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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's blog

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Snatching the moves

Well after a mad last few sessions with multiple swing targets met on e/j and g/u i'm definately in the swing of things on the Snatcho.



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NickS Discretional blog 11/08/10 E/J

 

Hi ,

im getting started on my profitable (hopefully) exploration of discretional style trading as per the quote at the bottom of

this post.

First trade is E/J which i am attracted to because of the long term down trend line (Red dotted) touching 2 points.



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NickS Day one 09/08/10

Day one back in the markets and price action was a royal pain in the backside.

I have decided to trade the snatch with swing targets only (i prefer taking a lot of small losses and some big wins...works for my mentality)

I guessed price was likely to perform some world class dicking around at these levels and i was not disappointed.



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Home made 8hr Bars

I spent the weekend getting my charts sorted for my first week back into battle.

I am a long term user of Prorealtime charts (same as IG markets advanced charts) and sadly they do not match Phils 4/8hr bars.

So i spent half the weekend trialling different charting packages trying to replicate the 8hr bars in the room.



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NickS | Back in the swing of things

Hi,

I'm back in the live room after many a month out of the market.

Snatch had only just been launched when i took a reluctant break from the markets and it looks like it has certainly proven itself in battle.... going to spend the weekend on the vids and banging off trades on forex tester to get myself into the swing (and scalp) of things.



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Reduce tha risk on FarQ trades

Today offered up a textbook alternative risk reduction using lower timeframe swing highs on e/j ( an option Phil offered up in the trading room some time ago).



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