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Hands-free Trading by the Bay: Small Forex Profit, US Markets Dip on Open

Today, I spent the day with some friends who came back from the US, and we went to take a tour of the magnificent “Gardens by the Bay”.

There wasn’t much trading to be done, so I just did 2 quick HFT Forex trades, and netted a small profit of $546.

EUR/AUD has run into strong resistance, while NZD is resting on strong support.

The US markets looked toppish on open, presenting a good short opportunity.

This looks like a rather nice place, perhaps I might come here to trade more often during the day. See you there! 😀

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Warning Signs for Global Equity Markets

Looking at the global equity markets, the long-term outlook does not seem that good. The Dow is trading in a range, meaning it will likely continue to head up to test the prior high, as mentioned in the previous post here:
http://synapsetrading.com/2013/10/price-action-trading-dow-jones-index-equilibrium-trading/

The S&P 500 on the big picture looks ike it is forming a wedge kind of pattern, suggesting an underlying psychology of toppish behavior. This, coupled, with a long-term channel line, does not bode well for the next few weeks to come. We shall see.

Announcement:
Last 3 days for the Synapse Program Early Bird Promotion!
Reserve your seat early to save $500 and avoid the long waiting list.
http://synapsetrading.com/the-synapse-program/

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Free Trading Seminar | Market Outlook: How to Read Charts in 15 Seconds

Yesterday, we had another full house session for our market outlook, and it was a fruitful one with all the sharing and discussion on the markets. Here are some of the charts we discussed, I will be posting the detailed analysis of them in the private synapse forum.

For all those who signed up for our new mentoring program on the spot, you can start joining in the forum discussions, and I look forward to seeing you during the December class. For those still deciding, do make up your mind quickly before the early bird discount ends in the next 5 days. Seats are filling fast, and the next intake might be many months later, so act fast to avoid disappointment!

Mentoring Program details:
http://synapsetrading.com/the-synapse-program/
http://synapsetrading.com/wp-content/uploads/2013/04/Course-Outline.pdf

2013-10-24 19.09.01

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Dow Jones Index – Equilibrium Trading

In the last workshop and market outlook seminar, we had a chance to briefly touch on the US markets, and within seconds I was able to decipher the direction based on price behavior.

This was also partly the reason why I took my profits on the EUR/USD and Gold shorts as mentioned a few posts back; true enough there was a sudden plunge in the USD, affecting all the majors, and causing the EUR/USD and Gold to spike up.

This looks poised to carry on pushing up to test the prior swing high, with a one-bar flag in the middle of the equilibrium range. I will be following up on this during the next market outlook seminar.

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Where will the US markets head next? And how will this affect the local markets?
I will be sharing my latest analysis here: https://www.eventbrite.sg/event/8521073761

Real Trading Skills Seminar | Live Sharing Session & Market Outlook

Yesterday, we had another great live sharing session and market outlook, where we followed-up from the previous session 2 weeks ago:
http://synapsetrading.com/2013/09/weekly-market-outlook-sti-correction-brewing/

In the last session, the focus was on the FOMC and interest rates; now the focus is on the debt ceiling and the new deadline: October 17. 2 weeks ago, we called for a short on the STI and the Us markets. You can check out what happened after that.

We had a discussion on many SGX counters, and I shared my top picks with all who attended this session. We also discussed the EUR/USD and Gold, which I will be sharing more tomorrow. Hint: I am heavily short on both.

After the session, I had dinner and drinks with two fund managers who came by from Vietnam to attend this session. Those who attended this session would have seen them in the front row. Needless to say, I will be seeing them in my next mentoring program intake.

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For those who are still deciding about the mentoring program, do decide soon before seats runs out. The early bird promotion will end this month.
http://synapsetrading.com/the-synapse-program/

For more detailed LIVE analysis and stock picks, join us for our next sharing session.
https://www.eventbrite.sg/event/8521073761