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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

Ranges, Fibonacci Basics, Pull Backs, Essentials, Trading Plan

Pull Backs

Like with many things to do with trading there are so many supposed definitions of a pullback and its variations so I will restrict myself at this stage to the most common pullback that I look for.

  • One bar to multiple bar pullback

Before I go any further let me first clarify what exactly consists of a pullback.



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Trade Potential

Trade Potential is, for me, about utilising the Average True Range to have a reference of what I can expect price to do in any given day or week.



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