dchua1969

One thing I notice is the right handle in a Cup and Handle pattern is pretty powerful. Some charts show me an inverted C&H pattern formed followed by a smaller one before it break down further to form a 3rd one (like this chart here). Other times, the right handle will shoot up sky high and distort the whole chart pattern. I still think a 3rd cup is necessary ...

Shortists are pulling their heads now , stay calm. I could be wrong as the price can break the support and continue higher. Trade safely

If you like analysing company financial, read this https://fissionuranium.com/_resources/presentations/FCU_Phenom_Mar_2017_v4.pdf Chart wise, this is what I see now. I am putting it in my watch list and monitor the price action later this week. Have a good trading day.

I picked this up while reading an article recently about commodities cycle turning bullish again. Please do not ask me about the FA of this company as I do not dwell in it. From a chart perspective, this is what I see. The downside from the current price is it may falls to 1.50, all time low. It can also stay there for a long long time and never recover. That is ...

They say selling is a number game. Do you agree? Some may not, I know. They said she gets to where she is because of her looks, family background, etc. Maybe, there is some element of truth. But the true blue salesman know for every rejection he gets, he is closer to the sale. Similarly, in trading, it is your participation in the trade (think of each trade as an ...

I am not saying changing the colour of the candles will definitely make you a better trader. Look, if the time we spent on the chart is x hours per day , multiply by weeks , months and years, that is a lot of X hours combined. Red to some people has a strong, stimulating effect as if it lures you to do something. Think of most fast food restaurants - what colors ...

See the 1.4% spike up? So, if you have missed it, it is OK. No need to kick yourself, swear and blame the whole world or the market for not telling you. Accept it with grace. There would always be some that you would missed in the market unless you are a big timer and can participate in all asset classes. And if this is in your radar and you missed it, stay cool ...

To short against the trend requires skills, lots of it and I am not good nor advocate it. I had tried in the past and had some beginner's luck but to trade based on luck is a lose-lose situation. You never know how soon it will runs out and the risk stacks higher each time you win out of luck. If you look at the chart of AUDUSD, you would notice that it has been ...

Sorry Papa Bulls, step aside. It's our party time, we are taking over. You guys been receiving way too much media than us.

Option 1 :50% FIB level Option 2 : 618 FIB level Option 3 : Pull back from here or in-between Option 4 : Sideway Which would you like ?

Could this 2 inverted Cup & Handle Patterns be forming in process? The first one looks 80% complete with the 2nd one about 40%. What do you think?

Again, this is one of the tool that I used from time to time. You can see the price went below the 100EMA and rebound nicely. Now it sits above the 10, 21 and 100 EMA, a bullish sign to buy. We target 1.95. Best of luck

If the candles pattern play out as it should, then the next candle in DXY should be a nice green candle and XAUUSD would be a red bearish candle. Cross reference that with EURUSD and see if it falls nicely as USDCHF pair begins to climb up. This may take a week or so. Get ready for the greenback's roar!

If this statement is true, then likely most yen pairs would be on sale soon, starting with USDJPY, moving towards 110. Would this follow suit ? Let's see

Notice that each time before the price action goes down, there is a upsurge in price, as if the prisoner is struggling for a last breadth before the execution. Could this be the last one? RIP

If the price action does break out from the wedge pattern, we expect it to fall further towards the blue dotted line. Trade safely.

There are many countries that we know and have heard for years there is a housing bubble. Canada, London, Australia, China, Hong Kong,etc. The price keeps on climbing despite all odds. With the Fed going to hike interest rates soon, would Australia with variable mortgage interest suffer and liquidate their excess properties ? What's the implication to the Aussie ...

The chart shows a descending channel pattern. Twice, the price hit 10,000 price mark (one at 9946) and rebounded strongly. This is a strong support level so sellers beware. It is now at this symmetrical triangle pattern where it can move either way. Wait for breakout and determine the next direction, if unsure, stay and watch price action. Could the South Korean ...