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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

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NickS Sep 6

G/u off the table as its retreated back into choppie zone.

E/j trade first thing off the bat this morning.

You know this trade is looking pretty good....nice tight asian range, clean movement out of recent chop zone and more than enough room to get to T1 before the next obvious resistance at 109.50...if it breaks that then nice "air" above it !



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Random Equity Curve Generator

Really interesting tool i found scouring the web

Its a random equity curve generator, basically it allows you to put in your average winner/loser and probability of a win then put in how many simulations you want to track (i have been putting in 300 in the "lines quantity" field) and it will show you the random distribution of possible equity curves witin those parameters.



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Another bite

Interesting trade on E/J yesterday with a nice news pop and T1 attained quickly.

I woke up to see a bit of a retracement on E/J and stopped for half risk on the remaining 2 portions of the trade.

E/J setting up for another bite at the apple, it has effectively performed an 8hr  breakout pullback of the most recent chop zone and presented another "ideal Bar".



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NickS 01/09 No sweat

Really stretching to report anything tody......except profit$

Goes to show ...trade less earn more.

Price going nowhere and sidelined due to chop zones then after patient waiting for an "ideal bar" on E/J i

get the trade on with an easy breakout/Pb entry...first go.

Bit o news into the mix and pop....T1 swing target without breaking a sweat.

Loverly



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NickS 31 Aug

Back in the markets after a bank holiday Monday.

Quick trade setup on the G/U first up out of a beautiful almost textbook asian range (see the tiny 8hr bar).

Direction bias down as price below overlapping chopzone from 3 chopzones back back (see chart)

Break out pull back out of the bottom of the 8 hr bar as distance of open close less than daily 10% and bar green.



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Targeting

Well i took couple of night off after the big moves and it has turned out to be a profitable move. (Flu symptoms being profitable for me this time.)

(in all fairness i must say Phill did call the slack movements predicting a bit of chop after the heroic moves of the beginning of the week.)



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