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I just got back from one month of travelling in Eastern Europe, and I’m glad to see some progress on the trade war resolution.

The US and China finally agreed on Phase One of the trade deal on Friday (Dec 13), including immediate cuts on import tariffs.

This is good news for Trump who is now battling impeachment, and with his 2020 reelection campaign coming up, he needs to give voters some small wins.

If this deal was not reached, a new round of tariffs on consumer electronics like cell phones and computers would have kicked in on Sunday.

As a sweetener, the US will also slash in half the 15% tariffs imposed on US$120 billion of Chinese goods that were imposed on Sep 1 previously.

However, existing tariffs of 25% on US$250 billion of Chinese imports would stay in place pending further negotiations on a second phase deal.

In return, China is committing to increasing purchases in four sectors: Agriculture, manufacturing, energy, and services.

In a sign that tensions remain high, Foreign Minister Wang Yi accused the US of “suppressing” China in a number of fields, including the economy, trade and technology and had “seriously damaged the foundation of hard-earned trust between China and the US.”

The US also angered Beijing by backing Hong Kong’s pro-democracy movement and criticising China’s mass detention of mostly Muslim minorities in the northwest region of Xinjiang.

Looking at the chart of the S&P 500, stocks have continued to climb even during the trade war, which shows that the uptrend is still very strong.

Now that we are at the top of the trend channel, we might see some correction to the middle or bottom of the channel.

If there are no major political surprises or escalation of the trade war, then we might even see a Christmas rally before the year end.

Overall, I would be looking to invest in high growth US stocks.

Greetings, fellow traders! 😀

Roughly 3 months ago, I embarked on a 2.5 week trip to Australia, and although the weather was blistering hot, I would say it was well worth the experience.

The main highlight for me was the Australian Open 2019, where I got to see all the legendary tennis players.

I also explored the city of Melbourne, including a trip to Phillip Island to visit the fairy penguins.

I spent a couple of days completing the “Great Ocean Drive”, checking out the famous “12 Apostles” rock formation, and chilling along the beaches.

Lastly, I also visited Tasmania, which included some unique highlights such as the Lavender blooms, Wineglass bay, fruit and oyster farms, Sullivan Cove distillery, and Bruny Island.

Needless to say, my mobile “15 minutes a day” trading system allowed me to continue trading on the go, at any time and any place, so I did end up taking a couple of trades during the trip.

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from the trip, with a brief intro snippet from Wikitravel:

1. Melbourne, Australia

Melbourne, at the head of Port Phillip Bay, is Australia’s second largest city and the capital of the south-eastern state of Victoria.

Serving as Australia’s undisputed cultural capital, Melbourne is bursting with Victorian-era architecture, famed cafés, great bars and restaurants, extensive shopping, museums, galleries, theatres, and large parks and gardens. Its nearly 5-million residents are both multicultural and sports-mad, and the city has year-round festivals, sporting events and the best of Australian culture on display.

 

2. Australian Open

The Australian Open is a tennis tournament held annually over the last fortnight of January in Melbourne, Australia. The tournament is the first of the four Grand Slam tennis events held each year, preceding the French Open, Wimbledon, and the US Open. It features men’s and women’s singles; men’s, women’s, and mixed doubles; junior’s championships; and wheelchair, legends, and exhibition events.

First held in 1905 as the Australasian championships, the Australian Open has grown to become one of the biggest sporting events in the Southern Hemisphere. Nicknamed “the happy slam” and often referred to as the “Grand Slam of Asia/Pacific”, the tournament is the highest attended Grand Slam event.

 

3. Great Ocean Road, Australia

The Great Ocean Road is more than a road – it represents a coastal region of south-west Victoria, Australia, running from Bellarine Peninsula near Geelong to Portland near the border with South Australia. The Great Ocean Road was built as a work project for veterans returning from World War I and was completed in 1932. The core of the Great Ocean Road, highway B100 from Torquay to Allansford near Warrnambool, runs for 243 kilometres.

 

4. Tasmania, Australia

Tasmania is the smallest of Australia’s six states, with an area of 68,401km². It is separated from mainland Australia by the Bass Strait, from New Zealand by the Tasman Sea, and otherwise surrounded by the Southern Ocean. It is located right in the pathway of the notorious “Roaring Forties” winds that encircle the globe.

Most of Tasmania’s population is concentrated around the south east and north coasts. The Midlands (the area between Hobart and Launcestion) is primarily used for agriculture. The Huon Valley and the area between Launceston and Burnie is used for both agriculture and horticulture. The Central Highlands, the West Coast and the South West are all mountainous forested areas, a majority of which are protected inside national parks.


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

Last month, I went for a short trip to the Philippines, firstly to Manila as an invited guest speaker at the Traders Fair Expo, before making my way down to Pico De Loro for some sun and beach. 😀

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from my last trip:


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

In October, I embarked on a 2-week trip with my sister to Ireland, Iceland and the UK, and it was an amazing trip! 😀

In 2 days, I will be going for another 2-week trip, this time covering Dubai, South Africa and Lesotho. (Yes, this is a country!)

Of course, I will continue trading as I travel, and continue supporting my students and traders. Stay tuned for my market updates!

To see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

 

Here are some photos from my last trip:

fb-album-ireland-iceland-uk


Once again, to see the full photo albums for this trip, please visit: https://synapsetrading.com/travel-log/

Enjoy! 😀

After trading and travelling to 48 countries across the world, I realised that it is actually not very difficult to trade on the go, since in most countries you can get wifi or buy a data plan, so as long you have your mobile phone, you can easily place trades as you move along.

2016-07-10 10.20.49

 

Here are some useful and practical tips I have picked up along the way:

1. MAKE SURE YOU HAVE A GOOD INTERNET CONNECTION

This is a no-brainer, as the last you want is to be left handing with no internet after entering some trades, and not being able to input your stoploss and targets. Don’t forget to take full advantage of Wifi hotspots at hotels and cafes, or even better, purchase a local SIM card and data plan.

If you have intermittent access to the internet, perhaps because of flights, then make sure you always have a stoploss in place for all your trades.

2. FOCUS ON A HANDFUL OF SETUPS AND PRODUCTS

Since you don’t want to spend too much time browsing the markets, it is a good idea to prepare a simple watchlist beforehand. For me, I usually focus on about 20+ forex/commodity pairs, so that I can scroll through all of them quickly in a few minutes with my mobile phone to look for any good trading opportunities.

And since I won’t be taking many trades, I can choose the best of the best trades, which means that I can focus only the very best setups that I see. When you see an AWESOME setup, it should jump out of the chart and right in your face, and you should feel the rush of adrenaline and excitement to take the trade. If you have to squint at the chart and think thrice about whether it is a good trade, then I would suggest you just let it go.

3. USE A LARGER TIMEFRAME TO PLACE YOUR TRADES

If you are on the move, then obviously you won’t have time to be staring at the charts all day, which means you should not be using smaller timeframe charts like the 5-minute or 15-minute charts. Actually, I won’t recommend using anything less than a 1-hour timeframe.

By using longer timeframes (1-hour, 4-hour, daily), it means that you only need to check the charts at very infrequent intervals, such as every hour, every 4 hours, or once a day. This way, you do not have to constantly worry or stress about your positions, because your stops will naturally be wider (and your positions smaller), so you do not have to worry about the smaller market fluctuations.

4. DO NOT SPEND MORE THAN 15 MINUTES A DAY

Since you do not have to constantly monitor the market, this means that you only have to periodically check and update your positions. You can easily do this by utilising the “wasted” pockets of time that you have throughout the day.

For example, when you are waiting for a bus/taxi/mrt/plane/train, or waiting for your ordered food to arrive, instead of playing some mindless mobile app game or reading random articles of facebook, why not open up your trading app and place some trades instead? This way, you can make some additional income with your spare pockets of time.

5. LEVERAGE ON A GOOD NETWORK OF TRADERS

Lastly, by leveraging on other good traders, you can learn from their trades and hone your skills as a trader.

You can check out our private communities and trading signals here: https://synapsetrading.com/the-synapse-program/

See you soon! 😀

 

P.S. For my full travel photo log and list of countries travelled, please visit: https://synapsetrading.com/travel-log/