Market analysis and insights on Forex & Commodities!

How to Combine Price Action with Multiple Timeframes

One of the simple yet powerful techniques I use to allow me to quickly identify trading opportunities with minimal time and effort (typically 15 minutes a day), is to use this Excel table which combines price action with multiple timeframes.

To create this table, I observe the daily and weekly charts of various products (forex, stocks, cryptocurrencies, commodities, etc), and list down whether I think it is bullish or bearish on each timeframe. For the weekly chart, I only need to update it once a week, and for the daily chart, this takes me a few minutes a day.

Here are some chart examples:

This is the daily chart of the EUR/USD, and you can see that it just completed a pullback and is looking bullish. So under EUR, I mark it as bullish. For most products, I always benchmark them against the USD for easy comparison.

 

This is the weekly chart of the EUR/USD, and you can see that it is also very bullish, and rebounding off a large trendline. With the alignment of both the daily and weekly trends, this make the EUR/USD a very good long trade to be in. And since the GBP is also weak, going long on the EUR/GBP is also a good idea.

 

For the S&P 500, the long-term trend is bullish, but the short-term trend is bearish. In such a scenario, we will pass and wait for more price action. The goal is to take the best trades, not take as many trades as possible. Quality over quantity.

At the start of every week, I will be posting the updated table on the Synapse FB page, with the best trading opportunities for the week. For those who do not have much time to trade, this will be an easy way to find good trades without having to use any complex indicators/software/algorithms.

Follow-up on GBP/AUD Trade – US$2,966 Profits Locked in!

Following up on our major trade call of the week, we have locked in US$2,966 of profits for the week on this one trade, and many of our hardworking forum members have also been doing their homework (15 minutes a day) and reaping the rewards from the markets.

If you are unsure where to start or are unable to achieve consistent profits, join our friendly community in this FREE forum and get started immediately!

Forex Trading Updates: AUD/USD & GBP/AUD

At the start of this week, we made some trade calls in our FREE forum, and today we are reaping some of the profits together! 😀

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!