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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


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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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Until next time

happy trading 

Mr Phil Newton or on LinkedIn Phil Newton trader

Week Comm 30 May.

Phil Newton's picture
not much to add really. Cable's maintaining it's lower high behaviour for now, with the shorter timeframes bouncing around within well defined s&r barriers.....generally after such an extended move, instruments go thru a consolidation/ranging period before either basing & reversing or resuming direction to next level supply/demand. the market will now digest the upcoming French/Dutch voting scenario as well as the continuing eco releases to further assess the dollars current stance. The fundamentalists among you will no doubt be scratching heads & reaching for the large pack of paracetamol, as the debate rambles on regards the conflicting & equally convincing arguments for $ strength/weakness & it's repercussions on financial & cross trade affairs. Technically, the picture is straightforward - active short positions (on this instrument) remain live until individual strats dictate otherwise.....to repeat a favorite quote of mine : "it aint over till the fat lady sings" :)