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How Will Brexit Affect the Various Markets?

Last week, there was much turmoil and excitement in the market. Fortunes were made and lost. And many markets spiked strongly, hitting record new highs or lows.

The pound has crashed more than 12%.

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Gold rose more than 5% in a day:

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And Oil has started to tip under the 20-EMA (daily chart):

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The ASOS site crashed as too many shoppers started to buy on the cheap pound.a

Fox news network wrongly reports that the UK has left the United Nations:

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It seems that almost anything that deals in pounds or derives revenues from the UK is at risk of being dumped. For example, Comfortdelgro runs bus and taxi services in the UK, deriving more than 20% of its operating profit there.

The STI has rolled over on the daily chart, and is convincingly under the 20-EMA.
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But on the multi-year chart, if we zoom out a lot we see it has quite a bit of room to move down before it can be considered a bargain buy. I’ve talked about it in my previous workshops, when I showcase my 30-year forecasting chart for long-term investors.

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There’s a lot of talk about the Brexit being a financial snowball that will end in financial mayhem. There are also people on the internet talking about a huge correction in real estate prices in Singapore:

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Overall, I’m glad I stayed out of the Brexit and closed all my positions prior to the Brexit (last wednesday!). Having announced it on my private “live” chat to my program graduates, I sat back and calmly watched the world burn. Just kidding! 😀

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What’s clear to me is that although the charts look a little ugly at the moment, the STI is still not undervalued.

For example, China Aviation still remains sky high, after having taken profit on a 5.83 R/R trade (meaning I made 5.8 times of what I risked for the trade):

Here’s the screengrab of when I took the trade,

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And where it ended up last Friday. Looks like a really nice bounce setup but that’s for another time.

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For now, since most charts are kind of messy and prices and in the middle of the spike range, I will be focusing more in intraday scalping trades to have consistent income even during such volatile times.

This is a defensive play, so instead of going for big wins, I am going for many small wins instead. Good luck!

 

Sources:
http://www.telesurtv.net/english/analysis/Trump-and-4-Other-Crazy-Things-That-Happened-over-Brexit-20160624-0026.html
http://sbr.com.sg/residential-property/in-focus/here%E2%80%99s-why-brexit-bad-news-singapore-property

Back from my Holidays – Made a Killing in STI, Oil & AUD/USD! $$$

I’m finally back from my holiday! 😀

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Before leaving for my holidays last week, I conducted a monthly workshop, where I shared some of the best trading opportunities for the week that I would be away.

Some of them included going long on the STI (Stratits Times Index), going long on Crude Oil, and going long on the AUD/USD.

 

DAILY TRADE ALERTS:

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GOING LONG ON THE STRAITS TIMES INDEX (STI)

Amazingly, we managed to go long on the STI at the exact turning point, and almost immediately, the STI rocketed 75 points within the next few days. How did we managed to spot the turning point with such uncanny precision?

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GOING LONG ON CRUDE OIL

Crude oil prices soared on hopes of the talks, and applying the “buy on rumour, sell on news” principle, we managed to take our profits near the high before the talks. Eventually, the talks did not turn out well and prices gapped down.

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LONG POSITION ON AUD/USD

We are still holding onto this position to ride it for a larger profit. 😀

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HOW DID I MANAGE TO DO IT??!??!

If you would like to find out how I manage to make money consistently from the markets with 15 minutes a day using just my mobile phone from anywhere in the world, join me for a free training workshop next week: http://synapsetrading.com/events/training-workshops/

See you there! 😀

First Sharing Session in Chinese – Full-house Event with over 130 Registrants!

Last week, I paired up with my friend Rieve to conduct our very first sharing session in Chinese, and it was a great full-house event!

Following our LIVE! radio feature, there was an over-whelming registration for this session, with over 130 people messaging and calling in to register without a few hours.

Due to the limited number of seats, we could only allow the first 80 to register, but we will be having another session next week on 29 May 2015, to cater for those who missed it the first round.

If you are keen to attend this sharing session in Chinese, or want to attend The Synapse Program in Chinese (6 & 7 June 2015), please drop us an email at info@synapsetrading.com.

Thanks, and see you there! 😀

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Guest Speaker & Panelist at SGX Active Traders Conference 2015

I am honoured to be invited as one of the distinguished speakers and panelists selected to represent SGX for this major event.

I will be sharing on swing trading strategies, with real market case studies, to show how I built a monthly 5-figure passive income portfolio with just 15 minutes a day.

See you there! 😀

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Straits Times Index – Looks Like it is Finally Time…

As mentioned in my last seminar, I have been waiting patiently for this to happen.

And now it has. 😀

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