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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 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 9th May.

Phil Newton's picture
the 240min has price retracing 50% of the highlighted move & resting at the RN. The lower Fib also marries up with a support line from the lows & a likely bounce area should Cable make a negative run thru last weeks lows. The upper Fib (8980) is a prev defense zone & will no doubt attract att'n on any reversal move North.....plenty of 'playable' zones for intraday positions to hurdle in either direction! Trade Balance/Retail Sales/Business Inventories are the main Stateside focus numbers for traders next week, whether they offer an injection of activity is anyones guess - short, tight plays for my strat looks the order of play until this opens up!