dericksim

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Joined singapore
Markets Allocation
38 % forex 5 % stocks 57 % other
Top Mentioned Symbols
GBPUSD 27% | 10 USOIL 21% | 8 US30USD 13% | 5 EURUSD 10% | 4
dericksim dericksim BA, D, Short
BA: BOEING
40 0 3
BA, D Short
BOEING

as mentioned, this is one airplane that has went too high. No indicator to measure on big time frame. so switch to 1min and apply the same method. stop loss 246.10. point of entry highlighted by arrow. https://www.tradingview.com/x/cWqRTnks/

dericksim dericksim US30USD, D,
US30USD: DJIA lifted by BOEING
7 0 1
US30USD, D
DJIA lifted by BOEING

Yesterday was a good run for DJIA with all eyes focused on BOEING. I believe that the dream liner has almost reached terminal altitude with daily RSI at 91, weekly and monthly all above 80. Is there an ejection seat for BOEING? Just updating the same daily charts. DJIA is stuck in this super tight channel, break to either side we have to see. (my view is: ...

dericksim dericksim XAUUSD, M,
XAUUSD: XAU
31 0 5
XAUUSD, M
XAU

For those into the yellow metal the picture is not pretty. I think it can still hobble on till next year. Whatever the case is, just beware of aware. Monthly chart so the movements will definitely not be in 10s. A small rebound could already yield 100 if it does break down. https://www.tradingview.com/x/KwzxWjG0/

dericksim dericksim SHCOMP, D,
SHCOMP: Shanghai Dolly
21 0 7
SHCOMP, D
Shanghai Dolly

it's scary when every single chart you see has the knife at the throat. Trade with care and enjoy the volatility! Recoil to gain strength for the next wave ~35/600 https://www.tradingview.com/x/2H0is3OJ/

dericksim dericksim US30USD, D,
US30USD: updates on DJIA
18 0 5
US30USD, D
updates on DJIA

I'll let the picture to do the talking https://www.tradingview.com/x/zWvd19Rf/

dericksim dericksim JPM, W,
JPM: JPMorgan/Trend/MACD/Technical Analysis
21 0 4
JPM, W
JPMorgan/Trend/MACD/Technical Analysis

There is an old saying among technicians that the trend is your friend. Obey the trend and it shall not fail you. The tough part is : no one really defined what a trend is and they would usually end the conversation with "that is the million/billion/trillion/gazillion dollar question". There are even more people out there that liked to associate technical analysis ...

dericksim dericksim US30USD, D,
US30USD: same same but different
6 0 5
US30USD, D
same same but different

3 possible support lines for DJIA. it should be a zone but used a straight line instead for easy viewing. +/-100points for the zone. 1st wave should hit the upper zone and rebound, 2nd wave will hit 2nd zone the followed by last wave till the bottom. I seriously do not think that the final zone will be broken as weekly and monthly charts are still very good. There ...

dericksim dericksim US30USD, 15,
US30USD: DJIA Follow up
11 0 7
US30USD, 15
DJIA Follow up

I think we are pretty close to the euphoric zone inspired by Yellen. MACD on daily chart should produce a gold cross tonight or tomorrow morning. I have doubts that this cross will materialize as it is still possible to uncross it within 2 candles. Market reaction will be violent and depending on hourly chart and above will be too late. Managing my risks using the ...

dericksim dericksim US30USD, D,
US30USD: DJIA movement
14 0 6
US30USD, D
DJIA movement

my prediction of DJIA movement based on MACD movement. By 2nd week of July, support zone will moved from current 20800 region to 21000 and above. By August it will reach the current base that is being formed here. Even with a toppish market the tendency is still towards the upside as the market is and will not be easily convinced that it is a peak. Trade with care ...

dericksim dericksim USOIL, W,
USOIL: USOIL
44 2 3
USOIL, W
USOIL

From the weekly chart, MACD is about to make a gold cross above zero very soon. A proper cross on weekly chart should yield at least $20 (from recent low of ~40 we should see ~60). I expect it to hit RSI70, consolidate (sideways: market will not let you buy cheap again) before heading to RSI80 level. This should bring us to the $70-80 region; which is another $20 ...

dericksim dericksim EURUSD, M,
EURUSD: EURUSD
30 0 4
EURUSD, M
EURUSD

Options expiring 9/19 so there will be some interesting development coming soon. From the monthly chart, it has been stuck in the channel for the longest time. Upper band is 1.1346 and lower band is 1.0827 and equilibrium is 1.1087. 1.15-1.16 is the area to watch where the bulls and bears fight it out. Anything below this level the bears have the upper hand. The ...

dericksim dericksim EURUSD, 240,
EURUSD: EURUSD
24 0 4
EURUSD, 240
EURUSD

For those waiting to short the Euro, don't even bother with the daily chart. 4H chart running out of space for another leg down. For the past 3 candles, since MACD produced a dead cross has there been any effect to the price? Just wait for a couple more candles for the indicators to adjust and the uptrend should resume. Whether the trend can hold, just look at RSI ...

dericksim dericksim GBPUSD, D,
GBPUSD: GBPUSD
22 0 5
GBPUSD, D
GBPUSD

what and where the market is fighting over. easy to see at a glance. gap covering? Wait till the gates are crashed through. Be very careful when MACD goes above zero; that is when the party is about to end. As of now it has yet to start. https://www.tradingview.com/x/M8oHfCgT/

dericksim dericksim XAUUSD, M,
XAUUSD: XAUUSD
61 0 3
XAUUSD, M
XAUUSD

This wave on the monthly chart is pretty much done. There could be a spur to $1400 but the magnitude of this move has been achieved on the monthly chart. There will be another wave of consolidation for the indicators to rest and return to normal. Impossible to run a marathon 2.47% with Usain Bolt's speed. With the consolidation one will need to manage ...

dericksim dericksim SHCOMP, M,
SHCOMP: Shanghai Dolly
17 0 2
SHCOMP, M
Shanghai Dolly

On weekly basis, we are already 21 bars into weekly MACD cross, another 5 more to go. We shall see how the market behaves. weekly and daily RSI 50 is at almost the same level of 3013. If Market is kind enough to give a retrace this could be a good reference point of entry. Can consider taking ALL or 80% profits once index hits 3400. On the HK front, the ShenZhen ...

dericksim dericksim USOIL, D,
USOIL: USOIL
43 3 5
USOIL, D
USOIL

sideway movement for now. WTI albeit the strong rebound, it is difficult for it to move above 51 for now. conditions are not so favorable on weekly chart. trade with care as it is easiest to loose focus during sideways market and loose back hard earned profits during this time. Whilst I may be wrong; I think it would be prudent to follow the 4H charts and 1H ...

dericksim dericksim EURUSD, W,
EURUSD: EURUSD market to decide soon.
32 0 3
EURUSD, W
EURUSD market to decide soon.

In the event of a successful breakout, I would target RSI70. Whether this target can be reached, I will monitor it from 4H chart. MACD is almost in place, with a successful cross, my expectation is for 3-5 candles of rally before everything fizzles out again. https://www.tradingview.com/x/LVxzDEA1/

dericksim dericksim EURUSD, W,
EURUSD: EURUSD movement
27 0 3
EURUSD, W
EURUSD movement

Based on weekly chart, it is about time for the market to choose a direction. MACD has 1 leg in Heaven and the other in Hell. With the shorter Leg in Hell, it would require less momentum to pull it back. Who will win, we shall see. https://www.tradingview.com/x/9VnzOSkk/

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