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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

Trading Strategies Live Training Room Performance Jan - Sept 2011

Phil Newton's picture

Trading Strategies Live Training Room Performance for the period Jan - Sept 2011. The story so far updated

Since the last update the markets continue to "act strange" and I've lost count of the number of time that I've commented on it. Price Activity still moves from one extreme to the other from almost dead as a Dodo to a Mad Dog movement in a very short space of time.

Thankfully the strategy aims to be on a movement when it starts and most of the time before the movement gets going. This can be a blessing and a curse at the same time and while the figures still show good results the actual act of trading through these market conditions once again is not truly reflected and only shows the end result and at times has been emotionally exhausting.

The end restult though is really all that matters but I do want to highlight again in this update that is has by no means been easy pickings. As mentioned above the strategy aims to be on a movement usually before or when its starting. Which as a result can mean multiple attempts to get positioned or sitting in a trade for long periods before the moves get going towards target levels.

The movements when they have started have mainly been short lived so if your not on them when they move you are unlikely to be on anything of interest.

One additional factor which has worked significantly in my favour for a change is some major connection problems seeing several hours of down time which either meant I could not manage my trade effectively or missing some trade set ups completely. Thankfully this more often than not did work out to my benefit

Overall the performance is still good and some recent strategy adjustments have also significantly helped to simply the whole process.

 

 

Notes

  1. Results are compiled to reflect multiple lot trading and scale outs. A gain would be compiled; +20 + 40 +60 = +120. A loss would be compiled; -20 -20 -20 = -60. Net pips if these were the only two trades for the week would be +60
  2. Trading for me is between 6am and 6pm.
  3. Lunch breaks in the LTR are between 11:00 and 13:15 with at least 30/40 mins away from screen normally between 11:00-12:00 depending how the charts are unfolding.
  4. Pre-news rule applied 3 times a month where there are no new trades initiated.
  5. UK and US holidays are usually not traded.

DISCLAIMER

I'm producing this overview solely for my own benefit to help me identify that my system is performing as expected and in line with the historical back testing.

THIS IS NOT A SIGNAL SERVICE. NO TRADING ADVICE OR RECOMMENDATION TO TRADE IS GIVEN. THE INFORMATION PRESENTED HERE IS A REPRESENTATION OF THE AUTHORS VIEWS.

Trading of securities, options, futures, and forex may not be suitable for everyone and involves the risk of losing part or all of your money. This service is educational in nature and is designed to contribute to your understanding of technical analysis. Use it how you want and at your own risk. We are not registered investment advisers. This information is a general publication that reflects our own opinions and is not a specific recommendation to any one individual. You must consult your own broker or investment advisor for investment advice. Past performance is not a guarantee of future success. Controlling risk through the use of protective stops is essential.

Additional Warning

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency. Speculative trading in the foreign exchange market is a challenging prospect where above average returns are accessible to those with the experience and knowledge to assume above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose. In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds. It is encouraged that you employ such risk-reducing strategies as 'stop-loss' or 'stop-limit' orders. There are also risks associated with utilizing an Internet-based trade execution software application including, but not limited to, the failure of hardware and software.