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With the Wuhan Coronavirus scare in the past 1-2 months, the stock markets have been cautiously bullish, but it somehow feels that the market is still in risk-off mode.

Currencies like the EUR have been weakening, whereas “safe haven” assets like USD, Gold and Bitcoin have been very bullish.

Here are some of the trade signals taken from our private “Synapse Network”, which we post daily for our members:

 

Weakness in the Euro (EUR)

Based on the currency strength meter, we can see that Gold and Bitcoin are the strongest, whereas EUR is the weakest.

Hence shorting EUR against the USD and against the CHF were very profitable trades for us.

 

Strength in the US Dollar (USD)

We managed to identify early the breakout of USD against the Singapore dollar (SGD), giving us a very good early entry and the ability to hold (or even add!) onto the trade and ride profits confidently.

This lead to a windfall trade of 400+ profits just from this one trade!

 

The Rise of Bitcoin (BTC/USD)

At the start of the year we identified the emerging strength of Bitcoin, and advised everyone to get in early before the real price movement starts.

At that time, price was only $8,000+, and since then, price has surged up to $10,000+, giving a minimal 20% ROI for this trade, and it’s just the start of the year!

If you would like to avoid missing out on any of such awesome trades (which we deliver on a daily basis), then you should definitely check out our training program & trading signals bundle:
https://synapsetrading.com/the-synapse-program/

See you on the inside!

This week, we took some forex short positions on the Yen crosses, and soon after we took half profits on our positions, locking in US$654.75 in one day of trading!

Just in time to cover the costs of my next trip, which I will be revealing soon in  my next post! Stay tuned! 😀

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Last week, during my army ICT (in-camp training), I made some trades via my mobile phone, while supporting my students in the Forex Live Chat group, and I managed to make a neat profit of $4500 over 4 days.

Here are the transparent results and trade records:

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As mentioned in my previous post, I stuck to my trading plan for the day, which was to stick with the trend until I spot the reversal pivotal points. I went long on the EUR/USD in the early part of the day, netting about $3,000. I got out a bit too early, as the price behaviour did not feel right.

I went for dinner and waited for the right moment until I could be certain of the reversal turning point, then I struck without hesitation. I shorted EUR/USD, EUR/JPY and GBP/JPY, making about $4,000 in less than 30 mins.

Since there was no more news for the day, I decided to call it an early night.

Note to Mentoring Program Graduates:
Whether you are trading forex or stocks, the setups are almost the same. I tend to post more forex setups because they occur more frequently on an intraday basis, while stocks tend to move slower. Study the forex chart setups I post in the forum to get a better understanding of how to identify them on the stock charts.

A quick follow-up from yesterday on the short trade I mentioned in my previous post. I shorted after the spike up once I saw weakness in the price behaviour. It was evident to me even without any indicators. Currently, it is 43 ticks in the money with 10 lots, which is roughly SGD 5,000+ in one night. 

One good trade a day is more than sufficient for a good trader, the question is whether you have the skills required to find that one good trade a day by reading the charts. What is the point of having a scanner that spits out 10 “good picks” a day when you only have the time and resources to make one or two trades a day?