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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

First Quarter 2007

BroadSword's picture
I thought I'd ressurect the swing and position trading thread, and given that this often attracts less attention than the intraday thread, and the fact that we're nearly half way through February already, I thought I'd just open a thread for the first quarter of the year which can run from now until end of March. Basically I'm looking at horizontal levels in various crossess, though mainly the majors, on big timeframes such as daily and weekly charts to guage trending / ranging behaviour and where high 'reaction probability' zones are based on larger TF support and resistance zones. If the larger TF charts give me a signal to look for an entry according to my trend following swing / position strat, then I'm looking at the shorter big hourly TFs to get an entry. Anyway, the attached chart (daily chart on swissy, USDCHF) looks interesting to me with some clearly defined multiple S & R areas...