Blog: Market Analysis

This is the first time I made a trade while cycling, and although I made a profitable trade, I would advise against anyone trying it because I almost crashed into a tree during the 15 seconds I was cashing in on my profits. :p

And that was the last time I looked at my charts, because although I “trade for a living”, trading should not be a major part of anyone’s life, as it is simply a means to generate income, but there are other more important things in life, such as friends and family.

The EUR/AUD might have another good breakout soon, and we should be ready to short again when that happens. I am also looking for bullish signs to accumulate more Gold.

After an intense 20km cycling trip with my friends, we ended the day off with a sumptuous meal, complete with desserts. 🙂 Always remember to celebrate the small victories! Cheers!

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

A New Potential Student – Made $$ from Gold Trade

After I posted about my Gold trade I did while watching “The Amazing Spiderman 2” movie, I got a message from a potential student, who was planning to use the profits from this trade to attend my next course.
https://synapsetrading.com/forex-gold-trading-nfp-night-amazing-spiderman/

Thanks for your vote of confidence, and I hope to see you in the next intake! Good luck!

Forex & Gold Trading | NFP Night – The Amazing Spiderman 2

On the Friday NFP night, I was invited by Lim & Tan to their special movie screening event, “The Amazing Spiderman 2”. It was a awesome event with dinner, popcorn and drinks included, and I also met one of my students there!

Unfortunately, the NFP was right smack in the middle of the movie, which meant I could not trade it comfortably at home, but thankfully I managed to enter a quick trade on my phone. I took a major long position in Gold, and although the entry price wasn’t as precise as I wanted it, nevertheless it was still a winning trade, and I only missed 5 minutes of the movie. 🙂

Thanks once again to Lim & Tan for organising this event, and I look forward to the next NFP trading opportunity! Cheers!

Behavioral Analysis Trading | Gold – Accumulation in Progress?

Since the sell-down from the distribution supply zone, which was triggered by the 2B short I posted in the Synapse Network forum, price has been pushed down to the support zone, where the next likely behaviour is to accumulate. This has manifested in a long-tailed pin-bar, a result of professional stop-hunting. I am not too concerned about its exact shape or pattern, as the key idea here is the underlying psychology.

Having flushed out the weak holders, I have taken a long position to catch any upside swing to the targeted zone above. There will be FOMC and NFP later this week, so much volatility is expected. Trade with care, and trade with understanding. Good luck!

SGX Singapore Stocks | SMRT – Hidden Buying Spotted Before 18.5% Gain!