Market analysis, insights and trading ideas on various markets and products!

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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Spencer Li

Intraday Forex Trading | EUR/USD – A Measured Swing of 100+ Pips

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This is a good example of the Swing, with the added measured move technique used to project price. This projection is to to pinpoint the top or bottom, but to ensure that traders do not take profit too early and miss out on the chunk of big moves.

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Spencer Li

Forex Trading | EUR/USD – Club Member’s Profits

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Some club members who attend the course prefer not to listen to the “tips” in the forum, and instead actively look for the daily price behavior setups on their own. These are the one who will learn the fastest, and will soon attain consistency. Even if the lot size is small, it doesn’t matter because even if you only make $100-$200 per trade, 2-3 trades a day can add up to $3-4k. The key focus is consistency. Keep up the good work!

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