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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 trading 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 dail stock market report 

 



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

Essentials

As with all strategy and methodologies there are some essentials you need to know before you can understand how to implement and follow my logic when trading.

Swing Strategy Objective

  • The Main move(s) of the week

Intraday Strategy Objective

  • The Main move(s) over a 8hr period

With this in mind I look at the ATR for a given currency pair so that I know what "on average" a pair is likely to do... more on this later.

Tools of the trade

The tools that I use to accomplish the objective are;

  • Simple interpretation of price action
  • Current weeks potential
  • Current 8hr opening/closing Price level
  • Please see the Quick Start Guide for more details

Account and Trade Management

Combined with these tools I use strict money management to keep the risk small enough to allow for any loosing periods that occur and more importantly allow a both physically and psychologically disciplined approach so that I can "stick to the trading plan".

Within the pages on this site you will find detailed expansion of these points and a precise outline of each set up I use on a daily basis.