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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 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

Month comm 1 July 06

knossos's picture
Hi all, thought I'd get back into posting a few charts and thoughts about possibilities ahead. The 3 hr cable chart looks to be consolidating here after a break above a 123 trigger on friday, but it is also pinging about just below resistance at 8550 level. There seemed to be 2 123 triggers last week, the first didn't make the full target but at least a scale out to a break even trade. The second one triggered nicely through the news for a clean trade. I've set some entries to trigger around the possible break upwards above the consolidation/bull flag, further confirming upwards 123 on daily chart. I can't hang around to zoom down to lower frames in case of a false break/whip but those are the odds I have to work with for now. And of course it may all go pear shaped and drop off that resistance line. Me macd signal line though is positive.