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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

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Phoenix ¦ G/J update 8th May

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Phoenix ¦ 2 to look at RIGHT NOW 7th MAY UPDATE

e mail: irtrader@gmail.com

Well, overall happy people in the circle.

AUD/JPY: Given at 7.347 Now: 7.431

AUD/USD: Given at 7.418 Now:7.532

Added to G/J

Light crude has blasted out of holding position

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Phoenix 2 to look at RIGHT NOW 6th MAY

e mail: irtrader@gmail.com

 Just to draw attention to 2 that are poised to move freely up should they so wish to do so.

AUD/USD: Needs attention right now as it is near level as we speak. 7.418 for a buy above. Reading the chart there is little to stop it traffic wise.

And for the same reason.

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Pheonix | 6th May Cable and G/J

e mail: irtrader@gmail.com

Slight re assessment to area on cable longer view. Long above 1.5165. Short below1.4931.

G/J 149.23 Long and short from 144.91 with a trend reversal coming it at 146.50

Looking at a nice long if it can break this resistance at its current level.

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Phoenix | 1st look at Cable. and update G/J

e mail: irtrader@gmail.com

Attached 1st shot of cable and clearly still in a up trend from the last couple of weeks.

Will it carry on? Well clearly you can see from the chart my buy above, short below channel. Fairly wide and scalping takes place inside that which is how the daily bread gets buttered. 

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Phoenix |1st May '09 | Dax Futures price update GJ and oil


Well, 1st of May and is it worth trading on a day like today when most of Europe is shut?

Yes and no.

Late nights and a few glasses are not conducive to a traders mind during the working week for a start!