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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

1 April 06

Phil Newton's picture
Jack mentioned on the intraday threads late yesterday, the difficulty encountered in negotiating around Cables tight range(s) of late......a lot of folks are experiencing frustration with Cables topsy turvy indecision, which is not surprising given the instruments lack of direction into the early part of this year....... Euro & the Asian pairs have a little more muscle to exert on the dollar at the moment, in comparison to Cable.....the interest rate scenario favors both the Yen crosses & Eurozone instruments (to the exclusion of Sterling for now), and will likely have more of an influence on these baskets into 3rd Quarter............ the 2 major european pairs below are displaying clear wedge formation bias from the final quarter transition into 06, whereby further down, the Eur/Yen & GBP/Yen crosses have afforded strong, technically opposite viewpoints on the trading canvas over a similar period......... there's no particular (profit) advantage to be gleaned from either end of the technical picture - merely a different set of rules required to trade them.....for the time being tho, the Yen-Euro instruments certainly have more going for them into 3rd Q (fundamental wise) than Cable, which is continuing to "range" as was expected at the beginning of this year.... eur/yen & gbp/yen, offering very differing scenario's to the majors above.....although depending on your preferred trading stance - still offering decent returns according to how you wish to play them?