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

Spencer Li

Forex Trading | EUR/USD – Eagerly Awaited Longs

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This was a trade I was talking about during my previous seminar, and today in the Synapse Club we were eagerly watching and waiting to take this trade together. Once the signal was triggered, we went in long, and I believe most are in the money now. I will be holding this for a longer-term trade, as I believe that we could see bullish pressure for the next few days. It is good to see that those new members who just joined us (and waiting to attend the March course) are already starting to spot the easy setups. And a big thanks to the senior club members who are helping answer their questions!

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Spencer Li

Forex: Daily Passive Income

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Today, although the market was relatively quiet (US Holiday), and rather erratic in the night (Draghi talking), there were still great opportunities to make a daily passive income from trading the forex markets. Of course, it requires precise market understanding and timing to capture the moves, but it gets easier the more you practice. For those club member who were asking me about position-sizing, the idea is to start small (I started with about $5,000 myself), and slowly build up your capital base and scale up your size. There is nothing wrong with trading small lot sizes until you have gained the confidence like the senior club members. Until then, you have to be contented with earning just $100-$200 a day, and treat it as a disciplined training to hone your skills to prepare you for the day your account becomes huge and you have to trade larger and larger size.

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Spencer Li

Commodities Trading | Follow-up on Gold: Moving As Predicted

 

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For those Gold traders out there, you will know that a $100 movement on Gold is equal to $10,000  profit per lot. That is why being aware of the large moves is very important if you want to catch the big swings in the market.

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Spencer Li

Forex Trading | USD/JPY – Will it Really Reach 100?

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Still extremely bullish since I called for a buy during my January market outlook seminars. I have been buying on dips and selling near the start of pullbacks, since this is a rather easy trade to play. Today was a typical day of scalping and swing trading using the simple setups of behavioral analysis, and as you can see from the picture, I have already taken some profits off the table for the weekend. I have heard from some of our senior club members that the target for banks and funds is 95, 100, and perhaps even 120.

Let’s watch and see, and keep up the good work looking for simple setups every day and don’t be greedy, because even if you only make a few hundred on each trade, you will find that it adds up to a substantial amount at the end of the day. The idea is to be consistent, and strive to take money from the markets daily. For example, when I was reviewing my trade log, I realised that I only had one losing day in the past 2 weeks.

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Spencer Li

Forex Trading | GBP/USD – Is a MEGA Move Coming Soon?

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This is the weekly chart of the GBP/USD, containing an obvious symmetrical triangle pattern which encapsulates the struggles of the bulls and bears for the past few years. This week, we finally saw a potential breakout. If there is confirmation for this setup, we could be in for a fabulous trade of the year.

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