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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

Friday 10th.

Phil Newton's picture
ok....moving on from the short trade earlier this morning, Cable has once more attempted a push for the early morning high of 7915. It's formed a lower top, and is cutting out a possible 50pip range from the 7915-7860 clip. MACD is highlighting neg divergance on the 15min & the shorter time frames (1 & 5) are turning over again. This is a big decision area in the short term. We're at the 50% Fib on the hourly & butting up against yesterday's close. I took a short off the top (7895), with a tgt to the 50% Fib on the 5min (7865), but it's showing slight resistance at this current level to follow thru & I'm primed for an exit. The entry was off the 1 min with a 10pip stop, and the wma's/macd confirmed the trade!! I've scaled out 3 contracts at the 7885 clip & my remaining stop is at b/e....my final exit is primed for the 7865 point. These morning trades are strictly 'intradays'....Friday lethagy/no real news to drive price this morning & U.S Producer price/Trade Balance releases could offer a kick (either way) at 1.30pm.