Forex Trading | USD/JPY – Will it Really Reach 100?
Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!
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.
Our flagship mentoring program is suitable for both beginners and advanced traders, covering the 4 strategies which I used over the past 15 years to build up my 7-figure personal trading portfolio.
If you're looking for a reputable brokerage that covers all products (SG stocks, US stocks, global stocks, bonds, ETFs, REITs, forex, futures, crypto) and has one of the lowest commissions, this is what I currently use.
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
Trackbacks & Pingbacks
[…] https://synapsetrading.com/usdjpy-will-it-really-reach-100/ https://synapsetrading.com/usdjpy-chance-to-hop-on-the-super-swing/ https://synapsetrading.com/follow-up-on-usdjpy-up-300-pips-since-our-last-call/ […]
[…] 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/ […]
Leave a Reply
Want to join the discussion?Feel free to contribute!