Spencer Li

Another 58 Ticks on the EUR/USD + Views on the SG Market

SG Market

Recently the stock markets have been rather unpredictable, surging one way on political news and flipping the other way when new statements are released. For example, gold plunged over $30 in just under 5 minutes, dragging the EUR and other currencies down. Later that same night, “positive statements” regarding the fiscal cliff fiasco gave markets a sentiment boost, which has carried on today.

I was bearish on the Singapore markets, but I have liquidated my shorts for a small profit and now watching on the sidelines. I am ready to flip based on the price action. It doesn’t matter whether it’s long or short, as long as I am on the winning side. In the mean time, I am putting my skills to good use by consistently building up my capital in the forex markets, so that I will be ready when the move in the stock market comes.

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Spencer Li

Important Announcement: Facebook Policy Changes

Important Announcement

We’ve been informed by our fans that Facebook has made some changes to FanPages lately, restricting the visibility of posts made by all FanPages like ours. We are now required to pay for the visibility of posted content, even if you have signed up to see these posts by liking our Page. If a post is not promoted, it will be seen by only around 10-15% of the Page’s followers.

How to Continue Receiving Updates

Here are some easy steps to make sure that you don’t miss out on our updates:

1. Go to our page. www.facebook.com/synapsetrading
2. Hover over the ‘Liked’ button and select ‘Get Notifications’ & ‘Show in News Feed’
3. Add us to the ‘Interests List’ in that same drop down menu
4. ‘LIKE’ this post to make sure that your friends, who may not have seen this, know about it!

We’re so grateful for all your support thus far and we look forward to seeing you at our upcoming events!

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Spencer Li

Intraday Forex Trading | A Quick Punt of 45 Pips on the EUR/USD

Intraday Forex Trading

Saw a nice trend play setting up yesterday and shared it in the forum, but since there was major news coming out, I went in conservatively with 10 lots for a quick punt of 45 ticks.

There is no need for any software or scanner, because all you need are your eyes, and you do not need to track hundreds of products for a good trade. Finding 1 or 2 good trades a day on one product is profitable enough. Do not be greedy because that will backfire. Making consistent profits on one product is better than losing on many products.

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Spencer Li

Forex Trading | 90 Pips Profit on USD/JPY Breakout Play – More to Come?

breakout play

Spotted a nice breakout play on the USD/JPY around 9.56pm yesterday, and immediately shared it with my students after placing my trades.

90 pips

Had to keep shifting my TP because the trend was simply too strong. Decided to take 1/2 of my 90 pips profits and trail the rest. Best not to be too greedy. I already have my final TP in mind, let’s see how far it can run!

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Spencer Li

Intraday Forex Trading | Precision Market Timing: How to Predict the BIG Bounce

Precision Market Timing

Precision market timing refers to making an entry just as the move is about to start. There is nothing magical about it. It simply involves reading the price action and behaviour of the market.

Precision Market Timing 2

In this case, after I went long at 5.47pm, I knew a breakout was coming soon, and true enough, within 30 seconds, price shot up strongly as shorts took profits and the buyers stepped in.

Since this move was sharp and fast, I already knew where my target exit price was – 1.2776. Although it wasn’t at the exact high, it was close enough for me, as price continued the trend down in the next few bars (not shown).

This setup is known as the BIG Bounce, because it involves taking a position against the trend, hence speed is essential.

What is the BIG Bounce about?

When the mark-up and mark-down campaigns are coming to an end, the BIG Boys will deliberately play up market emotions, triggering a strong climatic move to trap unsuspecting greedy or fearful traders, which the BIG Boys use to offload their positions and take profits. This creates a BIG snapback in the opposite direction as trapped traders cut losses and try to get out.

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