Blog: Market Analysis

This is the weekly chart of the AUD/USD chart, and price has pulled back nicely to test the key resistance level. This is a crucial pattern on the weekly chart, and I feel that it is a good opportunity for a long-term short, so I have taken my first short position here.

I will continue to watch and monitor for more chances to add on shorts. I will elaborate more this evening during the sharing session. All are welcome to join :]

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.

Singapore Forex Trading | EUR/USD – Delayed NFP Price Surge

The EUR/USD has been pretty quiet for the past few days, hovering near the previous high and awaiting the delayed NFP.

I was monitoring it on the M15 timeframe, and although I missed the initial strong breakout, I waited patiently for a pullback which netted a quick $520 USD profit over the next few hours.

For my exit, I used the T=T profit-taking method to catch the end of the trending move. This coincided perfectly with the short-term top.

With such a strong move, it is likely for the momentum to carry on for the next few days. I will be watching for opportunities either way.

Dow Jones Index – Equilibrium Trading

In the last workshop and market outlook seminar, we had a chance to briefly touch on the US markets, and within seconds I was able to decipher the direction based on price behavior.

This was also partly the reason why I took my profits on the EUR/USD and Gold shorts as mentioned a few posts back; true enough there was a sudden plunge in the USD, affecting all the majors, and causing the EUR/USD and Gold to spike up.

This looks poised to carry on pushing up to test the prior swing high, with a one-bar flag in the middle of the equilibrium range. I will be following up on this during the next market outlook seminar.

Where will the US markets head next? And how will this affect the local markets?
I will be sharing my latest analysis here: https://www.eventbrite.sg/event/8521073761

Forex Trading Strategies | EUR/USD – Shorting In & Out to Build Capital

Following up from the workshop on Monday, and the calls we posted in the synapse forum, we have been making short trades in and out to build up our capital base.

As mentioned, we are bearish on the EUR/USD and Gold, taking multiple short positions and scaling in & out using the intraday charts. This is the most efficient way to build up more capital for our stock trades when the market re-opens tomorrow after the holiday.

As you can see, most of the profits have already been locked in for EUR/USD and Gold, we have saved a small portion of the holdings for our long-term bearish position, but we feel that it would be prudent to lock in most profits before 17th Oct where we foresee large volatility across all markets.

Price Action Trading | Gold – Shorting Near the Exact High Again