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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

My GBP/JPY trade

Geofract's picture

Thought I would post my 2 trades in GBP/JPY for today.

Entries are labelled on the chart.

1st Entry was not good, as I was long from the top tick on impulse, believing I would miss the bus! I was stopped out for about -25. Bad idea, so good thing I am demo trading.

2nd Entry, long on the break above the inverted hammerish type bar, following 38.2 retrace. Exited for +46.6.

I probably could have left a portion open for a potential swing trade, but that’s a little beyond my ability right now.

 

Ok, off to read the ATM article now.

All comments welcome on the trades.

Geo

P.S. I hope this is the right place to post this?


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