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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

week comm 23th April

Phil Newton's picture
GM Folks, Following on from the "dont give up your day job video" we only have one suitable trade this am on CHF. with a pin or hammer bar set up on teh 8hr charts. A Long which is inline with the most recent trending price action. Something to also think about is that this is a counter trend move compared with teh overall trend. It needs to jump through 1.1990/fridays high to attempt a move to target. There are a couple of options for targets... The PB targ is noted on the charts. I can also use the ATR for a limit exit as well. Or I can use teh close of teh bar on the assumption that the majority of the price action for teh day will be done and take what is on offer.