dchua1969

dchua1969 Updated 

The weekly chart shows that the worst may be over for the Aussie dollars after suffering a huge sell down on 31/03/25, going down below 0.60, revisiting the low of 20/4/20 candle. I am more in favour of catching the up or downtrend but not necessarily the beginning of it since that is more of a luck than skill, imo. So, with a good risk/reward ratio, the US...

dchua1969 Updated 

In a way , thanks to President Trump for creating this mess! Think about it ! Had he not initiated the tariff war, the market would not be in a topsy turvy situation and therein lies opportunities and threats for us. Now the bond yield are spiking up which means bond prices are crashing. Oh no, the US bonds were once highly sought after but with faltering price,...

dchua1969

You can wait for the price action to come down to the green dotted line before taking a long position. If it breaks down from the dotted line, this trade setup is OFF. I expect Euro dollars to gain momentum and the US dollars continue to head south. As usual, please DYODD

dchua1969

Let's wait for it to break above the resistance line and then go long/accumulate. Be patient and DYODD

dchua1969 Updated 

Let's get this euro dollars going higher ........ 1.1212 is a resistance turned support now. I expect it to break above soon.

dchua1969

DXY chart shows the US dollar is crashing down. From the peak beginning of this year to current price level, it has fallen nearly 10% already. I expect more to come and would be placing strategic bets on EURUSD.

dchua1969 Updated 

The peak for this pair was around 160+ in Jun 2024 and it falls to a lower high to 157 on Jan 25. From here onwards, it has gone south in direction with the red bearish trend line remaining intact. A fake bullish candle on 12 May 25 took many traders by surprise and killed many shortists, including me, not once but twice. Now on the 4H chart, I present you 2...

dchua1969

We can see from chart that NIKE has fallen from its glorious days and fallen 70% from its peak in Aug 2021. It is still on a downtrend. Could Amazon be its saviour for the next 6 months or so, especially Christmas and Thanks Giving Day ? Excessive inventory build up seems to be clogging the system and drag the revenues down! Not forgetting there are many...

dchua1969

According to this site Americans 60 and older lost $4.8 billion to cyber-crime in 2024...... That is a lot of money LOST. In the cyberspace, more digital information is stored online be it hard disk or using the cloud space. Hackers or digital criminals skilled in computer skills are able to access to private and confidential information of hospitals,...

dchua1969

Jamie could be right about Quarter 2 where we start to see the effects of the tariff hurting the US markets. Earnings down, that means PE will follow and share price comes down. But should SELL all your US assets like what some influencers are telling you? I can't decide for you but I am holding to it and ride it through. Why? Simple - I am not smart enough to...

dchua1969

So CEO of NVDA has given an impressive speech recently. Read here And the forum is full of optimism and hype about the share price going to the moon. We have seen this before and it is anyone guess what happens after it reaches the resistance level at 149.28. Will it break out and continue the rally much to the excitement and bet of many investors/traders? Or...

dchua1969

In the 1H chart, we can see the price action has broken down from the bullish trend line and there are several gaps that it can possibly fill up. The first one at 117.8 is completed. So, if you want to go LONG/accumulate, go in in tranches instead of one lump sum. Yes, you may lose a bit in brokerage fees but the average price you get is much better. Nibbled...

dchua1969

I was quite surprised when one of my followers shared that buying into SPX is boring and has nothing much worthy of bragging rights in social media. Wait, you mean you are buying or selling just because you want to brag? For ego sake ? Value at ?????? Ok, so I am old school and are unlikely to notice stocks like POPMART or Nvidia for that matter. Some of my...

dchua1969

300+ is the profit target for this pair. Risk reward ratio is 1:4.15 if it works out ! As this is much more volatile, it is good that you have a wider SL else you be disappointed to be out of the game too fast! Best of luck and DYODD

dchua1969 Updated 

The red dotted line shown is the weekly bearish trend line that has recently got a break out. You can go to a smaller time frame, the 4H or 1H to find a better entry point. That may be a retracement that offers you a good opportunity to get in. Now, commodity is much more volatile so don't be stingy with your SL , give it a wider margin else you will be...

dchua1969

I am blessed to live in Singapore , a country well known for its stability and peace. Assuming I had invested 100K SGD dollars in US stock market - SPX in Jan 2016 at exchange rate of 1.44 to 1 USD. That means I would have only 69,444 USD available to invest. And if I stayed in the game long enough and say I decide to cash out half of my positions, I am winning...

dchua1969

The fun part of charting is painting across different scenarios and see how it pans out in the near future. If you get it right more often than wrong, it gives you both satisfaction and rewards (financially). Like the saying, there is many ways to slice a fish , be it steamed, fried or charcoal grilled. The same thing for charting - some like to use indicators...

dchua1969

For me, it is a screaming buy. Hear me out. This was in my watch list for a while but I never get a chance to go long as the price keeps climbing up or my funds were tied up with other shares/ETFs, etc. A 50% fall from the peak but what is more important is the parabolic move down, almost 5 straight weeks of 90 degrees plunge down. The sell down seems pretty...