Spencer Li

Training Program Reviews: “Submitted my Tender for Resignation to Trade Full-time…”

Training Program Reviews

We recently received another email from a student telling us that he has quit his job in a bank to become a full-time trader. He is not the first to do so, and definitely will not be the last.  We are glad that he dared to take the first step to pursue his dreams and passion, and we know that many others have the same dream out there, but are afraid to quit because they do not have the support of other traders and mentors, so they are unconfident of their skills.

We wish him all the best, and hope that he will continue to share and support the new traders, so that one day, they too can pursue their dreams.

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Spencer Li

Forex Trading | Follow-up on GBP/USD: 400+ Pips in the Money

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Following my previous post, the break setup on GBP/USD played out also perfectly as planned, and I went short together with many of the club members. Currently, I am over 400 pips in the money, and I have taken some profit and trailed my stops to breakeven, so that I can ride this risk-free trade for a much larger move down. For the projected TP, refer to the previous posts here:
https://synapsetrading.com/gbpusd-long-term-view-by-club-members/
https://synapsetrading.com/gbpusd-is-a-mega-move-coming-soon/
 

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Spencer Li

Forex Trading | EUR/USD – The Turn on the Daily

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A violation of a major trendline is the first obvious sign of the Turn, which was confirmed by the sharp pullback test after the breakout, forming a long upper shadow and a clearly tell-tale price bar. A rough TP zone would be 1.2650, confluencing with a round number, prior swing support, and a measured move.

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Spencer Li

Forex Trading | USD/JPY – Chance to Hop on The Super Swing

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As mentioned in my previous post, I am still bullish on USD/JPY, and I said many times in various seminars that I will be looking for a chance to buy. This chance came pretty soon after, in the form of a correction followed by tell-tale signs of buyers stepping in (look at those lower shadows!). When the correction was happening, many people started thinking that a reversal was going to take place. I was not worried, and the reason for my confidence was the proven power and reliability of the Swing setup.

Previous post: https://synapsetrading.com/usdjpy-will-it-really-reach-100/

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Spencer Li

Commodities Trading | Gold – Will it Crash if it Breaks the Neckline?

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This is the weekly chart of Gold, which shows an obvious key support level defended by the big players. As I mentioned in my previous seminar, I am pretty certain this level will soon be tested again, but there will be some consolidation near that level as key battles are fought. If the bulls lose, there could be quite significant downside for Gold based on the pattern projection.

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