, it is not the most important ingredient. See my posting on My top 3 China stocks where I talk briefly about self-motivation. IT IS FINISHED is beginning with the end in mind (Steven Covey - 7 habits) , it is thinking from instead of thinking of your success. I run and swim to keep fit. So, at times when I am struggling in the journey, I would pause, slow down my speed and think of the shower I am enjoying, the nice cold lemonade that I am seeping now. All actions are in the present NOT to be had later which denotes some time in the future. It is right now! In trading/investment, I imagine a scene where my portfolio has made me financially independent and successful, I use my money to bless my family and others and share my knowledge and skills with a large audience on stage. And from here, my thinking commence. I carry this superb, happy, excited, peaceful feeling into my journey of research, chart analysis and others. You can say, it is a skii down approach rather than a climbing up ladder approach. This subject is deep and requires a steady and calm mind to relax and pay attention to what your heart is telling you. Listen attentively, do not argue and oppose the gut feelings you have, it is a signal , it is telling you something. Embrace it and seek God's help in interpreting it for you. Have patience and not rush things............. WE already have the money , all of it that we ever wanted. WE are ALREADY profitable. WE are great at spotting trading opportunities. WE are fearless in executing our actions. WE are generous in our sharing because we HAVE more than enough. WE are prosperous and sincerely wants others to prosper too. We are blessed and in turn bless others with our prayers.
OANDA:CN50USDLong
by dchua1969
Is China stock market in a bubble ?Read article here If we look at the chart, we can see that CN50 has break out of the resistance in 2015 at 14,828 on 7 Jul 20 and is now at 15,146.40. From a technical perspective, those who had followed my post here can consider take partial/full profits and let the remaining units run. The key support at 14,969.70 now is crucial as it indicates the future bullish moves. On the smaller time frame, it shows us a series of lower highs and lower lows, which indicate short term bearishness, having fallen from a high of 16,437.30. I remain cautiously optimistic that China government would do what it can to prop up the stock market and not allow it to follow 2015 trend. The likely scenario would be a consolidation phase for the coming weeks before any major news hit it to go higher up. It could the US-China trade deal new developments, President Trump election or maybe the Tik Tok/Tencent sales in US. Let's return to the chart in a week or so to see its performance.
OANDA:CN50USDLong
by dchua1969