Market analysis and insights on Forex & Commodities!

Latest Forex & Crypto Trades Updates: ETH, NEO, AUD – All in the Money!

In my last workshop, during the live market analysis segment, I picked out a handful of trading opportunities, which I later shared in my FREE FB Group as well.

 

 

 

 

Here are some other trade calls made by me and my trainer inside the forum on Cryptocurrencies.

We hope that last week was an excellent week of profits for you too, and let’s get ready to hustle this week as well! 😀

Market Analysis & Follow-up: Gold, USD/CHF, Bitcoin, S&P 500, etc

Recently, there has been quite some movement in the markets on various asset classes, and we have been following them closely.

In my last “Trading Foundation Workshop”, I gave 2 live calls, namely to go long on the USD/CHF, and short on Gold. Here are some charts:

A nice double-bottom breakout pullback shows good odds of a reversal

Turning down after hitting strong resistance

 

In my workshop last night for my TMP graduates, our analysis revealed that there was much strength in EUR & GBP, while there was weakness in CAD, CHF, JPY, and especially AUD and NZD. This means that if you follow the trend, the odds are good for going long on most EUR and GBP crosses.

Break of trendline followed by break of resistance levels

 

Last Saturday, during my talk at the “ShowFX Asia Conference” at MBS, I also shared some analysis on Bitcoin and its direction, and why I think it will continue to head up.

Glad to share the stage with fellow speaker Stuart McPhee, who is a famous Australian trainer who used to train for OANDA. #showfxasia

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

Lastly, for the S&P 500, many people have been calling for a big crash based on the “10-year October cycle”, but the price has continued to defy gravity and kept on drifting up. However, based on chart, I think it will take one of these 2 possible paths. Either way, the reward vs. risk is not ideal for taking long-term long positions now.

Note: the red bar denotes the month of October

I hope you have managed to catch some of these exciting moves in the market, and till we meet again, trade safe, and remember to follow all the cardinal rules of trading.

Cheers!

Picking the Bottom for Bitcoin & Ethereum – When to Buy?

Recently, Bitcoin prices have crossed $4,800, and year-to-date, its price has surged nearly 400%, making it one of the best investments for the year. And it is not alone.

Other cryptocurrencies, such as Ethereum, have also been making new highs, and many more new products are hitting the market every day.

Which is why many of my friends, followers, and students have been asking me a lot about theses products, and most importantly, “when is a good time to buy?”

 

Sharing live on #cryptocurrencies like #bitcoin and #ethereum 😄 Are you ready for the next big thing? #visionaryinvesting

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

When I first started trading, I was mainly doing stocks and CFDs, and I developed my “15 minutes a day” price action strategies for these. And as I expanded to new markets, I was pleasantly surprised to find that the same strategies worked perfectly well. To date, I have used them successfully on forex, futures, options, and most recently, on cryptocurrencies.

This means that for a new product like Bitcoin, which behaves very similarly to IPO stocks or some less popular penny stocks, its behavior can be best understood by studying its underlying price behaviour.

Many people who take one look at its prior meteoric rise will immediately come to the conclusion that is it near its high and too late to buy. But many people probably thought the same way about Apple and Tesla’s stock a few years back.

Hands-on analysis and study of Bitcoin chart for precise timing (at my new cafe)

 

This means that there is potential for cryptocurrencies to go much higher, but how do we time our entry into something that is moving so fast?

Turns out we do have the perfect strategy for that, which is similar to the strategy we use to enter fast-moving counters in times of a strong trend. In fact, I pointed this out using the chart of Bitcoin during my last few workshops, and also at Invest Fair.

Snippet from the “Synapse Network” private forum (posted 24 August 2017)

 

Bitcoin chart today (04 September 2017)

 

How far can this trend continue to run?

To be honest, no one can really tell, but all I know is that whenever there is a good buying opportunity, I will continue to add more positions to ride this strong trend until it ends. And when it does, I will get ready to short it down as well. 😀

But that is a story for another post.

Till then, trade safe, and aim big. Cheers!

An Exciting Week of Trades – AUD/CHF, EUR/USD, NZD/USD, etc!

Last week, we had some pretty decent trades in, netting close to US$2,000 in profits for a handful of quick trades, riding on the strength of the USD after the FOMC.


 

Also took the chance to check out my new house:

 

For those who are keen to join our private network for timely trade calls, you can reserve your spot here, but do so early, as we only allow 20 new people to join each quarter!
Register: http://synapsetrading.com/the-synapse-program/

GBP/USD – Predicting the Big Short (And Cashing Out Big Profits on it!)

Last week, the Pound suffered its steepest daily fall of 2017 after a shock election result denied any party a majority in parliament days before Brexit negotiations begin.

Source: The Telegraph

Thankfully, our Synapse Network came fully prepared to profit from this move! 😀

Here is a highlight of the early prediction given by Spencer several days before the sharp plunge:

While waiting to short Gold, we took a short-term long trade to make some quick bucks on the side.

 

If you would like to learn how to make a consistent monthly trading income using as little as 15 minutes a day, come join our closely-knit community of traders!
Check availability: http://synapsetrading.com/the-synapse-program/