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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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Phoenix | 30th April '09 | Dax Futures price update

irtrader@gmail.com

This is for that Dax futures update.

The little tickle mentioned yesterday  4722 turned into a nice laugh 4810 (presently)

Although that's not what I want to mention here.

Choice of broker/ sb co etc, very important.

A mate mentioned a sb co doing a contest and asked what I thought of them and their software.

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Phoenix | 30th April '09 | price update

irtrader@gmail.com

Update on recent usd/jpy trade. Just to answer a quick e mail.

It is a good idea to have a 'long' book and a'short' book running if you can. (Not always easy to do).

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Phoenix | USDJPY | price update

irtrader@gmail.com

Well, overnight stop triggered so trade over. Nice run down (when it did eventually get going) from 9895. A few pips in the bag and wait now for another set up.

Has trend changed?

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Phoenix | Dax & FOCM Thoughts

irtrader@gmail.com

I know Trading Strategies is a FX site but trading is trading.

Dax futures near a balance point for me for a break out buy at around 4722

and is gently heading upwards towards it. It has been teasing just under this area for some time now.

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Phoenix | 29 April '09 | USDJPY price update

irtrader@gmail.com

Update from a few minutes ago. Clearer chart as well!

Price has returned overnight back into new trading channel.

Emergency hard stop has been moved down to lock in around 250, so nice safe trade whatever happens. Could exit now for an extra 50 or so, but no need to be impatient.

There is also a nice place to add to trade should it continue down.

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Phoenix | 28th April '09 | USDJPY price update

irtrader@gmail.com

Had to get another trader to send over his updated chart. This is todays chart taken a moment ago.

When trade was first intiated it did drop for 80, then reversed back into channel, before dropping 50 and reversing, then staying in channel for 2 days before behaving itself and making this current move.