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This week was an awesome week for forex trading, with closed profits of $29,634, and a whooping 100% hitrate! 😀

Congrats to all those following in the LIVE! chat group and “Daily Trade Alerts”, as well as those who attended my recent sharing sessions where I showcased my open positions!

Looking forward to more great trades next week! Cheers!

2015-09-04 21.10.17

2015-09-04 21.09.52

 

Last slot for the training program:

For anyone who is keen, there is one last slot for the training program next weekend, due to someone not being able to make it at the last minute. First-come, first-serve for the last spot!
Register here: https://synapsetrading.com/the-synapse-program/

Last week, I posted this chart in the “Synapse Network” private forum, which flagged out as a bearish SHORT signal.

sse 270715 shanghai stock exchange synapse network

sse 270715 shanghai stock exchange

Today, the market responded with a resounding -8.5% crash in the Shanghai Stock Exchange.

Monday’s plunge was all the more surprising because it followed a government rescue package that had helped drive a 16 percent rally since July 8. That support appeared to vanish without warning, leaving analysts guessing whether authorities shifted their policy stance or just got overwhelmed by a flood of sell orders. Whatever the answer, foreign money managers didn’t stick around to find out: they sold holdings of Shanghai shares for the 13th time in 16 days.

Investors “are concerned and lost,” said Alex Wong, a Hong Kong-based asset-management director at Ample Capital Ltd., which oversees about $155 million. “China’s market is distorted, so you can’t sell short very confidently and you can’t buy up very confidently either.” – Bloomberg

Note to self: Sometimes, all it takes are a few simple tools to identify good trades and precision turning points.

After getting out of this trade last together with the Synapse Network, I checked my trade records and realised what an awesome homerun it was with a whooping 711 pips profit!

The more uncanny thing was that when I look back this week, I realised that we got out near the exact high, because the USD/JPY has now corrected about 400 pips since we took profit!

Such precision timing with behavioral analysis. Next, we will be looking to long again once the pullback has ended. Stay tuned! 😀

On the downside, we got stopped out of our NZD/USD short trade with a 50 pip loss.

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2014-12-05 17.33.47

usdjpy 111214 2

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