Welcome guest, why not register to get access to more of the site?


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

FurQuad | 16 March '10 | Standard TA inerpretation & expectation of movement

Phil Newton's picture

Hi Folks,

Just updating GBPUSD discretionary view point and expected movements again.

Interesting developments based on the "what happened last time? Will it happen again? expectations"

Downside projection adjustment to 1.4925 zone (channell lows) Depending on a new short entry should see a 1st swing trade target with a possible 2nd swing trade target before catching rising channel lows.

Upside projection still between 1.50-1.5050 and free space to 1.5170 which should see a nice easy second swing trade target should price go up.

Upward movement still seeems like the line of least resistance



The full text is only available to subscribers! : click here to subscribe >