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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.


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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

Trading Tip | Location or Direction Bias?

Phil Newton's picture

Hi folks,

On this video I review some of the comments from the live training room regarding using a location to initial a new trade or a direction bias, or can a little of both be used.

Using location or direction separately from each other would be fairly simple do one or the other. Using a little of both means that I would have to rank my preference of which one to look for first.

For me this is location first, if the location is good then I can move on to the next item on the check list.

If I hit a stopping point (the location might not be favourable) then I can start over but assessing the direction bias.

more in the video



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