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Guest Speaker at CIMB Securities: The 7 Best-Kept Secrets of Professional Traders

I have been invited by CIMB Securities to give a free 2-hour content-packed workshop to share my trading secrets of how I achieved financial freedom at 27 by spending only 15 minutes a day trading, and how anyone can do it once they pick up the right skills. Seats are very limited, so please turn up if you RSVP! Thanks, and see you there! 😀

guest speaker at cimb securities

 

Registration for FREE tickets:

29th January 2015 (Thursday) at CIMB Securities
https://www.eventbrite.sg/e/free-workshop-the-7-best-kept-secrets-of-professional-traders-live-tickets-15386480377

Click here to find out more about the free workshop syllabus (and get a free starter guide):
http://synapsetrading.com/free-workshop-7-best-kept-secrets-professional-traders-live/

HFT Forex Trading | EUR/CHF – When was the last time you saw a 2315 pip plunge?

Just yesterday, the Swiss National Bank (SMB) unexpectedly announced that it was ending its minimum exchange rate of 1.20 swiss franc per euro, dropping this bombshell just a week before the ECB’s expected announcement of quantitative easing.

In addition, they also announced the lowering of the interest rate on deposit account balances that exceeded a given exemption threshold, from -0.25% to -0.75%.

The SNB noted the end of solidarity was one reason to discontinue the cap, saying division is “a trend that is likely to become even more pronounced.” As the Fed readies to tighten monetary policy, deflationary forces mean the ECB is looking to ease anew. The Bank of Japan has already done so.

The SNB had imposed the floor limit in 2011 during the height of the Eurozone debt crisis as the franc strengthened considerably in that period, raising the risk of deflation in the country. Following that, EUR/CHF has hovered around 1.20 for more than three years, never having risen above 1.25 in that period.

 

Euro dollar vs. Swiss France

Euro dollar vs. Swiss France

 

However, a weak Eurozone economy, plus the ECB’s constant stimulus measures, caused the euro to weaken significantly in the past year, which has forced the SNB had to continuously depreciate their Swiss franc to maintain the floor limit. But Switzerland has no need for monetary stimulus. While it has been hit by the dire straits of the Euro-area, its economy is not in too bad a state and does not require any boost from the central bank.

To have conducted stimulus when there is no need to, the SNB risks the huge possibilities of high inflation and major price distortion. This has been made worse by Russia’s recent troubles, which saw a huge demand for Swiss francs by Russian billionaires.

The removal of the 1.20 floor is probably a strong signal that the ECB will announce some form of QE in next week’s monetary statement. The SNB has probably judged that Switzerland’s economy cannot afford to run the risks of price distortions brought about by the ECB’s QE and has chosen to abolish the floor limit to negate this risk.

 

EUR/CHF - Crazy plunge of 2315 pips!

EUR/CHF – Crazy plunge of 2315 pips!

 

Some food for thought after the 1.20 EUR/CHF floor removal

  • After much sharp movements (see chart above) which included a spike down followed by a bounce, the market appears to think that the fair value for EUR/CHF is around 1.00.
  • Virtually every position which was long USD/CHF was margin-called.
  • Most macro hedge funds, which were long EUR/CHF, were crushed.
  • How much of the SNB’s credibility has been hit? Switzerland has long had a reputation of financial stability; in fact two days ago it just reaffirmed its commitment to keep the floor limit. The shocker yesterday may test the trustworthiness of the Swiss banking system.
  • Currency supremacy war? The US dollar had no competition at the start of the year for the running of best-performing currency in 2015. With a freely-traded franc, that conclusion suddenly doesn’t look so assured.
  • Will Hong Kong be next in breaking its peg with the USD? A rising USD has caused the value of the HKD to climb unnecessarily; previously a weak USD (and hence HKD) plus fund flows from China drove property prices in HK to extremely high levels.
  • How badly will Switzerland’s export-oriented economy be hit?

Christmas Season – Shopping my Pips Away :D

Today, after my weekly massage session, I decided to spend the day shopping for my Christmas party supplies and gifts.

I also chanced upon the filming of a commercial/show by a local celebrity, and noticed that there were many street buskers plying their trade along the busy street.

When I reached home, I realised that my orders for EUR/USD and GBP/USD had been triggered, with profits of 102 and 84 pips respectively.

A big thanks to these 2 trades, for sponsoring my festive splurging. 😀

Good luck for the remaining few trading days, and don’t forget to splurge a little!

Here's the damage for today :D

Here’s the damage for today 😀

Guess who I saw literally picking up girls at Orchard :P

Guess who I saw literally picking up girls at Orchard 😛

Acrobatic kids from China busking

Acrobatic kids from China busking

HFT Forex Trading | EUR/USD - 102 pips profit!

HFT Forex Trading | EUR/USD – 102 pips profit!

HFT Forex Trading | GBP/USD - 84 pips profit!

HFT Forex Trading | GBP/USD – 84 pips profit!

 

Travel & Lifestyle! | Hands-Free Trading (HFT) World Tour! – Iguazu Falls

“Iguazu Falls are waterfalls of the Iguazu River on the border of the Argentina province of Misiones and the Brazilian state of Paraná. The falls divide the river into the upper and lower Iguazu.

The Iguazu River rises near the city of Curitiba. For most of its course, the river flows through Brazil, however, most of the falls are on the Argentine side. Below its confluence with the San Antonio River, the Iguazu River forms the boundary between Argentina and Brazil.”

– Wikitravel

A57A9453

2014-09-19 12.19.16

2014-09-18 15.29.27

2014-09-18 14.33.43

2014-09-18 13.21.39

2014-09-18 12.28.30

2014-09-18 13.18.23

Synapse HFT Stock Scanner | Offshore & Marine Stocks – Did You Trade These with Us?

Recently, with the decline in oil prices, there have been many excellent shorting opportunities for O&M (offshore & marine counters), which was also a good test of the robustness and accuracy of the Synapse HFT Stock Scanner.

Congrats to those who those first movers who have starting using the software and profited handsomely from this! There will be more to come. Stay tuned! 😀

Ezra - A 44% and 28.5% profit respectively!

Ezra – A 44% and 28.5% profit respectively!

Ezion - A 25.6% profit!

Ezion – A 25.6% profit!

Swiber - Profits of 39.5%, 32.5% & 16.1% respectively!

Swiber – Profits of 39.5%, 32.5% & 16.1% respectively!

Keppel  - A 10.3% profit!

Keppel – A 10.3% profit!

Semb Marine - A 22.6% and 12.3% profit respectively!

Semb Marine – A 22.6% and 12.3% profit respectively!

For more details about the Synapse HFT Stock Scanner, please click here:
http://synapsetrading.com/the-synapse-hft-stock-scanner/