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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 22th August

Phil Newton's picture
Hi Folks Week starting 22 Aug. Below is the weekly chart of cable along with the COT data report... last week the bias started to shift resulting in a nice move up. What will be interesting to see is if this move will follow through. The chart highlighs a downward bias. The cot bias could easily fizzle out at this stage putting the breaks to this move for now. As the dumb moeny chases, IF they chase, it could turn into a pullback (now have a one bar PB) for a continued rise which could test the previous swing high near 1.84. Alternatively, we could see continued downward pressure towards the 1.75/76 zone. Will the COT data hold true with its bias...watch this space lol :lol Happy trading what ever your looking at ;)