Spencer Li

Forex Trading | EUR/USD – Students Trade in 1 Day

The EUR/USD is currently exhibiting Type 2 trend behaviour on the H1 & H4 timeframes, meaning that greater care is need to time your entries and exits. This new trader managed to time it pretty well, shorting the EUR/USD just as it was near the turning point, catching over 90 pips in just 40 minutes.

This trade basically combines behavioral analysis and the important concept of trading zones, which are areas of high probabilities that the Big Players will start stepping in. We can use this to our advantage.

This kind of setup works for all markets as well, and next week, when I give my preview, I will be showing how entry-timing and timely profit-taking works for both stocks and forex to maximise returns. I will also be providing a market outlook on the stock and forex markets, and sharing some exclusive trade ideas which you won’t find on the blog.

If you are interested to find out more, please register here.

Students Trade in 1 Day

Students Trade in 1 Day 2

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Spencer Li

Mega-Event with CMC Markets: Economic Outlook & Trading for a Living

Last Saturday, I completed the final run of “The Art of Market Timing” seminar, and it was a great session. A big thanks to those who were willing to take time off from their Saturday morning, and I’m sure you did not regret it. To those who signed up for the June training program, I look forward to seeing you soon, and a big thanks to my previous graduates for all the referrals.

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Next up, we have a mega-event coming soon, jointly organised by CMC Markets; and it will feature both me and our head trainer Jay, who will kickstart the event by giving us a market outlook. I will conclude the event by sharing more about trading for a living, and the life of a trader. Although the STI Auditorium is big, seats are still limited, so do sign-up quickly to reserve your seats.

After organising so many talks and events, and getting so much media coverage, I must say this is another milestone for Synapse Trading, and we will continue to deliver our down-to-Earth skills training and solid trading techniques. This is just the start of an epic journey, and we have lots more in store, so do join us soon!

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Spencer Li

Forex Trading | GBP/USD – Taking the Trade Together

Recently, there have been some good moves in the stock market, but let’s not forget the forex markets as well. This is a good short trade on the GBP/USD that we did together from start to finish, and I am glad that my students could successfully complete this trade together with me, and I hope these small victories for them will add up and give them more confidence.

In this trade, although they did not manage to capture the full trade, 100 pips on 2 contracts is still about US$2,000, which is still pretty decent for a new trader for a single trade.

Tomorrow morning, on Saturday, I will be having a re-run of the full-house seminar we had last Wednesday – “The Art of Market Timing”, and I hope to take the chance to share more examples which I have prepared. For those who managed to get seats, see you tomorrow!

gbpusd screenshot

2013-05-14 03.31.00

gbpusd screenshot 2

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Spencer Li

Singapore Stocks | Croesus Retail Trust IPO – A Surprise Windfall

Having just returned from reservist, I did a quick review of all my trades and positions, and noticed some interesting observations.

1. USD/JPY hitting our TP
Firstly, the USD/JPY has finally hit 100, after my numerous previous post predicting this magnetic number, and calling for a buy. This is a good milestone to take some profits off the table.

https://synapsetrading.com/more-easy-trades-on-the-usdjpy-buying-with-the-big-boys/
https://synapsetrading.com/usdjpy-nearing-our-predicted-price-target-of-100/
https://synapsetrading.com/follow-up-on-usdjpy-up-300-pips-since-our-last-call/
https://synapsetrading.com/usdjpy-chance-to-hop-on-the-super-swing/
https://synapsetrading.com/usdjpy-will-it-really-reach-100/

 

usdjpy 130513 h4

2. Breakout on the STI and other Blue Chips
There have been breakouts on the Straits Times Index and other bluechips, fortunately we saw it coming and were able to take long positions before the breakouts started.

https://synapsetrading.com/straits-times-index-how-i-predicted-the-breakout/

o32 130513

STI 130513

3. Croesus Retail Trust IPO
This IPO was a surprise windfall for many of us, and personally I’m not a big fan of IPOs, since I don’t have much time to research, but fortunately we were tipped off by one of our trainers. This was a good punt, netting us a quick 20% profit in a single day.

s6nu 130513

s6nu 130513 2

 

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Spencer Li

Trading from the Jungle: Recent Trades

Last week, I was having Army training in camp, so I didn’t have much trades, since I was limited to taking those hands-free trades. Still, it was a pretty good week, as most of my trades turned out well, netting a decent profit for me while I was out in the jungle serving my country. Unfortunately next week I will be having a 4D3N outfield exercise and will not be able to enter new trades, except for my existing positions.

20130320.160430_stsaf

Without further ado, here are some of my trades from last week, starting with some forex trades. I went short on 1 lot of AUD/CAD for 190 pips, raking a profit of US$1884 after price hit my TP while I was away from my screen. I only realised it after one of traders in the network mentioned it in our private forum.

audcad 050513 h4

audcad 220413 h4

 

Genting was an interesting trade, because it first tried to form a classical head-and-shoulders breakout to the wrong side, before triggering our long setup. Our TP of 1.63 was hit after a few strong moves, and price promptly reversed after hitting our TP.

g13 050513

Next week, the STI will drop to test the conviction of weak buyers the coming week, which would provide good entry opportunities for shrewd market-timers. I will be holding onto my shorts on Indofood Agri, as per my previous call to go short. I am looking forward to my next seminar once I return back from my Army training, and I will be able to share more about these recent trades.

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