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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

Live Room Charter

Phil Newton's picture

The Live Trading room is a place for me to show you how I trade and in turn to show you a consistent and profitable trading method

This room is not a signal service

I promise to do my best by you in outlining and detailing;

  • What I do
  • When I do it
  • How I do it
  • Why I do it

What I expect from you in return;

Preparation - The website has all the basic information that you need to succeed the trading room presents the same information in real time and show you how I put all the tools I use together.

Interaction - The quickest way to learn is to practice and test your knowledge. If I ask questions I would like an answer or an attempt at an answer - there is no right or wrong in my room only that you try your best.

Homework days- Typically a Friday although we do mini sessions through the week. These sessions give me the opportunity to test your knowledge and also the chance to point out the set ups you think are what we are looking for. In turn I will guide you through the 3 basic questions so you know and I know that we have done all we can to identify a profitable trading opportunity.

If your feeling brave enough on homework Friday's or anytime through the week and you want to check a trade you are looking at feel free. I'm not looking for an essay.

e.g. GBPJPY 240 min direction bias - up. overnight range breakout, long pullback entry on ticks

This could also be shortened further to; GJ - up - Asian Range - Long BO

This lets me know that you understand and are answering the 3 basic questions and also let you know how well you understand and that you have not missed anything out.

I understand that some people will be doing the day job as well as being in the room. Please let me know or set your status to "busy" so that I know not to expect answers from the Q & A sessions we do.

I'm open to any questions that you have during the day but as I refuse to spoon feed anyone as this will not get you to where you want to be i.e. full time trader & making a living from it. I request that If you have question please attempt an answer yourself as well. If your not sure please tell me so I can spend time with you on the points concerned.

e.g. where is the stop loss located? - I think its at... xyz

You can ask questions or post your trade views publicly in the general chat or privately via the private message system.

Other Considerations

Please note that I do have Crohn's disease which while inactive at the moment and due to scarring in my intestine does give me permanent mild symptoms. I mention this as it does effect everyone in the LTR as from time to time my health will be poor on occasion.