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Announcements

This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.

 



I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program

 



Additionally, you can now get access to what I consider to be the best stock options daily trade alert service.

 



Of course, I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.

 



If you do want to follow along with what I am doing every day you can get access to my daily stock market report 

 

 

You can read the step-by-step Bollinger Band Trading Strategy Guide - this is my main active trading strategy



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

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Blogs

Phil Newton's picture

What gives!

I've spent a lot of time over the last few days running through all my trades which is usual practice for me when I'm hitting a bad run of trades.

The thing I always ask myself is "Did I do everything I said I was going to do, before and during the trade?" So far the answer is yes I did.

Phil Newton's picture

EURJPY Trade Review - June 6th

Hi Folks,

What a week this has been yet again... mentally it has been tough as it would be when you take a string a monetary losses. Keep the faith in what you do and be consistent in your trading plan. The rest of the comments are on the short video.



The full text is only available to subscribers! : click here to subscribe >



Phil Newton's picture

When Bubbles Collide

So, what happens? Bernanke talks the dollar up and commodities and oil go down. Two days later a French president of the ECB gets inflation religion and the markets react swiftly. Commodity prices rise and more money comes into the market. Traders start covering their shorts as quickly as possible.

Phil Newton's picture

Did you miss Wednesday's Free webinar hosted on FX Street?

If you did miss it then do not worry at all, the good people over at FX Street recorded the session and it has now been published here

Enjoy

Phil

Phil Newton's picture

What a day that was!

What a days trading that was... not many trades and some great movement and in an ironic twist not many things actually set up for me to take advantage of the movements.

What did set up fizzled out to nothing pretty quickly which is a really pain but we don't know that's going to happen until the day is over and I suppose it was just my turn to give the forex market a cash refund.



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Phil Newton's picture

Don't forget the big picture

Hi folks, the title says it all don't forget the big picture when looking for an overnight trading range.

Lets examine exhibit A.

First of all I'm looking for an overnight range ideally placed at or near the high or the low end of the previous days high low range and on face value EURJPY below looks to be as Goldilocks would say just right.